Skip to main content
Crisis Centre

ITS-0230 Asset Management: Disposition

Description

Consists of records relating to the decommissioning of IT assets through sale to students, faculty, staff or another organization. Includes receipts, agreements, correspondence relating to the sale.

Retention Trigger

Disposition of asset

Retention

Trigger + 7 years

Responsible Unit(s)

IT Services

Source

IT Services, purchaser

Records System

Banner, Paper

Citations

Income Tax Act, R.S.C. 1985, c.1 (5th Supp.) s.230 (4)(b)

Record Authority

Associate Provost

Disposition

Secure destruction

Records Arising from Activity

  • Receipts
  • Transaction and payment processing
  • Records of setting up sales
  • Learning Tool Transfer Agreement (Schedule C)

Retention Rationale

The Income Tax Act requires that books and records be kept until the expiration of six years from the end of the last taxation year.

Personal Information

Yes

Vital Record

No

Protection

Medium