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)
| Tax Item | T2 Line number(s) | 2000 | 2001 | 2002 | 2003 | 2004 |
|---|---|---|---|---|---|---|
| Number of tax filers | 90388 | 98738 | 110840 | 127021 | 135676 | |
| Net income or loss for income tax purposes | 300 | 5229.3 | 2240.1 | 2219.6 | 3743.4 | 7422 |
| Section 110.5 additions and/or subparagraph 115(1)(a)(vii) additions | 355 | 0.3 | 0.2 | 0.3 | 0.5 | 0.9 |
| Less | ||||||
| Charitable donations and gifts | 311, 312, 313, 314 | 10.7 | 20.5 | 7.3 | 12.7 | 22.8 |
| Taxable dividends deductible under section 112, 113, 138(6) | 320 | 4700.5 | 2170.5 | 2257.4 | 3199.1 | 6210.7 |
| Losses from previous years | 331, 332, 333, 334, 335 | 431.5 | 206.6 | 192.1 | 252.8 | 311.9 |
| Other deductions | 325, 340, 350 | 0.6 | 0 | 3.3 | 14.4 | 62.7 |
| Losses carried back | LCB | 216.8 | 68.6 | 58.7 | 63.1 | 24.9 |
| Subtotal | 5360.2 | 2466.2 | 2518.9 | 3542 | 6633 | |
| Taxable income* | 360 | 1375.4 | 771.5 | 920.4 | 1503.4 | 2306.8 |
| All exempt income (including taxable income of NPO) | 370, Other exempt income** | 39.3 | 37 | 54.8 | 218.4 | 180.4 |
| Adjusted taxable income | 360 - All exempt income | 1336 | 734.5 | 865.6 | 1284.9 | 2126.4 |
| Base amount of Part I tax | 550 | 505.4 | 277.7 | 327.7 | 487.6 | 808 |
| Corporate surtax | 600 | 14.8 | 8.1 | 9.6 | 14.4 | 23.6 |
| Refundable tax on CCPC's investment income*** | 602, 604 | 32.7 | 18.5 | 15.5 | 20.2 | 29 |
| Subtotal | 552.8 | 304.3 | 352.8 | 522.2 | 860.6 | |
| Less credits from part I tax payable | ||||||
| Small business deduction | 430 | 39.9 | 42.4 | 56.2 | 83.8 | 123.3 |
| Federal tax abatement | 608 | 127.7 | 70.2 | 77.9 | 118.1 | 202.5 |
| Manufacturing and processing deduction | 616 | 11.8 | 0.9 | 1 | 2.6 | 8.3 |
| General tax reduction | 438, 637, 638, 639 | 0 | 1.6 | 7.3 | 19.9 | 51.5 |
| Investment tax credits | 652 + CB (other losses carried back) | 13.2 | 1.6 | 1.9 | 2.6 | 3.6 |
| Other credits | 620, 628, 632, 636, 640, 644, 648 | 6.3 | 4.7 | 5.3 | 14.4 | 24.1 |
| Subtotal | 198.8 | 121.4 | 149.5 | 241.5 | 413.3 | |
| Part I tax payable | 700 | 354 | 182.9 | 203.2 | 280.7 | 447.4 |
| Part I.3 tax payable | 704 | 12.6 | 2.4 | 1.4 | 5.6 | 6.1 |
| Other federal taxes payable (OFTP) | 708, 712, 716, 720, 727, 728 | 117.3 | 112.6 | 92.9 | 108.8 | 207.1 |
| Total federal tax | 700 - PartI.3 tax payable - OFTP | 483.8 | 298 | 297.6 | 395.1 | 660.5 |
| All other credits (AOC) | 780, 784, 788, 792, 796, 797, 804, 816 | 200.8 | 194.1 | 153.2 | 187.9 | 258.7 |
| Net federal tax | Total federal tax - AOC | 283 | 103.8 | 144.4 | 207.3 | 401.9 |
* 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.
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