BR 1. What are the basic elements of a charity's books and records?

BR1. What are the basic elements of a charity’s books and records?

Short answer

The books and records of a registered charity should

  • reflect all of the activities of the charity
  • be capable of verifying all charitable donations received
  • be supported by source documents, like original receipts and invoices,
  • be in one of Canada’s two official languages (see FAQ BR5)

Also note that privacy legislation relates to the use and the retention of records. Always ensure that records are kept for as long as they have to but no longer. For more information, consult the fact sheet
Application of the Personal Information Protection and Electronic Documents Act to Charitable and Non-Profit Organizations.