The Canada Revenue Agency (CRA) requires charities to keep certain books and records. A charity must keep its books and records in either English or French. Books and records must be clear and complete so that CRA can verify that the charity is carrying on its charitable activities according to its charitable objects.
- governance documents (incorporation & registration documents, bylaws, minutes, reports, etc.)
- financial information (journals, ledgers, records, reports, financial statements)
- source documents (receipts, deposit slips, invoices, contracts, memos, etc.)
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- creation of your organization
- registrations
- operations
- minutes
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- CRA requirements
- support for records
- language used
- basic bookkeeping processes
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- common financial statements: income statement, balance sheet, cash flows
- preparation tips
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