Income taxes - Summary of Major Components of Company's Income Tax Expense (Details) - CAD ($) $ in Millions |
12 Months Ended | ||
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Dec. 31, 2022 |
Dec. 31, 2021 |
Dec. 31, 2020 |
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Income Tax Disclosure [Abstract] | |||
Current income tax expense | $ 492 | $ 526 | $ 537 |
Origination and reversal of temporary differences | 101 | 259 | 277 |
Effect of tax rate decrease | (25) | (11) | (32) |
Effect of hedge of net investment in foreign subsidiaries | 59 | (3) | (18) |
Other | 1 | (3) | (6) |
Total deferred income tax expense | 136 | 242 | 221 |
Total income taxes | 628 | 768 | 758 |
Income before income tax expense | |||
Canada | 2,236 | 2,899 | 2,518 |
Foreign | 1,909 | 721 | 684 |
Income before income tax expense | 4,145 | 3,620 | 3,202 |
Current | |||
Canada | 333 | 404 | 412 |
Foreign | 159 | 122 | 125 |
Total current income tax expense | 492 | 526 | 537 |
Deferred | |||
Canada | 177 | (179) | 231 |
Foreign | (41) | 421 | (10) |
Total deferred income tax expense | 136 | 242 | 221 |
Total income taxes | $ 628 | $ 768 | $ 758 |
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- Definition Deferred Income Tax Expense (Benefit), Change In Enacted Tax Rate No definition available.
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- Definition Deferred Income Tax Expense (Benefit), Net Investment Hedge No definition available.
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- Definition Deferred Income Tax Expense (Benefit), Origination And Reversal Of Temporary Differences No definition available.
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- Definition Deferred Income Tax Expense (Benefit), Other No definition available.
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- Definition Amount of current federal, state, and local tax expense (benefit) attributable to income (loss) from continuing operations. Includes, but is not limited to, current national, regional, territorial, and provincial tax expense (benefit) for non-US (United States of America) jurisdiction. Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
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- Definition Amount of current foreign income tax expense (benefit) pertaining to income (loss) from continuing operations. Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
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- Definition Amount of current income tax expense (benefit) pertaining to taxable income (loss) from continuing operations. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- References No definition available.
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- Definition Amount of deferred federal, state, and local tax expense (benefit) attributable to income (loss) from continuing operations. Includes, but is not limited to, deferred national, regional, territorial, and provincial tax expense (benefit) for non-US (United States of America) jurisdiction. Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
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- Definition Amount of deferred foreign income tax expense (benefit) pertaining to income (loss) from continuing operations. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Amount of deferred income tax expense (benefit) pertaining to income (loss) from continuing operations. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- References No definition available.
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- Definition The portion of earnings or loss from continuing operations before income taxes that is attributable to domestic operations. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Amount of income (loss) from continuing operations, including income (loss) from equity method investments, before deduction of income tax expense (benefit), and income (loss) attributable to noncontrolling interest. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition The portion of earnings or loss from continuing operations before income taxes that is attributable to foreign operations, which is defined as Income or Loss generated from operations located outside the entity's country of domicile. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- References No definition available.
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- References No definition available.
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- Definition Amount of current income tax expense (benefit) and deferred income tax expense (benefit) pertaining to continuing operations. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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