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Income Taxes (Tables)
 12 Months Ended
Dec. 29, 2018
Income Tax Disclosure [Abstract]  
(Loss) Income From Continuing Operations Before Income Taxes
Income (loss) from continuing operations, before income taxes consisted of the following:

For the Year Ended
(in millions of U.S. dollars)
December 29, 2018
 
December 30, 2017
 
December 31, 2016
Canada
$
(26.1
)
 
$
(29.1
)
 
$
(25.4
)
Outside Canada
50.2

 
(4.5
)
 
(13.7
)
Income (loss) from continuing operations, before income taxes
$
24.1

 
$
(33.6
)
 
$
(39.1
)
Income Tax (Benefit) Expense
Income tax (benefit) expense consisted of the following:

For the Year Ended
(in millions of U.S. dollars)
December 29, 2018
 
December 30, 2017
 
December 31, 2016
Current

 

 

Canada
$
—

 
—

 
$
—

Outside Canada
2.3

 
3.9

 
1.3


$
2.3

 
$
3.9

 
$
1.3

Deferred

 

 

Canada
$
(5.6
)
 
$
—

 
$
8.7

Outside Canada
(1.5
)
 
(33.9
)
 
11.2


$
(7.1
)
 
$
(33.9
)
 
$
19.9

Income tax (benefit) expense
$
(4.8
)
 
$
(30.0
)
 
$
21.2
Reconciliation of Income Taxes
The following table reconciles income taxes calculated at the basic Canadian corporate rates with the income tax provision:

For the Year Ended
(in millions of U.S. dollars)
December 29, 2018
 
December 30, 2017
 
December 31, 2016
Income tax expense (benefit) based on Canadian statutory rates
$
6.4

 
$
(8.7
)
 
$
(10.1
)
Foreign tax rate differential
(2.6
)
 
(1.3
)
 
(1.3
)
Local taxes
0.5

 
(0.2
)
 
(1.1
)
Nontaxable interest income
(9.8
)
 
(11.3
)
 
(7.9
)
Impact of intercompany transactions and dividends
1.0

 
(9.2
)
 
(10.6
)
Nontaxable capital gains
—

 
(3.7
)
 
—

Dividend income
—

 
—

 
1.1

Change in enacted tax rates
3.4

 
(32.7
)
 
(0.6
)
Change in valuation allowance
(4.2
)
 
45.8

 
48.6

Change in uncertain tax positions
(3.4
)
 
(2.4
)
 
(0.2
)
Equity compensation
1.5

 
1.1

 
0.6

Permanent differences
1.1

 
(0.6
)
 
1.8

Outside basis differences on discontinued operations
—

 
(3.8
)
 
—

Adjustments to deferred taxes
0.7

 
(3.4
)
 
—

Other items
0.6

 
0.4

 
0.9

Income tax (benefit) expense
$
(4.8
)
 
$
(30.0
)
 
$
21.2
Deferred Income Tax Assets and Liabilities
Deferred income tax assets and liabilities were recognized on temporary differences between the financial and tax bases of existing assets and liabilities as follows:
(in millions of U.S. dollars)
December 29, 2018
 
December 30, 2017
Deferred tax assets

 

Net operating loss carryforwards
$
109.8

 
$
181.6

Capital loss carryforwards
13.1

 
4.5

Liabilities and reserves
25.0

 
35.7

Stock options
8.1

 
7.0

Inventories
3.8

 
4.5

Interest expense
12.2

 
25.4

Outside basis differences on discontinued operations
—

 
3.8

Other
6.7

 
4.9


178.7

 
267.4

Deferred tax liabilities

 

Property, plant and equipment
(65.7
)
 
(69.2
)
Intangible assets
(139.2
)
 
(165.2
)

(204.9
)
 
(234.4
)
Valuation allowance
(98.0
)
 
(129.1
)
Net deferred tax liability
$
(124.2
)
 
$
(96.1
)
Reconciliation of Unrecognized Tax Benefits
A reconciliation of the beginning and ending amount of our unrecognized tax benefits is as follows:

For the Year Ended
(in millions of U.S. dollars)
December 29, 2018
 
December 30, 2017
 
December 31, 2016
Unrecognized tax benefits at beginning of year
$
16.2

 
$
28.6

 
$
9.9

Additions based on tax positions taken during a prior period
1.3

 
0.2

 
0.2

Reductions based on tax positions taken during a prior period
(0.1
)
 
(6.3
)
 
—

Settlement on tax positions taken during a prior period
—

 
(1.0
)
 
(4.5
)
Tax rate change
(0.1
)
 
(4.5
)
 
—

Lapse in statute of limitations
(4.3
)
 
(3.2
)
 
(0.1
)
Additions based on tax positions taken during the current period
3.0

 
1.7

 
24.0

Foreign exchange
(0.5
)
 
0.7

 
(0.9
)
Unrecognized tax benefits at end of year
$
15.5

 
$
16.2

 
$
28.6