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INCOME TAXES - Schedule of Income Tax Rate Reconciliation (Details) - CAD ($)
$ in Millions
12 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Dec. 31, 2022
INCOME TAX RATE RECONCILIATION      
Earnings before income taxes $ 7,299 $ 7,879 $ 4,542
Canadian federal statutory income tax rate 15.00% 15.00% 15.00%
Expected federal taxes at statutory rate $ 1,095 $ 1,182 $ 681
Increase/(decrease) resulting from:      
Provincial and state income taxes 183 411 108
Foreign and other statutory rate differentials 340 187 295
Effects of rate-regulated accounting (192) (106) (122)
Write-off of regulatory deferrals 4 115 0
Part VI.1 tax, net of federal Part I deduction 73 66 76
US minimum tax 148 100 107
Non-taxable portion of gain on sale of investment (147) 0 0
Valuation allowance (2) (12) 6
Accounting impairment of non-deductible goodwill 148 0 370
Noncontrolling interests (30) 19 9
Investment and production tax credits (23) (47) 0
Other 71 (94) 74
Income tax expense $ 1,668 $ 1,821 $ 1,604
Effective income tax rate (as a percent) 22.90% 23.10% 35.30%