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Canada Revenue Agency
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Income records

Keep track of the gross income your business earns.

Gross income is your total income before you deduct the cost of goods sold and expenses.

Your income records should show:

  • the date
  • amount
  • source of the income

Record the income whether you received cash, property, or services.

Support all income entries with original documents. Original documents include:

  • sales invoices
  • cash register tapes
  • receipts
  • patient cards
  • fee statements
  • contracts, and so on

Here is an example of how to record your income.