What is Schedule 141, General Index of Financial Information (GIFI) - Additional Information

Schedule 141, General Index of Financial Information (GIFI) - Additional Information, is a set of questions designed to determine who is primarily involved with the financial information and the extent of their involvement, and whether they expressed any reservations. It also provides other information about the corporation and on the person who prepared the T2 return.

Include any notes to the financial statements and the auditor or accountant's report, if they were prepared. You have to include this information even if you are filing your return using tax preparation software.

Helpful hints for completing Schedule 141

Part 1 – Information on the person primarily involved with the financial information

If you answer yes to line 111 (you can identify the person primarily involved with the financial information), you need to answer all the questions in Part 1.

If you answer no to line 111, go directly to Part 2 – Type of involvement.

Part 2 – Type of involvement

Choose one or more of the options listed in Part 2 that represent your involvement and that of the person referred to in Part 1.

Part 3 – Reservations

If you selected "Completed an auditor's report" or "Completed a review engagement report" in Part 2 – Type of involvement, answer question 099 "Has the person referred to in Part 1 expressed a reservation?"

Part 4 – Other information

Fill in Part 4 to determine if notes to the financial statements were prepared and to provide other information about the corporation.

Part 5 – Information on the person who prepared the T2 return

If the person who prepared the T2 return has a professional designation in accounting but is not the person identified in Part 1, choose one or more of the options listed in Part 5 that apply.

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