T2 Corporate Income Statistics - Universe Data
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Table 6: Industry 05 - Construction, 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 | 137722 | 141263 | 144008 | 146710 | 146537 | |
| Net income or loss for income tax purposes | 300 | 4122.2 | 4533.2 | 4894.5 | 5550.1 | 7035.7 |
| Section 110.5 additions and/or subparagraph 115(1)(a)(vii) additions | 355 | 19.8 | 0.3 | 0.1 | 0.3 | 0.2 |
| Less | ||||||
| Charitable donations and gifts | 311, 312, 313, 314 | 55.5 | 54.5 | 42.1 | 45 | 117.6 |
| Taxable dividends deductible under section 112, 113, 138(6) | 320 | 570.7 | 741.8 | 480.2 | 559.6 | 777.4 |
| Losses from previous years | 331, 332, 333, 334, 335 | 992.8 | 929.3 | 1115.6 | 1020.2 | 1046.9 |
| Other deductions | 325, 340, 350 | 0 | 2.4 | 2.7 | 20.5 | 58.3 |
| Losses carried back | LCB | 536.7 | 558.8 | 390.3 | 249.7 | 120.2 |
| Subtotal | 2155.7 | 2286.8 | 2030.8 | 1895.1 | 2120.5 | |
| Taxable income* | 360 | 3925 | 4164.3 | 4820.6 | 5655.4 | 6906.4 |
| All exempt income (including taxable income of NPO) | 370, Other exempt income** | 20.5 | 33.3 | 71 | 71.3 | 93.6 |
| Adjusted taxable income | 360 - All exempt income | 3904.6 | 4131 | 4749.6 | 5584.1 | 6812.8 |
| Base amount of Part I tax | 550 | 1483.2 | 1569.3 | 1804.4 | 2122 | 2588.9 |
| Corporate surtax | 600 | 43.7 | 46.2 | 53.2 | 62.5 | 76.3 |
| Refundable tax on CCPC's investment income*** | 602, 604 | 19.2 | 18.3 | 18.9 | 22.4 | 25 |
| Subtotal | 1546 | 1633.9 | 1876.4 | 2207 | 2690.1 | |
| Less credits from part I tax payable | ||||||
| Small business deduction | 430 | 374.6 | 418.1 | 455.6 | 524.5 | 624.2 |
| Federal tax abatement | 608 | 387.4 | 411.3 | 472.7 | 556.4 | 676.3 |
| Manufacturing and processing deduction | 616 | 11.7 | 3.4 | 5.7 | 5 | 6.2 |
| General tax reduction | 438, 637, 638, 639 | 0 | 13.2 | 46.7 | 91.6 | 161.4 |
| Investment tax credits | 652 + CB (other losses carried back) | 8.2 | 7.8 | 12.7 | 12.4 | 10.1 |
| Other credits | 620, 628, 632, 636, 640, 644, 648 | 17.7 | 8.1 | 6.9 | 7.3 | 5.9 |
| Subtotal | 799.6 | 862 | 1000.4 | 1197.3 | 1484.2 | |
| Part I tax payable | 700 | 746.4 | 771.9 | 876 | 1009.6 | 1206 |
| Part I.3 tax payable | 704 | 30 | 34 | 36.1 | 34.7 | 20.4 |
| Other federal taxes payable (OFTP) | 708, 712, 716, 720, 727, 728 | 52.8 | 27.9 | 31.8 | 35.4 | 43.8 |
| Total federal tax | 700 - PartI.3 tax payable - OFTP | 829.2 | 833.8 | 944 | 1079.7 | 1270.1 |
| All other credits (AOC) | 780, 784, 788, 792, 796, 797, 804, 816 | 115.6 | 97.9 | 107.8 | 115.9 | 116.8 |
| Net federal tax | Total federal tax - AOC | 713.6 | 735.9 | 836.1 | 963.8 | 1153.3 |
* 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