T2 Corporate Income Statistics - Universe Data
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Table 15: Industry 14 - Management of Companies and Enterprises, 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 | 75697 | 78032 | 78776 | 78173 | 77170 | |
| Net income or loss for income tax purposes | 300 | 54331.4 | 104211.7 | 48537.8 | 48927.4 | 54323.2 |
| Section 110.5 additions and/or subparagraph 115(1)(a)(vii) additions | 355 | 9.4 | 14.1 | 37.8 | 16 | 14.9 |
| Less | ||||||
| Charitable donations and gifts | 311, 312, 313, 314 | 140.8 | 217.6 | 178.6 | 132 | 148 |
| Taxable dividends deductible under section 112, 113, 138(6) | 320 | 50924.3 | 97653.2 | 44513 | 44254.6 | 49385.6 |
| Losses from previous years | 331, 332, 333, 334, 335 | 1787.7 | 1173.6 | 1529 | 1825.5 | 1684.6 |
| Other deductions | 325, 340, 350 | 21 | 85.5 | 92.5 | 108.8 | 130.1 |
| Losses carried back | LCB | 522.7 | 2609.5 | 450.4 | 239.9 | 55.9 |
| Subtotal | 53396.5 | 101739.4 | 46763.5 | 46560.7 | 51404.2 | |
| Taxable income* | 360 | 5600.7 | 6915.9 | 6171.9 | 6963 | 7298.1 |
| All exempt income (including taxable income of NPO) | 370, Other exempt income** | 665.9 | 1178.5 | 854.4 | 2139.8 | 1378.9 |
| Adjusted taxable income | 360 - All exempt income | 4934.8 | 5737.3 | 5317.5 | 4823.2 | 5919.2 |
| Base amount of Part I tax | 550 | 1798.7 | 2108.8 | 1931.2 | 1821.1 | 2249.7 |
| Corporate surtax | 600 | 48.2 | 57.8 | 51.6 | 52.7 | 66 |
| Refundable tax on CCPC's investment income*** | 602, 604 | 116.2 | 129.6 | 90.4 | 71.3 | 74.1 |
| Subtotal | 1963.1 | 2296.2 | 2073.2 | 1945.2 | 2389.9 | |
| Less credits from part I tax payable | ||||||
| Small business deduction | 430 | 76.7 | 79 | 83.5 | 91.1 | 101.9 |
| Federal tax abatement | 608 | 407.9 | 506.3 | 433.5 | 463.7 | 573.4 |
| Manufacturing and processing deduction | 616 | 15.2 | 12.4 | 24.9 | 25.8 | 23.7 |
| General tax reduction | 438, 637, 638, 639 | 0 | 21.5 | 57.5 | 116.4 | 235.3 |
| Investment tax credits | 652 + CB (other losses carried back) | 16.3 | 27.2 | 48.5 | 10.9 | 10.6 |
| Other credits | 620, 628, 632, 636, 640, 644, 648 | 26.6 | 34.6 | 41.6 | 31.6 | 53.9 |
| Subtotal | 542.6 | 680.9 | 689.5 | 739.5 | 998.9 | |
| Part I tax payable | 700 | 1420.5 | 1615.3 | 1383.7 | 1205.7 | 1391 |
| Part I.3 tax payable | 704 | 44.1 | 51.4 | 57.5 | 63.6 | 47.1 |
| Other federal taxes payable (OFTP) | 708, 712, 716, 720, 727, 728 | 669.8 | 925.8 | 754.7 | 626.7 | 739.7 |
| Total federal tax | 700 - PartI.3 tax payable - OFTP | 2134.4 | 2592.4 | 2195.9 | 1896 | 2177.8 |
| All other credits (AOC) | 780, 784, 788, 792, 796, 797, 804, 816 | 1051.8 | 1428.1 | 1394.4 | 916.7 | 988.9 |
| Net federal tax | Total federal tax - AOC | 1082.6 | 1164.3 | 801.5 | 979.3 | 1188.9 |
* 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