T2 Corporate Income Statistics - Universe Data
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Table 5: Industry 04 - Public Utilities, T2 (Form 200) Corporation Income Tax Statistics (amounts in millions of dollars)
| 2002 | 2003 | 2004 | 2005 | 2006 | ||
|---|---|---|---|---|---|---|
| Number of taxfilers | 1399 | 1459 | 1586 | 1690 | 1590 | |
| Tax item | T2 line number(s) | |||||
| Net income or loss for income tax purposes (excluding exempt income) | 300 minus exempt income | 3940.3 | 2501.4 | 2039.8 | 2630.9 | 3633.8 |
| Section 110.5 additions or subparagraph 115(1)(a)(vii) additions | 355 | 0 | 0 | 1.1 | 1.2 | 1.9 |
| Less | ||||||
| Charitable donations and gifts | 311, 312, 313, 314 | 8.1 | 6.4 | 7.2 | 6.3 | 10.4 |
| Taxable dividends deductible under section 112, 113, 138(6) | 320 | 1495.3 | 1355.1 | 1001.5 | 1337.6 | 1914.5 |
| Losses from previous years | 331, 332, 333, 334, 335 | 809.4 | 151.6 | 119.6 | 160.1 | 387.6 |
| Other deductions | 325, 340, 350 | 94.2 | 143.3 | 140.4 | 130.9 | 112.4 |
| Losses carried back | LCB | 126.1 | 124.9 | 78.3 | 239.3 | 23.3 |
| Subtotal | 2533.1 | 1781.3 | 1346.9 | 1874.3 | 2448.1 | |
| Taxable income (excluding exempt income)* | 360 minus exempt income | 1945.6 | 1391.6 | 1427.6 | 1090.3 | 1688 |
| Base amount of Part I tax | 550 | 739.3 | 528.8 | 542.5 | 414.3 | 641.4 |
| Corporate surtax | 600 | 21.8 | 15.6 | 16 | 12.2 | 18.9 |
| Refundable tax on CCPC's investment income** | 602, 604 | 0.5 | 0.6 | 0.2 | 0.3 | 1.2 |
| Subtotal | 761.6 | 545 | 558.6 | 426.8 | 661.5 | |
| Less credits from Part I tax payable | ||||||
| Small business deduction | 430 | 2.5 | 2.3 | 2.8 | 3.8 | 3.4 |
| Federal tax abatement | 608 | 194.4 | 139.2 | 142.7 | 108.7 | 167.7 |
| General tax reduction | 616, 438, 637, 638, 639 | 72.5 | 72.3 | 95.5 | 73.4 | 115.2 |
| Investment tax credits | 652, other carrybacks | 2.5 | 2.5 | 2.3 | 2.1 | 1.7 |
| Other credits | 620, 628, 632, 636, 640, 644, 648 | 2.1 | 2.1 | 0.8 | 1 | 2 |
| Subtotal | 274.1 | 218.4 | 244.2 | 189 | 290 | |
| Part I tax payable | 700 | 487.6 | 326.6 | 314.5 | 237.8 | 371.6 |
| Part I.3 tax payable | 704 | 55.8 | 64.2 | 52.6 | 52.8 | 0.3 |
| Other federal taxes payable (OFTP) | 708, 712, 716, 720, 724, 727, 728 | 42.7 | 48.7 | 48 | 44.4 | 37.9 |
| Total federal tax | 700, Part I.3 tax payable, OFTP | 586.1 | 439.5 | 415.1 | 334.9 | 409.7 |
| All other credit refunds (AOCR) | 780, 784, 788, 792, 796, 797, 804, 816 | 3 | 3.1 | 3 | 3 | 3.7 |
| Net federal taxes | Total federal tax minus AOCR | 583.1 | 436.4 | 412.1 | 332 | 406 |
* 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