Corporate Linking (CGI Worksheet)

Updated: 2023-01-19

Corporate linking shares information between associated/related corporations. The data sharing is live when both files are open on your screen, or you can edit the files separately and update them later. For a one-time copy and paste of the Corporate Group Information (CGI) worksheet, see Smart Copy/Paste.

  1. Prepare the Corporate Group Information (CGI) worksheet in a T2 return.
  2. Go to the Data tab and click Corporate Linking, then Create CGI file. This creates a separate corporate linking file with a .CGILink file extension.
  3. Save the CGI file in the same location as the tax return. If you need to share this file with other people on your network, make sure to save it to a location that those people have permissions to access it.
  4. Open a T2 return for a corporation listed on the CGI worksheet and click Import CGI file in the Corporate Linking menu (or, drag and drop the file onto the TaxCycle window). TaxCycle brings in the information from the CGI link file and creates a live link to it.
    Create CGI File
  5. From this point on, TaxCycle considers the linked returns as either Source or Target. Each group can have only one Source, but it may have as many Targets as appear on the CGI worksheet. Check the message at the top of the CGI worksheet to see whether the corporation you are working on is the Source or a Target. Click the link in this message to open the related file(s).
    Source and target messages
  6. If the Target file gets out of sync with the Source file, review messages highlight the differences.
    CGI form does not match latest corporate data
  7. If you change the CGI worksheet in the return of a Target corporation, it breaks the link. TaxCycle warns and suggests re-enabling it.
    Take values from CGI file and reactivate live link
  8. To cancel the link to the CGI file, click Cancel CGI Link in the Corporate Linking menu.