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Table 10: Industry 09 - Transportation and Warehousing, 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 | 56816 | 59604 | 62258 | 65452 | 68626 | |
| Net income or loss for income tax purposes (excluding exempt income) | 300 minus exempt income | 12656.4 | 4350.6 | 4064.3 | 3897.3 | 7412.7 |
| Section 110.5 additions or subparagraph 115(1)(a)(vii) additions | 355 | 0.4 | 1.6 | 2.4 | 2.1 | 2.5 |
| Less | ||||||
| Charitable donations and gifts | 311, 312, 313, 314 | 21.7 | 34.4 | 57.5 | 28 | 47.3 |
| Taxable dividends deductible under section 112, 113, 138(6) | 320 | 10782.7 | 1089.8 | 1283.8 | 1667.7 | 1724.1 |
| Losses from previous years | 331, 332, 333, 334, 335 | 889.5 | 869.7 | 799.7 | 876.9 | 1943.6 |
| Other deductions | 325, 340, 350 | 4210 | 22.8 | 32.1 | 48.4 | 39.6 |
| Losses carried back | LCB | 321.7 | 306 | 163.7 | 172.4 | 108.8 |
| Subtotal | 16225.7 | 2322.7 | 2336.8 | 2793.4 | 3863.3 | |
| Taxable income (excluding exempt income)* | 360 minus exempt income | 2675.4 | 2995.1 | 2847.5 | 4029 | 4874.6 |
| Base amount of Part I tax | 550 | 1016.7 | 1138.1 | 1082 | 1531 | 1852.4 |
| Corporate surtax | 600 | 30.2 | 34 | 31.9 | 45.1 | 54.6 |
| Refundable tax on CCPC's investment income** | 602, 604 | 4 | 4.5 | 3 | 4.2 | 6.5 |
| Subtotal | 1050.8 | 1176.7 | 1117 | 1580.3 | 1913.5 | |
| Less credits from part I tax payable | ||||||
| Small business deduction | 430 | 133.1 | 141.3 | 145.1 | 172.1 | 207.6 |
| Federal tax abatement | 608 | 261.8 | 285.1 | 283.7 | 401.9 | 486.8 |
| General tax reduction | 616, 438, 637, 638, 639 | 19.8 | 61.7 | 93.1 | 196.5 | 241.9 |
| Investment tax credits | 652, Other carrybacks | 18 | 11.3 | 15.8 | 13.6 | 9.9 |
| Other credits | 620, 628, 632, 636, 640, 644, 648 | 3.4 | 3.8 | 3.2 | 3.1 | 2.4 |
| Subtotal | 436.1 | 503.2 | 540.8 | 787.2 | 948.5 | |
| Part I tax payable | 700 | 614.7 | 673.5 | 576.1 | 793.1 | 965 |
| Part I.3 tax payable | 704 | 92.8 | 82.2 | 89.3 | 61.8 | 59.1 |
| Other federal taxes payable (OFTP) | 708, 712, 716, 720, 724, 727, 728 | 17.5 | 21.4 | 17.7 | 25.2 | 26.9 |
| Total federal tax | 700, PartI.3 tax payable, OFTP | 724.9 | 777.1 | 683.2 | 880.2 | 1051 |
| All other credit refunds (AOCR) | 780, 784, 788, 792, 796, 797, 804, 816 | 23 | 28.6 | 21.1 | 32.2 | 36.5 |
| Net federal taxes | Total federal tax minus AOCR | 701.9 | 748.5 | 662 | 848 | 1014.5 |
* 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