Contact us
Disclaimer
We do not guarantee the accuracy of this copy of the CRA website.
Scraped Page Content
Table 16: Industry 15 - Uncoded, 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 | 60836 | 66977 | 75120 | 80423 | 83339 | |
| Net income or loss for income tax purposes (excluding exempt income) | 300 minus exempt income | 846.7 | 519.1 | 1136.6 | 3683.3 | 2746.7 |
| Section 110.5 additions or subparagraph 115(1)(a)(vii) additions | 355 | 0 | 0.1 | 0 | 0.4 | 0.2 |
| Less | ||||||
| Charitable donations and gifts | 311, 312, 313, 314 | 4.6 | 1.5 | 3.5 | 4.9 | 14 |
| Taxable dividends deductible under section 112, 113, 138(6) | 320 | 926.3 | 623.2 | 1184.5 | 3523.4 | 2425.9 |
| Losses from previous years | 331, 332, 333, 334, 335 | 94.8 | 74.7 | 75.9 | 105.6 | 129.2 |
| Other deductions | 325, 340, 350 | 0 | 0.7 | 0.7 | 49.5 | 10.8 |
| Losses carried back | LCB | 28.6 | 27.7 | 46.2 | 45.9 | 23.7 |
| Subtotal | 1054.3 | 727.8 | 1310.9 | 3729.3 | 2603.6 | |
| Taxable income (excluding exempt income)* | 360 minus exempt income | 341.2 | 423.1 | 475.4 | 708.9 | 1250.2 |
| Base amount of Part I tax | 550 | 128.5 | 159.8 | 180 | 269.4 | 475.1 |
| Corporate surtax | 600 | 3.7 | 4.6 | 5.3 | 7.9 | 14 |
| Refundable tax on CCPC's investment income** | 602, 604 | 6.7 | 6.1 | 6 | 9.8 | 12.3 |
| Subtotal | 138.9 | 170.5 | 191.3 | 287.1 | 501.3 | |
| Less credits from part I tax payable | ||||||
| Small business deduction | 430 | 16.4 | 21 | 28.8 | 37.2 | 47.4 |
| Federal tax abatement | 608 | 31.8 | 36.7 | 42.2 | 63.6 | 88.1 |
| General tax reduction | 616, 438, 637, 638, 639 | 1.7 | 5.4 | 9.6 | 21.6 | 53.5 |
| Investment tax credits | 652, Other carrybacks | 1.1 | 1 | 1 | 1.5 | 1.1 |
| Other credits | 620, 628, 632, 636, 640, 644, 648 | 2.1 | 1.8 | 8 | 11.5 | 58.6 |
| Subtotal | 53 | 65.8 | 89.6 | 135.5 | 248.8 | |
| Part I tax payable | 700 | 86 | 104.7 | 101.8 | 151.6 | 252.5 |
| Part I.3 tax payable | 704 | 1.7 | 0.9 | 2.1 | 1.5 | 2.6 |
| Other federal taxes payable (OFTP) | 708, 712, 716, 720, 724, 727, 728 | 46.5 | 36.6 | 32.1 | 83.2 | 45.1 |
| Total federal tax | 700, PartI.3 tax payable, OFTP | 134.2 | 142.2 | 136 | 236.3 | 300.2 |
| All other credit refunds (AOCR) | 780, 784, 788, 792, 796, 797, 804, 816 | 85.1 | 61.5 | 61.3 | 82.2 | 85.9 |
| Net federal taxes | Total federal tax minus AOCR | 49.1 | 80.6 | 74.7 | 154.1 | 214.3 |
* 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