03/14/2026
Small business owners in Canada should retain expense receipts in case the Canada Revenue Agency (CRA) requests them during a review or audit.
Keeping proper records helps support deductions such as:
• office supplies
• travel expenses
• vehicle costs
• software and subscriptions
• other business purchases
Good record-keeping is key to protecting your tax deductions.
At Akons Associates Inc., our bookkeeping clients receive access to a free mobile app that allows them to:
✔ Capture receipts instantly
✔ Store them electronically
✔ Attach receipts directly to bookkeeping transactions
This makes record-keeping easy, organized, and CRA-ready.