T2 Corporate Income Statistics - Universe Data
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Table 2: Industry 01 - Agriculture, Forestry, Fishing and Hunting, T2 (Form 200) Corporation Income Tax Statistics (amounts in millions of dollars)
| 2002 | 2003 | 2004 | 2005 | 2006 | ||
|---|---|---|---|---|---|---|
| Number of taxfilers | 60543 | 61860 | 62661 | 63211 | 62935 | |
| Tax item | T2 line number(s) | |||||
| Net income or loss for income tax purposes (excluding exempt income) | 300 minus exempt income | 2651.4 | 1996.4 | 3143.6 | 2852.6 | 3469.1 |
| Section 110.5 additions or subparagraph 115(1)(a)(vii) additions | 355 | 0 | 0.2 | 0 | 0 | 0 |
| Less | ||||||
| Charitable donations and gifts | 311, 312, 313, 314 | 14.6 | 12.7 | 18.4 | 29.4 | 19.9 |
| Taxable dividends deductible under section 112, 113, 138(6) | 320 | 640.7 | 439.9 | 544.3 | 621.3 | 598.5 |
| Losses from previous years | 331, 332, 333, 334, 335 | 361.9 | 294.2 | 920.8 | 613.8 | 640.6 |
| Other deductions | 325, 340, 350 | 0 | 0 | 0 | 0 | 0 |
| Losses carried back | LCB | 214.3 | 205.2 | 228.3 | 189.1 | 631.9 |
| Subtotal | 1231.5 | 952.1 | 1711.8 | 1453.7 | 1890.9 | |
| Taxable income (excluding exempt income)* | 360 minus exempt income | 2188.7 | 2114.4 | 2481.3 | 2566.1 | 2759.8 |
| Base amount of Part I tax | 550 | 831.7 | 803.5 | 942.9 | 975.1 | 1048.7 |
| Corporate surtax | 600 | 24.3 | 23.6 | 27.4 | 28.5 | 30.6 |
| Refundable tax on CCPC's investment income** | 602, 604 | 16 | 13.3 | 12.9 | 16.8 | 18.9 |
| Subtotal | 872 | 840.3 | 983.2 | 1020.4 | 1098.3 | |
| Less credits from Part I tax payable | ||||||
| Small business deduction | 430 | 265.9 | 271.4 | 297.6 | 315.2 | 326.1 |
| Federal tax abatement | 608 | 218.6 | 211.1 | 247.8 | 256.6 | 275.9 |
| General tax reduction | 616, 438, 637, 638, 639 | 17.5 | 16.2 | 31.3 | 26.4 | 32.3 |
| Investment tax credits | 652, other carrybacks | 44.4 | 34.6 | 39.3 | 25.5 | 26.2 |
| Other credits | 620, 628, 632, 636, 640, 644, 648 | 5.9 | 3.8 | 9.4 | 5.5 | 9.4 |
| Subtotal | 552.3 | 537.1 | 625.4 | 629.2 | 669.8 | |
| Part I tax payable | 700 | 319.7 | 303.2 | 357.8 | 391.2 | 428.5 |
| Part I.3 tax payable | 704 | 22.1 | 24.4 | 16.8 | 14.6 | 1.2 |
| Other federal taxes payable (OFTP) | 708, 712, 716, 720, 724, 727, 728 | 14.2 | 11.5 | 17.7 | 22.9 | 19.4 |
| Total federal tax | 700, Part I.3 tax payable, OFTP | 356 | 339.1 | 392.4 | 428.7 | 449 |
| All other credit refunds (AOCR) | 780, 784, 788, 792, 796, 797, 804, 816 | 70.4 | 67.3 | 72.1 | 86.8 | 100.8 |
| Net federal taxes | Total federal tax minus AOCR | 285.6 | 271.8 | 320.2 | 341.9 | 348.2 |
* 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