May 6, 2015, Alberta – As the transition to a new regime unfolds in Alberta, the province’s Privacy Commissioner is reminding politicians and the public about the rules regarding the shredding of government records. In a news release issued Thursday, commissioner Jill Clayton says it is a criminal offense to “willfully destroy records to evade access requests.”. Such a breach could lead to a fine of up to $10,000. Clayton says she has the power to conduct an investigation if laws related to the destruction of records are not being followed.
Whether you use old-fashioned manila filing folders, a flash drive or cloud storage, tax and personal finance authorities agree on the importance of saving tax documents and records. In addition to using information for preparing your next income tax return, it may come in handy years from now.