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Table 8: Industry 07 - Wholesale Trade, T2 (Form 200) Corporation Income Tax Statistics (amounts in millions of dollars)
| Tax Item | T2 Line number(s) | 2001 | 2002 | 2003 | 2004 | 2005 |
|---|---|---|---|---|---|---|
| Number of tax filers | 84071 | 85210 | 86463 | 87124 | 86839 | |
| Net income or loss for income tax purposes (excluding exempt income) | 300 minus exempt income | 8974.8 | 11190.8 | 11690.7 | 13821.9 | 15322.9 |
| Section 110.5 additions or subparagraph 115(1)(a)(vii) additions | 355 | 3.7 | 4 | 2.9 | 1.7 | 5.1 |
| Less | ||||||
| Charitable donations and gifts | 311, 312, 313, 314 | 113.9 | 92.6 | 96.8 | 106.7 | 125.8 |
| Taxable dividends deductible under section 112, 113, 138(6) | 320 | 1182.6 | 1755.5 | 1443.1 | 1042.2 | 2371.5 |
| Losses from previous years | 331, 332, 333, 334, 335 | 948.3 | 1028.6 | 989.3 | 1169.5 | 1038.6 |
| Other deductions | 325, 340, 350 | 10.7 | 3.2 | 0.1 | 2.8 | 2.2 |
| Losses carried back | LCB | 474.7 | 578.9 | 474.9 | 347.7 | 177.6 |
| Subtotal | 2730.2 | 3458.8 | 3004.1 | 2669 | 3715.8 | |
| Taxable income (excluding exempt income)* | 360 minus exempt income | 9434.4 | 9982.6 | 10915.6 | 13340.9 | 13962.9 |
| Base amount of Part I tax | 550 | 3585.1 | 3793.4 | 4147.9 | 5069.6 | 5305.9 |
| Corporate surtax | 600 | 105.6 | 111.8 | 122.2 | 149.4 | 156.4 |
| Refundable tax on CCPC's investment income** | 602, 604 | 9.3 | 8.6 | 9.3 | 14.9 | 11.8 |
| Subtotal | 3700 | 3913.8 | 4279.5 | 5233.8 | 5474.1 | |
| Less credits from part I tax payable | ||||||
| Small business deduction | 430 | 349.2 | 358.7 | 373.5 | 418.8 | 484 |
| Federal tax abatement | 608 | 933.4 | 984.2 | 1078.6 | 1318.9 | 1385.8 |
| General tax reduction | 616, 438, 637, 638, 639 | 132.7 | 260 | 429.2 | 700.8 | 753.5 |
| Investment tax credits | 652, Other carrybacks | 127.3 | 132.4 | 149.3 | 181.1 | 176.6 |
| Other credits | 620, 628, 632, 636, 640, 644, 648 | 47.4 | 61.3 | 71.7 | 67.6 | 57.4 |
| Subtotal | 1589.9 | 1796.5 | 2102.3 | 2687.2 | 2857.4 | |
| Part I tax payable | 700 | 2110 | 2117.2 | 2177.2 | 2546.6 | 2616.7 |
| Part I.3 tax payable | 704 | 53.1 | 49.4 | 47 | 27.8 | 20.6 |
| Other federal taxes payable (OFTP) | 708, 712, 716, 720, 724, 727, 728 | 28.4 | 15.3 | 16.6 | 18 | 16.5 |
| Total federal tax | 700, PartI.3 tax payable, OFTP | 2191.5 | 2182 | 2240.7 | 2592.4 | 2653.8 |
| All other credit refunds (AOCR) | 780, 784, 788, 792, 796, 797, 804, 816 | 81.1 | 74.7 | 90.1 | 116.5 | 110.8 |
| Net federal taxes | Total federal tax minus AOCR | 2110.4 | 2107.2 | 2150.7 | 2475.9 | 2543 |
* 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