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Share-based compensation (Tables)
 12 Months Ended
Dec. 31, 2021
Disclosure of terms and conditions of share-based payment arrangement [abstract]  
Summary of the activity related to restricted share units The following table presents a summary of the activity related to our restricted share units:
US$ denominatedCanadian $ denominated
Number of unitsWeighted average grant-date
fair value		Number of unitsWeighted average grant-date
fair value
Non-vestedVestedNon-vestedVested
Outstanding, January 1, 20192,456,315 — $5.69 — 145,345 $4.75 
Granted891,863 — 7.27 — — — 
Vested(1,162,723)1,162,723 5.07 — — — 
Exercised — (1,162,723)5.07 — (145,345)4.75 
Forfeited(83,722)— 5.95 — — — 
Outstanding, December 31, 20192,101,733 — 6.70 — — — 
Granted357,966 — 11.11 — — — 
Vested(982,395)982,395 6.51 — — — 
Exercised— (982,395)6.51 — — — 
Forfeited(93,662)— 7.12 — — — 
Outstanding, December 31, 20201,383,642 — 7.94 — — — 
Granted(1)
1,383,983 — 27.26 — — — 
Vested(805,429)805,429 7.29 — — — 
Exercised(2)
— (805,429)7.29 — — — 
Forfeited(111,389)— 20.16 — — — 
Outstanding, December 31, 20211,850,807 — $21.94 — — $— 
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(1)Comprised of 1,191,919 RSUs and 192,064 PSUs, respectively.
(2)During the year ended December 31, 2021, 32,244 RSUs were exercised and settled with subordinate voting shares issued from treasury, and 773,185 Phantom RSUs and Phantom PSUs were exercised and cash-settled for $26 million based on a weighted average share price on the dates of exercises of $33.24.
202120202019
Phantom TELUS
Corporation restricted
share units		Phantom TELUS
Corporation restricted
share units		Phantom TELUS
Corporation restricted
share units
Years Ended December 31 Canadian $ denominatedNon-vestedVestedWeighted
average
grant-date
fair value		Non-vestedVestedWeighted
average
grant-date
fair value		Non-vestedVestedWeighted
average
grant-date
fair value
Outstanding, beginning of year156,749 — $24.17 253,622 — $23.78 263,128 — $16.45 
Granted(1)
24,757 — 27.58 13,217 — 24.97 94,342 — 21.38 
Vested(85,154)85,154 23.96 (113,737)113,737 25.49 (113,062)113,062 21.25 
Dividends5,023 1,591 27.43 10,156 — 15.42 9,214 — 26.99 
Exercised(2)
— (86,745)25.22 — (113,737)25.49 — (113,062)21.25 
Forfeited(23,364)— 24.72 (6,509)— 23.59 — — — 
Outstanding, end of year78,011 — $24.20 156,749 — $24.17 253,622 — $23.78 
(1)Awards granted during the year ended December 31, 2021 were due to exceeding performance targets on vested units.
(2)During the year ended December 31, 2021, Phantom TELUS Corporation RSUs exercised were cash-settled for $2 million, reflecting the share price on the date of exercise of C$27.58.
Summary of the activity related to share option awards
The following table presents a summary of the activity related to our share option awards.
US $ denominatedCanadian $ denominated
Number of share
option units		Number of share
option units
Non-vestedVestedWeighted
average
exercise
price		Non-vestedVestedWeighted
average
exercise
price
Outstanding, January 1, 20193,864,307 — $6.63 — 242,244 $4.75 
Granted612,351 — 8.46 — — — 
Outstanding, December 31, 20194,476,658 — 6.91 — 242,244 4.75 
Vested(3,822,025)3,822,025 6.21 — — — 
Exercised — (554,602)6.21 — — — 
Outstanding, December 31, 2020654,633 3,267,423 6.94 — 242,244 4.75 
Granted579,949 — 25.00 — — — 
Vested(150,397)150,397 5.78 — — — 
Exercised1
— (1,321,238)5.74 — (242,244)4.75 
Outstanding, December 31, 2021(2)
1,084,185 2,096,582 $10.74 — — $— 
Exercisable, December 31, 2021— 2,096,582 $7.45 — — $— 
(1)During the year ended December 31, 2021, 715,884 Share Options were exercised and settled, net of withholding tax obligations, for 382,367 shares issued from treasury, and 847,598 Phantom Share Options were exercised and cash-settled for $17 million and an additional $5 million that was accrued and payable in January 2022, reflecting the intrinsic value at the date of settlement and a weighted average share price on the dates of exercises of $31.23.
(2)For options outstanding at the end of the period, the exercise prices ranged from $4.87 to $8.95 for 2,600,818 options with a weighted-average remaining contractual life of 5.6 years, and $25.00 for 579,949 options with a weighted-average remaining expected life of 9.2 years.
Weighted average fair value assumptions used in the Black-Scholes valuation for stock options
The weighted average fair value of Share Options granted during the twelve-month period ended December 31, 2021, and the weighted average assumptions used in the fair value estimation at the time of grant, calculated by using the Black-Scholes model, are as follows:
Year Ended December 312021
Share option award fair value (per share option)$5.34
Risk free interest rate0.73%
Expected lives (years)6.5
Expected volatility19.30%
Dividend yield—