  GIFI |
The general index of financial information (GIFI) is an extensive list of financial statement items where each has a unique code (e.g. cash is "1001"). Use the keyword GIFI to indicate the GIFI source.
The following options are applicable for the keyword GIFI.
DT Max - manual entry
Import
Use the keyword GIFI-File to indicate the file name of the GIFI data to be imported.
Use this keyword to indicate whether or not DT Max should automatically update the NETINCOME and CAPITAL groups with the information from the GIFI.
The following options are applicable for the keyword Synchronize..
Use the keyword IFRS-Prep to indicate whether or not the partnership used the International Financial Reporting Standards (IFRS) when it prepared its financial statements. This information is needed for purposes of the federal return.
If this keyword is not used, DT Max will default to "No".
The following options are applicable for the keyword IFRS-Prep.
Use the keyword GIFI-Form to select the GIFI form that will be completed.
The following options are applicable for the keyword GIFI-Form.
Use the keyword Name-Op to enter the operating name of the operation reported on in the supplementary income statement.
Use the keyword Descr-Op to enter the description of the operations reported on the supplementary income statement.
Use the keyword Sequence to enter the sequence number of the supplementary income statement.
Use the keyword GIFI-Field to enter the field and amount pertaining to the GIFI form chosen with the keyword GIFI-Form.
For information on the DT Max GIFI editor, click here .
Use the keyword ID-Person-FinInfo to indicate whether or not you can identify the person primarily involved with financial information.
A person primarily involved with the financial information is a person who has more than a 50% involvement in preparing the financial information that the T2 return is based on. For example, if three persons prepared the financial information by doing respectively 30%, 30%, and 40% of the work, answer no at line 111. If they did respectively 10%, 20%, and 70% of the work, answer yes at line 111 and complete Part 1 by referring only to the third person.
The following options are applicable for the keyword ID-Person-FinInfo.
Use the keyword Accountant to indicate the type of accounting practitioner that is involved in the preparation of the partnership's financial statements, and whether they are connected with the partnership.
To be connected with the partnership, a person must be (i) a member of the partnership who owns more than 10% of the partnership units; (ii) an employee of the partnership; or (iii) a person not dealing at arm's length with the partnership.
The following options are applicable for the keyword Accountant.
Professional designation - connected
Professional designation - not connected
No professional designation - connected
No professional designation - not connected
A notes checklist is a short set of questions designed to determine who prepared the financial statements and the extent of their involvement.
Use the keyword Checklist to indicate the level of involvement of the accounting practitioner.
In addition, all notes to the financial statements must be submitted with the GIFI data.
The following options are applicable for the keyword Checklist.
Auditor's report without reservation
Auditor's report with reservation
Review engagement report without reservation
Review engagement report with reservation
Compilation engagement
Provided accounting services
Provided bookkeeping services
Other (specify)
Use the keyword GIFI-Other to select all GIFI checklist items that apply to the partnership.
The following options are applicable for the keyword GIFI-Other.
101 Notes to financial statements
104 Partnership had subsequent events
105 Partnerhip re-evaluated assets during fiscal period
106 Partnership had contingent liabilities
107 Partnership had commitments in fiscal period
108 Partnership had investment in joint venture
109 Filing statements of joint venture
250 Derecognized financial instruments
255 Hedge accounting applied
260 Hedge accounting discontinued
265 Adjustments to opening equity
310 Prof. design. who prepared return & financial info. Choose this option if you are the accountant with a professional designation and are not associated with the financial statements in Part 1 of Schedule 141 and has prepared the tax return and the financial information (financial statements have not been prepared).
311 Prof. design. who prepared return (client provided F/S) Choose this option if you are the accountant with a professional designation and are not associated with the financial statements in Part 1 of Schedule 141 and has prepared the tax return (financial statements prepared by client).
312 Prof. design. who prepared return (client provided TB)
313 Prof. design. who prepared return (client provided G/L)
314 Prof. design. who prepared return - other (specify)
Use the keyword Impair&FVChange to indicate that there is an amount recognized in net income or other comprehensive income (OCI) as a result of an impairment loss in the year, a reversal of an impairment loss recognized in a previous year, or a change in fair value during the year for assets.
The following options are applicable for the keyword Impair&FVChange.
Use the keyword In-NetIncome to enter the amount recognized in net income for the specific asset as a result of an impairment loss in the year, a reversal of an impairment loss recognized in a previous year, or a change in fair value during the year.
Enter an increase using a positive amount and a decrease using a negative amount.
The following options are applicable for the keyword In-NetIncome.
Use the keyword In-OCI to enter the amount recognized in other comprehensive income for the specific asset as a result of an impairment loss in the year, a reversal of an impairment loss recognized in a previous year, or a change in fair value during the year.
Enter an increase using a positive amount and a decrease using a negative amount.
The following options are applicable for the keyword In-OCI.
Use the keyword GIFI-Notes to enter any notes to the financial statements.
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GIFI-File 
GIFI-Form 
Name-Op