Entering General Index of Financial Information (GIFI) codes in Pro Tax

GIFI stands for General Index of Financial Information - an extensive and standardized list of financial statement items in which each item has a unique code. The CRA's goal in developing the GIFI is to provide a list of financial statement items that would allow corporations to report information from their balance sheets, income statements and statements of retained earnings.

Corporations make use of GIFI codes when preparing balance sheets (S100), or financial statements (S125).

In either the S100 or S125, a GIFI code is selected by using dropdown boxes under each code: Assets, Liabilities, Equity, and Revenue.

Due to CRA software specifications, some GIFI codes will only be entered as a sum of other codes and amounts cannot be manually entered. They will be calculated automatically by Pro Tax. See here for a list.

How to find correct GIFI codes based on Keywords

To locate GIFI codes that may need to be used in a return, you may refer to the CRA’s GIFI code list here.

Within the GIFI code list, you can search for specific keywords to find GIFI codes. This can be done by selecting CTRL + F on your keyboard. A search bar appears in the top right corner of your browser.

Further support

For more information on finding which GIFI codes to use, please contact the CRA’s business tax support line at 1-800-959-5525.