Form T2 Schedule 125 "Income Statement Information (2010 and Later Tax Years)" - Canada

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Download Form T2 Schedule 125 "Income Statement Information (2010 and Later Tax Years)" - Canada

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Schedule 125
Income Statement Information
Code 1003
(2010 and later tax years)
Protected B
when completed
Tax year-end
Corporation's name
Business number
Year
Month
Day
• Use this schedule to report your income statement information.
• For more information, see guide RC4088, General Index of Financial Information (GIFI) and T4012, T2 Corporation – Income Tax Guide.
• If you need more space, attach additional schedules.
0001
Operating name
0002
Description of the operation
0003
Sequence number
*
01
Non-farming expenses
Non-farming expenses
Non-farming revenue
Cost of Sales
Operating Expenses
Field Code
Amount
Field Code
Amount
Field Code
Amount
**
8299
**
9368
* See page 3 of this schedule for information on field code 0003.
** Complete this field code if you are reporting non-farming revenue or non-farming expenses.
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T2 SCH 125 E (19)
(Ce document est disponible en français.)
Clear Data
Schedule 125
Income Statement Information
Code 1003
(2010 and later tax years)
Protected B
when completed
Tax year-end
Corporation's name
Business number
Year
Month
Day
• Use this schedule to report your income statement information.
• For more information, see guide RC4088, General Index of Financial Information (GIFI) and T4012, T2 Corporation – Income Tax Guide.
• If you need more space, attach additional schedules.
0001
Operating name
0002
Description of the operation
0003
Sequence number
*
01
Non-farming expenses
Non-farming expenses
Non-farming revenue
Cost of Sales
Operating Expenses
Field Code
Amount
Field Code
Amount
Field Code
Amount
**
8299
**
9368
* See page 3 of this schedule for information on field code 0003.
** Complete this field code if you are reporting non-farming revenue or non-farming expenses.
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T2 SCH 125 E (19)
(Ce document est disponible en français.)
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Protected B
when completed
Income Statement Information – continued
Extraordinary items
Farming revenue
Farming expenses – continued
and income taxes
Field Code
Amount
Field Code
Amount
Field Code
Amount
*
9659
**
9999
Farming expenses
Other comprehensive income
Field Code
Amount
Field Code
Amount
7000
7002
7004
*
9898
7006
7008
7010
7020
***
9998
* Complete this field code if you are reporting farming revenue or farming expenses.
** Complete this field code for all corporations.
*** If you used the International Financial Reporting Standards, you may have to report amounts under "Other comprehensive income."
Schedule 140
Summary Statement
(2010 and later tax years)
• Use this section of the schedule only to report the summary statement when you are submitting supplementary income statements.
• For information on supplementary income statements, see guide RC4088, Appendix B – Reporting multiple lines of business.
• If you need more space, attach additional schedules.
Field Code
Amount
Extraordinary items
and income taxes
****
9970
Field Code
Amount
****
9999
**** Complete this field code.
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Information
Field code 0003 is pre-printed on page 1 of this schedule. If you are submitting supplementary income statements, cross out the pre-printed 01 and complete
in sequential order. For information on reporting multiple lines of business using supplementary income statements, see Appendix B of guide RC4088.
Commonly used field codes
The following list contains commonly used GIFI income statement field codes. For a complete list of the GIFI codes, refer to Appendix A of guide RC4088.
Non-farming revenue and expenses
Non-farming revenue
Non-farming expenses – Operating expenses
Account description
Field Code
Account description
Field Code
Trade sales of goods and services
8000
Advertising and promotion
8520
Investment revenue
8090
Advertising
8521
Dividend income
8095
Meals and entertainment
8523
Commission revenue
8120
Amortization of intangible assets
8570
Rental revenue
8140
Bad debt expense
8590
Real estate rental revenue
8141
Employee benefits
8620
Realized gains/losses on disposal of assets
8210
Amortization of tangible assets
8670
Realized gains/losses on sale of investments
8211
Insurance
8690
Other revenue
8230
Interest and bank charges
8710
Income/loss of subsidiaries/affiliates
8232
Interest on long-term debt
8714
Total revenue
8299
Bank charges
8715
Business taxes
8762
Office expenses
8810
Non-farming expenses – Cost of sales
Professional fees
8860
Account description
Field Code
Accounting fees
8862
Management and administration fees
8871
Opening inventory
8300
Real estate rental
8911
Purchases/cost of materials
8320
Equipment rental
8914
Direct wages
8340
Repairs and maintenance
8960
Trades and sub-contracts
8360
Repairs and maintenance – buildings
8961
Other direct costs
8450
Salaries and wages
9060
Freight-in and duty
8457
Management salaries
9065
Closing inventory
8500
Supplies
9130
Cost of sales
8518
Property taxes
9180
Gross profit/loss
8519
Travel expenses
9200
Utilities
9220
Telephone and communications
9225
Other expenses
9270
Vehicle expenses
9281
General and administrative expenses
9284
Total operating expenses
9367
Total expenses
9368
Net non-farming income
9369
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Commonly used field codes (continued)
The following list contains commonly used GIFI income statement field codes. For a complete listing of the GIFI codes, see Appendix A of guide RC4088.
Farming revenue and expenses
Farming revenue
Farming expenses
Account description
Field Code
Account description
Field Code
Grains and oilseeds
9370
Fertilizers and lime
9662
Wheat
9371
Seeds and plants
9664
Barley
9373
Feed, supplements, straw, and bedding
9711
Corn
9375
Livestock purchases
9712
Other crop revenues
9420
Veterinary fees, medicine, and breeding fees
9713
Fruit
9421
Machinery fuel
9764
Vegetables
9423
General farm expenses
9790
Cattle
9471
Amortization of tangible assets
9791
Poultry
9473
Advertising, marketing costs, and promotion
9792
Milk and cream (excluding dairy subsidies)
9476
Building repairs and maintenance
9795
Program payment revenues
9540
Custom or contract work
9798
Other farm revenues/losses
9600
Electricity
9799
Rental income
9606
Other insurance premiums
9804
Interest income
9607
Interest and bank charges
9805
Total farm revenue
9659
Professional fees
9809
Property taxes
9810
Rent – land and buildings
9811
Salaries and wages
9814
Motor vehicle expenses
9819
Telephone
9824
Net inventory adjustment
9870
Total farm expenses
9898
Net farm income
9899
Extraordinary items and income taxes
Other comprehensive income
Account description
Field Code
Account description
Field Code
Extraordinary items
9975
Revaluation surplus
7000
Current income taxes
9990
Defined benefit gains/losses
7002
Future (deferred) income tax provision
9995
Foreign operation translation gains/losses
7004
Net income/loss after taxes and extraordinary items
9999
Equity instruments gains/losses
7006
Cash flow hedge effective portion gains/losses
7008
Income tax relating to components of other
7010
comprehensive income
Miscellaneous other comprehensive income
7020
Total – other comprehensive income
9998
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