T2 Corporate Income Statistics - Universe Data
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Table 6: Industry 05 - Construction, T2 (Form 200) Corporation Income Tax Statistics (amounts in millions of dollars)
| 2002 | 2003 | 2004 | 2005 | 2006 | ||
|---|---|---|---|---|---|---|
| Number of taxfilers | 150014 | 156024 | 163151 | 169703 | 174991 | |
| Tax item | T2 line number(s) | |||||
| Net income or loss for income tax purposes (excluding exempt income) | 300 minus exempt income | 4836.7 | 5627.6 | 7129.8 | 8777.4 | 11816.4 |
| Section 110.5 additions or subparagraph 115(1)(a)(vii) additions | 355 | 0.1 | 0.3 | 0.2 | 0.2 | 0.8 |
| Less | ||||||
| Charitable donations and gifts | 311, 312, 313, 314 | 40 | 45.3 | 118.3 | 64.4 | 76 |
| Taxable dividends deductible under section 112, 113, 138(6) | 320 | 484.4 | 592.9 | 782.6 | 934.8 | 1306.6 |
| Losses from previous years | 331, 332, 333, 334, 335 | 1144.8 | 1050.5 | 1152.2 | 1213.8 | 1283.1 |
| Other deductions | 325, 340, 350 | 2.7 | 20.5 | 58.3 | 110 | 3.4 |
| Losses carried back | LCB | 434.5 | 443.9 | 526.6 | 507.8 | 333.8 |
| Subtotal | 2106.3 | 2153.1 | 2638 | 2830.8 | 3002.9 | |
| Taxable income (excluding exempt income)* | 360 minus exempt income | 4679.3 | 5528.3 | 6685.1 | 8281.9 | 11148.6 |
| Base amount of Part I tax | 550 | 1777.7 | 2100.8 | 2540.3 | 3147.1 | 4236.5 |
| Corporate surtax | 600 | 52.4 | 61.9 | 74.9 | 92.7 | 124.9 |
| Refundable tax on CCPC's investment income** | 602, 604 | 18.9 | 21.2 | 25.7 | 38.5 | 52 |
| Subtotal | 1848.9 | 2183.9 | 2640.9 | 3278.4 | 4413.4 | |
| Less credits from Part I tax payable | ||||||
| Small business deduction | 430 | 456.1 | 513.8 | 607.7 | 746.8 | 930.1 |
| Federal tax abatement | 608 | 465.9 | 550.3 | 664.9 | 820.9 | 1113.3 |
| General tax reduction | 616, 438, 637, 638, 639 | 50.6 | 96.9 | 165.7 | 212.6 | 319.3 |
| Investment tax credits | 652, other carrybacks | 12.8 | 10.2 | 10.5 | 11.6 | 23.9 |
| Other credits | 620, 628, 632, 636, 640, 644, 648 | 6.9 | 10.8 | 8.1 | 7.7 | 5.9 |
| Subtotal | 992.3 | 1182 | 1456.9 | 1799.6 | 2392.5 | |
| Part I tax payable | 700 | 856.6 | 1001.9 | 1184.1 | 1478.8 | 2020.8 |
| Part I.3 tax payable | 704 | 33.5 | 32.1 | 17.6 | 16.1 | 4.5 |
| Other federal taxes payable (OFTP) | 708, 712, 716, 720, 724, 727, 728 | 32 | 36 | 43.6 | 122.5 | 73 |
| Total federal tax | 700, Part I.3 tax payable, OFTP | 922.1 | 1070.1 | 1245.2 | 1617.3 | 2098.3 |
| All other credit refunds (AOCR) | 780, 784, 788, 792, 796, 797, 804, 816 | 109.1 | 118.7 | 123.2 | 214.6 | 243 |
| Net federal taxes | Total federal tax minus AOCR | 813 | 951.4 | 1122 | 1402.7 | 1855.3 |
* 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