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Table 2: Industry 01 - Agriculture, Forestry, Fishing and Hunting, T2 (Form 200) Corporation Income Tax Statistics (amounts in millions of dollars)
| Tax Item | T2 Line number(s) | 2001 | 2002 | 2003 | 2004 | 2005 |
|---|---|---|---|---|---|---|
| Number of tax filers | 58660 | 60275 | 61518 | 62107 | 62286 | |
| Net income or loss for income tax purposes (excluding exempt income) | 300 minus exempt income | 2071.2 | 2650.7 | 2041.2 | 3166.5 | 2912.8 |
| Section 110.5 additions or subparagraph 115(1)(a)(vii) additions | 355 | 0 | 0 | 0.2 | 0 | 0 |
| Less | ||||||
| Charitable donations and gifts | 311, 312, 313, 314 | 14.1 | 14.6 | 14.2 | 19.1 | 29.5 |
| Taxable dividends deductible under section 112, 113, 138(6) | 320 | 559.6 | 640.5 | 452.3 | 550.4 | 624.6 |
| Losses from previous years | 331, 332, 333, 334, 335 | 418.9 | 360.5 | 301.7 | 915.7 | 612.7 |
| Other deductions | 325, 340, 350 | 0 | 0 | 0 | 0 | 0 |
| Losses carried back | LCB | 185.9 | 214 | 203.9 | 193.9 | 99.2 |
| Subtotal | 1178.5 | 1229.6 | 972.1 | 1679 | 1366 | |
| Taxable income (excluding exempt income)* | 360 minus exempt income | 2111.7 | 2192 | 2125.5 | 2547.8 | 2679 |
| Base amount of Part I tax | 550 | 802.4 | 833 | 807.7 | 968.2 | 1018 |
| Corporate surtax | 600 | 23.5 | 24.4 | 23.7 | 28.1 | 29.7 |
| Refundable tax on CCPC's investment income** | 602, 604 | 13.1 | 16 | 13.8 | 13 | 17.2 |
| Subtotal | 839.1 | 873.3 | 845.2 | 1009.3 | 1064.9 | |
| Less credits from part I tax payable | ||||||
| Small business deduction | 430 | 252.5 | 265.8 | 271.1 | 301.3 | 325.4 |
| Federal tax abatement | 608 | 210.8 | 219 | 212.1 | 254.4 | 267.9 |
| General tax reduction | 616, 438, 637, 638, 639 | 10.4 | 17.6 | 16.2 | 34 | 29.4 |
| Investment tax credits | 652, Other carrybacks | 34 | 44.4 | 34.9 | 38.7 | 22.5 |
| Other credits | 620, 628, 632, 636, 640, 644, 648 | 6.4 | 5.9 | 4.4 | 10.8 | 7.5 |
| Subtotal | 514.1 | 552.6 | 538.7 | 639.3 | 652.6 | |
| Part I tax payable | 700 | 325 | 320.7 | 306.5 | 370.1 | 412.3 |
| Part I.3 tax payable | 704 | 22.3 | 22.1 | 23.5 | 16.5 | 15 |
| Other federal taxes payable (OFTP) | 708, 712, 716, 720, 724, 727, 728 | 9 | 14.2 | 11.6 | 17.9 | 23.1 |
| Total federal tax | 700, PartI.3 tax payable, OFTP | 356.2 | 357 | 341.5 | 404.5 | 450.4 |
| All other credit refunds (AOCR) | 780, 784, 788, 792, 796, 797, 804, 816 | 56.1 | 70.4 | 70.3 | 76.1 | 87.1 |
| Net federal taxes | Total federal tax minus AOCR | 300.2 | 286.6 | 271.2 | 328.4 | 363.3 |
* When the amount in line 300, form 200 (_200_300), minus total deductions is less than zero for a given corporation, Taxable income is entered as zero.
** Includes recapture of investment tax credits.
- Date modified:
- 2016-03-17