According to the CRA's T2 software specifications, the following GIFI codes are system-calculated only and cannot be overridden:
- 1599 - Total Current assets
- 2008 - Total tangible capital assets
- 2009 - Total accumulated amortization of tangible assets
- 2178 - Total intangible capital assets
- 2179 - Total accumulated amortization of intangible assets
- 2589 - Total long-term assets
- 2599 - Total Assets
- 3139 - Total current liabilities
- 3450 - Total long-term liabilities
- 3499 - Total liabilities
- 3600 - Retained earnings/deficits in the list
- 3620 - Total shareholder equity
- 3640 - Total liabilities and shareholder equity
- 3849 - Retained earnings/deficit - End
- 8089 - Total sales of goods and services
- 8299 - Total revenue
- 8300 - Opening inventory
- 8301 - Opening inventory - Finished goods
- 8302 - Opening inventory - Raw materials
- 8303 - Opening inventory - Goods in Process
- 8518 - Cost of sales
- 8519 - Gross profit / loss
- 9367 - Total operating expenses
- 9368 - Total expenses
- 9970 - Net income / loss before taxes and extraordinary items
- 9998 - Total - Other comprehensive income
- 9999 - Net income / loss after taxes and extraordinary items
- Income and expenses related with farming: 9369, 9659, 9898, 9899, 9970
How it's calculated
The listed GIFI codes above are calculated based on the entry of other GIFI codes. For example, GIFI 2008 is the total tangible capital assets, and represents the sum of all tangible assets reported. So as per the CRA, the breakdown of this tangible capital assets has to be entered, and the software will calculate the total.
For more information about GIFI, please visit the following General Index of Financial Information (GIFI).