T2 Corporate Income Statistics - Universe Data
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Table 14: Industry 13 - Services, T2 (Form 200) Corporation Income Tax Statistics (amounts in millions of dollars)
| 2002 | 2003 | 2004 | 2005 | 2006 | ||
|---|---|---|---|---|---|---|
| Number of taxfilers | 454540 | 476145 | 495427 | 510903 | 521505 | |
| Tax item | T2 line number(s) | |||||
| Net income or loss for income tax purposes (excluding exempt income) | 300 minus exempt income | 11640.9 | 13774.2 | 19295.8 | 23308.5 | 26540.3 |
| Section 110.5 additions or subparagraph 115(1)(a)(vii) additions | 355 | 24.6 | 15.4 | 46.1 | 22.7 | 12.4 |
| Less | ||||||
| Charitable donations and gifts | 311, 312, 313, 314 | 87.7 | 98.7 | 108.6 | 163.4 | 169.6 |
| Taxable dividends deductible under section 112, 113, 138(6) | 320 | 3368.5 | 2990 | 5048.6 | 7850.5 | 5629.2 |
| Losses from previous years | 331, 332, 333, 334, 335 | 2363.9 | 2706.9 | 2916 | 3314 | 3259.5 |
| Other deductions | 325, 340, 350 | 46.9 | 33 | 155.6 | 24.4 | 38.5 |
| Losses carried back | LCB | 1004.6 | 818.1 | 789.6 | 816.6 | 467.9 |
| Subtotal | 6871.6 | 6646.7 | 9018.4 | 12169 | 9564.7 | |
| Taxable income (excluding exempt income)* | 360 minus exempt income | 14279.9 | 15389.5 | 18578.9 | 20875.4 | 26020.6 |
| Base amount of Part I tax | 550 | 5426.2 | 5847.4 | 7060 | 7932.7 | 9887.8 |
| Corporate surtax | 600 | 159.9 | 172.5 | 208.1 | 233.8 | 291.4 |
| Refundable tax on CCPC's investment income** | 602, 604 | 43.1 | 43.2 | 57.7 | 72.3 | 108.8 |
| Subtotal | 5629.2 | 6063.1 | 7325.7 | 8238.7 | 10288.1 | |
| Less credits from Part I tax payable | ||||||
| Small business deduction | 430 | 1342.1 | 1461.4 | 1674 | 1999.5 | 2407.4 |
| Federal tax abatement | 608 | 1403.8 | 1514 | 1834.9 | 2076.7 | 2588.6 |
| General tax reduction | 616, 438, 637, 638, 639 | 177.1 | 282.8 | 486.6 | 509.7 | 655.5 |
| Investment tax credits | 652, other carrybacks | 160.3 | 231 | 315.9 | 229.3 | 256.4 |
| Other credits | 620, 628, 632, 636, 640, 644, 648 | 102.9 | 96.1 | 83.8 | 42.5 | 53.7 |
| Subtotal | 3186.1 | 3585.4 | 4395.3 | 4857.7 | 5961.7 | |
| Part I tax payable | 700 | 2443.1 | 2477.8 | 2930.5 | 3381 | 4326.4 |
| Part I.3 tax payable | 704 | 84.3 | 82.5 | 55.6 | 37.8 | 6 |
| Other federal taxes payable (OFTP) | 708, 712, 716, 720, 724, 727, 728 | 178.5 | 97.2 | 199.6 | 139.2 | 183.6 |
| Total federal tax | 700, Part I.3 tax payable, OFTP | 2706 | 2657.5 | 3185.6 | 3558 | 4516.1 |
| All other credit refunds (AOCR) | 780, 784, 788, 792, 796, 797, 804, 816 | 682.5 | 628.4 | 773 | 793 | 951.2 |
| Net federal taxes | Total federal tax minus AOCR | 2023.5 | 2029.1 | 2412.6 | 2765 | 3564.9 |
* 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