said by MaynardKrebs:"So if you aren't doing anything wrong, you shouldn't be worried" raises it's ugly head again.
Do you keep tax records any longer than the required 7 years? If you do you're a fool - because if you have them and CRA finds out/asks for them in an audit, you have to hand them over. You expose yourself to liability based on a retroactive interpretation of the records.
Shred, purge, delete, overwrite should be your operating mantra at the first possible moment it is legally permissible to do so, for both your own, and customer, data.
If one would give me six lines written by the hand of the most honest man, I would find something in them to have him hanged.
----Cardinal Richelieu
Couldn't have said it better myself. Well currently, they are not able to enforce the caps so by that logic, they shouldn't be keeping IP assignment data at all, unless they have to legally, right?
Even in the future though, IP assignment data should NOT be logged for billing purposes, as other things could also do that without also exposing big privacy risks.