•Failure to keep proper books and records could be cause for
–Suspension of tax receipting privileges
–Revocation of charitable status
–Possible other consequences, e.g.,
§Unable to provide adequate evidence to
defend a legal claim
§Affect insurance coverage (e.g. if occurrence based insurance policy)
§Poor donor relations, where applicable
•Records must be kept at an address in Canada that is on file with CRA
•