T2 Corporate Income Statistics - Universe Data

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Table 1: Total All industries - T2 (Form 200) Corporation Income Tax Statistics and Count by Size

Year 2002
Small Number of taxfilers* Small Amount ($M) Large Number of taxfilers* Large Amount ($M) Total Number of taxfilers* Total Amount ($M)
Net income or loss for income tax purposes (excluding exempt income) 300 minus exempt income 1362544 43756 86508 143412.8 1449052 187168.8
Section 110.5 additions or subparagraph 115(1)(a)(vii) additions 355 411 10 128 183.5 539 193.6
Less
Charitable donations and gifts 311, 312, 313, 314 46154 311.3 6861 1082.3 53015 1393.6
Taxable dividends deductible under section 112, 113, 138(6) 320 117719 12820.7 6969 83900.9 124688 96721.6
Losses from previous years 331, 332, 333, 334, 335 221332 4401.5 11210 15239.8 232542 19641.2
Other deductions 325, 340, 350 34 1.6 106 1875.9 140 1877.6
Losses carried back LCB 97037 2564.8 4250 5790.7 101287 8355.6
Subtotal 20100 107889.6 127989.6
Taxable income (excluding exempt income)** 360 minus exempt income 475855 36542.6 19808 78820.4 495663 115363
Base amount of Part I tax 550 473770 13886.2 19718 29815.6 493488 43701.8
Corporate surtax 600 456054 409 18768 872.8 474822 1281.8
Refundable tax on CCPC's investment income*** 602, 604 102920 328 3380 198.9 106300 526.9
Subtotal 14623.2 30887.3 45510.5
Less credits from Part I tax payable:
Small business deduction 430 404872 3849.6 2225 49 407097 3898.7
Federal tax abatement 608 470466 3647.8 18874 7517.4 489340 11165.2
General tax reduction 616, 438, 637, 638, 639 46398 334 15699 2866.9 62097 3200.8
Investment tax credits 652, other carrybacks 12053 193.6 2129 1714.7 14182 1908.3
Other credits 620, 628, 632, 636, 640, 644, 648 21351 89.1 2771 696.6 24122 785.7
Subtotal 8114.1 12844.7 20958.8
Part I tax payable 700 463660 6509.1 18799 18042.7 482459 24551.7
Part I.3 tax payable 704 19063 1518.8 19063 1518.8
Other federal taxes payable (OFTP) 708, 712, 716, 720, 724, 727, 728 82597 847.4 4228 2010.1 86825 2857.6
Total federal tax 700, Part I.3 tax payable, OFTP 496180 7356.5 32863 21571.6 529043 28928.2
All other credit refunds (AOCR) 780, 784, 788, 792, 796, 797, 804, 816 100592 2914.3 3778 2357.8 104370 5272
Net federal taxes Total federal tax minus AOCR 4442.2 19213.9 23656.1
Year 2003
Small Number of taxfilers* Small Amount ($M) Large Number of taxfilers* Large Amount ($M) Total Number of taxfilers* Total Amount ($M)
Net income or loss for income tax purposes (excluding exempt income) 300 minus exempt income 1412781 40499.6 90476 161064.9 1503257 201564.5
Section 110.5 additions or subparagraph 115(1)(a)(vii) additions 355 437 10.6 124 67.8 561 78.4
Less
Charitable donations and gifts 311, 312, 313, 314 46728 335 6831 918.3 53559 1253.3
Taxable dividends deductible under section 112, 113, 138(6) 320 120440 13258.5 7035 85911.9 127475 99170.4
Losses from previous years 331, 332, 333, 334, 335 223295 4301.2 11990 16435.7 235285 20737
Other deductions 325, 340, 350 45 1.6 111 1780.4 156 1782
Losses carried back LCB 90233 2289.5 3969 7204.5 94202 9494
Subtotal 20185.9 112250.9 132436.7
Taxable income (excluding exempt income)** 360 minus exempt income 489984 38401.9 20462 89000.4 510446 127402.3
Base amount of Part I tax 550 487866 14592.8 20353 33783.4 508219 48376.2
Corporate surtax 600 469791 430.1 19454 995.6 489245 1425.7
Refundable tax on CCPC's investment income*** 602, 604 104708 335.5 3591 166.1 108299 501.6
Subtotal 15358.4 34945 50303.4
Less credits from Part I tax payable:
Small business deduction 430 417385 4121.2 2242 51.7 419627 4172.9
Federal tax abatement 608 484534 3833.6 19441 8322.7 503975 12156.3
General tax reduction 616, 438, 637, 638, 639 48952 412.5 16637 4273.8 65589 4686.2
Investment tax credits 652, other carrybacks 12640 204.9 2157 1494.7 14797 1699.6
Other credits 620, 628, 632, 636, 640, 644, 648 21235 79.5 2806 817 24041 896.5
Subtotal 8651.7 14959.8 23611.5
Part I tax payable 700 477194 6706.7 19398 19985.2 496592 26691.9
Part I.3 tax payable 704 19151 1494.7 19151 1494.7
Other federal taxes payable (OFTP) 708, 712, 716, 720, 724, 727, 728 83928 788.9 4412 1516.5 88340 2305.4
Total federal tax 700, Part I.3 tax payable, OFTP 510911 7495.6 33305 22996.5 544216 30492.1
All other credit refunds (AOCR) 780, 784, 788, 792, 796, 797, 804, 816 105122 2932.7 3742 1689.1 108864 4621.8
Net federal taxes Total federal tax minus AOCR 4562.9 21307.3 25870.3
Year 2004
Small Number of taxfilers* Small Amount ($M) Large Number of taxfilers* Large Amount ($M) Total Number of taxfilers* Total Amount ($M)
Net income or loss for income tax purposes (excluding exempt income) 300 minus exempt income 1466280 52897.6 87757 211924 1554037 264821.6
Section 110.5 additions or subparagraph 115(1)(a)(vii) additions 355 426 9.8 132 107.3 558 117
Less
Charitable donations and gifts 311, 312, 313, 314 50089 372.6 6893 2091.4 56982 2464
Taxable dividends deductible under section 112, 113, 138(6) 320 129778 15208.6 6639 102994.4 136417 118203
Losses from previous years 331, 332, 333, 334, 335 244901 5425.8 11948 20471.9 256849 25897.6
Other deductions 325, 340, 350 49 2.7 115 1679.9 164 1682.6
Losses carried back LCB 94083 2546.7 3563 5831 97646 8377.6
Subtotal 23556.4 133068.5 156624.9
Taxable income (excluding exempt income)** 360 minus exempt income 520031 43848.2 19839 108389.3 539870 152237.5
Base amount of Part I tax 550 517643 16662.7 19729 41181.1 537372 57843.8
Corporate surtax 600 499232 490.9 18897 1213 518129 1703.9
Refundable tax on CCPC's investment income*** 602, 604 119421 388.3 3119 196.2 122540 584.4
Subtotal 17541.9 42590.2 60132.1
Less credits from Part I tax payable:
Small business deduction 430 439869 4668.5 1934 54.4 441803 4722.9
Federal tax abatement 608 514227 4379.1 18953 10340.7 533180 14719.9
General tax reduction 616, 438, 637, 638, 639 51208 588.3 16771 6587.7 67979 7176
Investment tax credits 652, other carrybacks 13789 244 2228 2037.4 16017 2281.4
Other credits 620, 628, 632, 636, 640, 644, 648 23845 75.2 2760 941.2 26605 1016.4
Subtotal 9955.1 19961.5 29916.6
Part I tax payable 700 506226 7586.8 18717 22628.8 524943 30215.6
Part I.3 tax payable 704 8971 1087.2 8971 1087.2
Other federal taxes payable (OFTP) 708, 712, 716, 720, 724, 727, 728 91294 973.8 4064 1686.1 95358 2659.9
Total federal tax 700, Part I.3 tax payable, OFTP 540902 8560.6 26146 25402.1 567048 33962.7
All other credit refunds (AOCR) 780, 784, 788, 792, 796, 797, 804, 816 116155 3424 3256 1903 119411 5327
Net federal taxes Total federal tax minus AOCR 5136.6 23499.1 28635.7
Year 2005
Small Number of taxfilers* Small Amount ($M) Large Number of taxfilers* Large Amount ($M) Total Number of taxfilers* Total Amount ($M)
Net income or loss for income tax purposes (excluding exempt income) 300 minus exempt income 1503848 62852.3 92654 246686.2 1596502 309538.5
Section 110.5 additions or subparagraph 115(1)(a)(vii) additions 355 375 9.9 122 77.1 497 87
Less
Charitable donations and gifts 311, 312, 313, 314 56218 469 7360 1450.1 63578 1919.1
Taxable dividends deductible under section 112, 113, 138(6) 320 140676 17280 7190 133572.9 147866 150853
Losses from previous years 331, 332, 333, 334, 335 255347 5597.6 12644 23746 267991 29343.6
Other deductions 325, 340, 350 106 16.9 624 2118 730 2134.9
Losses carried back LCB 86458 2407.9 3203 5828.3 89661 8236.2
Subtotal 25771.4 166715.4 192486.8
Taxable income (excluding exempt income)** 360 minus exempt income 556397 51311.8 21597 114340.7 577994 165652.5
Base amount of Part I tax 550 553887 19498.7 21482 43445.4 575369 62944.1
Corporate surtax 600 535300 574.5 20617 1271.7 555917 1846.2
Refundable tax on CCPC's investment income*** 602, 604 132448 493.1 3608 272.8 136056 765.9
Subtotal 20566.2 44990 65556.2
Less credits from Part I tax payable:
Small business deduction 430 470318 5475.3 2166 67.4 472484 5542.8
Federal tax abatement 608 550398 5120.2 20639 10795.8 571037 15916
General tax reduction 616, 438, 637, 638, 639 48660 677.4 18073 7023.9 66733 7701.3
Investment tax credits 652, other carrybacks 14545 259.8 2359 1781.2 16904 2041
Other credits 620, 628, 632, 636, 640, 644, 648 25635 97.6 2879 1259.1 28514 1356.8
Subtotal 11630.4 20927.5 32557.9
Part I tax payable 700 541946 8935.8 20477 24062.5 562423 32998.3
Part I.3 tax payable 704 9018 1039.3 9018 1039.3
Other federal taxes payable (OFTP) 708, 712, 716, 720, 724, 727, 728 100663 1089.8 4529 1831 105192 2920.8
Total federal tax 700, Part I.3 tax payable, OFTP 578517 10025.6 28002 26932.8 606519 36958.4
All other credit refunds (AOCR) 780, 784, 788, 792, 796, 797, 804, 816 127562 3816.4 3529 2295.4 131091 6111.8
Net federal taxes Total federal tax minus AOCR 6209.2 24637.4 30846.6
Year 2006
Small Number of taxfilers* Small Amount ($M) Large Number of taxfilers* Large Amount ($M) Total Number of taxfilers* Total Amount ($M)
Net income or loss for income tax purposes (excluding exempt income) 300 minus exempt income 1516219 71764.2 106546 258107.9 1622765 329872.1
Section 110.5 additions or subparagraph 115(1)(a)(vii) additions 355 259 6.8 116 97 375 103.8
Less
Charitable donations and gifts 311, 312, 313, 314 59983 482.2 8513 1969.1 68496 2451.3
Taxable dividends deductible under section 112, 113, 138(6) 320 150495 19273 8969 124317.9 159464 143590.9
Losses from previous years 331, 332, 333, 334, 335 260040 5599.9 14644 22590 274684 28189.9
Other deductions 325, 340, 350 92 2.5 611 2024.9 703 2027.4
Losses carried back LCB 57560 1465 2545 7714.7 60105 9179.6
Subtotal 26822.6 158616.6 185439.2
Taxable income (excluding exempt income)** 360 minus exempt income 603541 59540.5 29149 138176.6 632690 197717.1
Base amount of Part I tax 550 601075 22625.4 29031 52502.9 630106 75128.3
Corporate surtax 600 582526 666.6 28141 1534.6 610667 2201.2
Refundable tax on CCPC's investment income*** 602, 604 152095 591.7 6158 427.7 158253 1019.4
Subtotal 23883.7 54465.2 78348.9
Less credits from Part I tax payable:
Small business deduction 430 509865 6346.7 5847 146.1 515712 6492.8
Federal tax abatement 608 597623 5946.3 28156 13305.5 625779 19251.9
General tax reduction 616, 438, 637, 638, 639 54228 773.6 21616 8586.5 75844 9360.1
Investment tax credits 652, other carrybacks 17913 285.7 2819 1615.9 20732 1901.6
Other credits 620, 628, 632, 636, 640, 644, 648 29197 87.6 3531 1301 32728 1388.6
Subtotal 13440 24954.9 38394.9
Part I tax payable 700 588774 10443.7 27942 29510.3 616716 39954
Part I.3 tax payable 704 3340 90.8 3340 90.8
Other federal taxes payable (OFTP) 708, 712, 716, 720, 724, 727, 728 109879 1253.4 5930 2010.9 115809 3264.3
Total federal tax 700, Part I.3 tax payable, OFTP 624665 11697.1 31885 31612 656550 43309.1
All other credit refunds (AOCR) 780, 784, 788, 792, 796, 797, 804, 816 140297 4247.2 5317 2942.1 145614 7189.2
Net federal taxes Total federal tax minus AOCR 7449.9 28669.9 36119.8

* This number reflects amounts greater than five ($), except for net income/loss for income tax purposes (excluding exempt income) where all corporations have been counted regardless of its amount.
** 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