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Text table 2.1
Taxation statistics for enterprises, 2008
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| All industries | Non-financial | Financial | ||||
|---|---|---|---|---|---|---|
| billions of dollars | percentage | billions of dollars | percentage | billions of dollars | percentage | |
| Taxable income (tax base) | 177.2 | 100.0 | 152.2 | 100.0 | 25.0 | 100.0 |
| Tax otherwise payable | 69.7 | 39.3 | 59.7 | 39.3 | 10.0 | 39.9 |
| Surtax | 0.2 | 0.1 | 0.2 | 0.1 | 0.0 | 0.0 |
| Total tax payable | 69.9 | 39.4 | 59.9 | 39.4 | 10.0 | 39.9 |
| Tax credits | ||||||
| Federal tax abatement | 17.8 | 10.1 | 15.4 | 10.1 | 2.4 | 9.7 |
| Small business deduction | 8.0 | 4.5 | 7.6 | 5.0 | 0.4 | 1.5 |
| Manufacturing and processing profits deduction | 1.5 | 0.9 | 1.5 | 1.0 | 0.0 | 0.0 |
| Investment tax credit | 1.7 | 0.9 | 1.7 | 1.1 | 0.0 | 0.0 |
| Other credits | 8.8 | 5.0 | 7.0 | 4.6 | 1.8 | 7.1 |
| Total tax credits used | 37.8 | 21.3 | 33.2 | 21.8 | 4.6 | 18.3 |
| Net Part 1 tax payable | 32.1 | 18.1 | 26.7 | 17.6 | 5.4 | 21.6 |
| Other direct federal taxes | 2.0 | 1.2 | 0.8 | 0.5 | 1.2 | 5.0 |
| Federal tax payable | 34.1 | 19.3 | 27.5 | 18.1 | 6.6 | 26.6 |
| Provincial tax payable | 18.0 | 10.1 | 15.0 | 9.8 | 3.0 | 11.9 |
| Total taxes | 52.1 | 29.4 | 42.5 | 27.9 | 9.6 | 38.5 |
