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Financial instruments (Tables)

12 Months Ended

Sep. 30, 2022

Financial Instruments [Abstract]

Disclosure of financial liabilities included in the long-term debt

The following table presents the financial liabilities included in the long-term debt (Note 14) measured at amortized cost categorized using the fair value hierarchy.

						As at September 30, 2022						As at September 30, 2021
			Level			Carrying amount			Fair value			Carrying amount			Fair value
						$			$			$			$
2014 U.S. Senior Notes			Level 2			550,177			539,752			888,307			936,084
2021 U.S. Senior Notes			Level 2			1,361,974			1,127,739			1,253,226			1,255,055
2021 CAD Senior Notes			Level 2			595,900			503,227			595,331			585,506
Other long-term debt			Level 2			71,278			68,991			31,169			30,345
						2,579,329			2,239,709			2,768,033			2,806,990

Disclosure of fair value measurement of financial assets

The following table presents financial assets and liabilities measured at fair value categorized using the fair value hierarchy:

			Level			As at September 30, 2022						As at September 30, 2021
						$						$
Financial assets
FVTE
Cash and cash equivalents			Level 2						966,458						1,699,206
Cash included in funds held for clients (Note 5)			Level 2						504,726						456,525
Deferred compensation plan assets (Note 11)			Level 1						71,863						81,633
									1,543,047						2,237,364
Derivative financial instruments designated as      hedging instruments
Current derivative financial instruments included in current financial assets			Level 2
Cross-currency swaps									8,740						4,146
Foreign currency forward contracts									18,934						12,745
Interest rate swaps									—						1,043
Long-term derivative financial instruments (Note 11)			Level 2
Cross-currency swaps									222,246						24,347
Foreign currency forward contracts									15,631						9,231
									265,551						51,512
FVOCI
Short-term investments included in current financial assets			Level 2						6,184						1,027
Long-term bonds included in funds held for clients (Note 5)			Level 2						94,113						136,629
Long-term investments (Note 11)			Level 2						16,826						19,354
									117,123						157,010
Financial liabilities
Derivative financial instruments designated as       hedging instruments
Current derivative financial instruments			Level 2
Cross-currency swaps									—						5,762
Foreign currency forward contracts									5,710						735
Long-term derivative financial instruments			Level 2
Cross-currency swaps									1,685						39,918
Foreign currency forward contracts									4,795						1,866
									12,190						48,281

Disclosure of fair value measurement of financial liabilities

The following table presents financial assets and liabilities measured at fair value categorized using the fair value hierarchy:

			Level			As at September 30, 2022						As at September 30, 2021
						$						$
Financial assets
FVTE
Cash and cash equivalents			Level 2						966,458						1,699,206
Cash included in funds held for clients (Note 5)			Level 2						504,726						456,525
Deferred compensation plan assets (Note 11)			Level 1						71,863						81,633
									1,543,047						2,237,364
Derivative financial instruments designated as      hedging instruments
Current derivative financial instruments included in current financial assets			Level 2
Cross-currency swaps									8,740						4,146
Foreign currency forward contracts									18,934						12,745
Interest rate swaps									—						1,043
Long-term derivative financial instruments (Note 11)			Level 2
Cross-currency swaps									222,246						24,347
Foreign currency forward contracts									15,631						9,231
									265,551						51,512
FVOCI
Short-term investments included in current financial assets			Level 2						6,184						1,027
Long-term bonds included in funds held for clients (Note 5)			Level 2						94,113						136,629
Long-term investments (Note 11)			Level 2						16,826						19,354
									117,123						157,010
Financial liabilities
Derivative financial instruments designated as       hedging instruments
Current derivative financial instruments			Level 2
Cross-currency swaps									—						5,762
Foreign currency forward contracts									5,710						735
Long-term derivative financial instruments			Level 2
Cross-currency swaps									1,685						39,918
Foreign currency forward contracts									4,795						1,866
									12,190						48,281

Disclosure of financial instruments by type of interest rate

The following table summarizes the fair value of these swaps.

As at September 30, 2022

As at September 30, 2021

Interest rate swaps

Notional amount

Receive Rate

Pay Rate

Maturity

Fair value

Fair value

$

$

Fair value hedges of 2011 U.S. Senior Note

U.S.$250,000

4.99%

LIBOR 1 month +3.26%

December 2021

—

1,043

Disclosure of detailed information about cross-currency swap agreements

The following tables summarize the cross-currency swap agreements that the Company had entered into in order to manage its currency:

															As at September 30, 2022			As at September 30, 2021
Receive Notional			Receive Rate			Pay Notional			Pay rate			Maturity			Fair value			Fair value
															$			$
Hedges of net investments in European operations
$759,400			From 1.62% to 3.81%			€521,337			From (0.14)% to 2.51%			From September 2023 to 2028			78,647			12,859
$136,274			From 3.57% to 3.63%			£75,842			From 2.67% to 2.80%			September 2024			24,247			9,814
$58,419			From 3.57% to 3.68%			kr371,900			From 2.12% to 2.18%			September 2024			12,625			5,820
Hedges of net investments in European operations and cash flow hedges on unsecured committed term loan credit facility
US$500,000			LIBOR 1 month + 1.00%			€443,381			From 1.13% to 1.17%			December 2023			104,330			(27,819)
Cash flow hedges of 2014 U.S Senior Notes
US$265,000			From 3.74% to 4.06%			$354,093			From 3.45% to 3.81%			From September 2023 to 2024			9,452			(17,861)
Total															229,301			(17,187)

Disclosure of notional, average contract rates, maturities and sensitivity analysis for currency risk

As at September 30, 2022, the Company held foreign currency forward contracts to hedge exposures to changes in foreign currency, which have the following notional, average contract rates and maturities:

						Average contract rates						As at September 30, 2022			As at September 30, 2021
Foreign currency forward contracts			Notional			Less than one year			More than one year			Fair value			Fair value
												$			$
USD/INR			US$227,289			80.99			83.17			(7,803)			4,002
CAD/INR			$302,557			62.40			64.41			7,865			882
EUR/INR			€67,895			96.28			95.93			11,690			6,650
GBP/INR			£61,686			106.91			105.62			12,753			2,390
SEK/INR			kr49,908			9.04			7.40			1,047			(10)
EUR/GBP												—			1,033
EUR/MAD			€22,190			11.00			10.70			(201)			2,064
EUR/CZK			€7,082			26.80			26.87			611			758
EUR/SEK			€7,241			10.77			10.36			(148)			1,396
Others			$65,935									(1,754)			210
Total												24,060			19,375

31.    Financial instruments (continued)

MARKET RISK (CONTINUED)

Currency risk (continued)

The following table details the Company's sensitivity to a 10% strengthening of the Swedish krona, the U.S. dollar, the euro and the British pound foreign currency rates on net earnings and comprehensive income. The sensitivity analysis on net earnings presents the impact of foreign currency denominated financial instruments and adjusts their translation at period end for a 10% strengthening in foreign currency rates. The sensitivity analysis on other comprehensive income presents the impact of a 10% strengthening in foreign currency rates on the fair value of foreign currency forward contracts designated as cash flow hedges and on net investment hedges.

												2022												2021
			euro impact			U.S. dollar  impact			British pound impact			Swedish krona impact			euro impact			U.S. dollar  impact			British pound impact			Swedish krona impact
			$			$			$			$			$			$			$			$
Increase in net    earnings			2,835			3,604			622			883			1,294			1,416			1,227			171
Decrease in other    comprehensive loss			(183,986)			(179,780)			(31,700)			(8,577)			(83,334)			(187,587)			(25,622)			(8,287)

Disclosure of maturity analysis for non-derivative financial liabilities

The following tables summarize the carrying amount and the contractual maturities of both the interest and principal portion of financial liabilities. All amounts contractually denominated in foreign currency are presented in Canadian dollar equivalent amounts using the period-end spot rate or floating rate.

As at September 30, 2022			Carrying amount			Contractual cash flows			Less than one year			Between one and three years			Between three and five years			Beyond five years
			$			$			$			$			$			$
Non-derivative financial liabilities
Accounts payable and accrued liabilities			1,016,407			1,016,407			1,016,407			—			—			—
Accrued compensation and employee-related    liabilities			1,130,726			1,130,726			1,130,726			—			—			—
2014 U.S. Senior Notes			550,177			591,467			90,680			500,787			—			—
2021 U.S. Senior Notes			1,361,974			1,537,370			24,623			49,246			862,639			600,862
2021 CAD Senior Notes			595,900			675,600			12,600			25,200			25,200			612,600
Unsecured committed term loan credit    facility			687,705			721,807			27,053			694,754			—			—
Lease liabilities			709,201			808,445			182,815			295,017			166,848			163,765
Other long-term debt			71,278			80,324			25,843			11,919			42,557			5
Clients’ funds obligations			604,431			604,431			604,431			—			—			—
Derivative financial liabilities
Cash flow hedges of future revenue			10,505
Outflow						304,698			110,827			193,871			—			—
(Inflow)						(311,446)			(109,319)			(202,127)			—			—
Cross-currency swaps			1,685
Outflow						168,213			74,902			93,311			—			—
(Inflow)						(167,586)			(74,762)			(92,824)			—			—
			6,739,989			7,160,456			3,116,826			1,569,154			1,097,244			1,377,232

As at September 30, 2021			Carrying amount			Contractual cash flows			Less than one year			Between one and three years			Between three and five years			Beyond five years
			$			$			$			$			$			$
Non-derivative financial liabilities
Accounts payable and accrued liabilities			891,374			891,374			891,374			—			—			—
Accrued compensation and employee-related    liabilities			1,084,014			1,084,014			1,084,014			—			—			—
2011 & 2014 U.S. Senior Notes			888,307			955,768			410,738			545,030			—			—
2021 U.S. Senior Notes			1,253,226			1,439,360			22,690			45,380			805,940			565,350
2021 CAD Senior Notes			595,331			688,269			12,669			25,200			25,200			625,200
Unsecured committed term loan credit    facility			633,623			649,498			7,043			642,455			—			—
Lease liabilities			776,940			877,498			192,750			318,993			180,593			185,162
Other long-term debt			31,169			32,071			13,133			18,337			595			6
Clients’ funds obligations			591,101			591,101			591,101			—			—			—
Derivative financial liabilities
Cash flow hedges of future revenue			2,601
Outflow						163,162			55,039			103,373			4,750			—
(Inflow)						(171,282)			(55,756)			(110,294)			(5,232)			—
Cross-currency swaps			45,680
Outflow						1,128,791			91,667			1,037,124			—			—
(Inflow)						(1,088,240)			(85,776)			(1,002,464)			—			—
			6,793,366			7,241,384			3,230,686			1,623,134			1,011,846			1,375,718

Disclosure of maturity analysis for derivative financial liabilities

The following tables summarize the carrying amount and the contractual maturities of both the interest and principal portion of financial liabilities. All amounts contractually denominated in foreign currency are presented in Canadian dollar equivalent amounts using the period-end spot rate or floating rate.

As at September 30, 2022			Carrying amount			Contractual cash flows			Less than one year			Between one and three years			Between three and five years			Beyond five years
			$			$			$			$			$			$
Non-derivative financial liabilities
Accounts payable and accrued liabilities			1,016,407			1,016,407			1,016,407			—			—			—
Accrued compensation and employee-related    liabilities			1,130,726			1,130,726			1,130,726			—			—			—
2014 U.S. Senior Notes			550,177			591,467			90,680			500,787			—			—
2021 U.S. Senior Notes			1,361,974			1,537,370			24,623			49,246			862,639			600,862
2021 CAD Senior Notes			595,900			675,600			12,600			25,200			25,200			612,600
Unsecured committed term loan credit    facility			687,705			721,807			27,053			694,754			—			—
Lease liabilities			709,201			808,445			182,815			295,017			166,848			163,765
Other long-term debt			71,278			80,324			25,843			11,919			42,557			5
Clients’ funds obligations			604,431			604,431			604,431			—			—			—
Derivative financial liabilities
Cash flow hedges of future revenue			10,505
Outflow						304,698			110,827			193,871			—			—
(Inflow)						(311,446)			(109,319)			(202,127)			—			—
Cross-currency swaps			1,685
Outflow						168,213			74,902			93,311			—			—
(Inflow)						(167,586)			(74,762)			(92,824)			—			—
			6,739,989			7,160,456			3,116,826			1,569,154			1,097,244			1,377,232

As at September 30, 2021			Carrying amount			Contractual cash flows			Less than one year			Between one and three years			Between three and five years			Beyond five years
			$			$			$			$			$			$
Non-derivative financial liabilities
Accounts payable and accrued liabilities			891,374			891,374			891,374			—			—			—
Accrued compensation and employee-related    liabilities			1,084,014			1,084,014			1,084,014			—			—			—
2011 & 2014 U.S. Senior Notes			888,307			955,768			410,738			545,030			—			—
2021 U.S. Senior Notes			1,253,226			1,439,360			22,690			45,380			805,940			565,350
2021 CAD Senior Notes			595,331			688,269			12,669			25,200			25,200			625,200
Unsecured committed term loan credit    facility			633,623			649,498			7,043			642,455			—			—
Lease liabilities			776,940			877,498			192,750			318,993			180,593			185,162
Other long-term debt			31,169			32,071			13,133			18,337			595			6
Clients’ funds obligations			591,101			591,101			591,101			—			—			—
Derivative financial liabilities
Cash flow hedges of future revenue			2,601
Outflow						163,162			55,039			103,373			4,750			—
(Inflow)						(171,282)			(55,756)			(110,294)			(5,232)			—
Cross-currency swaps			45,680
Outflow						1,128,791			91,667			1,037,124			—			—
(Inflow)						(1,088,240)			(85,776)			(1,002,464)			—			—
			6,793,366			7,241,384			3,230,686			1,623,134			1,011,846			1,375,718

Disclosure of analysis of age of trade accounts receivable

The following table sets forth details of the age of trade accounts receivable that are past due:

									2022			2021
									$			$
Not past due									950,928			818,520
Past due 1-30 days									81,000			47,702
Past due 31-60 days									25,694			21,582
Past due 61-90 days									12,142			7,402
Past due more than 90 days									39,883			46,939
									1,109,647			942,145
Allowance for doubtful accounts									(3,460)			(3,728)
									1,106,187			938,417

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