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Consolidated Statements of Comprehensive Income - CAD ($)
$ in Millions
 12 Months Ended
Dec. 31, 2020
Dec. 31, 2019
Consolidated Statements of Comprehensive Income    
Net income $ 984 $ 710
Other comprehensive income (loss), net of tax    
Foreign currency translation adjustment [1] (201) (402)
Unrealized gains on net investment hedges [2],[3] 26 78
Cash flow hedges    
Net derivative gains 0 3
Less: reclassification adjustment for losses included in income 2 3
Net effects of cash flow hedges 2 6
Net change in unrecognized pension and post-retirement benefit obligation [4] (1) 74
Other comprehensive income (loss) [5] (174) (244)
Comprehensive income (loss) 810 466
Comprehensive income (loss) attributable to non-controlling interest 1 1
Comprehensive Income (loss) of Emera Incorporated $ 809 $ 465
[1]
1) Net of tax recovery of $1 million (2019 - nil) for the year ended December 31, 2020.
[2]
2) The Company has designated $1.2 billion United States dollar denominated Hybrid Notes as a hedge of the foreign currency exposure of its net investment in United States dollar denominated operations.
[3]
3) Net of tax expense of $4 million (2019 - $1 million tax expense) for the year ended December 31, 2020.
[4]
4) Net of tax recovery of $1 million (2019 - $9 million expense) for the year ended December 31, 2020.
[5]
5) Net of tax expense of $2 million (2019 - $10 million expense) for the year ended December 31, 2020.