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Table 9: Industry 08 - Retail Trade, 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 116881 119607 122542 124527 124630
Net income or loss for income tax purposes (excluding exempt income) 300 minus exempt income 6654.1 6398.3 7985.2 11294.7 11192.9
Section 110.5 additions or subparagraph 115(1)(a)(vii) additions 355 0.8 0 0 0 0
Less
Charitable donations and gifts 311, 312, 313, 314 56.7 59.2 65.6 60.1 66
Taxable dividends deductible under section 112, 113, 138(6) 320 741.3 654.4 1294.1 2456.6 2970.1
Losses from previous years 331, 332, 333, 334, 335 1413.4 864.5 883 1185.3 909.3
Other deductions 325, 340, 350 0.3 18.5 57 41.2 101.9
Losses carried back LCB 498.1 357.5 393.9 272.2 149.7
Subtotal 2709.7 1954.1 2693.6 4015.4 4197
Taxable income (excluding exempt income)* 360 minus exempt income 5906.1 6500.8 7022.2 9415 9503.4
Base amount of Part I tax 550 2244.3 2470.3 2668.5 3576.6 3611.3
Corporate surtax 600 66.1 72.8 78.6 105.4 106.4
Refundable tax on CCPC's investment income** 602, 604 8.8 8.2 8.6 10.1 15.3
Subtotal 2319.2 2551.3 2755.7 3692.2 3733
Less credits from part I tax payable
Small business deduction 430 362.2 400.5 411.3 451 518.1
Federal tax abatement 608 590.5 649.6 701.3 940.7 949.6
General tax reduction 616, 438, 637, 638, 639 46.2 108.4 205.4 406 422.5
Investment tax credits 652, Other carrybacks 69.3 50.1 44 46.5 53.7
Other credits 620, 628, 632, 636, 640, 644, 648 2.4 1 3.8 0.9 1.2
Subtotal 1070.5 1209.6 1365.8 1845.1 1945
Part I tax payable 700 1248.7 1341.7 1389.9 1847.1 1788
Part I.3 tax payable 704 48.7 45.7 50.6 32.6 27.8
Other federal taxes payable (OFTP) 708, 712, 716, 720, 724, 727, 728 18.9 23 35.2 33 58.7
Total federal tax 700, PartI.3 tax payable, OFTP 1316.3 1410.5 1475.7 1912.7 1874.5
All other credit refunds (AOCR) 780, 784, 788, 792, 796, 797, 804, 816 53.8 47.4 59.3 61.6 79.4
Net federal taxes Total federal tax minus AOCR 1262.4 1363.1 1416.4 1851.1 1795.1

* 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