T2 Corporate Income Statistics - Universe Data
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Table 15: Industry 14 - Management of Companies and Enterprises, T2 (Form 200) Corporation Income Tax Statistics (amounts in millions of dollars)
| 2002 | 2003 | 2004 | 2005 | 2006 | ||
|---|---|---|---|---|---|---|
| Number of taxfilers | 93846 | 96345 | 100229 | 103777 | 106412 | |
| Tax item | T2 line number(s) | |||||
| Net income or loss for income tax purposes (excluding exempt income) | 300 minus exempt income | 52295.1 | 47724.7 | 59641.8 | 82528.1 | 71945.1 |
| Section 110.5 additions or subparagraph 115(1)(a)(vii) additions | 355 | 37.5 | 15.6 | 15.4 | 8.4 | 35.6 |
| Less | ||||||
| Charitable donations and gifts | 311, 312, 313, 314 | 175.5 | 143.1 | 164.1 | 159.6 | 698.4 |
| Taxable dividends deductible under section 112, 113, 138(6) | 320 | 47621.1 | 44643 | 55017.4 | 74107.3 | 57664.8 |
| Losses from previous years | 331, 332, 333, 334, 335 | 1659.6 | 2119 | 1854.1 | 3088.1 | 3900.7 |
| Other deductions | 325, 340, 350 | 129.9 | 124.2 | 150.7 | 41.7 | 160.5 |
| Losses carried back | LCB | 549.6 | 570.6 | 399.4 | 577.6 | 1513.5 |
| Subtotal | 50135.6 | 47600 | 57585.7 | 77974.3 | 63937.9 | |
| Taxable income (excluding exempt income)* | 360 minus exempt income | 7001.9 | 5234.9 | 7201.8 | 10869.9 | 13467.9 |
| Base amount of Part I tax | 550 | 2567.6 | 1966.2 | 2736.9 | 4130.6 | 5117.8 |
| Corporate surtax | 600 | 70.2 | 56.4 | 80.3 | 115.1 | 145.8 |
| Refundable tax on CCPC's investment income** | 602, 604 | 97.6 | 80.3 | 84 | 123.2 | 199.2 |
| Subtotal | 2735.4 | 2102.9 | 2901.3 | 4368.8 | 5462.8 | |
| Less credits from Part I tax payable | ||||||
| Small business deduction | 430 | 87.4 | 95.2 | 107.6 | 132.6 | 159.7 |
| Federal tax abatement | 608 | 600.2 | 482.1 | 698.7 | 859.3 | 1201.9 |
| General tax reduction | 616, 438, 637, 638, 639 | 173.2 | 162.8 | 341.1 | 524 | 604.7 |
| Investment tax credits | 652, other carrybacks | 59.4 | 39 | 26.2 | 23.6 | 33.8 |
| Other credits | 620, 628, 632, 636, 640, 644, 648 | 48.1 | 41.9 | 69.3 | 311.7 | 233.2 |
| Subtotal | 968.3 | 821 | 1242.9 | 1851.3 | 2233.4 | |
| Part I tax payable | 700 | 1767.1 | 1281.9 | 1658.3 | 2517.5 | 3229.4 |
| Part I.3 tax payable | 704 | 66.7 | 66.5 | 48.2 | 57.4 | 4.9 |
| Other federal taxes payable (OFTP) | 708, 712, 716, 720, 724, 727, 728 | 799.4 | 668.2 | 844.2 | 850.3 | 1076.6 |
| Total federal tax | 700, Part I.3 tax payable, OFTP | 2633.2 | 2016.6 | 2550.7 | 3425.2 | 4310.9 |
| All other credit refunds (AOCR) | 780, 784, 788, 792, 796, 797, 804, 816 | 1426.5 | 985.8 | 1125.5 | 1361.6 | 1600.8 |
| Net federal taxes | Total federal tax minus AOCR | 1206.7 | 1030.8 | 1425.2 | 2063.5 | 2710.1 |
* 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