T2 Corporate Income Statistics - Universe Data
Disclaimer
We do not guarantee the accuracy of this copy of the CRA website.
Scraped Page Content
Table 13: Industry 12 - Other Finance and Insurance, T2 (Form 200) Corporation Income Tax Statistics (amounts in millions of dollars)
| 2002 | 2003 | 2004 | 2005 | 2006 | ||
|---|---|---|---|---|---|---|
| Number of taxfilers | 243874 | 249852 | 255913 | 262062 | 261826 | |
| Tax item | T2 line number(s) | |||||
| Net income or loss for income tax purposes (excluding exempt income) | 300 minus exempt income | 33987 | 35165 | 50599.2 | 62607.3 | 61681.9 |
| Section 110.5 additions or subparagraph 115(1)(a)(vii) additions | 355 | 9.3 | 10.6 | 9.6 | 8.8 | 16 |
| Less | ||||||
| Charitable donations and gifts | 311, 312, 313, 314 | 443.9 | 325 | 584.4 | 770.4 | 523 |
| Taxable dividends deductible under section 112, 113, 138(6) | 320 | 19187.6 | 20512.2 | 20014.5 | 25800.7 | 22815.9 |
| Losses from previous years | 331, 332, 333, 334, 335 | 3948.8 | 3635.3 | 4652.1 | 5146.9 | 4453.9 |
| Other deductions | 325, 340, 350 | 432.6 | 624.1 | 605.8 | 737.5 | 992.1 |
| Losses carried back | LCB | 1608.7 | 1378.6 | 1160.1 | 1233.9 | 1216.2 |
| Subtotal | 25621.6 | 26475.2 | 27016.9 | 33689.5 | 30001.1 | |
| Taxable income (excluding exempt income)* | 360 minus exempt income | 20090.8 | 24258.6 | 30349.3 | 35097 | 40083.5 |
| Base amount of Part I tax | 550 | 7606.1 | 9206 | 11527.1 | 13333 | 15227.5 |
| Corporate surtax | 600 | 224.6 | 273.6 | 340.9 | 391.6 | 442.5 |
| Refundable tax on CCPC's investment income** | 602, 604 | 280.9 | 291.7 | 343.4 | 439.1 | 535 |
| Subtotal | 8111.6 | 9771.4 | 12211.4 | 14163.7 | 16205 | |
| Less credits from Part I tax payable | ||||||
| Small business deduction | 430 | 361.9 | 400.4 | 459 | 541.1 | 617.5 |
| Federal tax abatement | 608 | 1898 | 2258.9 | 2838.5 | 3300.2 | 3815.2 |
| General tax reduction | 616, 438, 637, 638, 639 | 399.1 | 831.3 | 1484.8 | 1696.1 | 1890 |
| Investment tax credits | 652, other carrybacks | 33.4 | 43.4 | 44.7 | 57 | 49.5 |
| Other credits | 620, 628, 632, 636, 640, 644, 648 | 112.5 | 127.2 | 176.1 | 212 | 173.9 |
| Subtotal | 2804.8 | 3661.2 | 5003.2 | 5806.4 | 6546.2 | |
| Part I tax payable | 700 | 5306.8 | 6110.2 | 7208.2 | 8357.4 | 9658.8 |
| Part I.3 tax payable | 704 | 312.5 | 297.1 | 214.3 | 210.9 | 27.7 |
| Other federal taxes payable (OFTP) | 708, 712, 716, 720, 724, 727, 728 | 1061.2 | 982.2 | 1107.5 | 1248.5 | 1482.2 |
| Total federal tax | 700, Part I.3 tax payable, OFTP | 6680.5 | 7389.5 | 8530.1 | 9816.8 | 11168.8 |
| All other credit refunds (AOCR) | 780, 784, 788, 792, 796, 797, 804, 816 | 2043.6 | 1858.2 | 2164.8 | 2528.6 | 3006.6 |
| Net federal taxes | Total federal tax minus AOCR | 4637 | 5531.2 | 6365.2 | 7288.2 | 8162.2 |
* 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