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Income Taxes (Tables) | 12 Months Ended
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Dec. 31, 2021
Disclosure Of Income Taxes Continuing Operations [Abstract] |
Provision for Income Taxes | The provision for income taxes is:
For the years ended December 31, |  | 2021 |  |  |  | 2020 |  |  |  | 2019 |  |  |  |  |
Current Tax |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Canada |  | 104 |  |  |  | (14) |  |  |  | 14 |  |  |  |  |
United States |  | — |  |  |  | 1 |  |  |  | 3 |  |  |  |  |
Asia Pacific |  | 171 |  |  |  | — |  |  |  | — |  |  |  |  |
Other International |  | 1 |  |  |  | — |  |  |  | — |  |  |  |  |
Total Current Tax Expense (Recovery) |  | 276 |  |  |  | (13) |  |  |  | 17 |  |  |  |  |
Deferred Tax Expense (Recovery) |  | 452 |  |  |  | (838) |  |  |  | (814) |  |  |  |  |
|  | 728 |  |  |  | (851) |  |  |  | (797) |  |  |  |  |
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, |  | 2021 |  |  |  | 2020 |  |  |  | 2019 |  |  |  |  |
Earnings (Loss) From Operations Before Income Tax |  | 1,315 |  |  |  | (3,230) |  |  |  | 1,397 |  |  |  |  |
Canadian Statutory Rate |  | 23.7 | % |  |  |  | 24.0 | % |  |  |  | 26.5 | % |  |  |  |  |
Expected Income Tax Expense (Recovery) From Operations |  | 312 |  |  |  | (775) |  |  |  | 370 |  |  |  |  |
Effect on Taxes Resulting From: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Statutory and Other Rate Differences |  | 3 |  |  |  | 19 |  |  |  | (52) |  |  |  |  |
Non-Taxable Capital (Gains) Losses |  | 63 |  |  |  | (42) |  |  |  | (38) |  |  |  |  |
Non-Recognition of Capital (Gains) Losses |  | 27 |  |  |  | (42) |  |  |  | (39) |  |  |  |  |
Adjustments Arising From Prior Year Tax Filings |  | (5) |  |  |  | (8) |  |  |  | 4 |  |  |  |  |
Recognition of U.S. Tax Basis |  | — |  |  |  | — |  |  |  | (387) |  |  |  |  |
U.S. Tax Attribute Limitation |  | 217 |  |  |  | — |  |  |  | — |  |  |  |  |
Impact of Rate Changes |  | 106 |  |  |  | (7) |  |  |  | (671) |  |  |  |  |
Other |  | 5 |  |  |  | 4 |  |  |  | 16 |  |  |  |  |
Total Tax Expense (Recovery) From Operations |  | 728 |  |  |  | (851) |  |  |  | (797) |  |  |  |  |
Effective Tax Rate |  | 55.4 | % |  |  |  | 26.3 | % |  |  |  | (57.1) | % |  |  |  |  |
Disclosure of deferred taxes | The breakdown of deferred income tax liabilities and deferred income tax assets, without taking into consideration the offsetting of balances within the same tax jurisdiction, is as follows:
For the years ended December 31, |  | 2021 |  |  |  | 2020 |  |  |  |  |
Deferred Income Tax Liabilities |  |  |  |  |  |  |  |  |  |  |
Deferred Income Tax Liabilities to be Settled After More Than Twelve Months |  | 4,046 |  |  |  | 4,146 |  |  |  |  |
|  | 4,046 |  |  |  | 4,146 |  |  |  |  |
Deferred Income Tax Assets |  |  |  |  |  |  |  |  |  |  |
Deferred Income Tax Assets to be Settled Within Twelve Months |  | (556) |  |  |  | (88) |  |  |  |  |
Deferred Income Tax Assets to be Settled After More Than Twelve Months |  | (898) |  |  |  | (860) |  |  |  |  |
|  | (1,454) |  |  |  | (948) |  |  |  |  |
Net Deferred Income Tax Liability |  | 2,592 |  |  |  | 3,198 |  |  |  |  |
Disclosure Of Reconciliation Of Changes In Deferred Tax Liability Asset Explanatory | 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, 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 |
Charged (Credited) to Earnings |  | (234) |  |  |  | — |  |  |  | 75 |  |  |  | (159) |
Charged (Credited) to Purchase Price Allocation |  | 59 |  |  |  | — |  |  |  | — |  |  |  | 59 |
As at December 31, 2021 |  | 3,949 |  |  |  | — |  |  |  | 97 |  |  |  | 4,046 |
Deferred Income Tax Assets | Unused Tax Losses |  |  | Risk Management |  |  | Other |  |  | Total |
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) |
Charged (Credited) to Earnings |  | 668 |  |  |  | 1 |  |  |  | (58) |  |  |  | 611 |
Charged (Credited) to Purchase Price Allocation |  | (656) |  |  |  | 1 |  |  |  | (466) |  |  |  | (1,121) |
Charged (Credited) to OCI |  | (8) |  |  |  | — |  |  |  | 12 |  |  |  | 4 |
As at December 31, 2021 |  | (655) |  |  |  | (11) |  |  |  | (788) |  |  |  | (1,454) |
Net Deferred Income Tax Liabilities | Total |
As at December 31, 2019 |  | 4,032 |
Charged (Credited) to Earnings |  | (838) |
Charged (Credited) to OCI |  | 4 |
As at December 31, 2020 |  | 3,198 |
Charged (Credited) to Earnings |  | 452 |
Charged (Credited) to Purchase Price Allocation |  | (1,062) |
Charged (Credited) to OCI |  | 4 |
As at December 31, 2021 |  | 2,592 |
Disclosure Of Temporary Difference Unused Tax Losses And Unused Tax Credits |
As at December 31, |  | 2021 |  |  |  | 2020 |  |  |  |  |
Canada |  | 11,167 |  |  |  | 6,540 |  |  |  |  |
United States |  | 5,915 |  |  |  | 3,117 |  |  |  |  |
Asia Pacific |  | 600 |  |  |  | — |  |  |  |  |
|  | 17,682 |  |  |  | 9,657 |  |  |  |  |

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