Guide to the General Index of Financial Information ... - New Learner

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2704 Gold and silver certificates2705 Cheques and other items in transit2706 Lien notes2707 Credit card loans2770 Deferred incomedeferred capital or book gain, unearned income,unearned interest, unearned service charges, andunrealized foreign exchange gain shown currentItems 2780 to 2783 – current amounts due toshareholder(s)/director(s), such as advances, loans, or notes2780 Due to shareholder(s)/director(s)2781 Due to individual shareholder(s)2782 Due to corporate shareholder(s)due to parent company2783 Due to director(s)2840 Due to joint venture(s)/partnership(s)current amounts due to joint venture(s)/partnership(s),and syndicate(s) such as advances, loans, or notesItems 2860 to 2863 – Related parties can refer to affiliate,associated, and subsidiary corporations.2860 Due to related parties2861 Demand notes due to related parties2862 Interest payable to related parties2863 Advances due to related parties2920 Current portion of long-term liability2940 Bankers’ acceptancesfor financial institutions – any amount reported in thisitem should be equal to the amount reported in Assets asItem 1460 – Customers’ liability under acceptances2960 Other current liabilitiesprogress payments shown current2961 Deposits receivedbids, contract deposits, rental deposits, tenders, andsecurity deposits2962 Dividends payable2963 Future (deferred) income taxesincome taxes applicable to future years and reserve forincome taxes shown current2964 Reserves for guarantees, warranties, or indemnities2965 General provisions/reservescontingent liabilities, provision for losses on loans, andpension reserves shown current2966 Crew shares3139 Total current liabilitiesLong-term liabilities3140 Long-term debt3141 Mortgages3142 Farm credit corporation loan3143 Chartered bank loan3144 Credit Union/Caisse Populaire loan3145 Provincial or territorial government loan3146 Supply company loan3147 Private loan3148 Central, league, and federation loans3149 Line of credit3150 Liability for securities sold short3151 Liability for securities sold under repurchaseagreements3152 Lien notes3200 Deposit liabilities of financial institutionsapplies to financial institutions and represents depositsmade by customers3210 Bonds and debentures3220 Deferred incomedeferred capital or book gain, unearned income,unearned interest, unearned service charges, andunrealized foreign exchange gain shown long term3240 Future (deferred) income taxesincome taxes applicable to future years and reserve forincome taxes shown long termItems 3260 to 3263 – long-term amounts due toshareholder(s)/director(s), such as advances, loans, or notes3260 Due to shareholder(s)/director(s)3261 Due to individual shareholder(s)3262 Due to corporate shareholder(s)due to parent company3263 Due to director(s)3270 Due to membersadvances, loans, or notes from members of co-operativesor credit unions3280 Due to joint venture(s)/partnership(s)long-term amounts due to jointventure(s)/partnership(s), and syndicate(s) such asadvances, loans, or notesItems 3300 to 3302 – Related parties can refer to affiliate,associated, and subsidiary corporations.3300 Due to related parties3301 Amounts owing to related Canadian parties3302 Amounts owing to related foreign parties3320 Other long-term liabilitiesminority shareholder interest and other deferred creditsshown long term3321 Long-term obligations/commitments/capitalleases3322 Reserves for guarantees, warranties, or indemnities3323 Provision for site restorationdismantlement and abandonment costs, future removal,and site restoration costs3324 Contributions to qualifying environmental trustenvironmental trust, mine reclamation, and reclamationof waste disposal sites3325 General provisions/reservescontingent liabilities, provision for losses on loans, andpension reserves shown long term3326 Preference shares restatedapplies to preferred shares that have been restated as aliability and reported as a long-term liability16www.cra.gc.ca
3327 Member allocationsallocation to members of credit unions and co-operatives3328 Deferred revenue from incomplete contractsintended for contractors using the completion method ofreporting revenue to report deferred revenue fromincomplete contracts3450 Total long-term liabilities3460 Subordinated debt3470 Amounts held in trusttrust fund, trust liabilities, or funds held in escrow,corporations such as collection agencies, funeral homes,insurance agencies, real estate agencies, travel agencies,and travel wholesalers would use this item – an amountreported in this item should have a balancing amountreported in Item 2590 – Assets held in trust, in theassets section3499 Total liabilitiesthis item represents the total of all current andlong-term liabilities and must be reported (see “Validitycheck items” on page 5)Shareholder equity3500 Common shares3520 Preferred shares3540 Contributed and other surplus3541 Contributed surpluscapital donations, capital grants, and paid-in surplus3542 Appraisal surplusexcess of appraisal value over cost, revaluation account,and revaluation surplus3543 General reservegeneral reserves, inventory reserves, mortgage reserves,and security reserves3570 Head office accounthome office account and head office investment3600 Retained earnings/deficit3620 Total shareholder equitythis item represents the sum of all shareholder equityamounts and must be reported (see “Validity checkitems” on page 5)3640 Total liabilities and shareholder equityRetained Earnings InformationRetained earnings/deficit3660 Retained earnings/deficit – start3680 Net income/lossany amount reported in this item should be equal to theamount reported at Item 9999 – Net income/loss aftertaxes and extraordinary items3720 Prior period adjustments3740 Other items affecting retained earningsdividends credited to investment account –if you choose to report dividends received in retainedearnings rather than on the income statement add thedividend back on Schedule 1 – Net income (loss) forincome tax purposes3741 Share redemptions3742 Special reserves3743 Currency adjustments3744 Unusual revenue items3745 Interfund transferintended for corporations that are non-profitorganizations to report fund amounts transferredto/from retained earning from/to the income statement3849 Retained earnings/deficit – endthis item represents the sum of all retained earningsamounts and must be reported if you are reportingretained earnings (see “Validity check items” on page 5)– an amount reported in this item should be the sameamount reported in Item 3600 – Retainedearnings/deficit, in the shareholder equity sectionIncome Statement Information0001 Operating namecomplete this section if the operating name is differentfrom the corporation name (e.g., 111111 Ontario Ltd.,operating as Maggie’s Muffins)0002 Description of the operationcomplete the description of the operation when reportingmore than one income statement, and the activity isdifferent from the major business activity – refer toAppendix B of this guide for more information onreporting multiple lines of business0003 Sequence Numberfor more than one income statement, use sequencenumbers for each statement – number 01 for the incomestatement relating to the main activity withsupplementary income statements numberedconsecutively from 02Revenue8000 Trade sales of goods and servicesthis item is for corporations who are not involved in theresource industry (Items 8040 to 8053) or the fishingindustry (Items 8160 to 8166), but whose main sourceof income is the sale of a product or service – amounts inmay be reported net of discounts allowed on sales, salesrebates, volume discounts, returns, and allowances8020 Sales of goods and services to related partiessee explanation for item 8000 above8030 Interdivisional sales3700 Dividends declaredliquidating dividends, premium paid on redemption ofshares, and stock dividends declared on shares3701 Cash dividends3702 Patronage dividendswww.cra.gc.ca 17
Page 5 and 6: General InformationWho can use the
Page 8 and 9: Notes to the financial statementsYo
Page 11 and 12: Part 2 - GIFI code and amount sent
Page 13: Items 1400 to 1403 - Related partie
Page 18 and 19: 8040 Sales from resource properties
Page 20 and 21: 8452 Log yardbarker, bucking, clipp
Page 24: 9711 Feed, supplements, straw, and
Page 28 and 29: Part 21001 Operating Name: Manufact

Guide to the General Index of Financial Information ... - New Learner

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