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Share-Based Compensation Plans (Tables)
12 Months Ended
Dec. 31, 2021
Disclosure of share-based payment arrangements [text block] [Abstract]  
Schedule of share-based compensation expense included in the consolidated statements of income

For the years ended December 31,

 

2021

 

2020

 

2019

Operating expenses

 

$

73,723

 

$

12,500

 

$

16,035

Schedule of number of stock options outstanding and their weighted average exercise price
 

Telesat Canada time
vesting options

 

Telesat Canada
performance
vesting options

 

Telesat Corporation
time vesting options

   

Number of
options

 

Weighted
average
exercise 
price

 

Number of
options

 

Weighted
average
exercise 
price

 

Number of
options

 

Weighted
average
exercise
price

Outstanding at December 31, 2019 and January 1, 2020

 

7,544,617

 

 

$

25.63

 

409,953

 

 

$

11.07

 

 

$

Granted

 

650,000

 

 

 

   

 

 

 

   

 

 

 

Forfeited

 

(246,049

)

 

 

   

(3,691

)

 

 

   

 

 

 

Exercised (Note 25)

 

 

 

 

   

 

 

 

   

 

 

 

Expired

 

 

 

 

   

 

 

 

   

 

 

 

Outstanding at December 31, 2020

 

7,948,568

 

 

$

25.83

 

406,262

 

 

$

11.07

 

 

$

Cancelled

 

(6,197,775

)

 

 

   

 

 

 

   

 

 

 

Granted

 

77,500

 

 

 

   

 

 

 

   

 

 

 

Forfeited

 

(46,761

)

 

 

   

(9,229

)

 

 

   

 

 

 

Exercised (Note 25)

 

(600

)

 

 

   

 

 

 

   

 

 

 

Exchanged upon close of Transaction

 

(1,780,932

)

 

 

   

(397,033

)

 

 

   

900,789

 

 

 

Expired

 

 

 

 

   

 

 

 

   

 

 

 

Outstanding at December 31, 2021

 

 

 

$

 

 

 

$

 

900,789

 

$

48.77

Schedule of stock options that are exercisable and the weighted average remaining life
 

As at
December 31,
2021

 

As at
December 31,
2020

Telesat Canada time vesting options

 

 

5,779,565

Telesat Canada performance vesting options

 

 

406,266

Telesat Corporation time vesting options

 

875,880

 

Weighted average remaining life

 

2 years

 

6 years

Schedule of share-based compensation expense for stock options using the Black-Scholes option pricing model
 

2021

 

2020

 

2019

Dividend yield

 

%

 

%

 

%

Expected volatility

 

35.0

%

 

32.7

%

 

32.4

%

Risk-free interest rate

 

1.85

%

 

2.79

%

 

2.93

%

Expected life (years)

 

10

 

 

10

 

 

10

 

Schedule of number of restricted share units outstanding

As at December 31,

 

Telesat
Canada
RSUs
with time
criteria

 

Telesat
Canada
RSUs with
time and
performance
criteria

 

Telesat
Corporation
RSUs with
time criteria

 

Telesat
Corporation
RSUs with time
and
performance
criteria

Outstanding, December 31, 2019 and January 1, 2020

 

133,333

 

 

 

 

 

Settled

 

(66,666

)

 

 

 

 

Outstanding, December 31, 2020 and January 1, 2021

 

66,667

 

 

 

 

 

Granted

 

3,230,000

 

 

300,000

 

 

 

Exchange upon close of Transaction

 

(3,296,667

)

 

(300,000

)

 

1,363,501

 

124,080

Outstanding, December 31, 2021

 

 

 

 

 

1,363,501

 

124,080