T2 Corporate Income Statistics - Universe Data
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Table 8: Industry 07 - Wholesale Trade, T2 (Form 200) Corporation Income Tax Statistics (amounts in millions of dollars)
| 2002 | 2003 | 2004 | 2005 | 2006 | ||
|---|---|---|---|---|---|---|
| Number of taxfilers | 85893 | 87424 | 88688 | 89508 | 87946 | |
| Tax item | T2 line number(s) | |||||
| Net income or loss for income tax purposes (excluding exempt income) | 300 minus exempt income | 11080.2 | 12442.5 | 14872.2 | 16923.5 | 17660.9 |
| Section 110.5 additions or subparagraph 115(1)(a)(vii) additions | 355 | 2.4 | 2.8 | 1.6 | 7.3 | 15.4 |
| Less | ||||||
| Charitable donations and gifts | 311, 312, 313, 314 | 93.8 | 104.3 | 129.9 | 150.3 | 148.5 |
| Taxable dividends deductible under section 112, 113, 138(6) | 320 | 1843.2 | 1458.8 | 1091.2 | 3145.3 | 1535.1 |
| Losses from previous years | 331, 332, 333, 334, 335 | 1025.6 | 988.3 | 1261.5 | 1071.9 | 1017 |
| Other deductions | 325, 340, 350 | 3.2 | 0.1 | 2.8 | 3 | 62.7 |
| Losses carried back | LCB | 529 | 433.7 | 524.7 | 443.4 | 217.1 |
| Subtotal | 3494.7 | 2985.2 | 3010.1 | 4813.9 | 2980.4 | |
| Taxable income (excluding exempt income)* | 360 minus exempt income | 9934.3 | 11658.4 | 14073.9 | 14461.1 | 16951.8 |
| Base amount of Part I tax | 550 | 3775 | 4430.2 | 5348.1 | 5495.2 | 6441.7 |
| Corporate surtax | 600 | 111.2 | 130.6 | 157.6 | 161.9 | 189.8 |
| Refundable tax on CCPC's investment income** | 602, 604 | 8.6 | 9.3 | 14.6 | 11.2 | 15.8 |
| Subtotal | 3894.9 | 4570 | 5520.3 | 5668.4 | 6647.3 | |
| Less credits from Part I tax payable | ||||||
| Small business deduction | 430 | 359.3 | 374.2 | 414.1 | 471.3 | 518.9 |
| Federal tax abatement | 608 | 979.4 | 1152.9 | 1392.2 | 1435.7 | 1690.3 |
| General tax reduction | 616, 438, 637, 638, 639 | 260.1 | 470.2 | 755 | 794.5 | 943.5 |
| Investment tax credits | 652, other carrybacks | 154.3 | 170.5 | 231.9 | 189.4 | 191.2 |
| Other credits | 620, 628, 632, 636, 640, 644, 648 | 60.8 | 71.5 | 67.4 | 58.6 | 18.9 |
| Subtotal | 1813.9 | 2239.3 | 2860.7 | 2949.6 | 3362.7 | |
| Part I tax payable | 700 | 2081 | 2330.7 | 2659.7 | 2718.8 | 3284.6 |
| Part I.3 tax payable | 704 | 48.3 | 48 | 26.7 | 20.4 | 1.8 |
| Other federal taxes payable (OFTP) | 708, 712, 716, 720, 724, 727, 728 | 15.3 | 15.9 | 18.7 | 17.1 | 58.7 |
| Total federal tax | 700, Part I.3 tax payable, OFTP | 2144.6 | 2394.7 | 2705 | 2756.3 | 3345.1 |
| All other credit refunds (AOCR) | 780, 784, 788, 792, 796, 797, 804, 816 | 73.8 | 89.3 | 117 | 113.3 | 118 |
| Net federal taxes | Total federal tax minus AOCR | 2070.8 | 2305.4 | 2588 | 2643 | 3227.1 |
* 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