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Income Taxes (Tables) | 12 Months Ended
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Dec. 31, 2020
Disclosure Of Income Taxes Continuing Operations [Abstract] |
Provision for Income Taxes | The provision for income taxes is:
For the years ended December 31, |  | 2020 |  |  |  | 2019 |  |  |  | 2018 |
Current Tax |  |  |  |  |  |  |  |  |  |  |
Canada |  | (14 | ) |  |  | 14 |  |  |  | (128 | )
United States |  | 1 |  |  |  | 3 |  |  |  | 2 |
Total Current Tax Expense (Recovery) |  | (13 | ) |  |  | 17 |  |  |  | (126 | )
Deferred Tax Expense (Recovery) |  | (838 | ) |  |  | (814 | ) |  |  | (884 | )
Tax Expense (Recovery) From Continuing Operations |  | (851 | ) |  |  | (797 | ) |  |  | (1,010 | )
Disclosure of Reconciliation of Accounting Profit from Continuing Operations Multiplied by Applicable Tax Rates Explanatory | The following table reconciles income taxes calculated at the Canadian statutory rate with the recorded income taxes:
For the years ended December 31, | 2020 |  |  | 2019 |  |  | 2018 |
Earnings (Loss) From Continuing Operations Before Income Tax |  | (3,230 | ) |  |  | 1,397 |  |  |  | (3,926 | )
Canadian Statutory Rate | 24.0% |  |  | 26.5% |  |  | 27.0% |
Expected Income Tax Expense (Recovery) From Continuing Operations |  | (775 | ) |  |  | 370 |  |  |  | (1,060 | )
Effect on Taxes Resulting From: |  |  |  |  |  |  |  |  |  |  |
Statutory and Other Rate Differences |  | 19 |  |  |  | (52 | ) |  |  | (57 | )
Non-Taxable Capital (Gains) Losses |  | (42 | ) |  |  | (38 | ) |  |  | 89 |
Non-Recognition of Capital (Gains) Losses |  | (42 | ) |  |  | (39 | ) |  |  | 87 |
Adjustments Arising From Prior Year Tax Filings |  | (8 | ) |  |  | 4 |  |  |  | 3 |
Recognition of U.S. Tax Basis |  | - |  |  |  | (387 | ) |  |  | (78 | )
Alberta Corporate Rate Reduction |  | (7 | ) |  |  | (671 | ) |  |  | - |
Other |  | 4 |  |  |  | 16 |  |  |  | 6 |
Total Tax Expense (Recovery) From Continuing Operations |  | (851 | ) |  |  | (797 | ) |  |  | (1,010 | )
Effective Tax Rate | 26.3% |  |  | (57.1)% |  |  | 25.7% |
The analysis of deferred income tax liabilities and deferred income tax assets is as follows:
For the years ended December 31, | 2020 |  |  | 2019 |
Deferred Income Tax Liabilities |  |  |  |  |  |  |
Deferred Income Tax Liabilities to be Settled Within Twelve Months |  | - |  |  |  | 3 |
Deferred Income Tax Liabilities to be Settled After More Than Twelve Months |  | 4,146 |  |  |  | 4,540 |
|  | 4,146 |  |  |  | 4,543 |
Deferred Income Tax Assets |  |  |  |  |  |  |
Deferred Income Tax Assets to be Recovered Within Twelve Months |  | (88 | ) |  |  | (113 | )
Deferred Income Tax Assets to be Recovered After More Than Twelve Months |  | (860 | ) |  |  | (398 | )
|  | (948 | ) |  |  | (511 | )
Net Deferred Income Tax Liability |  | 3,198 |  |  |  | 4,032 |
Deferred Income Tax Liabilities and Deferred Income Tax Assets | The analysis of deferred income tax liabilities and deferred income tax assets is as follows:
For the years ended December 31, | 2020 |  |  | 2019 |
Deferred Income Tax Liabilities |  |  |  |  |  |  |
Deferred Income Tax Liabilities to be Settled Within Twelve Months |  | - |  |  |  | 3 |
Deferred Income Tax Liabilities to be Settled After More Than Twelve Months |  | 4,146 |  |  |  | 4,540 |
|  | 4,146 |  |  |  | 4,543 |
Deferred Income Tax Assets |  |  |  |  |  |  |
Deferred Income Tax Assets to be Recovered Within Twelve Months |  | (88 | ) |  |  | (113 | )
Deferred Income Tax Assets to be Recovered After More Than Twelve Months |  | (860 | ) |  |  | (398 | )
|  | (948 | ) |  |  | (511 | )
Net Deferred Income Tax Liability |  | 3,198 |  |  |  | 4,032 |
Schedule of Movement in Deferred Income Tax Liabilities and Assets | The movement in deferred income tax liabilities and assets, without taking into consideration the offsetting of balances within the same tax jurisdiction, is:
Deferred Income Tax Liabilities | PP&E |  |  | Risk Management |  |  | Other |  |  | Total |
As at December 31, 2018 |  | 5,450 |  |  |  | 44 |  |  |  | 51 |  |  |  | 5,545 |
Charged (Credited) to Earnings |  | (927 | ) |  |  | (43 | ) |  |  | (7 | ) |  |  | (977 | )
Charged (Credited) to OCI |  | (25 | ) |  |  | - |  |  |  | - |  |  |  | (25 | )
As at December 31, 2019 |  | 4,498 |  |  |  | 1 |  |  |  | 44 |  |  |  | 4,543 |
Charged (Credited) to Earnings |  | (367 | ) |  |  | (1 | ) |  |  | (22 | ) |  |  | (390 | )
Charged (Credited) to OCI |  | (7 | ) |  |  | - |  |  |  | - |  |  |  | (7 | )
As at December 31, 2020 |  | 4,124 |  |  |  | - |  |  |  | 22 |  |  |  | 4,146 |
Deferred Income Tax Assets | Unused Tax Losses |  |  | Risk Management |  |  | Other |  |  | Total |
As at December 31, 2018 |  | (357 | ) |  |  | (1 | ) |  |  | (326 | ) |  |  | (684 | )
Charged (Credited) to Earnings |  | 129 |  |  |  | - |  |  |  | 34 |  |  |  | 163 |
Charged (Credited) to OCI |  | 3 |  |  |  | - |  |  |  | 7 |  |  |  | 10 |
As at December 31, 2019 |  | (225 | ) |  |  | (1 | ) |  |  | (285 | ) |  |  | (511 | )
Charged (Credited) to Earnings |  | (448 | ) |  |  | (12 | ) |  |  | 12 |  |  |  | (448 | )
Charged (Credited) to OCI |  | 14 |  |  |  | - |  |  |  | (3 | ) |  |  | 11 |
As at December 31, 2020 |  | (659 | ) |  |  | (13 | ) |  |  | (276 | ) |  |  | (948 | )
Net Deferred Income Tax Liabilities | Total |
Net Deferred Income Tax Liabilities as at December 31, 2018 |  | 4,861 |
Charged (Credited) to Earnings |  | (814 | )
Charged (Credited) to OCI |  | (15 | )
Net Deferred Income Tax Liabilities as at December 31, 2019 |  | 4,032 |
Charged (Credited) to Earnings |  | (838 | )
Charged (Credited) to OCI |  | 4 |
Net Deferred Income Tax Liabilities as at December 31, 2020 |  | 3,198 |
Schedule of Amounts of Tax Pools Available, Including Tax Losses | The approximate amounts of tax pools available, including tax losses, are:
As at December 31, | 2020 |  |  | 2019 |
Canada |  | 6,540 |  |  |  | 6,113 |
United States |  | 3,117 |  |  |  | 2,648 |
|  | 9,657 |  |  |  | 8,761 |

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