大象传媒

MENU

Payroll Processing Records

Function

Finances

PIB

Yes

RRSDA Number

2023-007

Department

Payroll

Description, purpose and use of records

Consists of records related to administration of University payroll service, i.e., pay statements; payroll reports; tax forms; payroll deduction forms; payroll authorization forms; direct deposit documentation; as well as copies made of personnel file records to support payroll processing (e.g., position appointment forms, salary adjustment records, and benefit files).

Do not use for time and absence records, official copies of personnel file records (e.g., employee leaves, immigration status, etc.), records related to determining employee wages/salaries, or for records related to pensions.

Retention periods

Records Active Retention
Semi-Active Retention   Total retention Final disposition
Payroll Records CFY + 1 year 6 years CFY + 7 years Destroy
         
         
         

Active = Active Retention Period, Keep in Office; Semi-Active = Semi-Active Retention period, transfer to University Records Centre; CY = Current calendar year; CFY = Current fiscal year; CS = Current semester; S/O = Superseded or obsolete; OPR = Office of Primary Responsibility; Non-OPR = All other departments

Authorities

These records are created, used, retained and managed in accordance with the following authorities:

  • Employment Standards Act (RSBC 1996, c. 113)
  • Income Tax Act (BC) (RSBC 1996, c. 215)

 

Retention rationale

The Employment Standards Act requires payroll records to be retained for four years from the date of their creation (s. 28(2)), while the Income Tax Act requires that records and books of account must be kept for verification purposes at minimum until the end of the sixth year after the taxation year to which the records relate (ss. 230(4) and (7)).

Therefore, a total retention period of 鈥淔Y + 7Y鈥 is sufficient to comply with the University鈥檚 obligations under these acts.

 

related RRSDAs

Status

RRSDA is in force

Approval Date

8 Apr 2024

Last Revised Date

8 Apr 2024