# Receipts

**URL:** https://www.protaxcommunity.com/t/receipts/5915
**Category:** Tax Topics
**Created:** [May 9, 2022, 6:45pm UTC](https://www.protaxcommunity.com/t/receipts/5915 "2022-05-09T18:45:11Z")
**Posts on this page:** 6
**Page:** 1

<div class="post-metadata">

### Author: ![timboufford](https://avatars.discourse-cdn.com/v4/letter/t/13edae/32.png) [@timboufford](https://www.protaxcommunity.com/u/timboufford)
#### Post date: [May 9, 2022, 6:45pm UTC](https://www.protaxcommunity.com/t/receipts/5915/1 "2022-05-09T18:45:11Z")

</div>

If I pay for my gas on my credit cards do I need to keep the receipts from the pumps? Is my credit card statement all that I need incase of an audit.

Thanks

---

<div class="post-metadata">

### Author: ![obhorst](https://avatars.discourse-cdn.com/v4/letter/o/a88e57/32.png) [@obhorst](https://www.protaxcommunity.com/u/obhorst)
#### Post date: [May 9, 2022, 7:00pm UTC](https://www.protaxcommunity.com/t/receipts/5915/2 "2022-05-09T19:00:50Z")

</div>

Keep your receipts - statement is not sufficient.

---

<div class="post-metadata">

### Author: ![jhd.hemeon](https://avatars.discourse-cdn.com/v4/letter/j/3ec8ea/32.png) [@jhd.hemeon](https://www.protaxcommunity.com/u/jhd.hemeon)
#### Post date: [May 9, 2022, 7:09pm UTC](https://www.protaxcommunity.com/t/receipts/5915/3 "2022-05-09T19:09:34Z")

</div>

And, scan the receipts. Those receipts will fade to just a blank piece of paper in 6 months.

---

<div class="post-metadata">

### Author: ![gamborg](https://avatars.discourse-cdn.com/v4/letter/g/edb3f5/32.png) [@gamborg](https://www.protaxcommunity.com/u/gamborg)
#### Post date: [May 9, 2022, 7:46pm UTC](https://www.protaxcommunity.com/t/receipts/5915/4 "2022-05-09T19:46:32Z")

</div>

**_You can also buy groceries, drinks, sandwiches and sometimes even clothes at some gas stations. So showing a gas station purchase of $50 tells nothing. Best to keep those receipts._**

**_Pat Gamborg_**

**_PAT’s OFFICE_**

**_1354 Fed Road_**

**_Bear River NS B0S 1B0_**

**_902-467-3358_**

---

<div class="post-metadata">

### Author: ![jhd.hemeon](https://avatars.discourse-cdn.com/v4/letter/j/3ec8ea/32.png) [@jhd.hemeon](https://www.protaxcommunity.com/u/jhd.hemeon)
#### Post date: [May 9, 2022, 8:10pm UTC](https://www.protaxcommunity.com/t/receipts/5915/5 "2022-05-09T20:10:38Z")

</div>

I once had a doctor as a client, and he bought all his cigarettes at the gas station. Little did he know, his bookkeeper was separating out anything labelled “convenience” rather than “gas”.

---

<div class="post-metadata">

### Author: ![joe.justjoe1](https://sea2.discourse-cdn.com/flex016/user_avatar/www.protaxcommunity.com/joe.justjoe1/32/220_2.png) [@joe.justjoe1](https://www.protaxcommunity.com/u/joe.justjoe1)
#### Post date: [May 10, 2022, 1:58am UTC](https://www.protaxcommunity.com/t/receipts/5915/6 "2022-05-10T01:58:55Z")

</div>

_“Is my credit card statement all that I need”_  
.

🤣 🤣 🤣

… Long time since I’ve heard that one!  
.  
.  
.  
However, failure to comply with Section 230 is unfortunately actually a very serious matter… (In the case above, S230(4)) 😨  
Failure to comply properly with S230 could lead to prosecution under S238  
_("…is guilty of an offence and, in addition to any penalty otherwise provided, is liable on summary conviction to (a) a fine of not less than $1,000 and not more than $25,000; or (b) both the fine described in paragraph 238(1)(a) and imprisonment for a term not exceeding 12 months.")_  
.  
.  
.  
So to be safe, everyone in business really needs to have a (professional) tax advisor who has a working knowledge of the wording of the Income Tax Act.  
.  
.  
So no, don’t throw those receipts away…