Why is the income statement (Form 101) divided into Canadian and Non-Canadian operations?
The income statement (Form 101) must match your audited financial statements. A company’s financial statements could include both Canadian and non-Canadian operations. Information gathered in Form 101 is used for contribution purposes and telecom fees, as well as the monitoring of telecommunications services in Canada. The latter two, however are interested in your Canadian operations only. As the income statement is requested on a non-consolidated basis only, for most companies, non-Canadian operations should be immaterial and need not be split from the total.
