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.
This format allows the the CRA to perform electronic validations of information during the processing of T2 returns.
Additional Resources
For more information about GIFI, type GIFI in the online help index.
You can also review the CRA article on RC4088.