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61-219-XIE
Financial and taxation statistics for enterprises
2002

Highlights
  • Corporate operating profits grew moderately in 2002 in what was a stellar year for the Canadian economy according to the March 2003 issue of the Canadian Economic Observer. Solid gains in both the manufacturing and the retailing sectors propelled profits to their second highest level ever. On the downside, the oil and gas and the financial industries registered significant declines in profits for the year. Overall, Canadian corporations earned a total of $172.7 billion in profits in 2002, a 1.0% increase from 2001. Total corporate income tax declined 1.5% in 2002 to $35.2 billion, a more modest drop from the 9.5% decline posted in 2001.

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Date Modified: 2004-05-13 Important Notices