Contact us
Disclaimer
We do not guarantee the accuracy of this copy of the CRA website.
Scraped Page Content
Table 11: Industry 10 - Information and Cultural Industries, 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 | 23047 | 24353 | 25471 | 26078 | 26208 | |
| Net income or loss for income tax purposes (excluding exempt income) | 300 minus exempt income | 9412.9 | 1347.4 | 3868 | 10217.3 | 12955.6 |
| Section 110.5 additions or subparagraph 115(1)(a)(vii) additions | 355 | 4 | 6.4 | 3.9 | 6.3 | 5.7 |
| Less | ||||||
| Charitable donations and gifts | 311, 312, 313, 314 | 18.1 | 22.8 | 42.3 | 40.8 | 43 |
| Taxable dividends deductible under section 112, 113, 138(6) | 320 | 7134.3 | 3636 | 3319.9 | 5242.9 | 5639.4 |
| Losses from previous years | 331, 332, 333, 334, 335 | 2142.9 | 1349.2 | 2705.7 | 3798.4 | 5898.6 |
| Other deductions | 325, 340, 350 | 252.3 | 732.6 | 233.4 | 229.3 | 202.4 |
| Losses carried back | LCB | 514.8 | 196.6 | 244.3 | 228 | 147.3 |
| Subtotal | 10062.5 | 5937.2 | 6545.6 | 9539.4 | 11930.7 | |
| Taxable income (excluding exempt income)* | 360 minus exempt income | 5149.2 | 2763.3 | 2482.8 | 3426 | 2723.3 |
| Base amount of Part I tax | 550 | 1948.3 | 1041.6 | 942.7 | 1301.9 | 1034.8 |
| Corporate surtax | 600 | 45.3 | 30.2 | 27.8 | 38.4 | 30.5 |
| Refundable tax on CCPC's investment income** | 602, 604 | 3.5 | 1.7 | 2.6 | 2.2 | 2.7 |
| Subtotal | 1997.1 | 1073.5 | 973 | 1342.5 | 1068.1 | |
| Less credits from part I tax payable | ||||||
| Small business deduction | 430 | 50.3 | 49.6 | 51.7 | 56.6 | 66.6 |
| Federal tax abatement | 608 | 507.7 | 268.9 | 246.6 | 341.6 | 271.1 |
| General tax reduction | 616, 438, 637, 638, 639 | 46.2 | 75.2 | 105.5 | 206.6 | 158.7 |
| Investment tax credits | 652, Other carrybacks | 335.8 | 218.4 | 177.4 | 243.4 | 62.6 |
| Other credits | 620, 628, 632, 636, 640, 644, 648 | 7.7 | 8.8 | 6.8 | 8.2 | 7.7 |
| Subtotal | 947.7 | 620.9 | 588 | 856.5 | 566.7 | |
| Part I tax payable | 700 | 1049.4 | 452.6 | 385 | 486 | 501.3 |
| Part I.3 tax payable | 704 | 91.2 | 111.6 | 102.2 | 82.1 | 86.1 |
| Other federal taxes payable (OFTP) | 708, 712, 716, 720, 724, 727, 728 | 121.7 | 340.6 | 82.6 | 79.4 | 76.5 |
| Total federal tax | 700, PartI.3 tax payable, OFTP | 1262.2 | 904.8 | 569.9 | 647.6 | 664 |
| All other credit refunds (AOCR) | 780, 784, 788, 792, 796, 797, 804, 816 | 586.3 | 326.1 | 311.9 | 317.5 | 327.6 |
| Net federal taxes | Total federal tax minus AOCR | 675.9 | 578.7 | 258 | 330.1 | 336.3 |
* 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