Guide to Form T1178, General Index of Financial Information 2025

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GIFI = 9980 (Unrealized Gains/Losses)A. The resulting the T2 Schedule 1 showed the correct Net Income a reduction in Net income before taxes and extraordinary items by the amount under Unrealized Gains/Losses.
An audited financial statement includes a detailed examination of four key financial reports: a balance sheet, cash flow statement, income statement and statement of changes in equity. It also includes an opinion letter from the CPA assessing their reliability.
The three main types of financial statements are the balance sheet, the income statement, and the cash flow statement. These three statements together show the assets and liabilities of a business, revenues, and costs, as well as its cash flows from operating, investing, and financing activities.
Supporting documents include sales slips, paid bills, invoices, receipts, deposit slips, and canceled checks. These documents contain the information you need to record in your books. It is important to keep these documents because they support the entries in your books and on your tax return.
Tax-basis financial reporting is based on the tax code established by the Internal Revenue Service (IRS). This reporting is used for tax purposes and focuses on the cash transactions of a business.

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Cross-referencing table FS 5 yearsGIFI Items Tax payable 2680 Dividends payable 2962 Interest payable 2629110 more rows
The General Index of Financial Information (GIFI) is a standard list of codes that you use to prepare your financial statements. All corporations (except for insurance corporations) should prepare their financial statement information using the GIFI codes and file it with their T2 returns.
There are four primary types of financial statements: Balance sheets. Income statements. Cash flow statements. Statements of shareholders equity.

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