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Table 13: Industry 12 - Other Finance and Insurance, T2 (Form 200) Corporation Income Tax Statistics (amounts in millions of dollars)
| Tax Item | T2 Line number(s) | 2001 | 2002 | 2003 | 2004 | 2005 |
|---|---|---|---|---|---|---|
| Number of tax filers | 235012 | 240808 | 245783 | 250350 | 253709 | |
| Net income or loss for income tax purposes (excluding exempt income) | 300 minus exempt income | 35438.6 | 34031.9 | 33806.2 | 50219.9 | 61404.5 |
| Section 110.5 additions or subparagraph 115(1)(a)(vii) additions | 355 | 5 | 9.3 | 10.5 | 9.6 | 8.6 |
| Less | ||||||
| Charitable donations and gifts | 311, 312, 313, 314 | 1006.4 | 440.8 | 310.2 | 609.6 | 773.6 |
| Taxable dividends deductible under section 112, 113, 138(6) | 320 | 18649.1 | 19539.7 | 20147.9 | 20809.1 | 26173.4 |
| Losses from previous years | 331, 332, 333, 334, 335 | 4396.2 | 4019 | 3568.4 | 4668.8 | 5077.1 |
| Other deductions | 325, 340, 350 | 309.7 | 436 | 504.1 | 623.2 | 569.8 |
| Losses carried back | LCB | 1357.5 | 1530.8 | 1346.6 | 692.5 | 316.5 |
| Subtotal | 25718.8 | 25966.4 | 25877 | 27403.2 | 32910.5 | |
| Taxable income (excluding exempt income)* | 360 minus exempt income | 19614.1 | 19704.3 | 23432.8 | 29792.5 | 34471 |
| Base amount of Part I tax | 550 | 7393.4 | 7459.9 | 8892.3 | 11315.5 | 13094.3 |
| Corporate surtax | 600 | 208.1 | 220.5 | 264.4 | 334.6 | 385.2 |
| Refundable tax on CCPC's investment income** | 602, 604 | 328.2 | 278 | 279.5 | 339.2 | 446.5 |
| Subtotal | 7929.7 | 7958.4 | 9436.2 | 11989.3 | 13926.1 | |
| Less credits from part I tax payable | ||||||
| Small business deduction | 430 | 336.9 | 359.8 | 397.7 | 458.2 | 543.2 |
| Federal tax abatement | 608 | 1838.8 | 1860.6 | 2173.2 | 2781.5 | 3237.1 |
| General tax reduction | 616, 438, 637, 638, 639 | 119.5 | 384.7 | 806.3 | 1457.7 | 1649.3 |
| Investment tax credits | 652, Other carrybacks | 18.4 | 20.8 | 35.4 | 21 | 30 |
| Other credits | 620, 628, 632, 636, 640, 644, 648 | 143.4 | 104.4 | 134.7 | 172.3 | 216.4 |
| Subtotal | 2457 | 2730.3 | 3547.3 | 4890.7 | 5676 | |
| Part I tax payable | 700 | 5472.7 | 5228.1 | 5888.8 | 7098.6 | 8250.1 |
| Part I.3 tax payable | 704 | 300.6 | 308.5 | 283.7 | 203 | 202.3 |
| Other federal taxes payable (OFTP) | 708, 712, 716, 720, 724, 727, 728 | 1081.9 | 1054.4 | 934.7 | 1098.9 | 1200 |
| Total federal tax | 700, PartI.3 tax payable, OFTP | 6855.2 | 6591 | 7107.3 | 8400.5 | 9652.3 |
| All other credit refunds (AOCR) | 780, 784, 788, 792, 796, 797, 804, 816 | 2499.6 | 2024 | 1842 | 2142 | 2540.7 |
| Net federal taxes | Total federal tax minus AOCR | 4355.6 | 4567 | 5265.3 | 6258.6 | 7111.7 |
* 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.
** Includes recapture of investment tax credits.
- Date modified:
- 2016-03-17