T2 Corporate Income Statistics - Universe Data
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Table 11: Industry 10 - Information and Cultural Industries, T2 (Form 200) Corporation Income Tax Statistics (amounts in millions of dollars)
| 2002 | 2003 | 2004 | 2005 | 2006 | ||
|---|---|---|---|---|---|---|
| Number of taxfilers | 24675 | 25978 | 26867 | 27563 | 27183 | |
| Tax item | T2 line number(s) | |||||
| Net income or loss for income tax purposes (excluding exempt income) | 300 minus exempt income | 1593.9 | 4646.5 | 10191.7 | 12719.2 | 13504.5 |
| Section 110.5 additions or subparagraph 115(1)(a)(vii) additions | 355 | 6.4 | 3.9 | 6.3 | 5.7 | 5.6 |
| Less | ||||||
| Charitable donations and gifts | 311, 312, 313, 314 | 22 | 42.6 | 40.7 | 43.6 | 25.9 |
| Taxable dividends deductible under section 112, 113, 138(6) | 320 | 3633.6 | 3320.9 | 5249.7 | 5424 | 10228.7 |
| Losses from previous years | 331, 332, 333, 334, 335 | 1450.9 | 2950.4 | 4016.8 | 5713.1 | 3537.7 |
| Other deductions | 325, 340, 350 | 732.6 | 233.4 | 92 | 35.3 | 183.2 |
| Losses carried back | LCB | 210 | 253.3 | 145.3 | 182.1 | 87.6 |
| Subtotal | 6049.2 | 6800.6 | 9544.5 | 11398.2 | 14063.1 | |
| Taxable income (excluding exempt income)* | 360 minus exempt income | 2771.6 | 2856.1 | 3409 | 3051.3 | 2923.3 |
| Base amount of Part I tax | 550 | 1044.7 | 1084.5 | 1295.4 | 1159.5 | 1110.9 |
| Corporate surtax | 600 | 30.3 | 31.9 | 38.2 | 34.2 | 32.7 |
| Refundable tax on CCPC's investment income** | 602, 604 | 1.7 | 2.6 | 2.3 | 2.7 | 3 |
| Subtotal | 1076.7 | 1119.1 | 1335.9 | 1196.4 | 1146.6 | |
| Less credits from Part I tax payable | ||||||
| Small business deduction | 430 | 49.8 | 51.9 | 56 | 65.2 | 72.6 |
| Federal tax abatement | 608 | 269.7 | 284 | 339.9 | 303.9 | 291.8 |
| General tax reduction | 616, 438, 637, 638, 639 | 75.3 | 124 | 205.4 | 182.3 | 169.8 |
| Investment tax credits | 652, other carrybacks | 218.6 | 178.4 | 218.3 | 101.2 | 74.1 |
| Other credits | 620, 628, 632, 636, 640, 644, 648 | 8.8 | 6.6 | 9.2 | 8.8 | 10.7 |
| Subtotal | 622.2 | 644.9 | 828.8 | 661.4 | 619 | |
| Part I tax payable | 700 | 454.5 | 474.1 | 507 | 534.9 | 527.6 |
| Part I.3 tax payable | 704 | 112.3 | 104.2 | 81.1 | 82.9 | 6.4 |
| Other federal taxes payable (OFTP) | 708, 712, 716, 720, 724, 727, 728 | 340.6 | 82.7 | 33.6 | 20.7 | 65.8 |
| Total federal tax | 700, Part I.3 tax payable, OFTP | 907.3 | 661 | 621.8 | 638.5 | 599.8 |
| All other credit refunds (AOCR) | 780, 784, 788, 792, 796, 797, 804, 816 | 327.1 | 313.7 | 321.7 | 343.5 | 361.3 |
| Net federal taxes | Total federal tax minus AOCR | 580.2 | 347.2 | 300 | 295.1 | 238.5 |
* 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