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Income Taxes (Tables) | 12 Months Ended
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Dec. 31, 2022
Disclosure Of Income Taxes Continuing Operations [Abstract] |
Provision for Income Taxes |
For the years ended December 31, | 2022 |  | 2021 |  | 2020 |  |  |  |
Current Tax |  |  |  |  |  |  |  |  |
Canada | 1,252 |  | 104 |  | (14) |  |  |  |
United States | 104 |  | — |  | 1 |  |  |  |
Asia Pacific | 262 |  | 171 |  | — |  |  |  |
Other International | 21 |  | 1 |  | — |  |  |  |
Total Current Tax Expense (Recovery) | 1,639 |  | 276 |  | (13) |  |  |  |
Deferred Tax Expense (Recovery) | 642 |  | 452 |  | (838) |  |  |  |
| 2,281 |  | 728 |  | (851) |  |  |  |
For the year ended December 31, 2022, the Company recorded a current tax expense related to operations in all jurisdictions that Cenovus operates. The increase is due to higher earnings compared to 2021 and the tax deductions available to calculate taxable income and losses available to offset that taxable income.
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, | 2022 |  | 2021 |  | 2020 |  |  |  |
Earnings (Loss) From Operations Before Income Tax | 8,731 |  | 1,315 |  | (3,230) |  |  |  |
Canadian Statutory Rate | 23.7 | % |  | 23.7 | % |  | 24.0 | % |  |  |  |
Expected Income Tax Expense (Recovery) From Operations | 2,069 |  | 312 |  | (775) |  |  |  |
Effect on Taxes Resulting From: |  |  |  |  |  |  |  |  |
Statutory and Other Rate Differences | 17 |  | 3 |  | 19 |  |  |  |
Non-Taxable Capital (Gains) Losses | 84 |  | 63 |  | (42) |  |  |  |
Non-Recognition of Capital (Gains) Losses | 84 |  | 27 |  | (42) |  |  |  |
Adjustments Arising From Prior Year Tax Filings | 15 |  | (5) |  | (8) |  |  |  |
U.S. Tax Attribute Limitation | — |  | 217 |  | — |  |  |  |
Impact of Rate Changes | — |  | 106 |  | (7) |  |  |  |
Other | 12 |  | 5 |  | 4 |  |  |  |
Total Tax Expense (Recovery) From Operations | 2,281 |  | 728 |  | (851) |  |  |  |
Effective Tax Rate | 26.1 | % |  | 55.4 | % |  | 26.3 | % |  |  |  |
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, | 2022 |  | 2021 |  |  |  |
Deferred Income Tax Liabilities |  |  |  |  |  |  |
Deferred Income Tax Liabilities to be Settled Within Twelve Months | 55 |  | — |  |  |  |
Deferred Income Tax Liabilities to be Settled After More Than Twelve Months | 4,460 |  | 4,046 |  |  |  |
| 4,515 |  | 4,046 |  |  |  |
Deferred Income Tax Assets |  |  |  |  |  |  |
Deferred Income Tax Assets to be Settled Within Twelve Months | (31) |  | (556) |  |  |  |
Deferred Income Tax Assets to be Settled After More Than Twelve Months | (747) |  | (898) |  |  |  |
| (778) |  | (1,454) |  |  |  |
Net Deferred Income Tax Liability | 3,737 |  | 2,592 |  |  |  |
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, 2020 | 4,124 |  | — |  | 22 |  | 4,146
Charged (Credited) to Earnings | (234) |  | — |  | 75 |  | (159)
Charged (Credited) to Husky Purchase Price Allocation | 59 |  | — |  | — |  | 59
As at December 31, 2021 | 3,949 |  | — |  | 97 |  | 4,046
Charged (Credited) to Earnings | 25 |  | 11 |  | (53) |  | (17)
Charged (Credited) to Sunrise Purchase Price Allocation | 486 |  | — |  | — |  | 486
As at December 31, 2022 | 4,460 |  | 11 |  | 44 |  | 4,515
Deferred Income Tax Assets | Unused Tax Losses |  | Risk Management |  | Other |  | Total
As at December 31, 2020 | (659) |  | (13) |  | (276) |  | (948)
Charged (Credited) to Earnings | 668 |  | 1 |  | (58) |  | 611
Charged (Credited) to Husky Purchase Price Allocation | (656) |  | 1 |  | (466) |  | (1,121)
Charged (Credited) to Other Comprehensive Income | (8) |  | — |  | 12 |  | 4
As at December 31, 2021 | (655) |  | (11) |  | (788) |  | (1,454)
Charged (Credited) to Earnings | 490 |  | 11 |  | 158 |  | 659
Charged (Credited) to Sunrise Purchase Price Allocation | — |  | — |  | — |  | —
Charged (Credited) to Other Comprehensive Income | 9 |  | — |  | 8 |  | 17
As at December 31, 2022 | (156) |  | — |  | (622) |  | (778)
Net Deferred Income Tax Liabilities | Total
As at December 31, 2020 | 3,198
Charged (Credited) to Earnings | 452
Charged (Credited) to Husky Purchase Price Allocation | (1,062)
Charged (Credited) to Other Comprehensive Income | 4
As at December 31, 2021 | 2,592
Charged (Credited) to Earnings | 642
Charged (Credited) to Sunrise Purchase Price Allocation | 486
Charged (Credited) to Other Comprehensive Income | 17
As at December 31, 2022 | 3,737
Disclosure Of Temporary Difference Unused Tax Losses And Unused Tax Credits | The approximate amounts of tax pools available, including tax losses, are:
As at December 31, | 2022 |  | 2021 |  |  |  |
Canada | 8,505 |  | 11,167 |  |  |  |
United States | 6,477 |  | 5,915 |  |  |  |
Asia Pacific | 457 |  | 600 |  |  |  |
| 15,439 |  | 17,682 |  |  |  |

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