T2 Corporate Income Statistics - Universe Data
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Table 16: Industry 15 - Uncoded, T2 (Form 200) Corporation Income Tax Statistics (amounts in millions of dollars)
| 2002 | 2003 | 2004 | 2005 | 2006 | ||
|---|---|---|---|---|---|---|
| Number of taxfilers | 62354 | 69247 | 73585 | 76193 | 85630 | |
| Tax item | T2 line number(s) | |||||
| Net income or loss for income tax purposes (excluding exempt income) | 300 minus exempt income | 262.6 | 686 | 2756 | 807.9 | 3260.8 |
| Section 110.5 additions or subparagraph 115(1)(a)(vii) additions | 355 | 0.1 | 0 | 0.4 | 0.1 | 0.1 |
| Less | ||||||
| Charitable donations and gifts | 311, 312, 313, 314 | 1 | 1.2 | 1.1 | 2.5 | 3.2 |
| Taxable dividends deductible under section 112, 113, 138(6) | 320 | 547.3 | 878.9 | 2928.6 | 1278.8 | 3463.3 |
| Losses from previous years | 331, 332, 333, 334, 335 | 63.4 | 65.7 | 83.6 | 85 | 83.4 |
| Other deductions | 325, 340, 350 | 0 | 0 | 48.5 | 10 | 0 |
| Losses carried back | LCB | 23 | 38.7 | 16.2 | 24.8 | 20.2 |
| Subtotal | 634.7 | 984.5 | 3078 | 1401 | 3570.1 | |
| Taxable income (excluding exempt income)* | 360 minus exempt income | 225.1 | 256.1 | 291.8 | 336.2 | 467.7 |
| Base amount of Part I tax | 550 | 85.2 | 97.3 | 110.9 | 127.8 | 177.7 |
| Corporate surtax | 600 | 2.5 | 2.9 | 3.3 | 3.8 | 5.2 |
| Refundable tax on CCPC's investment income** | 602, 604 | 3.5 | 3.2 | 4 | 5.7 | 8.2 |
| Subtotal | 91.3 | 103.4 | 118.2 | 137.2 | 191.2 | |
| Less credits from Part I tax payable | ||||||
| Small business deduction | 430 | 15.1 | 19.5 | 22.5 | 25.2 | 35.6 |
| Federal tax abatement | 608 | 20.8 | 23.9 | 28.1 | 32 | 44.4 |
| General tax reduction | 616, 438, 637, 638, 639 | 2.2 | 4.2 | 6 | 6.7 | 8.7 |
| Investment tax credits | 652, other carrybacks | 0.6 | 0.5 | 0.6 | 0.4 | 0.6 |
| Other credits | 620, 628, 632, 636, 640, 644, 648 | 1.5 | 1.1 | 1.7 | 2.6 | 1.6 |
| Subtotal | 40.2 | 49.2 | 59 | 66.8 | 90.9 | |
| Part I tax payable | 700 | 51 | 54.2 | 59.2 | 70.4 | 100.2 |
| Part I.3 tax payable | 704 | 0.7 | 1.1 | 0.5 | 0.8 | 0.1 |
| Other federal taxes payable (OFTP) | 708, 712, 716, 720, 724, 727, 728 | 32.1 | 27.6 | 74 | 32.2 | 45.9 |
| Total federal tax | 700, Part I.3 tax payable, OFTP | 83.8 | 82.9 | 133.7 | 103.3 | 146.2 |
| All other credit refunds (AOCR) | 780, 784, 788, 792, 796, 797, 804, 816 | 49.2 | 46.7 | 55.2 | 51.2 | 69.6 |
| Net federal taxes | Total federal tax minus AOCR | 34.6 | 36.2 | 78.5 | 52.1 | 76.6 |
* 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