Debt Write-off Regulations, 1994 (SOR/94-602)

9 Any information or records concerning a debt that is written off pursuant to these Regulations shall be retained until

• (a) all audit procedures are completed and other administrative requirements with respect to the debt and its write-off are satisfied; and

• (b) in addition, in the case of a debt referred to in subsection 4(1),

  • (i) there is no longer any probability of future set-off, and

  • (ii) the limitation period for initiating any legal action with respect to the determination of the amount or recovery of the debt has expired.