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

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