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INCOME TAXES - RATE RECONCILIATION (Details) - CAD ($)
$ in Millions
12 Months Ended
Dec. 31, 2020
Dec. 31, 2019
Dec. 31, 2018
INCOME TAX RATE RECONCILIATION      
Earnings before income taxes $ 4,190 $ 7,535 $ 3,570
Canadian federal statutory income tax rate 15.00% 15.00% 15.00%
Expected federal taxes at statutory rate $ 629 $ 1,130 $ 536
Increase/(decrease) resulting from:      
Provincial and state income taxes 288 415 (24)
Foreign and other statutory rate differentials (53) 129 94
Impact of US tax reform 0 0 (2)
Effects of rate-regulated accounting (145) (63) (163)
Foreign allowable interest deductions (4) (29) (134)
Part VI.1 tax, net of federal Part I deduction 76 78 76
Impairment of goodwill 0 0 192
US BEAT 44 67 43
Non-taxable portion of gain on sale of investment to unrelated party 0 0 31
Valuation allowance (6) 26 (172)
Intercorporate investments 0 (14) (149)
Noncontrolling interests (8) (13) (47)
Other (47) (18) (44)
Income tax expense $ 774 $ 1,708 $ 237
Effective income tax rate (as a percent) 18.50% 22.70% 6.60%