Connoropolous/gifi-codes.html

## gifi-codes.html
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<h2 id="appendix_A">Appendix A – Complete listing of the <abbr title="General Index of Financial Information">GIFI</abbr> items</h2>
<p>The following is a complete list of <abbr title="General Index of Financial Information">GIFI</abbr> items. Some of them include more detail about the type of information you could report in the item. Some items are intended for corporations only or for partnerships only. Some items apply only to certain industry sectors or types of business.</p>
<p>If you are eligible and have chosen to use the <abbr title="General Index of Financial Information">GIFI</abbr>-Short, pay special attention to descriptions beginning with “<abbr title="General Index of Financial Information">GIFI</abbr>-Short.” If a line appearing on Form&nbsp;T1178 does not have a “<abbr title="General Index of Financial Information">GIFI</abbr>-Short” description in this appendix, the regular <abbr title="General Index of Financial Information">GIFI</abbr> definition applies.</p>


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            <h3 class="panel-title">Note</h3>
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        <p>The generic items highlighted in bold at the start of each block do not represent a total of the items in the block. They are the generic items to use if the specific items in the block are not an exact match to the item on your financial statement.</p>


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    <section class="panel panel-default well">
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            <h3 class="panel-title">Example</h3>
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          <p><strong>1001 Cash</strong></p>  <p>Use this item to report bank drafts, bank notes, cheques, coins, currency, money orders, postal notes, and post-dated cheques, as well as cash.</p>  <p><strong>9012 Road costs</strong></p>  <p>Use this item to report snow removal as well as road costs.</p>


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        <h3 id="P2028_48075">Balance Sheet Information</h3>


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<div class="mwsbodytext text parbase section">


        <h4>Assets</h4>


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<div class="table parbase section">
<table class="table table-condensed table-responsive">
<caption><b>GIFI codes for Current assets</b></caption>
<thead><tr class="active"><th scope="col"><span class="nowrap"><abbr title="General Index of Financial Information">GIFI</abbr> code</span></th>
<th scope="col"><abbr title="General Index of Financial Information">GIFI</abbr> name</th>
</tr></thead><tbody><tr><td class="text-center"><b>1000</b></td>
<td><p><b>Cash and deposits</b></p>
<p><b><abbr title="General Index of Financial Information">GIFI</abbr>-Short:</b><br>
Include all amounts under items&nbsp;1001 to&nbsp;1007.</p>
</td>
</tr><tr><td class="text-center">1001</td>
<td>Cash<br>
bank drafts, bank notes, cheques, coins, currency, money orders, postal notes, and post-dated cheques</td>
</tr><tr><td class="text-center">1002</td>
<td>Deposits in Canadian banks and institutions – Canadian currency</td>
</tr><tr><td class="text-center">1003</td>
<td>Deposits in Canadian banks and institutions&nbsp;– Foreign currency</td>
</tr><tr><td class="text-center">1004</td>
<td>Deposits in foreign banks&nbsp;– Canadian currency</td>
</tr><tr><td class="text-center">1005</td>
<td>Deposits in foreign banks&nbsp;– Foreign currency</td>
</tr><tr><td class="text-center">1006</td>
<td>Credit union central deposits<br>
(credit unions only)</td>
</tr><tr><td class="text-center">1007</td>
<td>Other cash-like instruments<br>
gold bullion and silver bullion</td>
</tr><tr><td class="text-center"><b>1060</b></td>
<td><p><b>Accounts receivable</b><br>
claims, dividends, royalties, and subsidies receivable</p>
<p><b><abbr title="General Index of Financial Information">GIFI</abbr>-Short:</b><br>
Include all amounts here that would have otherwise been reported under items&nbsp;1062, 1064, 1066, 1067, 1068, 1069, and 1071, as well as claims, dividends, royalties, and subsidies receivable.</p>
</td>
</tr><tr><td class="text-center"><b>1061</b></td>
<td><p><b>Allowance for doubtful accounts</b></p>
<p><b><abbr title="General Index of Financial Information">GIFI</abbr>-Short:</b><br>
Include all amounts under items&nbsp;1063, 1065, 1070, and 1072.</p>
</td>
</tr><tr><td class="text-center">1062</td>
<td>Trade accounts receivable</td>
</tr><tr><td class="text-center">1063</td>
<td>Allowance for doubtful trade accounts receivable</td>
</tr><tr><td class="text-center">1064</td>
<td>Trade accounts receivable from related parties</td>
</tr><tr><td class="text-center">1065</td>
<td>Allowance for doubtful trade accounts receivable from related parties</td>
</tr><tr><td class="text-center">1066</td>
<td>Taxes receivable<br><abbr title="goods and services tax/harmonized sales tax">GST/HST</abbr>, income tax refunds, and tax credits receivable</td>
</tr><tr><td class="text-center">1067</td>
<td>Interest receivable</td>
</tr><tr><td class="text-center">1068</td>
<td>Holdbacks receivable</td>
</tr><tr><td class="text-center">1069</td>
<td>Leases receivable</td>
</tr><tr><td class="text-center">1070</td>
<td>Allowance for doubtful amounts contained in leases receivable</td>
</tr><tr><td class="text-center">1071</td>
<td>Accounts receivable from employees</td>
</tr><tr><td class="text-center">1072</td>
<td>Allowance for doubtful accounts receivable from employees</td>
</tr><tr><td class="text-center">1073</td>
<td>Amounts receivable from members of <abbr title="non-profit organizations">NPOs</abbr><br>
This item is intended for corporations that are non-profit organizations to report amounts receivable from members.</td>
</tr><tr><td class="text-center"><b>1120</b></td>
<td><p><b>Inventories</b></p>
<p><b><abbr title="General Index of Financial Information">GIFI</abbr>-Short:</b><br>
Include all amounts here that would have otherwise been reported under items&nbsp;1121 to 1127.</p>
</td>
</tr><tr><td class="text-center">1121</td>
<td>Inventory of goods for sale<br>
finished goods</td>
</tr><tr><td class="text-center">1122</td>
<td>Inventory parts and supplies</td>
</tr><tr><td class="text-center">1123</td>
<td>Inventory properties<br>
This item is intended for companies whose primary activities are real estate, subdivision, or construction, and who have real estate held for sale.</td>
</tr><tr><td class="text-center">1124</td>
<td>Inventory of aggregates</td>
</tr><tr><td class="text-center">1125</td>
<td>Work in progress<br>
goods in process</td>
</tr><tr><td class="text-center">1126</td>
<td>Raw materials<br>
includes amounts reported under inventories as raw materials usually found in the manufacturing sector</td>
</tr><tr><td class="text-center">1127</td>
<td>Inventory of securities<br>
This item is intended for companies such as brokers, stockbrokers, financial institutions, and investment companies that hold securities for sale.</td>
</tr><tr><td class="text-center"><b>1180</b></td>
<td><p><b>Short-term investments</b><br>
short-term marketable securities</p>
<p><b><abbr title="General Index of Financial Information">GIFI</abbr>-Short:</b><br>
Include all amounts here that would have otherwise been reported under items&nbsp;1181 to 1187, as well as short term investment in joint ventures or partnerships.</p>
</td>
</tr><tr><td class="text-center">1181</td>
<td>Canadian term deposits<br>
short-term bearer deposit notes, collateral deposits, and guaranteed investment certificates</td>
</tr><tr><td class="text-center">1182</td>
<td>Canadian shares</td>
</tr><tr><td class="text-center">1183</td>
<td>Canadian bonds<br>
bond coupons, bond deposits, corporate bonds, government bonds, and debentures shown current</td>
</tr><tr><td class="text-center">1184</td>
<td>Canadian treasury bills</td>
</tr><tr><td class="text-center">1185</td>
<td>Securities purchased under resale agreements<br>
includes amounts reported as securities purchased under resale agreements found in returns filed by financial institutions, investments companies and brokers</td>
</tr><tr><td class="text-center">1186</td>
<td>Other short-term Canadian investments</td>
</tr><tr><td class="text-center">1187</td>
<td>Short-term foreign investments<br>
all types of foreign investment shown current</td>
</tr><tr><td class="text-center"><b>1240</b></td>
<td><p><b>Loans and notes receivable</b></p>
<p><b><abbr title="General Index of Financial Information">GIFI</abbr>-Short:</b><br>
Include all amounts here that would have otherwise been reported under items 1241 to 1244 as well as amounts due from joint venture or partnerships.</p>
</td>
</tr><tr><td class="text-center">1241</td>
<td>Demand loans receivable<br>
amounts such as call loans, day loans, and demand loans</td>
</tr><tr><td class="text-center">1242</td>
<td>Other loans receivable</td>
</tr><tr><td class="text-center">1243</td>
<td>Notes receivable</td>
</tr><tr><td class="text-center">1244</td>
<td>Mortgages receivable</td>
</tr><tr><td class="text-center"><b>Items 1300 to 1303 - </b>(corporations only)</td>
<td><p><span class="nowrap"></span>Current amounts due from shareholders/directors, such as advances, loans, and notes</p>
<p>&nbsp;</p>
</td>
</tr><tr><td class="text-center"><b>1300</b></td>
<td><p><b>Due from shareholder(s)/director(s)</b></p>
<p><b><abbr title="General Index of Financial Information">GIFI</abbr>-Short:</b><br>
Include all amounts here that would have otherwise been reported under items&nbsp;1301 to 1303.</p>
</td>
</tr><tr><td class="text-center">1301</td>
<td>Due from individual shareholder(s)</td>
</tr><tr><td class="text-center">1302</td>
<td>Due from corporate shareholder(s)<br>
due from parent company</td>
</tr><tr><td class="text-center">1303</td>
<td>Due from director(s)</td>
</tr><tr><td class="text-center"><b>Items 1310 to 1314</b> - (partnerships only)</td>
<td>Current advances/loans/notes between the partners and the partnership</td>
</tr><tr><td class="text-center"><b>1310</b></td>
<td><b>Due from member(s)/general partner(s)</b></td>
</tr><tr><td class="text-center">1311</td>
<td>Due from limited partners</td>
</tr><tr><td class="text-center">1312</td>
<td>Due from members that are partnerships</td>
</tr><tr><td class="text-center">1313</td>
<td>Due from general partners</td>
</tr><tr><td class="text-center">1314</td>
<td>Due from specified members who are not limited partners</td>
</tr><tr><td class="text-center"><b>1360</b></td>
<td><b>Investment in joint venture(s)/partnership(s)</b><br>
current investment or equity in joint venture(s), partnership(s), and syndicate(s)</td>
</tr><tr><td class="text-center"><b>1380</b></td>
<td><b>Due from joint venture(s)/partnership(s)</b><br>
current amounts due from joint venture(s)/partnership(s), or syndicate(s), such as advances, loans, and notes</td>
</tr><tr><td class="text-center"><b>Items 1400 to 1403</b></td>
<td><p>&quot;Related parties&quot; can refer to affiliate, associated, and subsidiary corporations.</p>
<p><b>Note</b><br>
Current investment in a parent company should be reported under item&nbsp;1400; however, item&nbsp;1302 should be used for current amounts due from a parent company.</p>
</td>
</tr><tr><td class="text-center"><b>1400</b></td>
<td><p><b>Due from/investment in related parties</b></p>
<p><b><abbr title="General Index of Financial Information">GIFI</abbr>-Short:</b><br>
A current investment in a parent company should be reported at line&nbsp;1400, and a current amount due from a parent company should be reported at line&nbsp;1300.</p>
<p>Include all amounts here that would have otherwise been reported under items&nbsp;1401 to 1403.</p>
</td>
</tr><tr><td class="text-center">1401</td>
<td>Demand notes from related parties<br>
amounts due from related parties such as call loans, day loans, and demand loans</td>
</tr><tr><td class="text-center">1402</td>
<td>Interest receivable from related parties</td>
</tr><tr><td class="text-center">1403</td>
<td>Loans/advances due from related parties</td>
</tr><tr><td class="text-center"><b>1460</b></td>
<td><b>Customers' liability under acceptances</b><br>
This item is for financial institutions – any amount reported under this item should be equal to the amount reported in Liabilities under item&nbsp;2940&nbsp;– Bankers' acceptances.</td>
</tr><tr><td class="text-center"><b>1480</b></td>
<td><p><b>Other current assets</b></p>
<p><b><abbr title="General Index of Financial Information">GIFI</abbr>-Short:</b><br>
Include all amounts here that would have otherwise been reported under items&nbsp;1481 to 1486.</p>
</td>
</tr><tr><td class="text-center">1481</td>
<td>Future (deferred) income taxes (corporations only)<br>
income taxes applicable to future years, and reserve for income taxes, shown current</td>
</tr><tr><td class="text-center">1482</td>
<td>Accrued investment income</td>
</tr><tr><td class="text-center">1483</td>
<td>Taxes recoverable/refundable</td>
</tr><tr><td class="text-center">1484</td>
<td>Prepaid expenses</td>
</tr><tr><td class="text-center">1485</td>
<td>Drilling advances<br>
for mining, quarrying, and oil and gas industries</td>
</tr><tr><td class="text-center">1486</td>
<td>Security/tender deposits</td>
</tr><tr><td class="text-center"><b>1599</b></td>
<td><b>Total current asset</b><i><b>s</b></i></td>
</tr></tbody></table>

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        <h4>Capital assets</h4>
<p><strong>Items 1600 to 2179 – Capital assets</strong><br>
Throughout the <abbr title="General Index of Financial Information">GIFI</abbr>, depreciation is referred to as amortization of tangible assets, depletion is referred to as amortization of natural resource assets, and amortization is referred to as amortization of intangible assets.</p>
<p><strong>Items 1600 to 2009 – Tangible capital assets</strong><br>
Item 2008&nbsp;– Total tangible capital assets, represents the sum of all tangible capital assets reported, and item 2009&nbsp;– Total accumulated amortization of tangible capital assets, represents the sum of all the accumulated amortization of the tangible capital assets reported, within <span class="nowrap">items 1600 to 1922.</span></p>
<p>When reporting this breakdown, do not show the net final amount of the tangible capital assets on the <abbr title="General Index of Financial Information">GIFI</abbr>. However, if your financial statements show an amount, for example fixed assets (net), for which there is no breakdown, report it under item 2008&nbsp;– Total tangible capital <span class="nowrap">assets.</span></p>


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<table class="table table-condensed table-responsive">
<caption><b>GIFI codes for Capital assets</b></caption>
<thead><tr class="active"><th scope="col"><abbr title="General Index of Financial Information">GIFI</abbr> code</th>
<th scope="col"><abbr title="General Index of Financial Information">GIFI</abbr> name</th>
</tr></thead><tbody><tr><td class="text-center"><b>1600</b></td>
<td><p><b>Land</b></p>
<p><b><abbr title="General Index of Financial Information">GIFI</abbr>-Short:</b><br>
Include all amounts here that would have otherwise been reported under items&nbsp;1601 and 1602.</p>
</td>
</tr><tr><td class="text-center">1601</td>
<td>Land improvements<br>
landscaping</td>
</tr><tr><td class="text-center">1602</td>
<td>Accumulated amortization of land improvements</td>
</tr><tr><td class="text-center"><b>Items&nbsp;1620 to 1633</b></td>
<td>Depletable assets are assets that will be written off in later periods as they are used up. These items generally apply only to the resource or manufacturing industries.</td>
</tr><tr><td class="text-center"><b>1620</b></td>
<td><p><b>Depletable assets</b><br>
costs for mine-stripping, well drilling, and waste removal</p>
<p><b><abbr title="General Index of Financial Information">GIFI</abbr>-Short:</b><br>
Include all amounts here that would have otherwise been reported under items&nbsp;1622, 1624, 1626, 1628, 1630, and 1632, as well as cost for mine-stripping, well-drilling, waste removal, and gravel pits.</p>
</td>
</tr><tr><td class="text-center"><b>1621</b></td>
<td><p><b>Accumulated amortization of depletable assets</b></p>
<p><b><abbr title="General Index of Financial Information">GIFI</abbr>-Short:</b><br>
Include the accumulated depreciation or amortization of any of the items reported at line 1620.</p>
</td>
</tr><tr><td class="text-center">1622</td>
<td>Petroleum and natural gas properties</td>
</tr><tr><td class="text-center">1623</td>
<td>Accumulated amortization of petroleum and natural gas properties</td>
</tr><tr><td class="text-center">1624</td>
<td>Mining properties</td>
</tr><tr><td class="text-center">1625</td>
<td>Accumulated amortization of mining properties</td>
</tr><tr><td class="text-center">1626</td>
<td>Deferred exploration and development charges</td>
</tr><tr><td class="text-center">1627</td>
<td>Accumulated amortization of deferred exploration and development charges</td>
</tr><tr><td class="text-center">1628</td>
<td>Quarries</td>
</tr><tr><td class="text-center">1629</td>
<td>Accumulated amortization of quarries</td>
</tr><tr><td class="text-center">1630</td>
<td>Gravel pits</td>
</tr><tr><td class="text-center">1631</td>
<td>Accumulated amortization of gravel pits</td>
</tr><tr><td class="text-center">1632</td>
<td>Timber limits</td>
</tr><tr><td class="text-center">1633</td>
<td>Accumulated amortization of timber limits</td>
</tr><tr><td class="text-center"><b>1680</b></td>
<td><p><b>Buildings</b></p>
<p><b><abbr title="General Index of Financial Information">GIFI</abbr>-Short:</b><br>
Include all amounts here that would have otherwise been reported under items&nbsp;1682 and 1684.</p>
</td>
</tr><tr><td class="text-center"><b>1681</b></td>
<td><p><b>Accumulated amortization of buildings</b></p>
<p><b><abbr title="General Index of Financial Information">GIFI</abbr>-Short:</b><br>
Include the accumulated depreciation or amortization of any of the items reported at line 1680.</p>
</td>
</tr><tr><td class="text-center"><b>Items 1682 and 1683</b></td>
<td>For resource or manufacturing industries</td>
</tr><tr><td class="text-center">1682</td>
<td>Manufacturing and processing plant<br>
for resource or manufacturing industries</td>
</tr><tr><td class="text-center">1683</td>
<td>Accumulated amortization of manufacturing and processing plant<br>
for resource or manufacturing industries</td>
</tr><tr><td class="text-center">1684</td>
<td>Buildings under construction</td>
</tr><tr><td class="text-center"><b>1740</b></td>
<td><p><b>Machinery, equipment, furniture, and fixtures</b></p>
<p><b><abbr title="General Index of Financial Information">GIFI</abbr>-Short:</b><br>
Include all amounts here that would have otherwise been reported under items&nbsp;1742, 1744, 1746, 1748, 1750, 1752, 1754, 1756, 1758, 1760, 1762, 1764, 1766, 1768, 1770, 1772, 1774, 1776, 1778, 1780, 1782, 1783, and 1785.</p>
</td>
</tr><tr><td class="text-center"><b>1741</b></td>
<td><p><b>Accumulated amortization of machinery, equipment, furniture, and fixtures</b></p>
<p><b><abbr title="General Index of Financial Information">GIFI</abbr>-Short:</b><br>
Include the accumulated depreciation or amortization of any of the items reported at line 1740.</p>
</td>
</tr><tr><td class="text-center">1742</td>
<td>Motor vehicles</td>
</tr><tr><td class="text-center">1743</td>
<td>Accumulated amortization of motor vehicles</td>
</tr><tr><td class="text-center">1744</td>
<td>Tools and dies</td>
</tr><tr><td class="text-center">1745</td>
<td>Accumulated amortization of tools and dies</td>
</tr><tr><td class="text-center">1746</td>
<td>Construction and excavating equipment</td>
</tr><tr><td class="text-center">1747</td>
<td>Accumulated amortization of construction and excavating equipment</td>
</tr><tr><td class="text-center"><b>Items 1748 and 1749</b></td>
<td>For the forestry and logging industry</td>
</tr><tr><td class="text-center">1748</td>
<td>Forestry and logging equipment<br>
for the forestry and logging industry</td>
</tr><tr><td class="text-center">1749</td>
<td>Accumulated amortization of forestry and logging equipment<br>
for the forestry and logging industry</td>
</tr><tr><td class="text-center"><b>Items 1750 and 1751</b></td>
<td>For the fishing industry</td>
</tr><tr><td class="text-center">1750</td>
<td>Fishing gear and nets<br>
Sonar equipment. For the fishing industry.</td>
</tr><tr><td class="text-center">1751</td>
<td>Accumulated amortization of fishing gear and nets<br>
For the fishing industry.</td>
</tr><tr><td class="text-center"><b>Items 1752 to 1757</b></td>
<td>For resource industries</td>
</tr><tr><td class="text-center">1752</td>
<td>Mining equipment<br>
for resource industries</td>
</tr><tr><td class="text-center">1753</td>
<td>Accumulated amortization of mining equipment<br>
for resource industries</td>
</tr><tr><td class="text-center">1754</td>
<td>Oil and gas systems<br>
Pipelines and distribution systems. For resource industries.</td>
</tr><tr><td class="text-center">1755</td>
<td>Accumulated amortization of oil and gas systems<br>
for resource industries</td>
</tr><tr><td class="text-center">1756</td>
<td>Production equipment for resource industries<br>
for resource industries</td>
</tr><tr><td class="text-center">1757</td>
<td>Accumulated amortization of production equipment for resource industries<br>
for resource industries</td>
</tr><tr><td class="text-center">1758</td>
<td>Production equipment for other than resource industries</td>
</tr><tr><td class="text-center">1759</td>
<td>Accumulated amortization of production equipment for other than resource industries</td>
</tr><tr><td class="text-center"><b>Items 1760 and 1761</b></td>
<td>For resource industries</td>
</tr><tr><td class="text-center">1760</td>
<td>Exploration equipment<br>
for resource industries</td>
</tr><tr><td class="text-center">1761</td>
<td>Accumulated amortization of exploration equipment<br>
for resource industries</td>
</tr><tr><td class="text-center">1762</td>
<td>Shipping equipment</td>
</tr><tr><td class="text-center">1763</td>
<td>Accumulated amortization of shipping equipment</td>
</tr><tr><td class="text-center">1764</td>
<td>Ships and boats</td>
</tr><tr><td class="text-center">1765</td>
<td>Accumulated amortization of ships and boats</td>
</tr><tr><td class="text-center">1766</td>
<td>Aircraft</td>
</tr><tr><td class="text-center">1767</td>
<td>Accumulated amortization of aircraft</td>
</tr><tr><td class="text-center">1768</td>
<td>Signs</td>
</tr><tr><td class="text-center">1769</td>
<td>Accumulated amortization of signs</td>
</tr><tr><td class="text-center">1770</td>
<td>Small tools</td>
</tr><tr><td class="text-center">1771</td>
<td>Accumulated amortization of small tools</td>
</tr><tr><td class="text-center">1772</td>
<td>Radio and communication equipment</td>
</tr><tr><td class="text-center">1773</td>
<td>Accumulated amortization of radio and communication equipment</td>
</tr><tr><td class="text-center">1774</td>
<td>Computer equipment/software</td>
</tr><tr><td class="text-center">1775</td>
<td>Accumulated amortization of computer equipment/software</td>
</tr><tr><td class="text-center"><b>Items 1776 and 1777</b></td>
<td>For the arts, entertainment, and recreation industry</td>
</tr><tr><td class="text-center">1776</td>
<td>Musical instruments<br></td>
</tr><tr><td class="text-center">1777</td>
<td>Accumulated amortization of musical instruments<br></td>
</tr><tr><td class="text-center"><b>Items 1778 to 1781</b></td>
<td>For information and cultural industry</td>
</tr><tr><td class="text-center">1778</td>
<td>Satellites<br></td>
</tr><tr><td class="text-center">1779</td>
<td>Accumulated amortization of satellites<br></td>
</tr><tr><td class="text-center">1780</td>
<td>Earth stations<br></td>
</tr><tr><td class="text-center">1781</td>
<td>Accumulated amortization of earth stations<br></td>
</tr><tr><td class="text-center">1782</td>
<td>Machinery and equipment under construction</td>
</tr><tr><td class="text-center">1783</td>
<td>Transportation equipment</td>
</tr><tr><td class="text-center">1784</td>
<td>Accumulated amortization of transportation equipment</td>
</tr><tr><td class="text-center">1785</td>
<td>Other machinery and equipment</td>
</tr><tr><td class="text-center">1786</td>
<td>Accumulated amortization of other machinery and equipment</td>
</tr><tr><td class="text-center">1787</td>
<td>Furniture and fixtures</td>
</tr><tr><td class="text-center">1788</td>
<td><p>Accumulated amortization of furniture and fixtures</p>
<p><b><abbr title="General Index of Financial Information">GIFI</abbr>-Short:</b><br>
Include the accumulated depreciation or amortization of any of the items on line&nbsp;1787.</p>
</td>
</tr><tr><td class="text-center"><b>1900</b></td>
<td><p><b>Other tangible capital assets</b><br>
art, books, chinaware, cutlery, utensils, uniforms, culverts, dams, golf courses, grain elevators, grandstands, swimming pools, towers, and trailer parks</p>
<p><b><abbr title="General Index of Financial Information">GIFI</abbr>-Short:</b><br>
Include all amounts here that would have otherwise been reported under items&nbsp;1902, 1904, 1906, 1908, 1910, 1912, 1914, 1916, 1918, 1920, and 1921.</p>
</td>
</tr><tr><td class="text-center"><b>1901</b></td>
<td><p><b>Accumulated amortization of other tangible capital assets</b></p>
<p><b><abbr title="General Index of Financial Information">GIFI</abbr>-Short:</b><br>
Include the accumulated depreciation or amortization of any of the items on line 1900.</p>
<p><b><u>Note</u></b><br>
Do not reduce amounts on lines&nbsp;1900 and 1901 by government grants and investment tax credits. Report the net amount on line&nbsp;3320.</p>
</td>
</tr><tr><td class="text-center"><b>Items 1902 and 1903</b></td>
<td>For the forestry and logging industry</td>
</tr><tr><td class="text-center">1902</td>
<td>Logging roads<br></td>
</tr><tr><td class="text-center">1903</td>
<td>Accumulated amortization of logging roads<br></td>
</tr><tr><td class="text-center">1904</td>
<td>Asphalt and parking areas</td>
</tr><tr><td class="text-center">1905</td>
<td>Accumulated amortization of asphalt and parking areas</td>
</tr><tr><td class="text-center">1906</td>
<td>Wharves<br>
docks, float walks, and marinas</td>
</tr><tr><td class="text-center">1907</td>
<td>Accumulated amortization of wharves</td>
</tr><tr><td class="text-center">1908</td>
<td>Fences</td>
</tr><tr><td class="text-center">1909</td>
<td>Accumulated amortization of fences</td>
</tr><tr><td class="text-center">1910</td>
<td>Capital leases&nbsp;– Buildings</td>
</tr><tr><td class="text-center">1911</td>
<td>Accumulated amortization of capital leases&nbsp;– Buildings</td>
</tr><tr><td class="text-center">1912</td>
<td>Capital leases&nbsp;– Equipment</td>
</tr><tr><td class="text-center">1913</td>
<td>Accumulated amortization of capital leases&nbsp;– Equipment</td>
</tr><tr><td class="text-center">1914</td>
<td>Capital leases&nbsp;– Vehicles</td>
</tr><tr><td class="text-center">1915</td>
<td>Accumulated amortization of capital leases&nbsp;– Vehicles</td>
</tr><tr><td class="text-center">1916</td>
<td>Capital leases&nbsp;– Others<br>
rented signs</td>
</tr><tr><td class="text-center">1917</td>
<td>Accumulated amortization of capital leases&nbsp;– Others</td>
</tr><tr><td class="text-center">1918</td>
<td>Leasehold improvements</td>
</tr><tr><td class="text-center">1919</td>
<td>Accumulated amortization of leasehold improvements</td>
</tr><tr><td class="text-center">1920</td>
<td>Other capital assets under construction</td>
</tr><tr><td class="text-center">1921</td>
<td>Campsites</td>
</tr><tr><td class="text-center">1922</td>
<td>Accumulated amortization of campsites</td>
</tr><tr><td class="text-center"><b>2008</b></td>
<td><b>Total tangible capital assets</b></td>
</tr><tr><td class="text-center"><b>2009</b></td>
<td><b>Total accumulated amortization of tangible capital assets</b></td>
</tr><tr><td class="text-center"><b>Items&nbsp;2010&nbsp;to 2179 - Intangible capital assets</b></td>
<td>Item&nbsp;2178 - Total intangible capital assets, represents the sum of all intangible capital assets reported, and item&nbsp;2179 – Total accumulated amortization of intangible capital assets, represents the sum of all the accumulated amortization of the intangible capital assets reported, within items &nbsp;2010 to 2077. When reporting this breakdown, the net final amount of the intangible capital assets is not to be shown anywhere on the <abbr title="General Index of Financial Information">GIFI</abbr>. However, if your financial statements show an amount for “intangibles” for which there is no breakdown, this item could be reported under Item 2178 – Total intangible capital assets.</td>
</tr><tr><td class="text-center"><b>2010</b></td>
<td><p><b>Intangible assets</b><br>
concessions, formulas, franchises, and organization costs</p>
<p><b><abbr title="General Index of Financial Information">GIFI</abbr>-Short:</b><br>
Include all amounts here that would have otherwise been reported under items&nbsp;2012, 2014, 2016, 2018, 2020, 2022, 2024 and 2026, as well as concessions, formulas, franchises, and organization costs.</p>
</td>
</tr><tr><td class="text-center"><b>2011</b></td>
<td><p><b>Accumulated amortization of intangible assets</b></p>
<p><b><abbr title="General Index of Financial Information">GIFI</abbr>-Short:</b><br>
Include the accumulated amortization of any items reported at line&nbsp;2010.</p>
</td>
</tr><tr><td class="text-center">2012</td>
<td>Goodwill</td>
</tr><tr><td class="text-center">2013</td>
<td>Accumulated amortization of goodwill<br>
applies to tax years before 2002</td>
</tr><tr><td class="text-center">2014</td>
<td>Quota</td>
</tr><tr><td class="text-center">2015</td>
<td>Accumulated amortization of quota</td>
</tr><tr><td class="text-center">2016</td>
<td>Licences</td>
</tr><tr><td class="text-center">2017</td>
<td>Accumulated amortization of licences</td>
</tr><tr><td class="text-center">2018</td>
<td>Incorporation costs (corporations only)</td>
</tr><tr><td class="text-center">2019</td>
<td>Accumulated amortization of incorporation costs (corporations only)</td>
</tr><tr><td class="text-center">2020</td>
<td>Trademarks/patents</td>
</tr><tr><td class="text-center">2021</td>
<td>Accumulated amortization of trademarks/patents</td>
</tr><tr><td class="text-center">2022</td>
<td>Customer lists</td>
</tr><tr><td class="text-center">2023</td>
<td>Accumulated amortization of customer lists</td>
</tr><tr><td class="text-center">2024</td>
<td>Rights</td>
</tr><tr><td class="text-center">2025</td>
<td>Accumulated amortization of rights</td>
</tr><tr><td class="text-center">2026</td>
<td>Research and development</td>
</tr><tr><td class="text-center">2027</td>
<td>Accumulated amortization of research and development</td>
</tr><tr><td class="text-center"><b>Items&nbsp;2070 to 2077</b></td>
<td>For resource industries</td>
</tr><tr><td class="text-center"><b>2070</b></td>
<td><b>Resource rights</b><br></td>
</tr><tr><td class="text-center"><b>2071</b></td>
<td><b>Accumulated amortization of resource rights</b><br></td>
</tr><tr><td class="text-center">2072</td>
<td>Timber rights<br></td>
</tr><tr><td class="text-center">2073</td>
<td>Accumulated amortization of timber rights<br></td>
</tr><tr><td class="text-center">2074</td>
<td>Mining rights<br></td>
</tr><tr><td class="text-center">2075</td>
<td>Accumulated amortization of mining rights<br></td>
</tr><tr><td class="text-center">2076</td>
<td>Oil and gas rights<br></td>
</tr><tr><td class="text-center">2077</td>
<td>Accumulated amortization of oil and gas rights<br></td>
</tr><tr><td class="text-center"><b>2178</b></td>
<td><b>Total intangible capital assets</b></td>
</tr><tr><td class="text-center"><b>2179</b></td>
<td><b>Total accumulated amortization of intangible capital assets</b></td>
</tr></tbody></table>

</div>
<div class="table parbase section">
<table class="table table-condensed table-responsive">
<caption><b>GIFI codes for Long-term assets</b></caption>
<thead><tr class="active"><th scope="col"><span class="nowrap"><abbr title="General Index of Financial Information">GIFI</abbr> code</span></th>
<th scope="col"><abbr title="General Index of Financial Information">GIFI</abbr> name</th>
</tr><tr><td class="text-center"><b>Items&nbsp;2180 to 2183 </b>- (corporations only)</td>
<td>long-term amounts due from shareholder(s)/director(s), such as advances, loans, and notes</td>
</tr></thead><tbody><tr><td class="text-center"><b>2180</b></td>
<td><p><b>Due from shareholder(s)/director(s)</b></p>
<p><b><abbr title="General Index of Financial Information">GIFI</abbr>-Short:</b><br>
Include all amounts here that would have otherwise been reported under items&nbsp;2181 to 2183.</p>
</td>
</tr><tr><td class="text-center">2181</td>
<td>Due from individual shareholder(s)<br></td>
</tr><tr><td class="text-center">2182</td>
<td>Due from corporate shareholder(s)<br>
due from parent company</td>
</tr><tr><td class="text-center">2183</td>
<td>Due from director(s)<br></td>
</tr><tr><td class="text-center"><b>2190</b></td>
<td><b>Due from members</b><br>
advances, loans, and notes to members of co-operatives or credit unions. For cooperatives and credit unions.</td>
</tr><tr><td class="text-center"><b>2200</b></td>
<td><b>Investment in joint venture(s)/partnership(s)</b><br>
long-term investment or equity in joint venture(s), partnership(s), and syndicate(s)</td>
</tr><tr><td class="text-center"><b>Items&nbsp;2210 to 2214</b> - (partnerships only)</td>
<td>long-term advances/loans/notes between the partners and the partnership</td>
</tr><tr><td class="text-center"><b>2210</b></td>
<td><b>Due from member(s)/general partner(s)</b><span class="nowrap"><br></span></td>
</tr><tr><td class="text-center">2211</td>
<td>Due from limited partners<span class="nowrap"><br></span></td>
</tr><tr><td class="text-center">2212</td>
<td>Due from members that are partnerships<span class="nowrap"><br></span></td>
</tr><tr><td class="text-center">2213</td>
<td>Due from general partners<span class="nowrap"><br></span></td>
</tr><tr><td class="text-center">2214</td>
<td>Due from specified members who are not limited partners<span class="nowrap"><br></span></td>
</tr><tr><td class="text-center"><b>2220</b></td>
<td><b>Due from joint venture(s)/partnership(s)</b><br>
long-term amounts due from joint venture(s)/partnership(s), or syndicate(s), such as advances, loans, and notes</td>
</tr><tr><td class="text-center"><b>Items&nbsp;2240 to 2250</b></td>
<td><p>“Related parties” can refer to affiliate, associated, and subsidiary corporations.</p>
<p><b><u>Note</u></b><br>
Long-term investment in a parent company must be reported under the appropriate item in this block; however, item&nbsp;2182 – Due from corporate shareholder(s), must be used for long-term amounts due from a parent company.</p>
</td>
</tr><tr><td class="text-center"><b>2240</b></td>
<td><p><b>Due from/investment in related parties</b></p>
<p><b><abbr title="General Index of Financial Information">GIFI</abbr>-Short:</b><br>
Related parties can refer to affiliate, associated, and subsidiary corporations.</p>
<p><b><u>Note</u></b><br>
Long term investment in a parent company must be reported on line 2240, and long term amount due from a parent company must be reported on line 2180.</p>
<p>Include all amounts here that would have otherwise been reported under items 2241 to 2250.</p>
</td>
</tr><tr><td class="text-center">2241</td>
<td>Due from/investment in Canadian related parties</td>
</tr><tr><td class="text-center">2242</td>
<td>Shares in Canadian related corporations</td>
</tr><tr><td class="text-center">2243</td>
<td>Loans/advances to Canadian related corporations</td>
</tr><tr><td class="text-center">2244</td>
<td>Investment in Canadian related corporations at cost</td>
</tr><tr><td class="text-center">2245</td>
<td>Investment in Canadian related corporations at equity</td>
</tr><tr><td class="text-center">2246</td>
<td>Due from/investment in foreign related parties</td>
</tr><tr><td class="text-center">2247</td>
<td>Shares in foreign related corporations</td>
</tr><tr><td class="text-center">2248</td>
<td>Loans/advances to foreign related corporations</td>
</tr><tr><td class="text-center">2249</td>
<td>Investment in foreign related corporations at cost</td>
</tr><tr><td class="text-center">2250</td>
<td>Investment in foreign related corporations at equity</td>
</tr><tr><td class="text-center"><b>2280</b></td>
<td><b>Investment in co-tenancy</b><br>
investment in co-ownerships</td>
</tr><tr><td class="text-center"><b>2300</b></td>
<td><p><b>Long-term investments</b></p>
<p><b><abbr title="General Index of Financial Information">GIFI</abbr>-Short:</b><br>
Include all amounts here that would have otherwise been reported under items&nbsp;2301 to 2311.</p>
</td>
</tr><tr><td class="text-center">2301</td>
<td>Foreign shares</td>
</tr><tr><td class="text-center">2302</td>
<td>Other types of foreign investments<br>
foreign investments in joint ventures, partnerships, bonds, and debentures</td>
</tr><tr><td class="text-center">2303</td>
<td>Canadian shares</td>
</tr><tr><td class="text-center">2304</td>
<td>Government of Canada debt<br>
Government of Canada long-term bonds and debentures</td>
</tr><tr><td class="text-center">2305</td>
<td>Canadian, provincial, and municipal government debt</td>
</tr><tr><td class="text-center">2306</td>
<td>Canadian corporate bonds and debentures<br>
long-term bond coupons and bond deposits</td>
</tr><tr><td class="text-center"><b>Items&nbsp;2307 to 2310</b></td>
<td>For finance and insurance or management of companies industries</td>
</tr><tr><td class="text-center">2307</td>
<td>Debt securities<br></td>
</tr><tr><td class="text-center">2308</td>
<td>Equity securities<br></td>
</tr><tr><td class="text-center">2309</td>
<td>Securities purchased under resale agreements<br></td>
</tr><tr><td class="text-center">2310</td>
<td>Central credit union shares<br></td>
</tr><tr><td class="text-center">2311</td>
<td>Other Canadian long-term investments</td>
</tr><tr><td class="text-center"><b>Items&nbsp;2360 to 2364</b></td>
<td>For businesses that provide long-term loans such as those in the finance and insurance industries</td>
</tr><tr><td class="text-center"><b>2360</b></td>
<td><p><b>Long-term loans</b><br>
advances and notes shown long-term.</p>
<p><b><abbr title="General Index of Financial Information">GIFI</abbr>-Short:</b><br>
Include all amounts here that would have otherwise been reported under items&nbsp;2361 to 2364.</p>
</td>
</tr><tr><td class="text-center">2361</td>
<td>Mortgages<br></td>
</tr><tr><td class="text-center">2362</td>
<td>Personal and credit card loans<br></td>
</tr><tr><td class="text-center">2363</td>
<td>Business and government loans<br></td>
</tr><tr><td class="text-center">2364</td>
<td>Line of credit<br></td>
</tr><tr><td class="text-center"><b>2420</b></td>
<td><p><b>Other long-term assets</b><br>
investment tax credits, stock exchange seats, and utilities deposits</p>
<p><b><abbr title="General Index of Financial Information">GIFI</abbr>-Short:</b><br>
Include all amounts here that would have otherwise been reported under items&nbsp;2421 to 2427.</p>
</td>
</tr><tr><td class="text-center">2421</td>
<td>Future (deferred) income taxes (corporations only)<br>
income taxes applicable to future years, and reserve for income taxes, shown long-term</td>
</tr><tr><td class="text-center">2422</td>
<td>Deferred pension charges</td>
</tr><tr><td class="text-center">2423</td>
<td>Deferred unrealized exchange losses</td>
</tr><tr><td class="text-center">2424</td>
<td>Other deferred items/charges<br>
debt discount and expense, deferred development costs, deferred finance charges, deferred organization expense, lease inducements, tenant inducements, and cost on incomplete contracts</td>
</tr><tr><td class="text-center">2425</td>
<td>Accumulated amortization of deferred charges</td>
</tr><tr><td class="text-center">2426</td>
<td>Reserve fund</td>
</tr><tr><td class="text-center">2427</td>
<td>Cash surrender value of life insurance</td>
</tr><tr><td class="text-center"><b>2589</b></td>
<td><b>Total long-term assets</b></td>
</tr><tr><td class="text-center"><b>2590</b></td>
<td><b>Assets held in trust</b><br>
trust fund, trust assets, or funds held in escrow&nbsp;– Corporations such as collection agencies, funeral homes, insurance agencies, real estate agencies, travel agencies, and travel wholesalers must use this item. An amount reported under this item must have a balancing amount reported under <span class="nowrap">item 3470</span>&nbsp;– Amounts held in trust, in the liabilities section.</td>
</tr><tr><td class="text-center"><b>2599</b></td>
<td><b>Total assets</b><br>
This item represents the total of all current, capital, long term assets, and assets held in trust and <b>must</b> be reported (see <a href="#P261_52469">Validity check items</a>).</td>
</tr></tbody></table>

</div>
<div class="mwsbodytext text parbase section">


        <h3 id="P2028_11111">Liabilities</h3>


</div>
<div class="table parbase section">
<table class="table table-condensed table-responsive">
<caption><b>GIFI codes for Current liabilities</b></caption>
<thead><tr class="active"><th scope="col"><abbr title="General Index of Financial Information">GIFI</abbr> code</th>
<th scope="col"><abbr title="General Index of Financial Information">GIFI</abbr> name</th>
</tr></thead><tbody><tr><td class="text-center"><b>2600</b></td>
<td><b>Bank overdraft</b><br>
bank indebtedness</td>
</tr><tr><td class="text-center">2620</td>
<td><p><b>Amounts payable and accrued liabilities</b><br>
accrued liabilities, agreements payable, claims payable, rent payable, and utilities payable</p>
<p><b><abbr title="General Index of Financial Information">GIFI</abbr>-Short:</b><br>
Include all amounts here that would have otherwise been reported under items&nbsp;2621 to 2629, as well as agreements, claims, rent, and utilities payable.</p>
</td>
</tr><tr><td class="text-center">2621</td>
<td>Trade payables</td>
</tr><tr><td class="text-center">2622</td>
<td>Trade payables to related parties</td>
</tr><tr><td class="text-center">2623</td>
<td>Holdbacks payable</td>
</tr><tr><td class="text-center">2624</td>
<td>Wages payable</td>
</tr><tr><td class="text-center">2625</td>
<td>Management fees payable</td>
</tr><tr><td class="text-center">2626</td>
<td>Bonuses payable</td>
</tr><tr><td class="text-center">2627</td>
<td>Employee deductions payable<br>
payroll deductions for employee benefits such as employment insurance, Canada Pension Plan, Quebec Parental Insurance Plan, group insurance, and pension plans</td>
</tr><tr><td class="text-center">2628</td>
<td>Withholding taxes payable</td>
</tr><tr><td class="text-center">2629</td>
<td>Interest payable<br>
accrued interest payable</td>
</tr><tr><td class="text-center">2630</td>
<td>Amounts payable to members of <abbr title="non-profit organizations">NPOs</abbr><br>
This item is for corporations that are non-profit organizations to report amounts payable to members.</td>
</tr><tr><td class="text-center"><b>2680</b></td>
<td><b>Taxes payable</b><br>
capital taxes, foreign taxes, <abbr title="goods and services tax/harmonized sales tax">GST/HST</abbr>, current income taxes, logging taxes, sales taxes, and tax credits payable</td>
</tr><tr><td class="text-center"><b>2700</b></td>
<td><p><b>Short-term debt</b><br>
corporate loans, demand loans, loans from foreign banks, and notes payable shown short-term</p>
<p><b><abbr title="General Index of Financial Information">GIFI</abbr>-Short:</b><br>
Include all amounts here that would have otherwise been reported under items&nbsp;2701 to 2706, 2840, as well as corporate or demand loans, and loans from Canadian or foreign banks.</p>
</td>
</tr><tr><td class="text-center">2701</td>
<td>Loans from Canadian banks</td>
</tr><tr><td class="text-center"><b>Items&nbsp;2702 to 2704</b></td>
<td>For finance and insurance or management of companies industries</td>
</tr><tr><td class="text-center">2702</td>
<td>Liability for securities sold short<br></td>
</tr><tr><td class="text-center">2703</td>
<td>Liability for securities sold under repurchase agreements<br></td>
</tr><tr><td class="text-center">2704</td>
<td>Gold and silver certificates<br></td>
</tr><tr><td class="text-center">2705</td>
<td>Cheques and other items in transit</td>
</tr><tr><td class="text-center">2706</td>
<td>Lien notes</td>
</tr><tr><td class="text-center">2707</td>
<td><p>Credit card loans</p>
<p>Include purchases made on your credit card for the purpose of earning business income.</p>
</td>
</tr><tr><td class="text-center"><b>2770</b></td>
<td><b>Deferred income</b><br>
deferred capital or book gain, unearned income, unearned interest, unearned service charges, and unrealized foreign exchange gain shown current</td>
</tr><tr><td class="text-center"><b>Items&nbsp;2780 to 2783</b> - (corporations only)</td>
<td>Current amounts due to shareholder(s)/director(s), such as advances, loans, and notes</td>
</tr><tr><td class="text-center"><b>2780</b><sup id="tfnb9-rf">&nbsp; <span class="wb-inv">Footnote </span></sup></td>
<td><p><b>Due to shareholder(s)/director(s)</b></p>
<p><b><abbr title="General Index of Financial Information">GIFI</abbr>-Short:</b><br>
Include all amounts here that would have otherwise been reported under items&nbsp;2781 to 2789.</p>
</td>
</tr><tr><td class="text-center">2781</td>
<td>Due to individual shareholder(s)<br></td>
</tr><tr><td class="text-center">2782</td>
<td><p>Due to corporate shareholder(s)<br>
due to parent company</p>
</td>
</tr><tr><td class="text-center">2783</td>
<td>Due to director(s)</td>
</tr><tr><td class="text-center"><b>Items&nbsp;2790 to 2794</b> - (partnerships only)</td>
<td>current advances/loans/notes between the partnership and the partners</td>
</tr><tr><td class="text-center"><b>2790</b><sup id="tfnb10-rf">&nbsp; <span class="wb-inv">Footnote </span></sup></td>
<td><b>Due to member(s)/general partner(s)</b><br></td>
</tr><tr><td class="text-center">2791</td>
<td>Due to limited partners</td>
</tr><tr><td class="text-center">2792</td>
<td>Due to members that are partnerships<br></td>
</tr><tr><td class="text-center">2793</td>
<td>Due to general partners<br></td>
</tr><tr><td class="text-center">2794</td>
<td>Due to specified members who are not limited partners<br></td>
</tr><tr><td class="text-center"><b>2840</b></td>
<td><b>Due to joint venture(s)/partnership(s)</b><br>
current amounts due to joint venture(s)/partnership(s), and syndicate(s) such as advances, loans, and notes</td>
</tr><tr><td class="text-center"><b>Items&nbsp;2860 to 2863</b></td>
<td>“Related parties” can refer to affiliate, associated, and subsidiary corporations.</td>
</tr><tr><td class="text-center"><b>2860</b><sup id="tfnb11-rf">&nbsp; <span class="wb-inv">Footnote </span></sup></td>
<td><p><b>Due to related parties</b></p>
<p><b><abbr title="General Index of Financial Information">GIFI</abbr>-Short:</b><br>
Include all amounts here that would have otherwise been reported under items&nbsp;2861 to 2863.</p>
</td>
</tr><tr><td class="text-center">2861</td>
<td>Demand notes due to related parties</td>
</tr><tr><td class="text-center">2862</td>
<td>Interest payable to related parties</td>
</tr><tr><td class="text-center">2863</td>
<td>Advances due to related parties</td>
</tr><tr><td class="text-center"><b>2920</b></td>
<td><b>Current portion of long-term liability</b></td>
</tr><tr><td class="text-center"><b>2940</b></td>
<td><b>Bankers' acceptances</b><br>
for financial institutions&nbsp;– any amount reported under this item should be equal to the amount reported in Assets under item&nbsp;1460&nbsp;– Customers' liability under acceptances. For investment, finance, insurance, real estate, and management of companies industries.</td>
</tr><tr><td class="text-center"><b>2960</b></td>
<td><p><b>Other current liabilities</b><br>
progress payments shown current</p>
<p><b><abbr title="General Index of Financial Information">GIFI</abbr>-Short:</b><br>
Include all amounts here that would have otherwise been reported under items&nbsp;2961 to 2966, as well as deferred income and unearned income shown current.</p>
</td>
</tr><tr><td class="text-center">2961</td>
<td>Deposits received<br>
bids, contract deposits, rental deposits, tenders, and security deposits</td>
</tr><tr><td class="text-center">2962</td>
<td>Dividends payable</td>
</tr><tr><td class="text-center">2963</td>
<td>Future (deferred) income taxes (corporations only)<br>
income taxes applicable to future years and reserve for income taxes shown current</td>
</tr><tr><td class="text-center">2964</td>
<td>Reserves for guarantees, warranties, or indemnities</td>
</tr><tr><td class="text-center">2965</td>
<td>General provisions/reserves<br>
contingent liabilities, provision for losses on loans, and pension reserves shown current</td>
</tr><tr><td class="text-center">2966</td>
<td>Crew shares<br>
amounts reported as crew shares in the fishing industry</td>
</tr><tr><td class="text-center"><b>3139</b></td>
<td><b>Total current liabilities</b></td>
</tr></tbody></table>

</div>
<div class="table parbase section">
<table class="table table-condensed table-responsive">
<caption><b>GIFI codes for Long-term liabilities</b></caption>
<thead><tr class="active"><th scope="col"><abbr title="General Index of Financial Information">GIFI</abbr> code</th>
<th scope="col"><abbr title="General Index of Financial Information">GIFI</abbr> name</th>
</tr></thead><tbody><tr><td class="text-center"><b>3140</b></td>
<td><p><b>Long-term debt</b></p>
<p><b><abbr title="General Index of Financial Information">GIFI</abbr>-Short:</b><br>
Include all amounts here that would have otherwise been reported under items&nbsp;3141 to 3149, as well as advances; loans or notes shown long term, due to joint ventures or partnerships; liability for securities sold short, liability for securities sold under repurchase agreements, and lien notes.</p>
</td>
</tr><tr><td class="text-center">3141</td>
<td>Mortgages</td>
</tr><tr><td class="text-center">3142</td>
<td>Farm Credit Corporation loan</td>
</tr><tr><td class="text-center">3143</td>
<td>Chartered bank loan</td>
</tr><tr><td class="text-center">3144</td>
<td>Credit Union/Caisse Populaire loan</td>
</tr><tr><td class="text-center">3145</td>
<td>Provincial or territorial government loan</td>
</tr><tr><td class="text-center">3146</td>
<td>Supply company loan</td>
</tr><tr><td class="text-center">3147</td>
<td>Private loan</td>
</tr><tr><td class="text-center">3148</td>
<td>Central, league, and federation loans<br>
for finance and insurance industries</td>
</tr><tr><td class="text-center">3149</td>
<td>Line of credit</td>
</tr><tr><td class="text-center"><b>Items&nbsp;3150 and 3151</b></td>
<td>For investment, finance, insurance, real estate and management of companies industries.</td>
</tr><tr><td class="text-center">3150</td>
<td>Liability for securities sold short<br></td>
</tr><tr><td class="text-center">3151</td>
<td>Liability for securities sold under repurchase agreements<br></td>
</tr><tr><td class="text-center">3152</td>
<td>Lien notes</td>
</tr><tr><td class="text-center"><b>3200</b></td>
<td><b>Deposit liabilities of financial institutions</b><br>
This item applies to financial institutions and represents deposits made by customers. For investment, finance, insurance, real estate and management of companies industries.</td>
</tr><tr><td class="text-center"><b>3210</b></td>
<td><b>Bonds and debentures</b></td>
</tr><tr><td class="text-center"><b>3220</b></td>
<td><b>Deferred income</b><br>
deferred capital or book gain, unearned income, unearned interest, unearned service charges, and unrealized foreign exchange gain shown long-term</td>
</tr><tr><td class="text-center"><b>3240</b></td>
<td><b>Future (deferred) income taxes </b>(corporations only)<br>
income taxes applicable to future years and reserve for income taxes shown long-term</td>
</tr><tr><td class="text-center"><b>Items&nbsp;3260 to 3263</b> - (corporations only)</td>
<td>long-term amounts due to shareholder(s)/director(s), such as advances, loans, and notes</td>
</tr><tr><td class="text-center"><b>3260</b><sup id="tfnb12-rf">&nbsp; <span class="wb-inv">Footnote </span></sup></td>
<td><p><b>Due to shareholder(s)/director(s)</b></p>
<p><b><abbr title="General Index of Financial Information">GIFI</abbr>-Short:</b><br>
Include all amounts here that would have otherwise been reported under items&nbsp;3261 to 3263.</p>
</td>
</tr><tr><td class="text-center">3261</td>
<td>Due to individual shareholder(s)<br></td>
</tr><tr><td class="text-center">3262</td>
<td>Due to corporate shareholder(s)<br>
due to parent company</td>
</tr><tr><td class="text-center">3263</td>
<td>Due to director(s)<br></td>
</tr><tr><td class="text-center"><b>3270</b></td>
<td><b>Due to members</b><br>
advances, loans, and notes from members of co-operatives or credit unions</td>
</tr><tr><td class="text-center"><b>3280</b></td>
<td><b>Due to joint venture(s)/partnership(s)</b><br>
long-term amounts due to joint venture(s)/partnership(s), and syndicate(s) such as advances, loans, and notes</td>
</tr><tr><td class="text-center"><b>Items&nbsp;3291 to 3295</b> - (partnerships only)</td>
<td>long-term advances/loans/notes between the partnership and the partners</td>
</tr><tr><td class="text-center">3291<sup id="tfnb13-rf"> <span class="wb-inv">Footnote </span></sup></td>
<td>Due to member(s)/general partner(s)</td>
</tr><tr><td class="text-center">3292</td>
<td>Due to limited partners</td>
</tr><tr><td class="text-center">3293</td>
<td>Due to members that are partnerships</td>
</tr><tr><td class="text-center">3294</td>
<td>Due to general partners</td>
</tr><tr><td class="text-center">3295</td>
<td>Due to specified members who are not limited partners</td>
</tr><tr><td class="text-center"><b>Items&nbsp;3300 to 3302</b></td>
<td>“Related parties” can refer to affiliate, associated, and subsidiary corporations.</td>
</tr><tr><td class="text-center"><b>3300</b><sup id="tfnb14-rf">&nbsp; <span class="wb-inv">Footnote </span></sup></td>
<td><p><b>Due to related parties</b></p>
<p><b><abbr title="General Index of Financial Information">GIFI</abbr>-Short:</b><br>
Include all amounts here that would have otherwise been reported under items&nbsp;3301 and 3302.</p>
</td>
</tr><tr><td class="text-center">3301</td>
<td>Amounts owing to related Canadian parties</td>
</tr><tr><td class="text-center">3302</td>
<td>Amounts owing to related foreign parties</td>
</tr><tr><td class="text-center"><b>3320</b></td>
<td><p><b>Other long-term liabilities</b><br>
minority shareholder interest and other deferred credits shown long-term</p>
<p><b><abbr title="General Index of Financial Information">GIFI</abbr>-Short:</b><br>
Include all amounts here that would have otherwise been reported under items&nbsp;3321 to 3328.</p>
</td>
</tr><tr><td class="text-center">3321</td>
<td>Long-term obligations/commitments/capital leases</td>
</tr><tr><td class="text-center">3322</td>
<td>Reserves for guarantees, warranties, or indemnities</td>
</tr><tr><td class="text-center">3323</td>
<td>Provision for site restoration<br>
dismantlement and abandonment costs, future removal, and site restoration costs. For resource industries.</td>
</tr><tr><td class="text-center">3324</td>
<td>Contributions to qualifying environmental trust<br>
environmental trust, mine reclamation, and reclamation of waste disposal sites. For resource industries.</td>
</tr><tr><td class="text-center">3325</td>
<td>General provisions/reserves<br>
contingent liabilities, provision for losses on loans, and pension reserves shown long-term</td>
</tr><tr><td class="text-center">3326</td>
<td>Preference shares restated (corporations only)<br>
This item applies to preferred shares that have been restated as a liability and reported as a long&nbsp;– term liability.</td>
</tr><tr><td class="text-center">3327</td>
<td>Member allocations (corporations only)<br>
allocation to members of credit unions and co-operatives</td>
</tr><tr><td class="text-center">3328</td>
<td>Deferred revenue from incomplete contracts<br>
intended for contractors using the completion method of reporting revenue to report deferred revenue from incomplete contracts</td>
</tr><tr><td class="text-center"><b>3450</b></td>
<td><b>Total long-term liabilities</b></td>
</tr><tr><td class="text-center"><b>3460</b></td>
<td><b>Subordinated debt</b></td>
</tr><tr><td class="text-center"><b>3470</b></td>
<td><b>Amounts held in trust</b><br>
trust fund, trust liabilities, or funds held in escrow&nbsp;– Corporations such as collection agencies, funeral homes, insurance agencies, real estate agencies, travel agencies, and travel wholesalers would use this item. An amount reported under this item should have a balancing amount reported in item&nbsp;2590&nbsp;– Assets held in trust, in the assets section.</td>
</tr><tr><td class="text-center"><b>3499</b></td>
<td><b>Total liabilities</b><br>
This item represents the total of all current and long-term liabilities and <b>must</b> be reported (see <a href="#P261_52469">Validity check items</a>).</td>
</tr></tbody></table>

</div>
<div class="mwsbodytext text parbase section">


        <h4>Equity – (corporations only)</h4>


</div>
<div class="table parbase section">
<table class="table table-condensed table-responsive">
<caption><b>GIFI codes for Equity</b></caption>
<thead><tr class="active"><th scope="col"><abbr title="General Index of Financial Information">GIFI</abbr>&nbsp;code</th>
<th scope="col"><abbr title="General Index of Financial Information">GIFI</abbr> name</th>
</tr></thead><tbody><tr><td class="text-center"><b>3500</b></td>
<td><p><b>Common shares</b></p>
<p><b><abbr title="General Index of Financial Information">GIFI</abbr>-Short:</b><br>
Include stock other than preferred stock which entitles the owner to a share of the corporation’s profits and a share of the voting power in shareholder elections.</p>
</td>
</tr><tr><td class="text-center"><b>3520</b></td>
<td><p><b>Preferred shares</b></p>
<p><b><abbr title="General Index of Financial Information">GIFI</abbr>-Short:</b><br>
Include stock whose holders are guaranteed priority in the payment of dividends.</p>
</td>
</tr><tr><td class="text-center"><b>3540</b></td>
<td><p><b>Contributed and other surplus</b></p>
<p><b><abbr title="General Index of Financial Information">GIFI</abbr>-Short:</b><br>
Include all amounts here that would have otherwise appeared under items&nbsp;3541 to 3543.</p>
</td>
</tr><tr><td class="text-center">3541</td>
<td>Contributed surplus<br>
capital donations, capital grants, and paid-in surplus</td>
</tr><tr><td class="text-center">3542</td>
<td>Appraisal surplus<br>
excess of appraisal value over cost, revaluation account, and revaluation surplus</td>
</tr><tr><td class="text-center">3543</td>
<td>General reserve<br>
general reserves, inventory reserves, mortgage reserves, and security reserves</td>
</tr><tr><td class="text-center"><b>3570</b></td>
<td><b>Head office account</b><br>
home office account and head office investment</td>
</tr><tr><td class="text-center"><b>3580</b></td>
<td><b>Accumulated other comprehensive income</b><br>
For corporations and partnerships using either the pre-changeover accounting standards (Part V of the <abbr title="Canadian Institute of Chartered Accountants">CICA</abbr> Accounting Handbook) or the International Financial Reporting Standard (IFRS) (Part I of the <abbr title="Canadian Institute of Chartered Accountants">CICA</abbr> Accounting Handbook) when preparing their financial statements. Report the accumulated balance of all components of other comprehensive income. This includes revenues, expenses, gains, and losses that are recognized in comprehensive income, but are not included in net income.</td>
</tr><tr><td class="text-center"><b>3600</b></td>
<td><b>Retained earnings/deficit</b></td>
</tr><tr><td class="text-center"><b>3620</b></td>
<td><b>Total shareholder equity</b><br>
This item represents the sum of all shareholder equity amounts and <b>must</b> be reported (see <a href="#P261_52469">Validity check items</a>).</td>
</tr><tr><td class="text-center"><b>3640</b></td>
<td><b>Total liabilities and shareholder equity</b></td>
</tr></tbody></table>

</div>
<div class="mwsbodytext text parbase section">


        <h4>Partners' Capital&nbsp;– (partnerships only)</h4>


</div>
<div class="table parbase section">
<table class="table table-condensed table-responsive">
<caption><b>GIFI codes for Capital</b></caption>
<thead><tr class="active"><th scope="col"><abbr title="General Index of Financial Information">GIFI</abbr>&nbsp;code</th>
<th scope="col"><abbr title="General Index of Financial Information">GIFI</abbr> name</th>
</tr></thead><tbody><tr><td class="text-center"><b>3540</b></td>
<td><b>Contributed and other surplus</b></td>
</tr><tr><td class="text-center">3541</td>
<td>Contributed surplus<br>
capital donations, capital grants, and paid-in surplus</td>
</tr><tr><td class="text-center">3542</td>
<td>Appraisal surplus<br>
excess of appraisal value over cost, revaluation account, and revaluation surplus</td>
</tr><tr><td class="text-center">3543</td>
<td>General reserve<br>
general reserves, inventory reserves, mortgage reserves, and security reserves</td>
</tr><tr><td class="text-center"><b>3570</b></td>
<td><b>Head office account</b><br>
home office account and head office investment</td>
</tr><tr><td class="text-center"><b>3580</b></td>
<td><b>Accumulated other comprehensive income</b><br>
This item is intended for use by corporations and partnerships using either the pre–changeover accounting standards (Part V of the <abbr title="Canadian Institute of Chartered Accountants">CICA</abbr> Accounting Handbook) or International Financial Reporting Standards (IFRS) (Part I of the <abbr title="Canadian Institute of Chartered Accountants">CICA</abbr> Accounting Handbook) when preparing their financial statements. Report the accumulated balance of all components of other comprehensive income. This includes revenues, expenses, gains, and losses that are recognized in comprehensive income, but are not included in net income.</td>
</tr><tr><td class="text-center"><b>3545</b></td>
<td><b>Net income/loss</b><br>
Any amount reported under this item should be equal to the amount reported under item 9999&nbsp;– Net income/loss after extraordinary items. Exception: If there is an amount reported under item 9998, item 3545 should be equal to item 9999 plus or minus 9998.</td>
</tr><tr><td class="text-center"><b>3546</b></td>
<td><b>Prior period adjustments</b></td>
</tr><tr><td class="text-center"><b>3547</b></td>
<td><b>Currency adjustments</b></td>
</tr><tr><td class="text-center"><b>3548</b></td>
<td><b>Unusual revenue items</b></td>
</tr><tr><td class="text-center"><b>3550</b></td>
<td><b>Total net income/loss</b></td>
</tr><tr><td class="text-center"><b>3551</b></td>
<td><b>General partners’ capital beginning balance</b></td>
</tr><tr><td class="text-center"><b>3552</b></td>
<td><b>General partners’ net income (loss)</b></td>
</tr><tr><td class="text-center"><b>3553</b></td>
<td><b>General partners’ drawings</b></td>
</tr><tr><td class="text-center"><b>3554</b></td>
<td><b>General partners’ contributions during the fiscal period</b></td>
</tr><tr><td class="text-center"><b>3560</b></td>
<td><b>General partners’ capital ending balance</b></td>
</tr><tr><td class="text-center"><b>3561</b></td>
<td><b>Limited partners’ capital beginning balance</b></td>
</tr><tr><td class="text-center"><b>3562</b></td>
<td><b>Limited partners’ net income (loss)</b></td>
</tr><tr><td class="text-center"><b>3563</b></td>
<td><b>Limited partners’ drawings</b></td>
</tr><tr><td class="text-center"><b>3564</b></td>
<td><b>Limited partners’ contribution during the fiscal period</b></td>
</tr><tr><td class="text-center"><b>3571</b></td>
<td><b>Limited partners’ capital ending balance</b></td>
</tr><tr><td class="text-center"><b>3575</b></td>
<td><b>Total partners’ capital</b><br>
This item is the sum of all partner capital amounts and <b>must </b>be reported&nbsp;(see <a href="#P261_52469">Validity check items</a>).</td>
</tr><tr><td class="text-center"><b>3585</b></td>
<td><b>Total liabilities and partners’ capital</b></td>
</tr></tbody></table>

</div>
<div class="mwsbodytext text parbase section">


        <h3 id="P2028_22222">Retained Earnings Information (corporations only)</h3>


</div>
<div class="mwsbodytext text parbase section">


        <h4>Retained earnings/deficit – Codes 3660 to 3849<br></h4>


</div>
<div class="table parbase section">
<table class="table table-condensed table-responsive">
<caption><b>GIFI codes for Retained earnings/deficits</b></caption>
<thead><tr class="active"><th scope="col"><abbr title="General Index of Financial Information">GIFI</abbr>&nbsp;code</th>
<th scope="col"><abbr title="General Index of Financial Information">GIFI</abbr> name</th>
</tr></thead><tbody><tr><td class="text-center"><b>3660</b></td>
<td><b>Retained earnings/deficit&nbsp;– Start</b></td>
</tr><tr><td class="text-center"><b>3680</b></td>
<td><b>Net income/loss</b><br>
Any amount reported under this item should be equal to the amount reported under item&nbsp;9999&nbsp;– Net income/loss after taxes and extraordinary items. Exception: If there is an amount reported under item&nbsp;9998, item&nbsp;3680 should be equal to item&nbsp;9999 plus or minus item&nbsp;9998.</td>
</tr><tr><td class="text-center"><b>3700</b></td>
<td><p><b>Dividends declared</b><br>
liquidating dividends, premium paid on redemption of shares, and stock dividends declared on shares</p>
<p><b><abbr title="General Index of Financial Information">GIFI</abbr>-Short:</b><br>
Also include all amounts here that would have otherwise been reported under items&nbsp;3701 and 3702.</p>
</td>
</tr><tr><td class="text-center">3701</td>
<td>Cash dividends</td>
</tr><tr><td class="text-center">3702</td>
<td>Patronage dividends</td>
</tr><tr><td class="text-center"><b>3720</b></td>
<td><b>Prior period adjustments</b></td>
</tr><tr><td class="text-center"><b>3740</b></td>
<td><p><b>Other items affecting retained earnings</b><br>
dividends credited to investment account – If you choose to report dividends received in retained earnings rather than on the income statement, add the dividend back on Schedule 1, Net income (loss) for income tax purposes.</p>
<p><b><abbr title="General Index of Financial Information">GIFI</abbr>-Short:</b><br>
Include all amounts here that would have otherwise been reported under items&nbsp;3741 to 3744 as well as prior period adjustments.</p>
</td>
</tr><tr><td class="text-center">3741</td>
<td>Share redemptions</td>
</tr><tr><td class="text-center">3742</td>
<td>Special reserves (corporations and co-ops only)</td>
</tr><tr><td class="text-center">3743</td>
<td>Currency adjustments</td>
</tr><tr><td class="text-center">3744</td>
<td>Unusual revenue items</td>
</tr><tr><td class="text-center">3745</td>
<td>Interfund transfer<br>
This item is intended for corporations that are non-profit organizations to report fund amounts transferred to/from retained earnings from/to the income statement.</td>
</tr><tr><td class="text-center"><b>3849</b></td>
<td><b>Retained earnings/deficit&nbsp;– End</b><br>
This item represents the sum of all retained earnings amounts and <b>must</b> be reported if you are reporting retained earnings (see <a href="#P261_52469">Validity check items</a>). An amount reported under this item should be the same amount reported under item 3600 – Retained earnings/deficit.</td>
</tr></tbody></table>

</div>
<div class="mwsbodytext text parbase section">


        <h3 id="P2028_33333">Income Statement Information</h3>
<dl>
<dt><strong>0001 – Operating name</strong><br></dt><dd>Complete this section if the operating name is different from the corporation's or partnership's name (for example, <span class="nowrap">111111 Ontario Ltd</span>., operating as Maggie's Muffins).</dd> <dt><strong>0002&nbsp;– Description of the operation</strong></dt> <dd>Complete the description of the operation when reporting more than one income statement, and the activity is different from the major business activity. See <span class="nowrap"><a href="#appendix_B">Appendix B</a></span> of this guide for more information on reporting multiple lines of business.</dd> <dt><strong>0003&nbsp;– Sequence number</strong></dt> <dd>For more than one income statement, use sequence numbers for each statement : <span class="nowrap">number 01</span> for the income statement relating to the main activity, with supplementary income statements numbered consecutively <span class="nowrap">from 02</span>.</dd> </dl>


</div>
<div class="mwsbodytext text parbase section">


        <h3 id="P2028_44444">Other comprehensive income</h3>
<p><strong>Items 7000 to 7020</strong><br>
For corporations and partnerships using the International Financial Reporting Standards (IFRS). Other comprehensive income includes revenues, expenses, gains, and losses that are recognized in comprehensive income, but not included in net income. <span class="nowrap">Line 9998&nbsp;– &quot;Total other comprehensive income</span>&quot; is the sum of the following items:</p>


</div>
<div class="table parbase section">
<table class="table table-condensed table-responsive">
<caption><b>GIFI codes for Other comprehensive income</b></caption>
<thead><tr class="active"><th scope="col"><abbr title="General Index of Financial Information">GIFI</abbr> code</th>
<th scope="col"><abbr title="General Index of Financial Information">GIFI</abbr> name</th>
</tr></thead><tbody><tr><td class="text-center"><b>7000</b></td>
<td><b>Revaluation surplus</b><br>
change in carrying amount surplus as a result of revaluation of property, plant, and equipment, and intangible assets</td>
</tr><tr><td class="text-center"><b>7002</b></td>
<td><b>Defined benefit gains/losses</b><br>
actuarial gains and losses on defined benefit plans recognized in the period in which they occur</td>
</tr><tr><td class="text-center"><b>7004</b></td>
<td><b>Foreign operation translation gains/losses</b><br>
gains and losses arising from translating the financial statements of a foreign operation</td>
</tr><tr><td class="text-center"><b>7006</b></td>
<td><b>Equity instruments gains/losses</b><br>
subsequent changes in the fair market value of an investment in an equity instrument that is not held for trading</td>
</tr><tr><td class="text-center"><b>7008</b></td>
<td><b>Cash flow hedge effective portion gains/losses</b><br>
effective portion of gains and losses on hedging instruments in a cash flow hedge</td>
</tr><tr><td class="text-center"><b>7010</b></td>
<td><b>Income tax relating to components of other comprehensive income</b> (corporations only)<br>
tax relating to each component of other comprehensive income if reported before tax</td>
</tr><tr><td class="text-center"><b>7020</b></td>
<td><b>Miscellaneous other comprehensive income</b><br>
gains and losses relating to other comprehensive income not included in lines 7000 to 7008</td>
</tr></tbody></table>

</div>
<div class="mwsbodytext text parbase section">


        <h3 id="P2028_55555">Revenue</h3>


</div>
<div class="table parbase section">
<table class="table table-condensed table-responsive">
<caption><b>GIFI codes for Revenue</b></caption>
<thead><tr class="active"><th scope="col"><abbr title="General Index of Financial Information">GIFI</abbr>&nbsp;code</th>
<th scope="col"><abbr title="General Index of Financial Information">GIFI</abbr> name</th>
</tr></thead><tbody><tr><td class="text-center"><b>8000</b></td>
<td><b>Trade sales of goods and services</b><br>
For corporations or partnerships&nbsp;who are not involved in the resource industry (items&nbsp;8040 to 8053) or the fishing industry (items&nbsp;8160 to 8166), but whose main source of income is the sale of a product or service. Amounts may be reported net of discounts allowed on sales, sales rebates, volume discounts, returns, and allowances.</td>
</tr><tr><td class="text-center"><b>8020</b></td>
<td><b>Sales of goods and services to related parties</b><br>
See the explanation for item&nbsp;8000 above.</td>
</tr><tr><td class="text-center"><b>8030</b></td>
<td><b>Interdivisional sales</b></td>
</tr><tr><td class="text-center"><b>Items&nbsp;8040 to 8053</b></td>
<td>For resource industries</td>
</tr><tr><td class="text-center"><b>8040</b></td>
<td><b>Sales from resource properties </b><br></td>
</tr><tr><td class="text-center">8041</td>
<td>Petroleum and natural gas sales<b> </b><br></td>
</tr><tr><td class="text-center">8042</td>
<td>Petroleum and natural gas sales to related parties<b> </b><br></td>
</tr><tr><td class="text-center">8043</td>
<td>Gas marketing<b> </b><br></td>
</tr><tr><td class="text-center">8044</td>
<td>Processing revenue<b> </b><br></td>
</tr><tr><td class="text-center">8045</td>
<td>Pipeline revenue<b> </b><br></td>
</tr><tr><td class="text-center">8046</td>
<td>Seismic sales<b> </b><br></td>
</tr><tr><td class="text-center">8047</td>
<td>Mining revenue<b> </b><br></td>
</tr><tr><td class="text-center">8048</td>
<td>Coal revenue<b> </b><br></td>
</tr><tr><td class="text-center">8049</td>
<td>Oil sands revenue<b> </b><br></td>
</tr><tr><td class="text-center">8050</td>
<td>Royalty income<b> </b><br></td>
</tr><tr><td class="text-center">8051</td>
<td>Oil and gas partnership/joint venture income/loss<b> </b><br></td>
</tr><tr><td class="text-center">8052</td>
<td>Mining partnership/joint venture income/loss<b> </b><br></td>
</tr><tr><td class="text-center">8053</td>
<td>Other production revenue<br>
well operating fees and sulphur revenue.<br></td>
</tr><tr><td class="text-center"><b>8089</b></td>
<td><b>Total sales of goods and services</b></td>
</tr><tr><td class="text-center"><b>8090</b></td>
<td><p><b>Investment revenue</b></p>
<p><b><abbr title="General Index of Financial Information">GIFI</abbr>-Short:</b><br>
Include all amounts here that would have otherwise been reported under items&nbsp;8091 to 8094.</p>
</td>
</tr><tr><td class="text-center">8091</td>
<td>Interest from foreign sources<br>
This item may be reported as gross of withholding taxes – withholding taxes would then be reported under item&nbsp;9283&nbsp;– Withholding taxes.</td>
</tr><tr><td class="text-center">8092</td>
<td>Interest from Canadian bonds and debentures</td>
</tr><tr><td class="text-center">8093</td>
<td>Interest from Canadian mortgage loans</td>
</tr><tr><td class="text-center">8094</td>
<td>Interest from other Canadian sources<br>
finance income, guaranteed investment certificates interest, interest on overpaid taxes, and loan interest</td>
</tr><tr><td class="text-center">8095</td>
<td><p>Dividend income</p>
<p><b><abbr title="General Index of Financial Information">GIFI</abbr>-Short:</b><br>
Include all amounts here that would have otherwise been reported under items&nbsp;8096 and 8097.</p>
</td>
</tr><tr><td class="text-center">8096</td>
<td>Dividends from Canadian sources</td>
</tr><tr><td class="text-center">8097</td>
<td>Dividends from foreign sources<br>
may be reported gross of withholding taxes;&nbsp;withholding taxes would then be reported under item&nbsp;9283&nbsp;– Withholding taxes.</td>
</tr><tr><td class="text-center"><b>Items&nbsp;8100 to 8103</b></td>
<td>For finance and insurance industries</td>
</tr><tr><td class="text-center"><b>8100</b></td>
<td><b>Interest income (financial institutions) </b><br></td>
</tr><tr><td class="text-center">8101</td>
<td>Loan interest<b> </b><br></td>
</tr><tr><td class="text-center">8102</td>
<td>Securities interest<b> </b><br></td>
</tr><tr><td class="text-center">8103</td>
<td>Deposits with banks' interest<br></td>
</tr><tr><td class="text-center"><b>8120</b></td>
<td><p><b>Commission revenue</b><br>
commissions earned on the sale of products or services by businesses such as advertising agencies, brokers, insurance agents, lottery ticket sales, sales representatives, and travel agencies. Some corporations or partnerships&nbsp;may present sales and cost of sale on their income statement, with commission earned being the net amount. Report only the commission on the <abbr title="General Index of Financial Information">GIFI</abbr>. Compensation could also be reported under this item (for example, compensation for collecting sales tax).</p>
<div class="well well-lg brdr-rds-0"><h3 class="text-center">Example of commission revenue</h3>
<div class="brdr-rds-0 panel panel-default"><header class="panel-heading"><div class="row"><div class="col-xs-6 col-sm-6 col-md-6"><h4 class="mrgn-tp-0 mrgn-bttm-0">Description</h4>
</div>
<div class="col-xs-6 col-sm-6 col-md-6"><h4 class="mrgn-tp-0 mrgn-bttm-0 text-right">Amount</h4>
</div>
</div>
</header><div class="panel-body"><div class="row"><div class="col-xs-6 col-sm-6 col-md-6"><p>Lottery ticket sales</p>
</div>
<div class="col-xs-6 col-sm-6 col-md-6"><p class="text-right">$40,000</p>
</div>
</div>
<hr class="mrgn-bttm-sm mrgn-tp-0">

<div class="row"><div class="col-xs-6 col-sm-6 col-md-6"><p>Cost of lottery tickets</p>
</div>
<div class="col-xs-6 col-sm-6 col-md-6"><p class="text-right">25,000</p>
</div>
</div>
<hr class="mrgn-bttm-sm mrgn-tp-0">

<div class="row"><div class="col-xs-6 col-sm-6 col-md-6"><p>Commission</p>
</div>
<div class="col-xs-6 col-sm-6 col-md-6"><p class="text-right">$15,000</p>
</div>
</div>
<hr class="mrgn-bttm-sm mrgn-tp-0">

<div class="row"><div class="col-xs-6 col-sm-6 col-md-6"><p class="mrgn-bttm-0">This would be reported as:<br>
Item 8120 – Commission revenue</p>
</div>
<div class="col-xs-6 col-sm-6 col-md-6"><p class="text-right mrgn-bttm-0 mrgn-tp-lg">15,000</p>
</div>
</div>
</div>
</div>
<hr class="brdr-bttm">

</div>
<p><b><abbr title="General Index of Financial Information">GIFI</abbr>-Short:</b><br>
Also include all amounts under item&nbsp;8121.</p>
</td>
</tr><tr><td class="text-center">8121</td>
<td>Commission income on real estate transactions</td>
</tr><tr><td class="text-center"><b>8140</b></td>
<td><p><b>Rental revenue</b><br>
revenue from the rental of boats, hotel or motel rooms, machinery or equipment, and storage lockers</p>
<p><b><abbr title="General Index of Financial Information">GIFI</abbr>-Short:</b><br>
Also include all amounts here that would have otherwise been reported under items&nbsp;8141 to&nbsp;8150.</p>
</td>
</tr><tr><td class="text-center">8141</td>
<td>Real estate rental revenue<br>
amounts received as income from renting or leasing apartments, commercial buildings, land, office space, residential housing, and shopping centres. This item may also be used to report income from investments in co-tenancies and co-ownerships.</td>
</tr><tr><td class="text-center">8142</td>
<td>Film rental revenue</td>
</tr><tr><td class="text-center"><b>8150</b></td>
<td><b>Vehicle leasing</b> - for the automotive equipment rental and leasing sector&nbsp;– long-term vehicle leasing and short-term vehicle leasing. &nbsp;</td>
</tr><tr><td class="text-center"><b>Items 8160 to 8166</b></td>
<td>For the fishing industry</td>
</tr><tr><td class="text-center"><b>8160</b></td>
<td><p><b>Fishing revenue</b></p>
<p><b><abbr title="General Index of Financial Information">GIFI</abbr>-Short:</b><br>
Include all amounts here that would have otherwise been reported under items&nbsp;8161 to 8166.</p>
</td>
<td><b>&nbsp;</b></td>
</tr><tr><td class="text-center">8161</td>
<td>Fish products<b> </b><br></td>
</tr><tr><td class="text-center">8162</td>
<td>Other marine products<br>
Amounts received from the sale of flippers, herring roe, herring scales, Irish moss, kelp, seal meat, and seaweed.<br></td>
</tr><tr><td class="text-center">8163</td>
<td>Fishing grants, credits, and rebates<b> </b><br></td>
</tr><tr><td class="text-center">8164</td>
<td>Fishing subsidies<b> </b><br></td>
</tr><tr><td class="text-center">8165</td>
<td>Compensation for loss of fishing income or property<br>
Amounts received from The Atlantic Groundfish Strategy (TAGS) or insurance proceeds.<br></td>
</tr><tr><td class="text-center">8166</td>
<td>Sharesperson income<b> </b><br></td>
</tr><tr><td class="text-center"><b>Items&nbsp;8210 to&nbsp;8212</b> &nbsp;</td>
<td><p><b>Realized gains/losses on disposal of assets.</b></p>
<p>These items represent the net amount of proceeds over net book value on the disposal or sale of an asset.</p>
<p><b>Note<br></b>Losses on disposal/sale of assets shown as an expense should be reported under these items as a negative.</p>
<b></b></td>
</tr><tr><td class="text-center"><b>8210</b><sup id="tfnb15-rf"><span class="wb-inv">Footnote </span></sup></td>
<td><p><b>Realized gains/losses on disposal of assets</b><br>
gain/loss or profit/loss on disposal/sale of capital assets</p>
<p><b><abbr title="General Index of Financial Information">GIFI</abbr>-Short:</b><br>
Also include amounts under items&nbsp;8211 and&nbsp;8212, as well as book gains or losses, gain or loss on disposal of fixed assets, and recaptured depreciation.</p>
</td>
</tr><tr><td class="text-center">8211</td>
<td>Realized gains/losses on sale of investments<br>
profit/loss on disposal of investments or marketable securities</td>
</tr><tr><td class="text-center">8212</td>
<td>Realized gains/losses on sale of resource properties</td>
</tr><tr><td class="text-center"><b>Items&nbsp;8220 to&nbsp;8224</b></td>
<td>For non-profit organizations</td>
</tr><tr><td class="text-center"><b>8220</b></td>
<td><b><abbr title="non-profit organization">NPO</abbr> amounts received</b><br></td>
</tr><tr><td class="text-center">8221</td>
<td>Membership fees<br></td>
</tr><tr><td class="text-center">8222</td>
<td>Assessments<br></td>
</tr><tr><td class="text-center">8223</td>
<td>Gifts<br></td>
</tr><tr><td class="text-center">8224</td>
<td>Gross sales and revenues from organizational activities<br><br><b><abbr title="General Index of Financial Information">GIFI</abbr>-Short:</b><br>
Use field 8220 to report <abbr title="non-profit organization">NPO</abbr>s’ amounts received other than&nbsp;8221 to 8224.</td>
<td>&nbsp;</td>
</tr><tr><td class="text-center"><b>Items&nbsp;8230 to&nbsp;8250</b><br></td>
<td><p><b>Other revenue</b></p>
<p>This block of items is for secondary sources of income. Although there are items in this block that are often main sources of income, item&nbsp;8000 – Trade sales of goods and services, should still be used to report the main income.</p>
<section class="panel panel-default well"><header class="panel-heading"><h3 class="panel-title">Example</h3>
</header><div class="panel-body"><div class="mwsbodytext text parbase section"><p>A corporation or partnership whose main source of revenue is consulting fees would choose item&nbsp;8000&nbsp;– Trade sales of goods and services, to report this income; however, if the corporation's or partnership's&nbsp;main source of income is from architectural design, but there is secondary income from consulting, the architectural income would be reported under item&nbsp;8000 and the consulting income under item&nbsp;8241&nbsp;– Consulting fees.</p>
</div>
</div>
</section></td>
</tr><tr><td class="text-center"><b>8230</b><sup id="tfnb16-rf"><span class="wb-inv">Footnote </span></sup></td>
<td><p><b>Other revenue</b><br>
gains on settlement of a debt and miscellaneous revenue</p>
<p><b><abbr title="General Index of Financial Information">GIFI</abbr>-Short:</b><br>
Also include all amounts here that would have otherwise been reported under items&nbsp;8231, 8233, 8236, 8238 to 8241, and&nbsp;8243 to 8250.</p>
</td>
</tr><tr><td class="text-center">8231</td>
<td>Foreign exchange gains/losses<br>
amortization of deferred exchange gains and losses and realized gains and losses on foreign currency</td>
</tr><tr><td class="text-center">8232</td>
<td>Income/loss of subsidiaries/affiliates<br>
for corporations or partnerships that report investment in subsidiary corporations on the equity basis</td>
</tr><tr><td class="text-center">8233</td>
<td>Income/loss of other divisions</td>
</tr><tr><td class="text-center">8234</td>
<td>Income/loss of joint ventures<br>
for corporations or partnerships that report investments in joint ventures on the equity basis</td>
</tr><tr><td class="text-center">8235</td>
<td><p>Income/loss of partnerships<br>
for corporations or partnerships that report investments in partnerships on the equity basis</p>
<div class="panel panel-default"><div class="panel-heading"><h5 class="panel-title">Note</h5>
</div>
<div class="panel-body"><p>A loss on foreign exchange, subsidiaries/affiliates, other divisions, joint ventures, or partnerships shown as an expense should be reported under the appropriate item (items&nbsp;8231 to&nbsp;8235) as a negative.</p>
</div>
</div>
</td>
</tr><tr><td class="text-center">8236</td>
<td>Realization of deferred revenues<br>
realization of interest income, realization of instalment payments, and realization of service charges</td>
</tr><tr><td class="text-center">*8237</td>
<td><p>Royalty income other than resource<br>
royalty income or royalty fees from computer programs, copyrights, motion pictures, and patents</p>
<p>* Corporations, including non-profit organizations, can use this item to report royalties received.</p>
</td>
</tr><tr><td class="text-center">8238</td>
<td>Alberta royalty tax credits</td>
</tr><tr><td class="text-center">8239</td>
<td>Management and administration fees</td>
</tr><tr><td class="text-center">8240</td>
<td>Telecommunications revenue</td>
</tr><tr><td class="text-center">8241</td>
<td>Consulting fees</td>
</tr><tr><td class="text-center">*8242</td>
<td><p>Subsidies and grants<br>
government assistance and subsidy payments (for non-fishing corporations), federal, provincial, territorial, or municipal grants received</p>
<p>* Corporations, including non-profit organizations, and partnerships can use this item to report federal, provincial, territorial, or municipal grants received.</p>
<p>If COVID-19 related assistance is received, include it under item 8242.</p>
</td>
</tr><tr><td class="text-center">8243</td>
<td>Sale of by-products<br>
secondary income earned by a garage selling discarded oil or tires to be used for other than the intended use, or a restaurant selling discarded food as pig feed</td>
</tr><tr><td class="text-center"><b>Items&nbsp;8244 to 8246</b></td>
<td>For finance and insurance industries.</td>
</tr><tr><td class="text-center">8244</td>
<td>Deposit services<br></td>
</tr><tr><td class="text-center">8245</td>
<td>Credit services<br></td>
</tr><tr><td class="text-center">8246</td>
<td>Card services<br></td>
</tr><tr><td class="text-center">8247</td>
<td>Patronage dividends</td>
</tr><tr><td class="text-center">8248</td>
<td>Insurance recoveries<br>
life insurance proceeds on the death of insured executives</td>
</tr><tr><td class="text-center">8249</td>
<td>Expense recoveries</td>
</tr><tr><td class="text-center">8250</td>
<td>Bad debt recoveries</td>
</tr><tr><td class="text-center"><b>8299</b></td>
<td><b>Total revenue</b><br>
This item represents the sum of all revenue amounts and <b>must</b> be reported if there is no farming revenue (see <a href="#P261_52469">Validity check items</a>).</td>
</tr></tbody></table>

</div>
<div class="mwsbodytext text parbase section">


        <h4>Cost of sales</h4>


</div>
<div class="table parbase section">
<table class="table table-condensed table-responsive">
<caption><b>GIFI codes for Cost of sales</b></caption>
<thead><tr class="active"><th scope="col"><abbr title="General Index of Financial Information">GIFI</abbr>&nbsp;code</th>
<th scope="col"><abbr title="General Index of Financial Information">GIFI</abbr> name</th>
</tr></thead><tbody><tr><td class="text-center"><b>8300</b></td>
<td><p><b>Opening inventory</b></p>
<p><b><abbr title="General Index of Financial Information">GIFI</abbr>-Short:</b><br>
Include all amounts here that would have otherwise been reported under items&nbsp;8301 to 8303.</p>
</td>
</tr><tr><td class="text-center">8301</td>
<td>Opening inventory&nbsp;– Finished goods</td>
</tr><tr><td class="text-center">8302</td>
<td>Opening inventory&nbsp;–&nbsp;Raw materials</td>
</tr><tr><td class="text-center">8303</td>
<td>Opening inventory&nbsp;–&nbsp;Goods in process<br>
opening inventory&nbsp;–&nbsp;work in progress</td>
</tr><tr><td class="text-center"><b>8320</b></td>
<td><b>Purchases/cost of materials</b><br>
cost of merchandise sold, fuel and purchased power, manufacturing supplies used, materials, and merchandise purchased. The amounts related to this item may be reported net of discounts earned on purchases.</td>
</tr><tr><td class="text-center"><b>8340</b></td>
<td><b>Direct wages</b><br>
commissions, labour, production wages, and supervision when shown in cost of sales</td>
</tr><tr><td class="text-center"><b>8350</b></td>
<td><b>Benefits on direct wages</b></td>
</tr><tr><td class="text-center"><b>8360</b></td>
<td><b>Trades and sub-contracts</b><br>
contract labour, custom work, sub-contract labour, and outside labour</td>
</tr><tr><td class="text-center"><b>8370</b></td>
<td><b>Production costs other than resource</b></td>
</tr><tr><td class="text-center"><b>Items&nbsp;8400 to 8441</b></td>
<td>For resources industries</td>
</tr><tr><td class="text-center"><b>8400</b></td>
<td><b>Resource production costs</b><br>
gas processing, oil and gas operating expenses, oil and gas production, milling, smelting, and refining.</td>
</tr><tr><td class="text-center">8401</td>
<td>Pipeline operations<br></td>
</tr><tr><td class="text-center">8402</td>
<td>Drilling<br></td>
</tr><tr><td class="text-center">8403</td>
<td>Site restoration costs<br>
future removal costs.</td>
</tr><tr><td class="text-center">8404</td>
<td>Gross overriding royalty<br></td>
</tr><tr><td class="text-center">8405</td>
<td>Freehold royalties<br></td>
</tr><tr><td class="text-center">8406</td>
<td>Other producing properties rental<br>
freehold lease rentals and freehold delay rentals.</td>
</tr><tr><td class="text-center">8407</td>
<td>Prospect/geological<br>
digital processing, geochemical work, geophysical work, gravity meters, magnetic playbacks, seismographs, staking, and velocity surveys.</td>
</tr><tr><td class="text-center">8408</td>
<td>Well operating, fuel, and equipment<br></td>
</tr><tr><td class="text-center">8409</td>
<td>Well abandonment and dry holes<br></td>
</tr><tr><td class="text-center">8410</td>
<td>Other lease rentals<br></td>
</tr><tr><td class="text-center">8411</td>
<td>Exploration expenses<br>
aerial surveys</td>
</tr><tr><td class="text-center">8412</td>
<td>Development expenses<br>
stripping costs</td>
</tr><tr><td class="text-center"><b>8435</b></td>
<td><b>Crown charges</b><br></td>
</tr><tr><td class="text-center">8436</td>
<td>Crown royalties<br></td>
</tr><tr><td class="text-center">8437</td>
<td>Crown lease rentals<br></td>
</tr><tr><td class="text-center">8438</td>
<td>Freehold mineral tax<br></td>
</tr><tr><td class="text-center">8439</td>
<td>Mining taxes<br></td>
</tr><tr><td class="text-center">8440</td>
<td>Oil sand leases<br></td>
</tr><tr><td class="text-center">8441</td>
<td>Saskatchewan resource surcharge<br></td>
</tr><tr><td class="text-center"><b>8450</b></td>
<td><p><b>Other direct costs</b></p>
<p><b><abbr title="General Index of Financial Information">GIFI</abbr>-Short:</b><br>
Include all amounts here that would have otherwise been reported under items&nbsp;8451 to 8461.</p>
</td>
</tr><tr><td class="text-center">8451</td>
<td>Equipment hire and operation</td>
</tr><tr><td class="text-center"><b>Items&nbsp;8452 to 8455</b></td>
<td>For the forestry and logging industry</td>
</tr><tr><td class="text-center">8452</td>
<td>Log yard<br>
barker, bucking, clipper, log sorting, and sawing.</td>
</tr><tr><td class="text-center">8453</td>
<td>Forestry costs<br>
cutting, firefighting supplies, scaling, and silviculture.</td>
</tr><tr><td class="text-center">8454</td>
<td>Logging road costs<br>
road clearing, ploughing, and grating.</td>
</tr><tr><td class="text-center">8455</td>
<td>Stumpage costs<br></td>
</tr><tr><td class="text-center">8456</td>
<td>Royalty costs<br>
royalties paid to holders of copyrights, movies, patents, performing rights, and trademarks, found in cost of sales</td>
</tr><tr><td class="text-center">8457</td>
<td>Freight-in and duty<br>
customs and excise duty</td>
</tr><tr><td class="text-center">8458</td>
<td>Inventory write-down<br>
revaluation of inventory and inventory adjustments</td>
</tr><tr><td class="text-center">8459</td>
<td>Direct cost amortization of tangible assets<br>
amortization of leasehold improvements and amounts referred to as depreciation shown in cost of sales</td>
</tr><tr><td class="text-center">8460</td>
<td>Direct cost amortization of natural resource assets<br>
amounts referred to as depletion shown in cost of sales</td>
</tr><tr><td class="text-center">8461</td>
<td>Overhead expenses allocated to cost of sales<br>
amounts reported under cost of sales that are normally considered operating expenses</td>
</tr><tr><td class="text-center"><b>8500</b></td>
<td><p><b>Closing inventory</b></p>
<p><b><abbr title="General Index of Financial Information">GIFI</abbr>-Short:</b><br>
Include all amounts here that would have otherwise been reported under items&nbsp;8501 to 8503.</p>
</td>
</tr><tr><td class="text-center">8501</td>
<td>Closing inventory&nbsp;–&nbsp;Finished goods</td>
</tr><tr><td class="text-center">8502</td>
<td>Closing inventory&nbsp;–&nbsp;Raw materials</td>
</tr><tr><td class="text-center">8503</td>
<td>Closing inventory&nbsp;–&nbsp;Goods in process<br>
closing inventory&nbsp;–&nbsp;work in progress</td>
</tr><tr><td class="text-center"><b>8518</b></td>
<td><b>Cost of sales</b><br>
This item represents the sum of all cost of sales amounts.</td>
</tr><tr><td class="text-center"><b>8519</b></td>
<td><b>Gross profit/loss</b><br>
This item represents the net amount of item 8089&nbsp;– Total sales of goods and services, less item 8518&nbsp;– Cost of sales. It may also be referred to as gross margin.</td>
</tr></tbody></table>

</div>
<div class="mwsbodytext text parbase section">


        <h4>Operating expenses<br></h4>


</div>
<div class="table parbase section">
<table class="table table-condensed table-responsive">
<caption><b>GIFI codes for Operating expenses</b></caption>
<thead><tr class="active"><th scope="col"><abbr title="General Index of Financial Information">GIFI</abbr> code</th>
<th scope="col"><abbr title="General Index of Financial Information">GIFI</abbr> name</th>
</tr></thead><tbody><tr><td class="text-center"><b>8520</b></td>
<td><p><b>Advertising and promotion</b></p>
<p><b><abbr title="General Index of Financial Information">GIFI</abbr>-Short:</b><br>
Include all amounts here that would have otherwise been reported under items&nbsp;8521 to 8524.</p>
</td>
</tr><tr><td class="text-center">8521</td>
<td>Advertising<br>
catalogues, media expenses, and publications</td>
</tr><tr><td class="text-center">8522</td>
<td>Donations<br>
charitable donations, donations to the Crown, and political donations</td>
</tr><tr><td class="text-center">8523</td>
<td>Meals and entertainment<br>
tickets (such as theatre, concert, and athletic events.)</td>
</tr><tr><td class="text-center">8524</td>
<td>Promotion<br>
booths, demonstrations/presentations, displays, prospectus, samples, and seminars (given)</td>
</tr><tr><td class="text-center"><b>8570</b></td>
<td><b>Amortization of intangible assets</b><br>
amortization of intangible assets such as deferred charges, goodwill (before 2002), patents, franchises, copyrights, trademarks, organization costs, and research and development costs</td>
</tr><tr><td class="text-center"><b>8571</b></td>
<td><b>Goodwill impairment loss</b><br>
applies to 2002 and later tax years</td>
</tr><tr><td class="text-center"><b>8590</b></td>
<td><b>Bad debt expense</b><br>
allowance for bad debts, allowance/provision for doubtful accounts, bad debt, bad debt written-off, provision for bad debts, and reserve for bad debt</td>
</tr><tr><td class="text-center"><b>8610</b></td>
<td><b>Loan losses</b><br>
for loans, mortgages, and other loan-type amounts written off</td>
</tr><tr><td class="text-center">8611</td>
<td>Provision for loan losses<br>
provision/allowance for loan, mortgage, or credit losses</td>
</tr><tr><td class="text-center"><b>8620</b></td>
<td><p><b>Employee benefits</b><br>
association dues, clothing allowance, lodging, payroll deductions/levies/taxes, and room and board</p>
<p><b><abbr title="General Index of Financial Information">GIFI</abbr>-Short:</b><br>
Include all amounts here that would have otherwise been reported under items&nbsp;8621 to 8623.</p>
</td>
</tr><tr><td class="text-center">8621</td>
<td>Group insurance benefits<br>
medical, dental, and life insurance plans</td>
</tr><tr><td class="text-center">8622</td>
<td>Employer's portion of employee benefits<br>
Canada Pension Plan, company pension plan, employment insurance, Quebec Parental Insurance Plan, and Workers' Compensation</td>
</tr><tr><td class="text-center">8623</td>
<td>Contributions to deferred income plans<br>
contributions to a registered pension plan, a deferred profit sharing plan, an employee profit sharing plan, and a registered supplementary unemployment benefit plan</td>
</tr><tr><td class="text-center"><b>8650</b></td>
<td><b>Amortization of natural resource assets</b><br>
amounts referred to as depletion</td>
</tr><tr><td class="text-center"><b>8670</b></td>
<td><b>Amortization of tangible assets</b><br>
amortization of leasehold improvements and amounts referred to as depreciation</td>
</tr><tr><td class="text-center"><b>8690</b></td>
<td><b>Insurance</b><br>
bonding, fire insurance, liability insurance, premium expenses, property insurance, and vehicle insurance</td>
</tr><tr><td class="text-center">8691</td>
<td>Life insurance on executives<br>
insurance policies where the beneficiary is the corporation rather than the estate of the executive</td>
</tr><tr><td class="text-center"><b>8710</b></td>
<td><p><b>Interest and bank charges</b><br>
finance charges, bank charges, and interest payments on capital leases</p>
<p><b><abbr title="General Index of Financial Information">GIFI</abbr>-Short:</b><br>
Include all amounts here that would have otherwise been reported under items&nbsp;8711 to 8717.</p>
</td>
</tr><tr><td class="text-center">8711</td>
<td>Interest on short-term debt</td>
</tr><tr><td class="text-center">8712</td>
<td>Interest on bonds and debentures<br>
amortization of bond discounts</td>
</tr><tr><td class="text-center">8713</td>
<td>Interest on mortgages<br>
amortization of mortgage discount or expense</td>
</tr><tr><td class="text-center">8714</td>
<td>Interest on long-term debt</td>
</tr><tr><td class="text-center">8715</td>
<td>Bank charges</td>
</tr><tr><td class="text-center">8716</td>
<td>Credit card charges<br>
interest on credit cards</td>
</tr><tr><td class="text-center">8717</td>
<td>Collection and credit costs</td>
</tr><tr><td class="text-center"><b>Items&nbsp;8740 to 8742</b></td>
<td>For finance and insurance industries.</td>
</tr><tr><td class="text-center"><b>8740</b></td>
<td><b>Interest paid (financial institutions)</b><br></td>
</tr><tr><td class="text-center">8741</td>
<td>Interest paid on deposits<br></td>
</tr><tr><td class="text-center">8742</td>
<td>Interest paid on bonds and debentures<br></td>
</tr><tr><td class="text-center"><b>8760</b></td>
<td><p><b>Business taxes, licences, and memberships</b><br>
municipal taxes and land transfer taxes, beverage licences, business charges, motor vehicle licences, motor vehicle registration permits, and trade licences</p>
<p><b><abbr title="General Index of Financial Information">GIFI</abbr>-Short:</b><br>
Include all amounts here that would have otherwise been reported under items&nbsp;8761 to 8764.</p>
</td>
</tr><tr><td class="text-center">8761</td>
<td>Memberships<br>
dues and subscriptions</td>
</tr><tr><td class="text-center">8762</td>
<td>Business taxes<br>
business tax, provincial capital tax (excluding Nova&nbsp;Scotia tax on large corporations), bridge tolls, gross receipt tax, health and education tax, hospital tax, permits, road tolls, and taxes on leases</td>
</tr><tr><td class="text-center">8763</td>
<td>Franchise fees</td>
</tr><tr><td class="text-center">8764</td>
<td>Government fees</td>
</tr><tr><td class="text-center"><b>8790</b></td>
<td><b>Nova Scotia tax on large corporations</b></td>
</tr><tr><td class="text-center"><b>8810</b></td>
<td><p><b>Office expenses</b></p>
<p><b><abbr title="General Index of Financial Information">GIFI</abbr>-Short:</b><br>
Include all amounts here that would have otherwise been reported under items&nbsp;8811 to 8813.</p>
</td>
</tr><tr><td class="text-center">8811</td>
<td>Office stationery and supplies</td>
</tr><tr><td class="text-center">8812</td>
<td>Office utilities<br>
utility expenses related to an office such as electricity, gas, heating, hydro, and telephone</td>
</tr><tr><td class="text-center">8813</td>
<td>Data processing<br>
word processing</td>
</tr><tr><td class="text-center"><b>8860</b></td>
<td><p><b>Professional fees</b><br>
engineering fees, professional services, and surveyor fees</p>
<p><b><abbr title="General Index of Financial Information">GIFI</abbr>-Short:</b><br>
Include all amounts here that would have otherwise been reported under items&nbsp;8861 to 8877.</p>
</td>
</tr><tr><td class="text-center">8861</td>
<td>Legal fees<br>
lawyer and notary fees</td>
</tr><tr><td class="text-center">8862</td>
<td>Accounting fees<br>
bookkeeping</td>
</tr><tr><td class="text-center">8863</td>
<td>Consulting fees</td>
</tr><tr><td class="text-center">8864</td>
<td>Architect fees<br>
architectural design and illustration fees and landscape architect fees</td>
</tr><tr><td class="text-center">8865</td>
<td>Appraisal fees<br>
real estate and jewellery appraisal, and financial valuation services</td>
</tr><tr><td class="text-center">8866</td>
<td>Laboratory fees</td>
</tr><tr><td class="text-center">8867</td>
<td>Medical fees</td>
</tr><tr><td class="text-center">8868</td>
<td>Veterinary fees<br>
breeding fees</td>
</tr><tr><td class="text-center">8869</td>
<td>Brokerage fees</td>
</tr><tr><td class="text-center">8870</td>
<td>Transfer fees<br>
land and property transfer fees</td>
</tr><tr><td class="text-center">8871</td>
<td>Management and administration fees</td>
</tr><tr><td class="text-center">8872</td>
<td>Refining and assay</td>
</tr><tr><td class="text-center">8873</td>
<td>Registrar and transfer agent fees</td>
</tr><tr><td class="text-center">8874</td>
<td>Restructuring costs<br>
reorganization costs</td>
</tr><tr><td class="text-center">8875</td>
<td>Security commission fees</td>
</tr><tr><td class="text-center">8876</td>
<td>Training expense<br>
animal training, management training, and staff development</td>
</tr><tr><td class="text-center">8877</td>
<td>Studio and recording</td>
</tr><tr><td class="text-center"><b>8910</b></td>
<td><p><b>Rental</b><br>
rental expenses for arena, boat/vessel/ship, coal and lumberyards, railway sidings, safety deposit box/vaults, and parking charges</p>
<p><b><abbr title="General Index of Financial Information">GIFI</abbr>-Short:</b><br>
Include all amounts here that would have otherwise been reported under items&nbsp;8911 to 8918.</p>
</td>
</tr><tr><td class="text-center">8911</td>
<td>Real estate rental<br>
apartment, building, land, and office rentals</td>
</tr><tr><td class="text-center">8912</td>
<td>Occupancy costs</td>
</tr><tr><td class="text-center">8913</td>
<td>Condominium fees</td>
</tr><tr><td class="text-center">8914</td>
<td>Equipment rental<br>
rental expenses for computer equipment, film, office machines, and road and construction equipment</td>
</tr><tr><td class="text-center">8915</td>
<td>Motor vehicle rentals</td>
</tr><tr><td class="text-center">8916</td>
<td>Moorage (boat)<br>
dock and wharf space</td>
</tr><tr><td class="text-center">8917</td>
<td>Storage<br>
rental expense for garages and warehouses</td>
</tr><tr><td class="text-center">8918</td>
<td>Quota rental<br>
forestry and logging quota rental expenses</td>
</tr><tr><td class="text-center"><b>8960</b></td>
<td><p><b>Repairs and maintenance</b><br>
aircraft repairs and maintenance</p>
<p><b><abbr title="General Index of Financial Information">GIFI</abbr>-Short:</b><br>
Include all amounts here that would have otherwise been reported under items&nbsp;8961 to 8964.</p>
</td>
</tr><tr><td class="text-center">8961</td>
<td>Repairs and maintenance&nbsp;–&nbsp;Buildings<br>
premises upkeep</td>
</tr><tr><td class="text-center">8962</td>
<td>Repairs and maintenance&nbsp;– Vehicles</td>
</tr><tr><td class="text-center">8963</td>
<td>Repairs and maintenance&nbsp;– Boats</td>
</tr><tr><td class="text-center">8964</td>
<td>Repairs and maintenance&nbsp;– Machinery and equipment<br>
gas and power line repairs and maintenance</td>
</tr><tr><td class="text-center"><b>9010</b></td>
<td><b>Other repairs and maintenance</b><br>
janitorial services, landscaping, and yard maintenance</td>
</tr><tr><td class="text-center">9011</td>
<td>Machine shop expense</td>
</tr><tr><td class="text-center">9012</td>
<td>Road costs<br>
snow removal costs</td>
</tr><tr><td class="text-center">9013</td>
<td>Security&nbsp;-&nbsp;alarm system and surveillance equipment repairs and maintenance</td>
</tr><tr><td class="text-center">9014</td>
<td>Garbage removal</td>
</tr><tr><td class="text-center"><b>9060</b></td>
<td><p><b>Salaries and wages</b><br>
amounts not found in cost of sales such as administrative salaries, casual labour, cost of living allowance, down time, fees to employees, minimum wage levies, payroll remuneration, severance pay, supervision, and vacation pay</p>
<p><b><abbr title="General Index of Financial Information">GIFI</abbr>-Short:</b><br>
Include all amounts here that would have otherwise been reported under items 9061 to 9066.</p>
</td>
</tr><tr><td class="text-center">9061</td>
<td>Commissions</td>
</tr><tr><td class="text-center">9062</td>
<td>Crew share<br>
for the fishing industry</td>
</tr><tr><td class="text-center">9063</td>
<td>Bonuses<br>
incentive compensation</td>
</tr><tr><td class="text-center">9064</td>
<td>Directors fees</td>
</tr><tr><td class="text-center">9065</td>
<td>Management salaries<br>
officers' salaries</td>
</tr><tr><td class="text-center">9066</td>
<td>Employee salaries<br>
office salaries</td>
</tr><tr><td class="text-center"><b>9110</b></td>
<td><b>Sub-contracts</b><br>
contract labour, contract work, custom work, and hired labour</td>
</tr><tr><td class="text-center"><b>9130</b></td>
<td><b>Supplies</b><br>
medical supplies, veterinary drugs and supplies, wrapping and packing supplies</td>
</tr><tr><td class="text-center">9131</td>
<td>Small tools</td>
</tr><tr><td class="text-center">9132</td>
<td>Shop expense</td>
</tr><tr><td class="text-center">9133</td>
<td>Uniforms</td>
</tr><tr><td class="text-center">9134</td>
<td>Laundry<br>
dry-cleaning</td>
</tr><tr><td class="text-center">9135</td>
<td>Food and catering</td>
</tr><tr><td class="text-center">9136</td>
<td>Fishing gear</td>
</tr><tr><td class="text-center">9137</td>
<td>Nets and traps</td>
</tr><tr><td class="text-center">9138</td>
<td>Salt, bait, and ice</td>
</tr><tr><td class="text-center">9139</td>
<td>Camp supplies</td>
</tr><tr><td class="text-center"><b>9150</b></td>
<td><p><b>Computer-related expenses</b></p>
<p><b><abbr title="General Index of Financial Information">GIFI</abbr>-Short:</b><br>
Include all amounts here that would have otherwise been reported under items 9151 and 9152.</p>
</td>
</tr><tr><td class="text-center">9151</td>
<td>Upgrade<br>
updates to computer software</td>
</tr><tr><td class="text-center">9152</td>
<td>Internet</td>
</tr><tr><td class="text-center"><b>9180</b></td>
<td><b>Property taxes</b><br>
municipal and realty taxes</td>
</tr><tr><td class="text-center"><b>9200</b></td>
<td><b>Travel expenses</b><br>
airfare, hotel rooms, travel allowance, travel, and accommodations</td>
</tr><tr><td class="text-center">9201</td>
<td>Meetings and conventions<br>
seminars attended</td>
</tr><tr><td class="text-center"><b>9220</b></td>
<td><b>Utilities</b></td>
</tr><tr><td class="text-center">9221</td>
<td>Electricity<br>
hydro</td>
</tr><tr><td class="text-center">9222</td>
<td>Water</td>
</tr><tr><td class="text-center">9223</td>
<td>Heat</td>
</tr><tr><td class="text-center">9224</td>
<td>Fuel costs<br>
coal, diesel, fuel, natural gas, oil, and propane for heating and cooking</td>
</tr><tr><td class="text-center">9225</td>
<td>Telephone and telecommunications<br>
cellular telephone, fax machine, and pager</td>
</tr><tr><td class="text-center"><b>9270</b></td>
<td><p><b>Other expenses</b></p>
<p><b><abbr title="General Index of Financial Information">GIFI</abbr>-Short:</b><br>
Include all amounts here that would have otherwise been reported under items 9200 to 9285.</p>
</td>
</tr><tr><td class="text-center">9271</td>
<td>Cash over/short</td>
</tr><tr><td class="text-center">9272</td>
<td>Reimbursement of parent company expense (corporations only)<br>
portion of expenses owing to parent</td>
</tr><tr><td class="text-center">9273</td>
<td>Selling expenses</td>
</tr><tr><td class="text-center">9274</td>
<td>Shipping and warehouse expense</td>
</tr><tr><td class="text-center">9275</td>
<td>Delivery, freight, and express<br>
courier, customs, delivery and installation, distribution, ferry charges, freight and cartage, freight and duty, shipping and transportation</td>
</tr><tr><td class="text-center">9276</td>
<td>Warranty expenses<br>
guarantee costs</td>
</tr><tr><td class="text-center">9277</td>
<td>Royalty expenses&nbsp;– Resident<br>
amounts reported as non-resource royalties paid to Canadian residents such as copyrights, movies, patents, performing rights, and trademarks</td>
</tr><tr><td class="text-center">9278</td>
<td>Royalty expenses&nbsp;– Non-resident<br>
amounts reported as non-resource royalties paid to non-residents such as copyrights, movies, patents, performing rights, and trademarks</td>
</tr><tr><td class="text-center">9279</td>
<td>Dumping charges</td>
</tr><tr><td class="text-center">9280</td>
<td>Land fill fees</td>
</tr><tr><td class="text-center">9281</td>
<td>Vehicle expenses<br>
automobile expenses, gas, motor vehicle fuel, tires, and vehicle washing</td>
</tr><tr><td class="text-center">9282</td>
<td>Research and development</td>
</tr><tr><td class="text-center">9283</td>
<td>Withholding taxes</td>
</tr><tr><td class="text-center">9284</td>
<td>General and administrative expenses<br>
marketing and administration, office and general expenses, selling and administrative expenses</td>
</tr><tr><td class="text-center">9285</td>
<td>Interdivisional expenses</td>
</tr><tr><td class="text-center">9286</td>
<td>Interfund transfer<br>
This item is for corporations or partnerships including non-profit organizations to report fund amounts transferred to or from the income statement, from or to retained earnings.</td>
</tr><tr><td class="text-center"><b>9367</b></td>
<td><b>Total operating expenses</b><br>
This item represents the sum of all operating expense amounts.</td>
</tr><tr><td class="text-center"><b>9368</b></td>
<td><b>Total expenses</b><br>
This item <b>must</b> be reported if there are no farming expenses (see <a href="#P261_52469">Validity check items</a>). Any amount reported under this item should be equal to the amount reported under item&nbsp;8518&nbsp;– Cost of sales, plus the amount reported under item&nbsp;9367&nbsp;– Total operating expenses.</td>
</tr><tr><td class="text-center"><b>9369</b></td>
<td><b>Net non-farming income</b><br>
The amount reported should be equal to the amount reported under item&nbsp;8299&nbsp;– Total revenue, minus the amount reported under item&nbsp;9368&nbsp;– Total expenses.</td>
</tr></tbody></table>

</div>
<div class="mwsbodytext text parbase section">


        <h3 id="P2028_66666">Farming Income Statement Information</h3>
<p><strong>Cash vs. Accrual</strong><br>
As a farming corporation or partnership, you may choose to report your income using the cash method rather than the accrual method. If you are involved in more than one business activity, only your farming business can use the cash method.</p>


</div>
<div class="mwsbodytext text parbase section">


        <dl>
 <dt><strong>0001&nbsp;– Operating name</strong></dt> <dd>Complete this section if your operating name is different from the corporation's name (for example, <span class="nowrap">111111 Ontario Ltd</span>., operating as Maggie's Muffins).</dd> <dt><strong>0002 – Description of the operation</strong></dt> <dd>You must complete the description of the operation when you are reporting more than one income statement, and the activity is different than the major business activity. For more information on reporting multiple lines of business, see <span class="nowrap"><a href="#appendix_B">Appendix&nbsp;B</a></span>.</dd> <dt><strong>0003&nbsp;– Sequence number</strong></dt> <dd>For more than one income statement, use sequence numbers for each statement – <span class="nowrap">number 01</span> for the income statement relating to the main activity with supplementary income statements numbered consecutively <span class="nowrap">from 02</span>.</dd></dl>


</div>
<div class="mwsbodytext text parbase section">


        <h4>Farming revenue<br></h4>


</div>
<div class="table parbase section">
<table class="table table-condensed table-responsive">
<caption><b>GIFI codes for Farming revenue</b></caption>
<thead><tr class="active"><th scope="col"><abbr title="General Index of Financial Information">GIFI</abbr>&nbsp;code</th>
<th scope="col"><abbr title="General Index of Financial Information">GIFI</abbr> name</th>
</tr></thead><tbody><tr><td class="text-center"><b>9370</b></td>
<td><p><b>Grains and oilseeds</b><br>
mustard seed, rye, and sunflower seeds</p>
<p><b><abbr title="General Index of Financial Information">GIFI</abbr>-Short:</b><br>
Include all amounts here that would have otherwise been reported under items 9371 to 9379.</p>
</td>
</tr><tr><td class="text-center">9371</td>
<td>Wheat<br>
durum</td>
</tr><tr><td class="text-center">9372</td>
<td>Oats</td>
</tr><tr><td class="text-center">9373</td>
<td>Barley</td>
</tr><tr><td class="text-center">9374</td>
<td>Mixed grains</td>
</tr><tr><td class="text-center">9375</td>
<td>Corn</td>
</tr><tr><td class="text-center">9376</td>
<td>Canola</td>
</tr><tr><td class="text-center">9377</td>
<td>Flaxseed</td>
</tr><tr><td class="text-center">9378</td>
<td>Soya beans</td>
</tr><tr><td class="text-center">9379</td>
<td>Wheat Board payments</td>
</tr><tr><td class="text-center"><b>9420</b></td>
<td><p><b>Other crop revenues</b><br>
herbs, hops, and sugar beets</p>
<p><b><abbr title="General Index of Financial Information">GIFI</abbr>-Short:</b><br>
Also include all amounts from items 9421 to 9426.</p>
</td>
</tr><tr><td class="text-center">9421</td>
<td>Fruit</td>
</tr><tr><td class="text-center">9422</td>
<td>Potatoes</td>
</tr><tr><td class="text-center">9423</td>
<td>Vegetables</td>
</tr><tr><td class="text-center">9424</td>
<td>Tobacco</td>
</tr><tr><td class="text-center">9425</td>
<td>Greenhouse and nursery products<br>
greenhouse or nursery products such as flowers, greenhouse vegetables, horticultural products, ornamental plants, rooted cuttings, seeds and bulbs, shrubs, sod and turf, and trees</td>
</tr><tr><td class="text-center">9426</td>
<td>Forage crops<br>
alfalfa, alsike, clover, clover seeds, fescue, grass seed, hay, and timothy</td>
</tr><tr><td class="text-center"><b>9470</b></td>
<td><p><b>Livestock and animal products revenue</b><br>
revenue received from animal pelts, apiary operation, bison, chinchilla, deer, dog, elk, fox, goats, honey products, mink, market livestock income, rabbit, and wool</p>
<p><b><abbr title="General Index of Financial Information">GIFI</abbr>-Short:</b><br>
Include all amounts here that would have otherwise been reported under items 9471 to 9480.</p>
</td>
</tr><tr><td class="text-center">9471</td>
<td>Cattle<br>
revenue received from the sale of bulls, calves, and cows</td>
</tr><tr><td class="text-center">9472</td>
<td>Swine<br>
revenue received from the sale of hogs and pigs</td>
</tr><tr><td class="text-center">9473</td>
<td>Poultry<br>
revenue received from the sale of chicken, ducks, geese, and turkeys</td>
</tr><tr><td class="text-center">9474</td>
<td>Sheep and lambs</td>
</tr><tr><td class="text-center">9475</td>
<td>Pregnant mare urine (PMU)</td>
</tr><tr><td class="text-center">9476</td>
<td>Milk and cream (excluding dairy subsidies)</td>
</tr><tr><td class="text-center">9477</td>
<td>Eggs for consumption</td>
</tr><tr><td class="text-center">9478</td>
<td>Hatching eggs</td>
</tr><tr><td class="text-center">9479</td>
<td>Aquaculture (hatching and raising)</td>
</tr><tr><td class="text-center">9480</td>
<td>Horses (breeding and meat)<br>
revenue received from the sale of ponies, and other equine animals</td>
</tr><tr><td class="text-center"><b>9520</b></td>
<td><p><b>Other commodities</b><br>
revenue received from ginseng, mushrooms, ostriches, and stud services</p>
<p><b><abbr title="General Index of Financial Information">GIFI</abbr>-Short:</b><br>
Include all amounts here that would have otherwise been reported under items 9521 to 9524.</p>
</td>
</tr><tr><td class="text-center">9521</td>
<td>Maple products</td>
</tr><tr><td class="text-center">9522</td>
<td>Artificial insemination</td>
</tr><tr><td class="text-center">9523</td>
<td>Semen production</td>
</tr><tr><td class="text-center">9524</td>
<td>Embryo production<br>
revenue received from embryo transplants</td>
</tr><tr><td class="text-center"><b>9540</b></td>
<td><p><b>Program payment revenues</b><br>
Animal Contagious Diseases Act payments, farm subsidy, farm-support payments, grants, and stabilization subsidy</p>
<p><b><abbr title="General Index of Financial Information">GIFI</abbr>-Short:</b><br>
Also include amounts under items 9541 to 9546.</p>
</td>
</tr><tr><td class="text-center">9541</td>
<td>Dairy subsidies</td>
</tr><tr><td class="text-center">9542</td>
<td>Crop insurance<br>
insurance proceeds from federal or provincial programs for loss of crops</td>
</tr><tr><td class="text-center">9544</td>
<td>Disaster Assistance Program payments</td>
</tr><tr><td class="text-center">9545</td>
<td>AgriStability and AgriInvest benefit</td>
</tr><tr><td class="text-center">9546</td>
<td>Production insurance premium benefit</td>
</tr><tr><td class="text-center"><b>9570</b></td>
<td><p><b>Rebates</b></p>
<p><b><abbr title="General Index of Financial Information">GIFI</abbr>-Short:</b><br>
Include all amounts here that would have otherwise been reported under items 9571 to 9573, as well as resales and other rebates.</p>
</td>
</tr><tr><td class="text-center">9571</td>
<td>Rebates&nbsp;– Fuel</td>
</tr><tr><td class="text-center">9572</td>
<td>Rebates&nbsp;– Interest</td>
</tr><tr><td class="text-center">9573</td>
<td>Rebates&nbsp;– Property taxes</td>
</tr><tr><td class="text-center"><b>9600</b></td>
<td><p><b>Other farm revenues/losses</b><br>
sale of land, soil or stone, payment in kind, personal consumption benefit, and quality bonus</p>
<p><b><abbr title="General Index of Financial Information">GIFI</abbr>-Short:</b><br>
Include amounts under items 9601 to 9608, 9610 to 9614, and 9617.</p>
</td>
</tr><tr><td class="text-center">9601</td>
<td>Custom or contract work<br>
seed cleaning/drying/packing/treating, crop dusting or spraying, custom combining/harvesting, custom seeding, custom spraying, and custom trucking/hauling</td>
</tr><tr><td class="text-center">9602</td>
<td>Wood sales<br>
amounts reported as income from a farmer's woodlot such as Christmas trees, firewood, logs, lumber, and poles</td>
</tr><tr><td class="text-center">9603</td>
<td>Horse racing</td>
</tr><tr><td class="text-center">9604</td>
<td>Insurance proceeds<br>
insurance proceeds for the loss of a building to fire or the loss of livestock to disease</td>
</tr><tr><td class="text-center">9605</td>
<td>Patronage dividends<br>
certificate of indebtedness</td>
</tr><tr><td class="text-center">9606</td>
<td>Rental income<br>
building, land, machine, and pasture rental</td>
</tr><tr><td class="text-center">9607</td>
<td>Interest income</td>
</tr><tr><td class="text-center">9608</td>
<td>Dividend income</td>
</tr><tr><td class="text-center">9609</td>
<td><p>Gains/losses on disposal of assets<br>
book gains/losses, gain/loss on disposal of fixed assets, profit/loss on disposal of fixed assets, profit/loss on sale of investments, and recaptured depreciation</p>
<div class="panel panel-default"><div class="panel-heading"><h4 class="panel-title">Note</h4>
</div>
<div class="panel-body"><p>Losses on disposal/sale of assets shown as a farm expense should be reported under this item as a negative.</p>
</div>
</div>
</td>
</tr><tr><td class="text-center">9610</td>
<td>Gravel</td>
</tr><tr><td class="text-center">9611</td>
<td>Trucking</td>
</tr><tr><td class="text-center">9612</td>
<td>Resale of commodities purchased</td>
</tr><tr><td class="text-center">9613</td>
<td>Leases (such as gas, oil, well and surface)</td>
</tr><tr><td class="text-center">9614</td>
<td>Machine rentals</td>
</tr><tr><td class="text-center">9615</td>
<td>Farming partnership income/loss</td>
</tr><tr><td class="text-center">9616</td>
<td>Farming joint venture income/loss</td>
</tr><tr><td class="text-center">9617</td>
<td>Custom feeding</td>
</tr><tr><td class="text-center"><b>9650</b></td>
<td><b>Non-farming income</b><br>
If you are not using items&nbsp;8000 to 8299, use this item to report any non-farming income of a farming corporation.</td>
</tr><tr><td class="text-center"><b>9659</b></td>
<td><b>Total farm revenue</b><br>
This item represents the sum of all farm revenue amounts plus any amount under item&nbsp;9650 and <b>must</b> be reported if there are no amounts under any of items&nbsp;8000 to 8299 (see <a href="#P261_52469">Validity check items</a>).</td>
</tr></tbody></table>

</div>
<div class="mwsbodytext text parbase section">


        <h4>Farming expenses<br></h4>
<p><strong>Cost of Sales</strong><br>
The farming income and expense section of the <abbr title="General Index of Financial Information">GIFI</abbr> does not include an item for cost of sales. If a farming corporation has cost of sales with no breakdown, this should be reported under the most appropriate farm expense item.</p>


</div>
<div class="mwspanel section">


    <section class="panel panel-default well">
        <header class="panel-heading">
            <h4 class="panel-title">Example</h4>
        </header>

        <div class="panel-body">
            <div class="mwsbodytext text parbase section">


          <p>A cost of sales that consists mainly of hog purchases would be reported under <span class="nowrap">item 9712&nbsp;– Livestock purchases.</span></p>


</div>


        </div>


    </section>


</div>
<div class="table parbase section">
<table class="table table-condensed table-responsive">
<caption><b>GIFI codes for Farming expenses<br></b></caption>
<thead><tr class="active"><th scope="col"><abbr title="General Index of Financial Information">GIFI</abbr>&nbsp;code</th>
<th scope="col"><abbr title="General Index of Financial Information">GIFI</abbr> name</th>
</tr></thead><tbody><tr><td class="text-center"><b>9660</b></td>
<td><p><b>Crop expenses</b><br>
water purchases or water rights for irrigation, seed cleaning, and crop supplies</p>
<p><b><abbr title="General Index of Financial Information">GIFI</abbr>-Short:</b><br>
Include all amounts here that would have otherwise been reported under items&nbsp;9661 to 9664.</p>
</td>
</tr><tr><td class="text-center">9661</td>
<td>Containers, twine, and baling wire</td>
</tr><tr><td class="text-center">9662</td>
<td>Fertilizers and lime<br>
chemicals</td>
</tr><tr><td class="text-center">9663</td>
<td>Pesticides<br>
fungicides, herbicides, and insecticides</td>
</tr><tr><td class="text-center">9664</td>
<td>Seeds and plants</td>
</tr><tr><td class="text-center"><b>9710</b></td>
<td><p><b>Livestock expenses</b><br>
Dairy Herd Improvement Association animal grading, dairy, or livestock supplies</p>
<p><b><abbr title="General Index of Financial Information">GIFI</abbr>-Short:</b><br>
Include all amounts here that would have otherwise been reported under items&nbsp;9711 to 9714.</p>
</td>
</tr><tr><td class="text-center">9711</td>
<td>Feed, supplements, straw, and bedding<br>
purchased dairy rations and forage</td>
</tr><tr><td class="text-center">9712</td>
<td>Livestock purchases</td>
</tr><tr><td class="text-center">9713</td>
<td>Veterinary fees, medicine, and breeding fees<br>
artificial insemination, disease testing, embryo transplants, neutering, semen, spaying, and stud service</td>
</tr><tr><td class="text-center">9714</td>
<td>Minerals and salts</td>
</tr><tr><td class="text-center"><b>9760</b></td>
<td><p><b>Machinery expenses</b></p>
<p><b><abbr title="General Index of Financial Information">GIFI</abbr>-Short:</b><br>
Include all amounts here that would have otherwise been reported under items&nbsp;9761 to 9765.</p>
</td>
</tr><tr><td class="text-center">9761</td>
<td>Machinery insurance</td>
</tr><tr><td class="text-center">9762</td>
<td>Machinery licences</td>
</tr><tr><td class="text-center">9763</td>
<td>Machinery repairs</td>
</tr><tr><td class="text-center">9764</td>
<td>Machinery fuel<br>
lubricants</td>
</tr><tr><td class="text-center">9765</td>
<td>Machinery lease</td>
</tr><tr><td class="text-center"><b>9790</b></td>
<td><b>General farm expenses</b><br>
milk testing, negative farm support payments, and silage preservation<br><br><b><abbr title="General Index of Financial Information">GIFI</abbr>-Short:</b><br>
Include all amounts here that would have otherwise been reported under items 9793, 9796, 9797, 9800, 9802, 9803, 9806, 9817, 9821, 9822, 9823, 9825, 9826, 9827, 9830, 9831, and 9836.</td>
</tr><tr><td class="text-center">9791</td>
<td>Amortization of tangible assets<br>
amortization of leasehold improvements and amounts referred to as depreciation</td>
</tr><tr><td class="text-center">9792</td>
<td>Advertising, marketing costs, and promotion</td>
</tr><tr><td class="text-center">9793</td>
<td>Bad debt<br>
allowance for bad debts, allowance/provision for doubtful accounts, bad debt, bad debt written-off, provision for bad debts, and reserve for bad debt</td>
</tr><tr><td class="text-center">9794</td>
<td>Benefits related to employee salaries<br>
contributions to deferred income plans (<abbr title="deferred profit sharing plan">DPSP</abbr>/<abbr title="employee profit sharing plan">EPSP</abbr>/<abbr title="registered pension plan">RPP</abbr>), employer's portion of employee benefits (<abbr title="Canada Pension Plan">CPP</abbr>/<abbr title="employment insurance">EI</abbr>/<abbr title="Quebec Parental Insurance Plan">QPIP</abbr>/<abbr title="worker's compensation benefits">WCB</abbr>), group insurance benefits (dental/life/medical plans), payroll deductions, and lodging/room and board</td>
</tr><tr><td class="text-center">9795</td>
<td>Building repairs and maintenance</td>
</tr><tr><td class="text-center">9796</td>
<td>Clearing, levelling, and draining land<br>
expenses from building a road, digging/drilling a water well, installing land drainage, ploughing land, and bringing public utilities to the farm</td>
</tr><tr><td class="text-center">9797</td>
<td>Crop insurance, Revenue Protection Program, and stabilization premiums</td>
</tr><tr><td class="text-center">9798</td>
<td>Custom or contract work<br>
egg cleaning/grading/sorting/spraying, cheese aging, and contract harvesting/combining/crop dusting</td>
</tr><tr><td class="text-center">9799</td>
<td>Electricity</td>
</tr><tr><td class="text-center">9800</td>
<td>Fence repairs and maintenance</td>
</tr><tr><td class="text-center">9801</td>
<td>Freight and trucking<br>
delivery and distribution costs and shipping</td>
</tr><tr><td class="text-center">9802</td>
<td>Heating fuel and curing fuel<br>
coal, oil, natural gas, and fuel for curing tobacco/crop drying/greenhouses</td>
</tr><tr><td class="text-center">9803</td>
<td>Insurance program overpayment recapture</td>
</tr><tr><td class="text-center">9804</td>
<td>Other insurance premiums<br>
farm insurance, private crop insurance, livestock insurance, and business interruption insurance premiums</td>
</tr><tr><td class="text-center">9805</td>
<td>Interest and bank charges<br>
finance charges, interest on a farm loan, interest on long-term debt, and interest on a mortgage</td>
</tr><tr><td class="text-center">9806</td>
<td>Marketing board fees</td>
</tr><tr><td class="text-center">9807</td>
<td>Memberships/subscription fees<br>
association fees</td>
</tr><tr><td class="text-center">9808</td>
<td>Office expenses<br>
farm-related office expenses such as accounting/receipt books, invoices, and stationery</td>
</tr><tr><td class="text-center">9809</td>
<td>Professional fees<br>
amounts reported as farm-related expenses such as accounting/bookkeeping fees, data processing costs, and legal fees</td>
</tr><tr><td class="text-center">9810</td>
<td>Property taxes<br>
land, municipal, and realty taxes</td>
</tr><tr><td class="text-center">9811</td>
<td>Rent&nbsp;– Land and buildings</td>
</tr><tr><td class="text-center">9812</td>
<td><p>Rent&nbsp;– Machinery</p>
<p><b><abbr title="General Index of Financial Information">GIFI</abbr>-Short:</b><br>
Include all amounts under item 9813.</p>
</td>
</tr><tr><td class="text-center">9813</td>
<td>Other rental expenses</td>
</tr><tr><td class="text-center">9814</td>
<td><p>Salaries and wages</p>
<p><b><abbr title="General Index of Financial Information">GIFI</abbr>-Short:</b><br>
Include all amounts here that would have otherwise been reported under items 9815 and 9816, as well as salaries and wages paid to spouse.</p>
</td>
</tr><tr><td class="text-center">9815</td>
<td>Salaries and wages other than for spouse or dependants<br>
salaries for farmhand and self</td>
</tr><tr><td class="text-center">9816</td>
<td>Salaries and wages paid to dependants</td>
</tr><tr><td class="text-center">9817</td>
<td>Selling costs</td>
</tr><tr><td class="text-center">9818</td>
<td>Supplies</td>
</tr><tr><td class="text-center">9819</td>
<td>Motor vehicle expenses<br>
automobile expenses, gas, motor vehicle fuel, propane, tires, vehicle repairs and maintenance, and vehicle washing</td>
</tr><tr><td class="text-center">9820</td>
<td>Small tools</td>
</tr><tr><td class="text-center">9821</td>
<td>Soil testing</td>
</tr><tr><td class="text-center">9822</td>
<td>Storage/drying</td>
</tr><tr><td class="text-center">9823</td>
<td>Licences/permits</td>
</tr><tr><td class="text-center">9824</td>
<td>Telephone</td>
</tr><tr><td class="text-center">9825</td>
<td>Quota rental (tobacco, dairy)</td>
</tr><tr><td class="text-center">9826</td>
<td>Gravel</td>
</tr><tr><td class="text-center">9827</td>
<td>Purchases of commodities resold</td>
</tr><tr><td class="text-center">9828</td>
<td>Salaries and wages paid to spouse</td>
</tr><tr><td class="text-center">9829</td>
<td>Motor vehicle interest and leasing costs</td>
</tr><tr><td class="text-center">9830</td>
<td>Prepared feed</td>
</tr><tr><td class="text-center">9831</td>
<td>Custom feed</td>
</tr><tr><td class="text-center">9832</td>
<td><p>Amortization of intangible assets</p>
<p><b><abbr title="General Index of Financial Information">GIFI</abbr>-Short:</b><br>
Include all amounts under item 9833.</p>
</td>
</tr><tr><td class="text-center">9833</td>
<td>Amortization of milk quota</td>
</tr><tr><td class="text-center">9834</td>
<td>Travel expenses</td>
</tr><tr><td class="text-center">9835</td>
<td>Capital/business taxes</td>
</tr><tr><td class="text-center">9836</td>
<td>Commissions and levies</td>
</tr><tr><td class="text-center"><b>9850</b></td>
<td><b>Non-farming expenses</b><br>
If you are not using items&nbsp;8300 to 9368, use this item to report any non-farming expenses of a farming corporation.</td>
</tr><tr><td class="text-center"><b>9870</b></td>
<td><p><b>Net inventory adjustment</b><br>
This item may be used to report the farm's opening inventory less its closing inventory.</p>
<div class="panel panel-default"><div class="panel-heading"><h4 class="panel-title">Note</h4>
</div>
<div class="panel-body"><p>If the closing inventory is greater than the opening inventory, this item should be reported as a negative.</p>
</div>
</div>
</td>
</tr><tr><td class="text-center"><b>9898</b></td>
<td><b>Total farm expenses</b><br>
This item represents the sum of all farm expense amounts including any amount under item&nbsp;9850 and <b>must</b> be reported if there are no amounts under any of items&nbsp;8300 to 9368 (see <a href="#P261_52469">Validity check items</a>).</td>
</tr><tr><td class="text-center"><b>9899</b></td>
<td><b>Net farm income</b><br>
The amount reported should be equal to the amount reported under item&nbsp;9659&nbsp;– Total farm revenue, minus the amount reported under item&nbsp;9898&nbsp;– Total farm expenses.</td>
</tr><tr><td class="text-center"><b>9970</b></td>
<td><b>Net income/loss before taxes and extraordinary items</b><br>
This item represents the sum of item&nbsp;9369&nbsp;– Net non-farming income, and item&nbsp;9899&nbsp;– Net farm income.<br>
For partnerships this item is called <b>Net income/loss before extraordinary items.</b></td>
</tr></tbody></table>

</div>
<div class="mwsbodytext text parbase section">


        <h4>&nbsp;<strong>Extraordinary items and income taxes</strong></h4>


</div>
<div class="table parbase section">
<table class="table table-condensed table-responsive">
<caption><b>GIFI codes for Extraordinary items and taxes</b></caption>
<thead><tr class="active"><th scope="col"><abbr title="General Index of Financial Information">GIFI</abbr>&nbsp;code</th>
<th scope="col"><abbr title="General Index of Financial Information">GIFI</abbr> name</th>
</tr></thead><tbody><tr><td class="text-center"><b>9975</b></td>
<td><b>Extraordinary item(s)</b><br>
This item includes gains/losses resulting from events that:<ul>
<li>are not expected to occur regularly over a period of years</li>
<li>do not typify normal business activities</li>
<li>do not depend primarily on decisions or determinations by management</li>
</ul>
<p>Examples include the expropriation of a corporation's or partnership’s land and buildings for a highway, the destruction of a large portion of a wheat crop by a tornado, and an explosion in a nuclear reactor resulting in high-level radioactive emission.</p>
</td>
</tr><tr><td class="text-center"><b>9976</b></td>
<td><b>Legal settlements</b><br>
settlement of royalties</td>
</tr><tr><td class="text-center"><b>9980</b></td>
<td><b>Unrealized gains/losses</b><br>
unrealized gains/losses resulting from the adjustment of book values on the revaluation of assets</td>
</tr><tr><td class="text-center"><b>9985</b></td>
<td><b>Unusual items</b><br>
asset valuation adjustments such as write-downs and write-offs to net realizable values, items to be scrapped, and gains/losses from discontinued operations or wind-up of subsidiaries/affiliates. This item represents unusual and non-recurring items that do not meet the criteria set out for extraordinary gains/losses</td>
</tr><tr><td class="text-center"><b>9990</b></td>
<td><b>Current income taxes</b> (corporations only)<br>
Canadian income taxes, federal income/large corporation tax, previous year adjustment to federal income/large corporation tax, and provincial and territorial income taxes</td>
</tr><tr><td class="text-center"><b>9995</b></td>
<td><b>Future (deferred) income tax provision</b>&nbsp;(corporations only)<br>
Canadian income taxes deferred, provision for deferred income taxes, and provision for future income taxes</td>
</tr><tr><td class="text-center"><b>9998</b></td>
<td><b>Total-other comprehensive income</b><br>
This item is intended for use by corporations and partnerships using either the pre-changeover accounting standards (Part V of the <abbr title="Canadian Institute of Chartered Accountants">CICA</abbr> Accounting Handbook) or the International Financial Reporting Standards (IFRS) (Part I of the <abbr title="Canadian Institute of Chartered Accountants">CICA</abbr> Accounting Handbook) when preparing their financial statements. It represents the sum of:<ul>
<li>Item 7000 – Revaluation surplus</li>
<li>Item 7002 – Defined benefit gains/losses</li>
<li>Item 7004 – Foreign operation translation gains/losses</li>
<li>Item 7006 – Equity instruments gains/losses</li>
<li>Item 7008 – Cash flow hedge effective portion gains/losses</li>
<li>Item 7010 – Income tax relating to components of other comprehensive income</li>
<li>Item 7020 – Miscellaneous other comprehensive income</li>
</ul>
</td>
</tr><tr><td class="text-center"><b>9999</b></td>
<td><b>Net income/loss after taxes and extraordinary items</b><br>
For partnerships this item is called <b>Net income/loss after extraordinary items.</b><br>
This item represents the net amount of the following items:<ul>
<li>Item&nbsp;9970&nbsp;– Net income/loss before taxes and extraordinary items</li>
<li>Item&nbsp;9975&nbsp;– Extraordinary item(s)</li>
<li>Item&nbsp;9976&nbsp;– Legal settlements</li>
<li>Item&nbsp;9980&nbsp;– Unrealized gains/losses</li>
<li>Item&nbsp;9985 – Unusual items</li>
<li>Item&nbsp;9990&nbsp;– Current income taxes</li>
<li>Item&nbsp;9995&nbsp;– Future (deferred) income tax provision</li>
<li>Item 9998 – Total of other comprehensive income</li>
<li>Item 9999 <b>must</b> be reported (see <a class="nowrap" href="#P261_52469">Validity check items</a>)</li>
</ul>
</td>
</tr></tbody></table>

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