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Table 12: Industry 11 - Deposit Accepting, 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 | 2327 | 2126 | 2001 | 1606 | 1489 | |
| Net income or loss for income tax purposes (excluding exempt income) | 300 minus exempt income | 9017.9 | 11822.6 | 26340.5 | 18790 | 14219.8 |
| Section 110.5 additions or subparagraph 115(1)(a)(vii) additions | 355 | 160.2 | 0 | 0 | 0 | 9.8 |
| Less | ||||||
| Charitable donations and gifts | 311, 312, 313, 314 | 28.3 | 154.9 | 90.9 | 123 | 87.5 |
| Taxable dividends deductible under section 112, 113, 138(6) | 320 | 5045.3 | 3944.6 | 5965.5 | 4158.3 | 5213.7 |
| Losses from previous years | 331, 332, 333, 334, 335 | 371.6 | 1305.3 | 511 | 196.2 | 81 |
| Other deductions | 325, 340, 350 | 443.2 | 256 | 451.8 | 156.7 | 548.6 |
| Losses carried back | LCB | 140.8 | 150.6 | 2187.2 | 414.9 | 31.3 |
| Subtotal | 6029.2 | 5811.4 | 9206.3 | 5049.2 | 5962.1 | |
| Taxable income (excluding exempt income)* | 360 minus exempt income | 5159 | 6175.8 | 17450.4 | 13974.6 | 10457.8 |
| Base amount of Part I tax | 550 | 1960.4 | 2346.8 | 6631.2 | 5310.3 | 3974 |
| Corporate surtax | 600 | 57.7 | 69.2 | 195.1 | 156.5 | 117.1 |
| Refundable tax on CCPC's investment income** | 602, 604 | 0 | 0 | 0 | 0 | 0 |
| Subtotal | 2018.2 | 2416 | 6826.3 | 5466.9 | 4091.1 | |
| Less credits from part I tax payable | ||||||
| Small business deduction | 430 | 32 | 31.8 | 30.8 | 25.5 | 26.5 |
| Federal tax abatement | 608 | 475.5 | 549.4 | 1469.5 | 1210.8 | 945.3 |
| General tax reduction | 616, 438, 637, 638, 639 | 39.8 | 150.4 | 783.6 | 891.5 | 685.8 |
| Investment tax credits | 652, Other carrybacks | 6.1 | 5.7 | 30.4 | 16.8 | 14.6 |
| Other credits | 620, 628, 632, 636, 640, 644, 648 | 352.9 | 228.9 | 347.3 | 352.3 | 429.6 |
| Subtotal | 906.3 | 966.2 | 2661.6 | 2496.9 | 2101.8 | |
| Part I tax payable | 700 | 1111.9 | 1449.7 | 4164.7 | 2970 | 1989.3 |
| Part I.3 tax payable | 704 | 64.4 | 72.3 | 30.6 | 22.3 | 36.1 |
| Other federal taxes payable (OFTP) | 708, 712, 716, 720, 724, 727, 728 | 198.9 | 115.4 | 151.9 | 55.5 | 133.8 |
| Total federal tax | 700, PartI.3 tax payable, OFTP | 1375.2 | 1637.4 | 4347.2 | 3047.7 | 2159.2 |
| All other credit refunds (AOCR) | 780, 784, 788, 792, 796, 797, 804, 816 | 1.8 | 1.7 | 10.1 | 0.1 | 0 |
| Net federal taxes | Total federal tax minus AOCR | 1373.4 | 1635.7 | 4337.1 | 3047.7 | 2159.2 |
* 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