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The GIFI consists of items you find on a balance sheet and on an income statement. The balance sheet section consists of items pertaining to assets, liabilities, and equity for corporations or partners capital for partnerships. Items specific to retained earnings for corporations are included in this area as well.
Cross-referencing tableFS 5 yearsGIFI ItemsTax payable2680Dividends payable2962Interest payable2629110 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.
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.
For-profit businesses use four primary types of financial statement: the balance sheet, the income statement, the statement of cash flow, and the statement of retained earnings.
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The GIFI codes identify items that are usually found on a corporations financial statement (balance sheets, income statements, and statements of retained earnings). Each item is assigned its own unique code. This allows the CRA to collect financial statement information in a standardized format.
The GIFI consists of items you find on a balance sheet and on an income statement. The balance sheet section consists of items pertaining to assets, liabilities, and equity for corporations or partners capital for partnerships.
For example, GIFI code 8523 represents Meals and Entertainment.

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