(1)
Each obliged person must keep records of the information to which sections 22 to 24 apply.
(2)
Each obliged person must continue to retain a copy of those records for a period of 10 years after the expiry of the year to which they relate.
(3)
An obliged person commits an offence if the person, without reasonable excuse, fails to comply with subsection (1) or (2).
(4)
An obliged person who is convicted of an offence against subsection (3) is liable on conviction,—
in the case of an individual, to a fine not exceeding $15,000:
in any other case, to a fine not exceeding $75,000.
Compare: 1998 No 110 s 195