T2 Corporate Income Statistics - Universe Data
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Table 10: Industry 09 - Transportation and Warehousing, T2 (Form 200) Corporation Income Tax Statistics (amounts in millions of dollars)
| Tax Item | T2 Line number(s) | 2000 | 2001 | 2002 | 2003 | 2004 |
|---|---|---|---|---|---|---|
| Number of tax filers | 52678 | 55125 | 57113 | 58398 | 58411 | |
| Net income or loss for income tax purposes | 300 | 3202.6 | 3559.5 | 4161.2 | 3959.6 | 3628.1 |
| Section 110.5 additions and/or subparagraph 115(1)(a)(vii) additions | 355 | 0.5 | 0.4 | 1.6 | 2.4 | 2.1 |
| Less | ||||||
| Charitable donations and gifts | 311, 312, 313, 314 | 35 | 21.7 | 24.1 | 57.4 | 27.9 |
| Taxable dividends deductible under section 112, 113, 138(6) | 320 | 1377.4 | 1998.6 | 1083 | 1223.3 | 1633.1 |
| Losses from previous years | 331, 332, 333, 334, 335 | 667 | 865.5 | 822.5 | 745.3 | 737.3 |
| Other deductions | 325, 340, 350 | 8 | 4189.9 | 2.7 | 32.1 | 48.4 |
| Losses carried back | LCB | 250.9 | 316.3 | 289.7 | 67.7 | 30.6 |
| Subtotal | 2338.3 | 7391.9 | 2221.9 | 2125.8 | 2477.3 | |
| Taxable income* | 360 | 2187 | 2360.9 | 2888.4 | 2880.1 | 3977.4 |
| All exempt income (including taxable income of NPO) | 370, Other exempt income** | 157.8 | 112.1 | 295.9 | 337.2 | 362.9 |
| Adjusted taxable income | 360 - All exempt income | 2029.3 | 2248.8 | 2592.5 | 2542.9 | 3614.6 |
| Base amount of Part I tax | 550 | 771.2 | 854.6 | 985.2 | 966.3 | 1373.6 |
| Corporate surtax | 600 | 22.8 | 25.3 | 29.6 | 28.5 | 40.5 |
| Refundable tax on CCPC's investment income*** | 602, 604 | 4.7 | 3.9 | 4.5 | 3 | 4.5 |
| Subtotal | 798.7 | 883.8 | 1019.3 | 997.8 | 1418.6 | |
| Less credits from part I tax payable | ||||||
| Small business deduction | 430 | 120.6 | 132.3 | 141.1 | 148.5 | 175.6 |
| Federal tax abatement | 608 | 199.5 | 221.3 | 242.2 | 253.1 | 360.6 |
| Manufacturing and processing deduction | 616 | 3.3 | 2.9 | 2.9 | 2 | 1.7 |
| General tax reduction | 438, 637, 638, 639 | 0 | 12.7 | 46.8 | 74.7 | 163.7 |
| Investment tax credits | 652 + CB (other losses carried back) | 3.6 | 16.8 | 8.1 | 21.2 | 13.3 |
| Other credits | 620, 628, 632, 636, 640, 644, 648 | 3.4 | 3.8 | 4.2 | 3.3 | 2.8 |
| Subtotal | 330.5 | 389.9 | 445.2 | 502.7 | 717.7 | |
| Part I tax payable | 700 | 468.2 | 493.9 | 574.1 | 495.1 | 700.9 |
| Part I.3 tax payable | 704 | 80.2 | 88 | 77 | 83.8 | 57.7 |
| Other federal taxes payable (OFTP) | 708, 712, 716, 720, 727, 728 | 13.6 | 8.5 | 12.4 | 17.7 | 25.1 |
| Total federal tax | 700 - PartI.3 tax payable - OFTP | 562 | 590.3 | 663.6 | 596.5 | 783.7 |
| All other credits (AOC) | 780, 784, 788, 792, 796, 797, 804, 816 | 26.3 | 22.7 | 28.2 | 20.9 | 31.5 |
| Net federal tax | Total federal tax - AOC | 535.7 | 567.6 | 635.3 | 575.6 | 752.2 |
* 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