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The GIFI consists of items you find on a balance sheet and on an income statement. The amount of a required item may be nil.

Item 9999 – Net income/loss after taxes and extraordinary items.Item 3849 – Retained earnings/deficit – End.When reporting a breakdown of retained earnings (corporations only) Item 3575 – Total partners' capital (partnerships only).Item 3620 – Total shareholder equity (corporations only).Each GIFI must include the following items: You have to provide certain line items so that we can check the above equations. total farm revenue − total farm expenses = net farm income.total revenue − total expenses = net non-farming income.total assets = total liabilities + total equity (partners' capital for partnerships).We use the following rules to check the information you provide: Formal disputes (objections and appeals).Authorizing the withdrawal of a pre-determined amount from your Canadian chequing account.Example 4 - Completed Financial statement notes checklist for a partnership.Example 3 - Completed notes checklist for a corporation.Example 2 - Financial statements for a partnership.Example 1 - Financial statements for a corporation.Appendix D – Examples of using the GIFI.Using the same GIFI item on different statements.Completing the main and supplementary income statements.Appendix B – Reporting multiple lines of business.Appendix A – Complete listing of the GIFI items.Part 1 – Information on the accountant who prepared, or reported on, the financial statements.How do you complete the GIFI-Short (T1178)?.Part 2 – Type of involvement with the financial statements.Part 1 – Information on the accountant who prepared or reported on the financial statements.Reporting an amount that combines two or more items.T5013 SCH 141, Financial Statement Notes Checklist.T5013 SCH 125, Income Statement Information.T5013 SCH 100, Balance Sheet Information.