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Table 5: Industry 04 - Public Utilities, 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 | 1316 | 1376 | 1431 | 1540 | 1613 | |
| Net income or loss for income tax purposes (excluding exempt income) | 300 minus exempt income | 2307.9 | 3810.2 | 2332.2 | 2108.7 | 2530.2 |
| Section 110.5 additions or subparagraph 115(1)(a)(vii) additions | 355 | 0 | 0 | 0 | 0 | 1.2 |
| Less | ||||||
| Charitable donations and gifts | 311, 312, 313, 314 | 8.4 | 8.1 | 6 | 6.7 | 5.6 |
| Taxable dividends deductible under section 112, 113, 138(6) | 320 | 1151.4 | 1483.6 | 1336.2 | 965.5 | 1293 |
| Losses from previous years | 331, 332, 333, 334, 335 | 534.1 | 697.3 | 135.9 | 122.7 | 137.6 |
| Other deductions | 325, 340, 350 | 97.9 | 94.2 | 143.3 | 140.4 | 130.9 |
| Losses carried back | LCB | 55.5 | 93.5 | 87.4 | 26.1 | 173.4 |
| Subtotal | 1847.4 | 2376.7 | 1708.8 | 1261.4 | 1740.5 | |
| Taxable income (excluding exempt income)* | 360 minus exempt income | 1314.7 | 1898.8 | 1346.5 | 1562.5 | 1112.5 |
| Base amount of Part I tax | 550 | 499.6 | 721.6 | 511.7 | 593.8 | 422.7 |
| Corporate surtax | 600 | 14.7 | 21.3 | 15.1 | 17.5 | 12.5 |
| Refundable tax on CCPC's investment income** | 602, 604 | 0.2 | 0.5 | 0.6 | 0.6 | 0.8 |
| Subtotal | 514.5 | 743.4 | 527.3 | 611.9 | 436 | |
| Less credits from part I tax payable | ||||||
| Small business deduction | 430 | 2.3 | 2.5 | 2.3 | 2.8 | 4 |
| Federal tax abatement | 608 | 130.7 | 186.4 | 131.4 | 153.1 | 110.9 |
| General tax reduction | 616, 438, 637, 638, 639 | 28.5 | 68.3 | 69.6 | 102.5 | 74.2 |
| Investment tax credits | 652, Other carrybacks | 4.1 | 2 | 1.8 | 2.5 | 1.8 |
| Other credits | 620, 628, 632, 636, 640, 644, 648 | 1.4 | 2.1 | 1.8 | 0.9 | 1 |
| Subtotal | 167 | 261.4 | 206.9 | 261.7 | 191.9 | |
| Part I tax payable | 700 | 347.5 | 482 | 320.4 | 350.2 | 244.2 |
| Part I.3 tax payable | 704 | 60.1 | 53.5 | 61.1 | 50.1 | 51.5 |
| Other federal taxes payable (OFTP) | 708, 712, 716, 720, 724, 727, 728 | 44.4 | 42.7 | 48.7 | 49.7 | 45.9 |
| Total federal tax | 700, PartI.3 tax payable, OFTP | 452 | 578.2 | 430.3 | 450 | 341.6 |
| All other credit refunds (AOCR) | 780, 784, 788, 792, 796, 797, 804, 816 | 1.4 | 3 | 3.1 | 6.7 | 6.6 |
| Net federal taxes | Total federal tax minus AOCR | 450.5 | 575.3 | 427.2 | 443.3 | 335 |
* 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