About General Rate Income Pool (GRIP) Balances

Schedule 53, General Rate Income Pool (GRIP) Calculation is used by Canadian-Controlled Private Corporations (CCPC) and Deposit Insurance Corporations (DIC) to calculate the General Rate Income Pool (GRIP). The GRIP is a balance that generally reflects taxable income that has not benefited from the section 125 small business deductions or any of certain other special tax rates.

The GRIP at the end of the tax year is from line 590 of the Schedule 53 corresponding to the tax year end.