XML 176 R151.htm IDEA: XBRL DOCUMENT v3.22.4
Income Taxes - Effective Income Tax Rate Reconciliation (Details) - CAD ($)
$ in Millions
12 Months Ended
Dec. 31, 2022
Dec. 31, 2021
Income Taxes [Abstract]    
Total net income (loss) $ 3,302 $ 4,370
Income tax expense (benefit) 621 727
Total net income (loss) before income taxes 3,923 5,097
Reconciliation of accounting profit multiplied by applicable tax rates [abstract]    
Taxes at the combined Canadian federal and provincial statutory income tax rate 1,089 1,338
Higher (lower) effective rates on income subject to taxation in foreign jurisdictions (286) (231)
Tax-exempt investment (income) loss (128) (345)
Adjustments in respect of prior periods, including resolution of tax disputes (19) (49)
Tax (benefit) cost of unrecognized tax losses and tax credits 18 6
Tax rate and other legislative changes (92) 10
Other 39 (2)
Total income tax expense (benefit) $ 621 $ 727
Reconciliation of average effective tax rate and applicable tax rate [abstract]    
Taxes at the combined Canadian federal and provincial statutory income tax rate 27.75% 26.30%
Higher (lower) effective rates on income subject to taxation in foreign jurisdictions (7.40%) (4.50%)
Tax-exempt investment (income) loss (3.30%) (6.80%)
Adjustments in respect of prior periods, including resolution of tax disputes (0.50%) (1.00%)
Tax (benefit) cost of unrecognized tax losses and tax credits 0.50% 0.10%
Tax rate and other legislative changes (2.30%) 0.20%
Other 1.00% 0.00%
Effective income tax rate 15.80% 14.30%