If your organization has a Canadian address, you need to be aware of the requirements of Canadian law related to tax statements.

We recommend the following best practices for Canada Revenue Agency (CRA) review preparation:

1. When you begin to distribute your contributors' giving statements, make an extra copy. This can be a physical copy or a PDF that you keep on file for the future.
2. Print or create a PDF that lists your contributors, with their contact information, for your annual file.
3. Print or create a PDF of your annual financial statements, and download transaction details to a spreadsheet or .pdf file.

Keeping these records with other required CRA documents such as church bylaws, annual meeting minutes, and so forth is a good business practice that will better prepare you in the event of a CRA audit.