XML 82 R136.htm IDEA: XBRL DOCUMENT v3.19.3.a.u2
INCOME TAXES - RATE RECONCILIATION (Details) - CAD ($)
$ in Millions
3 Months Ended 12 Months Ended
Dec. 31, 2018
Mar. 31, 2018
Dec. 31, 2019
Dec. 31, 2018
Dec. 31, 2017
INCOME TAX RATE RECONCILIATION          
Earnings before income taxes     $ 7,535 $ 3,570 $ 569
Canadian federal statutory income tax rate     15.00% 15.00% 15.00%
Expected federal taxes at statutory rate     $ 1,130 $ 536 $ 85
Increase/(decrease) resulting from:          
Provincial and state income taxes     415 (24) 133
Foreign and other statutory rate differentials     129 94 (601)
Impact of United States tax reform $ (223) $ (30) 0 (2) (2,045)
Effects of rate-regulated accounting     (63) (163) (189)
Foreign allowable interest deductions     (29) (134) (124)
Part VI.1 tax, net of federal Part I deduction     78 76 68
Impairment of goodwill     0 192 15
United States BEAT tax     67 43 0
Non-taxable portion of gain on sale of investment to unrelated party     0 31 0
Valuation allowance     26 (172) (17)
Intercorporate investments     (14) (149) 77
Noncontrolling interests     (13) (47) (80)
Other     (18) (44) (19)
Income tax (recovery)/expense     $ 1,708 $ 237 $ (2,697)
Effective income tax rate (as a percent)     22.70% 6.60% (474.00%)