T2 Corporate Income Statistics - Universe Data
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Table 4: Industry 03 - Mining, T2 (Form 200) Corporation Income Tax Statistics (amounts in millions of dollars)
| 2002 | 2003 | 2004 | 2005 | 2006 | ||
|---|---|---|---|---|---|---|
| Number of taxfilers | 1513 | 1534 | 1552 | 1546 | 1447 | |
| Tax item | T2 line number(s) | |||||
| Net income or loss for income tax purposes (excluding exempt income) | 300 minus exempt income | 1474.3 | 1807.8 | 2888.6 | 2938.4 | 4128.5 |
| Section 110.5 additions or subparagraph 115(1)(a)(vii) additions | 355 | 0 | 0 | 0.1 | 0.4 | 0 |
| Less | ||||||
| Charitable donations and gifts | 311, 312, 313, 314 | 13.3 | 7.5 | 27.2 | 8.9 | 11.3 |
| Taxable dividends deductible under section 112, 113, 138(6) | 320 | 525.2 | 1272 | 1376.4 | 1194.8 | 1849.6 |
| Losses from previous years | 331, 332, 333, 334, 335 | 260.7 | 338.6 | 358.8 | 313.6 | 760.6 |
| Other deductions | 325, 340, 350 | 47.6 | 93.1 | 11.5 | 4.9 | 91.2 |
| Losses carried back | LCB | 49.2 | 16.6 | 13.3 | 10.6 | 3.3 |
| Subtotal | 896 | 1727.9 | 1787.2 | 1532.9 | 2716.1 | |
| Taxable income (excluding exempt income)* | 360 minus exempt income | 1049.7 | 597.5 | 1592.2 | 2307.2 | 3721.2 |
| Base amount of Part I tax | 550 | 398.9 | 227 | 605 | 876.7 | 1414 |
| Corporate surtax | 600 | 11.8 | 6.7 | 17.8 | 25.8 | 41.7 |
| Refundable tax on CCPC's investment income** | 602, 604 | 0.4 | 0.3 | 2.9 | 0.5 | 0.6 |
| Subtotal | 411.1 | 234.1 | 625.8 | 903.1 | 1456.4 | |
| Less credits from Part I tax payable | ||||||
| Small business deduction | 430 | 4.9 | 5.3 | 6.3 | 7.1 | 8 |
| Federal tax abatement | 608 | 104.9 | 59.7 | 158.8 | 230.7 | 369.2 |
| General tax reduction | 616, 438, 637, 638, 639 | 4.9 | 11.9 | 35.8 | 72.3 | 194.6 |
| Investment tax credits | 652, other carrybacks | 18.8 | 11.6 | 42.3 | 65.5 | 25.1 |
| Other credits | 620, 628, 632, 636, 640, 644, 648 | 2 | 1.2 | 2.5 | 0.9 | 0 |
| Subtotal | 135.5 | 89.8 | 245.6 | 376.4 | 596.9 | |
| Part I tax payable | 700 | 275.6 | 144.3 | 380.1 | 526.6 | 859.5 |
| Part I.3 tax payable | 704 | 34.1 | 42.1 | 28.8 | 20.8 | 2.2 |
| Other federal taxes payable (OFTP) | 708, 712, 716, 720, 724, 727, 728 | 22.7 | 31.9 | 4.1 | 2.1 | 33.5 |
| Total federal tax | 700, Part I.3 tax payable, OFTP | 332.4 | 218.3 | 413.1 | 549.6 | 895.2 |
| All other credit refunds (AOCR) | 780, 784, 788, 792, 796, 797, 804, 816 | 2.9 | 2.4 | 9.7 | 3.1 | 6.3 |
| Net federal taxes | Total federal tax minus AOCR | 329.5 | 215.9 | 403.4 | 546.4 | 888.9 |
* 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