T2 Corporate Income Statistics - Universe Data
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Table 11: Industry 10 - Information and Cultural Industries, 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 | 20854 | 21935 | 22794 | 23181 | 22308 | |
| Net income or loss for income tax purposes | 300 | 6624.3 | 9176 | 1563.2 | 4385.8 | 9450.2 |
| Section 110.5 additions and/or subparagraph 115(1)(a)(vii) additions | 355 | 9.4 | 4 | 6.4 | 3.9 | 6.1 |
| Less | ||||||
| Charitable donations and gifts | 311, 312, 313, 314 | 23.2 | 18.6 | 22.3 | 40.7 | 26.9 |
| Taxable dividends deductible under section 112, 113, 138(6) | 320 | 4330.7 | 7177.2 | 3687.9 | 3318.1 | 5132.6 |
| Losses from previous years | 331, 332, 333, 334, 335 | 1899.9 | 1693.6 | 1320.7 | 2663 | 2786.4 |
| Other deductions | 325, 340, 350 | 156.5 | 247 | 727.1 | 230.2 | 207.4 |
| Losses carried back | LCB | 1006.2 | 453.2 | 145.5 | 69.3 | 17.9 |
| Subtotal | 7416.5 | 9589.6 | 5903.5 | 6321.4 | 8171.1 | |
| Taxable income* | 360 | 4325.4 | 5380.5 | 3079.6 | 2892.3 | 3819.3 |
| All exempt income (including taxable income of NPO) | 370, Other exempt income** | 147.2 | 277.9 | 289.8 | 280.8 | 262.8 |
| Adjusted taxable income | 360 - All exempt income | 4178.2 | 5102.6 | 2789.9 | 2611.6 | 3556.6 |
| Base amount of Part I tax | 550 | 1582.4 | 1930.6 | 1051.7 | 991.6 | 1351.5 |
| Corporate surtax | 600 | 46.3 | 44.3 | 30.5 | 29.2 | 39.8 |
| Refundable tax on CCPC's investment income*** | 602, 604 | 2.8 | 3.4 | 1.6 | 2.7 | 2.3 |
| Subtotal | 1631.5 | 1978.4 | 1083.8 | 1023.5 | 1393.7 | |
| Less credits from part I tax payable | ||||||
| Small business deduction | 430 | 47 | 49.5 | 49.4 | 52.8 | 57 |
| Federal tax abatement | 608 | 412.7 | 503.2 | 271.6 | 259.5 | 354.7 |
| Manufacturing and processing deduction | 616 | 19.9 | 14.4 | 15.2 | 14.8 | 17.7 |
| General tax reduction | 438, 637, 638, 639 | 0 | 31 | 61 | 97 | 197.7 |
| Investment tax credits | 652 + CB (other losses carried back) | 144 | 317.4 | 217 | 171 | 224.4 |
| Other credits | 620, 628, 632, 636, 640, 644, 648 | 14.6 | 7.7 | 9.8 | 7.3 | 8.1 |
| Subtotal | 638.2 | 923.3 | 624 | 602.5 | 859.6 | |
| Part I tax payable | 700 | 993.3 | 1055.1 | 459.8 | 421 | 534.1 |
| Part I.3 tax payable | 704 | 84.8 | 88.7 | 108.8 | 99 | 63.8 |
| Other federal taxes payable (OFTP) | 708, 712, 716, 720, 727, 728 | 75.2 | 118.8 | 338 | 81.4 | 72.2 |
| Total federal tax | 700 - PartI.3 tax payable - OFTP | 1153.4 | 1262.6 | 906.6 | 601.4 | 670.1 |
| All other credits (AOC) | 780, 784, 788, 792, 796, 797, 804, 816 | 288.8 | 612.3 | 313.7 | 283.3 | 275.2 |
| Net federal tax | Total federal tax - AOC | 864.6 | 650.3 | 592.9 | 318.2 | 395 |
* 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