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The General Index of Financial Information (GIFI) is a standard list of codes that you use to prepare your financial statements.
By Internet. Print the T2 Corporation Income Tax Return in PDF format from CRA s Forms and Publications page.
A T2 is a form that Canadian corporations fill out when filing their taxes every year. If your company has a filing obligation in Qubec, and or Alberta, youll also need to file the following tax returns: Qubec: CO-17 Corporation Income Tax Return. Alberta: AT1 Alberta Corporate Income Tax Return.
The T2 form is available online as a PDF file you can complete online or print for mailing/delivery to the CRA. You can find the form through CRAs online Corporation Internet Filling service.
The T2 reflects the companys total financial picture. Financial statements are typically prepared to aid in the preparation of the corporate tax return. In all T2s a special schedule called The General Index of Financial Information (GIFI) is required.
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When exporting data to GIFI, you have the option to flip the GIFI code depending on the account balance. For example, GIFI code 2680 - Taxes payable will flip to GIFI code 1483- Taxes recoverable, if it has a debit balance.
You can access any previous tax year tax slips in Compensation Web Applications (accessible only on the Government of Canada network) using Phoenix self-service and MyGCPay or, for tax years prior to Phoenix, under CWA pay stubs and archived tax slips.
Form T-2 shall be used for statements of eligibility of individuals designated to act as trustees under trust indentures to be qualified pursuant to Sections 305 or 307 of the Trust Indenture Act of 1939.

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