Hi All,

Most of my Business Expense receipts are begining to fade and I am using Neat software to scan them for my records.

My question is - Will Canada Revenue Agency be ok with the scanned copies if they need to verify them in the future ? or will they insist on seeing the originals ?

Please advise

Thanks

Quote:

---

Originally posted by desiuser


Hi All,

Most of my Business Expense receipts are begining to fade and I am using Neat software to scan them for my records.

My question is - Will Canada Revenue Agency be ok with the scanned copies if they need to verify them in the future ? or will they insist on seeing the originals ?

Please advise

Thanks

---

-----------------------------------------------------------------


Pramod Chopra
Senior Mortgage Consultant
Mortgage Alliance Company of Canada

Quote:

---

Originally posted by Pramod Chopra

Quote:

---

Originally posted by desiuser


Hi All,

Most of my Business Expense receipts are begining to fade and I am using Neat software to scan them for my records.

My question is - Will Canada Revenue Agency be ok with the scanned copies if they need to verify them in the future ? or will they insist on seeing the originals ?

Please advise

Thanks

---

AFAIK, it is acceptable by CRA if nothing has been tempered with the documents and it is a standard practice by the business. See this http://www.cra-arc.gc.ca/E/pub/tp/ic78-10r5/ic78-10r5-10e.html#P56_8624

Can you please let me know which software you are using? Does it scan and organize documents automatically? Or is it a simple scanner for scanning the documents.

---

Most reciept printers these days are thermal printers, which means no ink cartriges used and therefore when recipts stay in light for long period they tend to white out...
Just a piece of advice.. keep the receipts in dark places where light can't get in.