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INCOME TAXES - RATE RECONCILIATION (Details) - CAD ($)
$ in Millions
12 Months Ended
Dec. 31, 2021
Dec. 31, 2020
Dec. 31, 2019
INCOME TAX RATE RECONCILIATION      
Earnings before income taxes $ 7,729 $ 4,190 $ 7,535
Canadian federal statutory income tax rate 15.00% 15.00% 15.00%
Expected federal taxes at statutory rate $ 1,159 $ 629 $ 1,130
Increase/(decrease) resulting from:      
Provincial and state income taxes 228 288 415
Foreign and other statutory rate differentials 134 (53) 129
Effects of rate-regulated accounting (139) (145) (63)
Foreign allowable interest deductions 0 (4) (29)
Part VI.1 tax, net of federal Part I deduction 73 76 78
US Minimum Tax 0 44 67
Non-taxable portion of gain on sale of investment (23) 0 0
Valuation allowance 5 (6) 26
Intercorporate investments 0 0 (14)
Noncontrolling interests (17) (8) (13)
Other (5) (47) (18)
Income tax expense $ 1,415 $ 774 $ 1,708
Effective income tax rate (as a percent) 1830.00% 1850.00% 2270.00%