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Table 14: Industry 13 - Services, 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 | 429491 | 450074 | 469803 | 485446 | 494326 | |
| Net income or loss for income tax purposes (excluding exempt income) | 300 minus exempt income | 13624.1 | 12678.8 | 14198.7 | 19229.3 | 24850.1 |
| Section 110.5 additions or subparagraph 115(1)(a)(vii) additions | 355 | 12.8 | 24.4 | 15.4 | 42.4 | 21.9 |
| Less | ||||||
| Charitable donations and gifts | 311, 312, 313, 314 | 86.4 | 89.1 | 100.6 | 109 | 166.2 |
| Taxable dividends deductible under section 112, 113, 138(6) | 320 | 4201.1 | 3458.5 | 5232.9 | 4988.2 | 8217.8 |
| Losses from previous years | 331, 332, 333, 334, 335 | 2358.1 | 2490.1 | 2852 | 3001.7 | 3175.8 |
| Other deductions | 325, 340, 350 | 32.9 | 46.9 | 36.9 | 126.2 | 25.8 |
| Losses carried back | LCB | 1205.4 | 1010.3 | 780 | 638.6 | 354.6 |
| Subtotal | 7883.9 | 7095 | 9002.4 | 8863.8 | 11940.1 | |
| Taxable income (excluding exempt income)* | 360 minus exempt income | 14424.1 | 15172.6 | 15529.9 | 18362.9 | 22447.4 |
| Base amount of Part I tax | 550 | 5481 | 5765.5 | 5901.3 | 6977.9 | 8530 |
| Corporate surtax | 600 | 161.5 | 169.9 | 174.1 | 205.7 | 251.4 |
| Refundable tax on CCPC's investment income** | 602, 604 | 52.3 | 43.2 | 43 | 61.7 | 73.8 |
| Subtotal | 5694.9 | 5978.5 | 6118.5 | 7245.3 | 8855.2 | |
| Less credits from part I tax payable | ||||||
| Small business deduction | 430 | 1253.1 | 1339.1 | 1456.4 | 1678.1 | 2015.7 |
| Federal tax abatement | 608 | 1419.6 | 1492 | 1525.8 | 1811.7 | 2215.2 |
| General tax reduction | 616, 438, 637, 638, 639 | 87.3 | 181.3 | 285.7 | 459.1 | 590.9 |
| Investment tax credits | 652, Other carrybacks | 201.1 | 180 | 202.1 | 266.9 | 280 |
| Other credits | 620, 628, 632, 636, 640, 644, 648 | 111.3 | 108.2 | 115.9 | 98.8 | 108.8 |
| Subtotal | 3072.4 | 3300.6 | 3586 | 4314.7 | 5210.6 | |
| Part I tax payable | 700 | 2622.5 | 2677.9 | 2532.5 | 2930.6 | 3644.6 |
| Part I.3 tax payable | 704 | 99.3 | 90.5 | 85 | 49 | 41.8 |
| Other federal taxes payable (OFTP) | 708, 712, 716, 720, 724, 727, 728 | 136.4 | 177.6 | 97.4 | 208 | 140.1 |
| Total federal tax | 700, PartI.3 tax payable, OFTP | 2858.2 | 2946 | 2714.9 | 3187.6 | 3826.5 |
| All other credit refunds (AOCR) | 780, 784, 788, 792, 796, 797, 804, 816 | 635.2 | 685.8 | 628.8 | 799.3 | 789.3 |
| Net federal taxes | Total federal tax minus AOCR | 2223 | 2260.2 | 2086.1 | 2388.3 | 3037.3 |
* 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.
** Includes recapture of investment tax credits.
- Date modified:
- 2016-03-17