Electronic invoicing guide
Canada
Digital reporting requirements
Post Audit
Obligatory
Voluntary for all
Authority
Canadian Revenue Agency (CRA)
Platform
Peppol Network
Format
UBL
Storage time
6 years
Reporting and processes
Reporting
This country has no reporting obligations.
Processes
According to the CRA circular, here is a breakdown of e-invoicing regulations in Canada:
- Before invoices are exchanged, the storage process must ensure the accuracy, security and integrity of the processed data and store them in a system.
- Business partners should store documents describing the relevant business and operational system, including how transactions are processed and managed.
- The documents shall use data exchange standards compatible with the CRA’s audit software.
- Businesses and organisations must store backup data.
Upcoming legislative changes
For the time being, no legislative changes are foreseen.
Links of Interest and documents
Links of interest
https://www.canada.ca/en/revenue-agency.html
Documents
Invoices, credit/debit notes
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