Table 1: Total All industries - T2 (Form 200) Corporation Income Tax Statistics and Count by Size

Year 2000

Tax Item	T2 Line number(s)	Small Count*	Small Amount ($M)	Large Count*	Large Amount ($M)	Total Count*	Total Amount ($M)
Net income or loss for income tax purposes	300	1232824	39498.7	94454	202407.7	1327278	241906.3
Section 110.5 additions and/or subparagraph 115(1)(a)(vii) additions	355	287	9.4	121	118.3	408	127.7
Charitable donations and gifts	311, 312, 313, 314	43351	383.9	7372	975.2	50723	1359.1
Taxable dividends deductible under section 112, 113, 138(6)	320	110635	11882.1	7672	115711.2	118307	127593.3
Losses from previous years	331, 332, 333, 334, 335	218632	4216.1	11618	17384.4	230250	21600.5
Other deductions	325, 340, 350	60	1.4	111	1214.5	171	1215.9
Losses carried back	LCB	108745	3185.4	5709	12044.8	114454	15230.2
Subtotal			19668.9		147330.1		166999
Taxable income**	360	441189	31636.5	31134	89387.2	472323	121023.7
All exempt income (including taxable income of NPO)	370, Other exempt income***	4484	267.6	8455	4724.1	12939	4991.7
Adjusted taxable income	360 - All exempt income	436726	31368.9	22703	84663.1	459429	116032
Base amount of Part I tax	550	435058	11918.9	22609	32011.3	457667	43930.2
Corporate surtax	600	418226	351.1	21639	907.9	439865	1259
Refundable tax on CCPC's investment income****	602, 604	102991	381.3	4551	254.4	107542	635.7
Subtotal			12651.3		33173.6		45824.9
Small business deduction	430	368971	3348.6	3425	65.6	372396	3414.2
Federal tax abatement	608	431818	3127.4	22024	8057.2	453842	11184.6
Manufacturing and processing deduction	616	3156	109.2	3785	1877.1	6941	1986.2
General tax reduction	438, 637, 638, 639	38		17		55
Investment tax credits	652 + CB (other losses carried back)	10608	158.6	2065	1670.7	12673	1829.2
Other credits	620, 628, 632, 636, 640, 644, 648	21596	67.6	3233	1078.9	24829	1146.5
Subtotal			6811.3		12749.5		19560.8
Part I tax payable	700	426180	5840	21769	20424.1	447949	26264.1
Part I.3 tax payable	704			18199	1370.9	18199	1370.9
Other federal taxes payable (OFTP)	708, 712, 716, 720, 727, 728	78549	791.7	4684	1612.7	83233	2404.4
Total federal tax	700 - PartI.3 tax payable - OFTP	454086	6631.7	35399	23407.7	489485	30039.4
All other credits (AOC)	780, 784, 788, 792, 796, 797, 804, 816	89586	2405	4214	2761.6	93800	5166.5
Net federal tax	Total federal tax - AOC		4226.8		20646.1		24872.9

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Year 2001

Tax Item	T2 Line number(s)	Small Count*	Small Amount ($M)	Large Count*	Large Amount ($M)	Total Count*	Total Amount ($M)
Net income or loss for income tax purposes	300	1283757	40062.4	90275	214892.6	1374032	254955
Section 110.5 additions and/or subparagraph 115(1)(a)(vii) additions	355	267	6.6	120	235.1	387	241.8
Charitable donations and gifts	311, 312, 313, 314	44353	276.9	7286	1598.6	51639	1875.5
Taxable dividends deductible under section 112, 113, 138(6)	320	114535	11251.1	7841	146586.8	122376	157838
Losses from previous years	331, 332, 333, 334, 335	218811	4136.8	11202	15832.2	230013	19969
Other deductions	325, 340, 350	35	4187.5	118	1434.4	153	5621.8
Losses carried back	LCB	104933	2660	5227	7662.3	110160	10322.2
Subtotal			22512.3		173114.3		195626.6
Taxable income**	360	463647	34063.2	30445	88939.6	494092	123002.8
All exempt income (including taxable income of NPO)	370, Other exempt income***	6537	1537.6	7624	7046.9	14161	8584.4
Adjusted taxable income	360 - All exempt income	457131	32525.7	22833	81892.7	479964	114418.4
Base amount of Part I tax	550	455255	12359.7	22740	30974.6	477995	43334.3
Corporate surtax	600	438295	364.1	21777	885.5	460072	1249.6
Refundable tax on CCPC's investment income****	602, 604	105377	348.3	4845	253	110222	601.2
Subtotal			13072		32113.1		45185.1
Small business deduction	430	387464	3612.2	3252	67	390716	3679.1
Federal tax abatement	608	451964	3243	22135	7919.6	474099	11162.7
Manufacturing and processing deduction	616	2982	92.6	3575	1716.2	6557	1808.8
General tax reduction	438, 637, 638, 639	31961	57.4	15203	353	47164	410.4
Investment tax credits	652 + CB (other losses carried back)	10820	167.4	2086	1822.1	12906	1989.5
Other credits	620, 628, 632, 636, 640, 644, 648	22385	70.6	3302	793.8	25687	864.4
Subtotal			7243.2		12671.8		19915
Part I tax payable	700	446113	5828.8	21910	19441.3	468023	25270.1
Part I.3 tax payable	704			18738	1451	18738	1451
Other federal taxes payable (OFTP)	708, 712, 716, 720, 727, 728	81604	843.8	4769	2062.2	86373	2906
Total federal tax	700 - PartI.3 tax payable - OFTP	475862	6672.6	36028	22954.4	511890	29627
All other credits (AOC)	780, 784, 788, 792, 796, 797, 804, 816	95941	2764.2	4515	3326	100456	6090.2
Net federal tax	Total federal tax - AOC		3908.5		19628.4		23536.9

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Year 2002

Tax Item	T2 Line number(s)	Small Count*	Small Amount ($M)	Large Count*	Large Amount ($M)	Total Count*	Total Amount ($M)
Net income or loss for income tax purposes	300	1322889	41139.3	90312	149801.1	1413201	190940.4
Section 110.5 additions and/or subparagraph 115(1)(a)(vii) additions	355	399	9.8	141	180.4	540	190.2
Charitable donations and gifts	311, 312, 313, 314	45302	282.4	7551	1109	52853	1391.3
Taxable dividends deductible under section 112, 113, 138(6)	320	116131	11900.7	8077	84453.4	124208	96354.1
Losses from previous years	331, 332, 333, 334, 335	217311	4252.8	11629	15053.6	228940	19306.4
Other deductions	325, 340, 350	35	1.4	106	1875.8	141	1877.2
Losses carried back	LCB	89027	2238.7	3902	3760.1	92929	5998.8
Subtotal			18675.9		106251.9		124927.8
Taxable income**	360	481025	34668.6	31456	88466.9	512481	123135.4
All exempt income (including taxable income of NPO)	370, Other exempt income***	8367	537.8	7499	7580.9	15866	8118.7
Adjusted taxable income	360 - All exempt income	472669	34130.8	23969	80886	496638	115016.8
Base amount of Part I tax	550	470635	12969.7	23869	30600.5	494504	43570.2
Corporate surtax	600	453244	382.1	22846	896.1	476090	1278.1
Refundable tax on CCPC's investment income****	602, 604	101652	297.8	4989	210.8	106641	508.7
Subtotal			13649.6		31707.5		45357
Small business deduction	430	404121	3841.1	3381	71.2	407502	3912.2
Federal tax abatement	608	467398	3407.2	22969	7710.4	490367	11117.7
Manufacturing and processing deduction	616	2877	88.2	3674	1777.7	6551	1865.9
General tax reduction	438, 637, 638, 639	43102	168.1	17087	1186.7	60189	1354.9
Investment tax credits	652 + CB (other losses carried back)	11836	175.2	2308	1638.9	14144	1814.1
Other credits	620, 628, 632, 636, 640, 644, 648	20900	71.2	3224	730.2	24124	801.5
Subtotal			7751.1		13115.2		20866.2
Part I tax payable	700	460626	5898.5	22906	18592.3	483532	24490.8
Part I.3 tax payable	704			18856	1526.8	18856	1526.8
Other federal taxes payable (OFTP)	708, 712, 716, 720, 727, 728	81591	784	5026	2114.9	86617	2898.9
Total federal tax	700 - PartI.3 tax payable - OFTP	492716	6682.5	36971	22234	529687	28916.5
All other credits (AOC)	780, 784, 788, 792, 796, 797, 804, 816	99516	2699.6	4830	2595.7	104346	5295.2
Net federal tax	Total federal tax - AOC		3982.9		19638.4		23621.3

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Year 2003

Tax Item	T2 Line number(s)	Small Count*	Small Amount ($M)	Large Count*	Large Amount ($M)	Total Count*	Total Amount ($M)
Net income or loss for income tax purposes	300	1352377	38072.1	92832	170317.6	1445209	208389.7
Section 110.5 additions and/or subparagraph 115(1)(a)(vii) additions	355	418	10.1	140	52.7	558	62.8
Charitable donations and gifts	311, 312, 313, 314	45750	310.6	7523	927.6	53273	1238.3
Taxable dividends deductible under section 112, 113, 138(6)	320	118498	14187.2	8159	87409.8	126657	101597
Losses from previous years	331, 332, 333, 334, 335	216819	4117	12219	16268.4	229038	20385.4
Other deductions	325, 340, 350	50	0.7	111	1781.5	161	1782.2
Losses carried back	LCB	52830	1147.9	2276	3648.5	55106	4796.4
Subtotal			19763.4		110035.8		129799.2
Taxable income**	360	503129	37717.5	33377	100776.1	536506	138493.5
All exempt income (including taxable income of NPO)	370, Other exempt income***	7589	1088.9	8391	9378.6	15980	10467.5
Adjusted taxable income	360 - All exempt income	495557	36628.6	25005	91397.5	520562	128026.1
Base amount of Part I tax	550	493584	13918.9	24895	34705.5	518479	48624.4
Corporate surtax	600	476245	410.3	23948	1023.5	500193	1433.8
Refundable tax on CCPC's investment income****	602, 604	105797	306.6	5271	181.1	111068	487.6
Subtotal			14635.8		35910		50545.8
Small business deduction	430	425071	4197.3	3419	77.1	428490	4274.4
Federal tax abatement	608	490377	3656.7	23975	8589.1	514352	12245.8
Manufacturing and processing deduction	616	2518	75.6	3500	1465.1	6018	1540.7
General tax reduction	438, 637, 638, 639	46308	242.5	18639	2936.3	64947	3178.9
Investment tax credits	652 + CB (other losses carried back)	12581	190.8	2245	1388.7	14826	1579.6
Other credits	620, 628, 632, 636, 640, 644, 648	20954	70.5	3271	832.6	24225	903.1
Subtotal			8433.4		15289		23722.4
Part I tax payable	700	483159	6202.3	23938	20621	507097	26823.4
Part I.3 tax payable	704			18581	1480.4	18581	1480.4
Other federal taxes payable (OFTP)	708, 712, 716, 720, 727, 728	82685	693.2	5219	1989.5	87904	2682.7
Total federal tax	700 - PartI.3 tax payable - OFTP	515779	6895.5	37481	24090.9	553260	30986.4
All other credits (AOC)	780, 784, 788, 792, 796, 797, 804, 816	104323	2681.6	4787	1897	109110	4578.6
Net federal tax	Total federal tax - AOC		4213.9		22193.9		26407.8

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Year 2004

Tax Item	T2 Line number(s)	Small Count*	Small Amount ($M)	Large Count*	Large Amount ($M)	Total Count*	Total Amount ($M)
Net income or loss for income tax purposes	300	1355150	57823.5	82215	206488.9	1437365	264312.4
Section 110.5 additions and/or subparagraph 115(1)(a)(vii) additions	355	418	26.4	128	83.6	546	109.9
Charitable donations and gifts	311, 312, 313, 314	49207	375	6962	2051.1	56169	2426.1
Taxable dividends deductible under section 112, 113, 138(6)	320	127574	16857.1	6900	95627.3	134474	112484.4
Losses from previous years	331, 332, 333, 334, 335	231892	5332.6	11314	17896.3	243206	23228.9
Other deductions	325, 340, 350	55	2.4	115	1658.3	170	1660.7
Losses carried back	LCB	28076	522.8	791	425.5	28867	948.3
Subtotal			23089.9		117658.6		140748.5
Taxable income**	360	538534	47875	30589	117744.6	569123	165619.7
All exempt income (including taxable income of NPO)	370, Other exempt income***	7680	586.4	8859	10443.8	16539	11030.2
Adjusted taxable income	360 - All exempt income	530888	47288.7	21736	107300.8	552624	154589.5
Base amount of Part I tax	550	528778	17970.2	21636	40768.7	550414	58738.9
Corporate surtax	600	511902	529.4	20821	1200.4	532723	1729.8
Refundable tax on CCPC's investment income****	602, 604	123198	384.3	3832	206.6	127030	591
Subtotal			18884		42175.7		61059.7
Small business deduction	430	451716	4815.1	2249	60.8	453965	4875.9
Federal tax abatement	608	525692	4720.9	20965	10234.7	546657	14955.6
Manufacturing and processing deduction	616	2551	168.7	2673	1497.4	5224	1666.1
General tax reduction	438, 637, 638, 639	49699	603.1	17161	4977.6	66860	5580.7
Investment tax credits	652 + CB (other losses carried back)	12917	259.1	1905	1798.3	14822	2057.4
Other credits	620, 628, 632, 636, 640, 644, 648	23975	97.7	2889	934	26864	1031.7
Subtotal			10664.6		19502.8		30167.4
Part I tax payable	700	518501	8219.4	20756	22672.9	539257	30892.4
Part I.3 tax payable	704	111	18.3	8183	971.7	8294	990
Other federal taxes payable (OFTP)	708, 712, 716, 720, 727, 728	90169	903.8	4252	1777.5	94421	2681.3
Total federal tax	700 - PartI.3 tax payable - OFTP	551496	9141.4	27468	25422.1	578964	34563.6
All other credits (AOC)	780, 784, 788, 792, 796, 797, 804, 816	114274	3201.8	3570	1950.3	117844	5152.1
Net federal tax	Total federal tax - AOC		5939.7		23471.8		29411.5

* Generally counts reflect amounts greater than 5, except for Net income/loss for income tax purpose where all corporations have been counted regardless its amount.
** 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.
***Other Exempt Income formula
if (_200_550 = 0 and _200_360 > 10) then Other_exempt_inc = _200_360 -_200_355 -_200_370
else Other_exempt_inc = 0
if Other_exempt_inc < 0 then Other_exempt_inc = 0
**** Includes recapture of investment tax credits

Date modified:

2016-03-15