XML 68 R46.htm IDEA: XBRL DOCUMENT
v3.24.1.1.u2

INCOME TAXES (Tables) | 12 Months Ended
--- | ---
Mar. 31, 2024
Income Tax [Abstract] |
Effective Income Tax Rate Reconciliation | The reconciliation of income taxes at Canadian statutory rates with the income tax (recovery) expense is as follows:
|  | 2024 |  | 2023
(Loss) earnings before income taxes | $ | (390.4) |  | $ | 292.4 |
Canadian statutory income tax rates |  | 26.50 | % |  | 26.53 | %
Income taxes at Canadian statutory rates | $ | (103.5) |  | $ | 77.6 |
Effect of differences in tax rates in other jurisdictions |  | 7.4 |  |  | (4.0) |
Non-deductible impairment of goodwill |  | 41.6 |  |  | — |
Unrecognized tax benefits |  | 18.3 |  |  | 0.9 |
Non-taxable revenues |  | (4.1) |  |  | (3.2) |
Tax impact on after-tax profit of equity accounted investees |  | (18.8) |  |  | (13.0) |
Prior years' tax adjustments |  | (14.4) |  |  | 1.1 |
Other |  | 0.7 |  |  | 3.2 |
Income tax (recovery) expense | $ | (72.8) |  | $ | 62.6 |
Effective tax rate |  | 19 | % |  | 21 | %
Schedule of Components of Income Tax Expense (Benefit) | Significant components of the provision for the income tax (recovery) expense are as follows:
|  | 2024 |  | 2023
Current income tax expense : |  |  |  |
Current year | $ | 74.0 |  | $ | 49.9 |
Prior years' tax adjustments |  | 68.2 |  |  | 0.7 |
Deferred income tax (recovery) expense: |  |  |  |
Tax benefit not previously recognized used to reduce the deferred tax expense |  | 18.3 |  |  | (2.2) |
Origination and reversal of temporary differences |  | (233.3) |  |  | 14.2 |
Income tax (recovery) expense | $ | (72.8) |  | $ | 62.6 |
Disclosure of temporary difference, unused tax losses and unused tax credits | During the year ended March 31, 2024, movements in temporary differences are as follows:
|  |  |  |  |  |  |  |  |  |  |  | Foreign |  |
| Balance |  |  |  |  | Disposal of |  |  | currency |  |
| beginning | Recognized | Recognized |  |  |  | discontinued |  | exchange |  | Balance
| of year | in income |  | in OCI |  |  |  | operations |  | differences | end of year
Non-capital loss carryforwards | $ | 98.2 |  |  | $ | 59.4 |  |  | $ | — |  |  |  |  |  | $ | (14.6) |  |  |  |  | $ | (0.5) |  |  | $ | 142.5 |
Unclaimed research & development expenditures | 162.3 |  |  | 13.5 |  |  | — |  |  |  |  |  | (13.7) |  |  |  |  | — |  |  | 162.1 |
Investment tax credits | (82.1) |  |  | 5.8 |  |  | — |  |  |  |  |  | 2.1 |  |  |  |  | 0.4 |  |  | (73.8) |
Property, plant and equipment and right-of-use of assets | (114.8) |  |  | (41.0) |  |  | — |  |  |  |  |  | 1.1 |  |  |  |  | 0.6 |  |  | (154.1) |
Intangible assets | (114.7) |  |  | 64.6 |  |  | — |  |  |  |  |  | 10.5 |  |  |  |  | 0.6 |  |  | (39.0) |
Amounts not currently deductible | 80.3 |  |  | 3.0 |  |  | — |  |  |  |  |  | (6.9) |  |  |  |  | 0.5 |  |  | 76.9 |
Government participation | (32.6) |  |  | 118.7 |  |  | — |  |  |  |  |  | 0.3 |  |  |  |  | — |  |  | 86.4 |
Other | (0.8) |  |  | 9.7 |  |  | (10.6) |  |  |  |  |  | (3.9) |  |  |  |  | 1.3 |  |  | (4.3) |
Net deferred tax assets (liabilities) | $ | (4.2) |  |  | $ | 233.7 |  |  | $ | (10.6) |  |  |  |  |  | $ | (25.1) |  |  |  |  | $ | 2.9 |  |  | $ | 196.7 |
For the year ended March 31, 2024, deferred tax recovery of $18.7 million has been recorded in net income from discontinued operations. During the year ended March 31, 2023, movements in temporary differences are as follows:
|  |  |  |  |  |  |  |  |  | Foreign |  |
| Balance |  |  |  |  |  | currency |  |
| beginning | Recognized | Recognized |  | Business | exchange |  | Balance
| of year | in income |  | in OCI |  | combinations | differences | end of year
Non-capital loss carryforwards | $ | 96.9 |  |  | $ | (4.4) |  |  | $ | — |  |  |  |  | $ | — |  |  | $ | 5.7 |  |  | $ | 98.2 |
Unclaimed research & development expenditures | 86.6 |  |  | 75.8 |  |  | — |  |  |  |  | — |  |  | (0.1) |  |  | 162.3 |
Investment tax credits | (85.4) |  |  | 3.3 |  |  | — |  |  |  |  | — |  |  | — |  |  | (82.1) |
Property, plant and equipment and right-of-use of assets | (82.7) |  |  | (22.9) |  |  | — |  |  |  |  | (2.8) |  |  | (6.4) |  |  | (114.8) |
Intangible assets | (90.2) |  |  | (19.7) |  |  | — |  |  |  |  | — |  |  | (4.8) |  |  | (114.7) |
Amounts not currently deductible | 83.1 |  |  | (4.7) |  |  | — |  |  |  |  | — |  |  | 1.9 |  |  | 80.3 |
Government participation | (24.0) |  |  | (8.6) |  |  | — |  |  |  |  | — |  |  | — |  |  | (32.6) |
Other | 39.4 |  |  | (29.2) |  |  | (9.8) |  |  |  |  | 0.7 |  |  | (1.9) |  |  | (0.8) |
Net deferred tax assets (liabilities) | $ | 23.7 |  |  | $ | (10.4) |  |  | $ | (9.8) |  |  |  |  | $ | (2.1) |  |  | $ | (5.6) |  |  | $ | (4.2) |
The non-capital losses incurred in various jurisdictions expire as follows:
Expiry date | Unrecognized | Recognized
2025-2029 | $ | 28.8 |  | $ | 20.6 |
2030-2044 |  | 26.0 |  |  | 264.8 |
No expiry date |  | 140.4 |  |  | 290.0 |
| $ | 195.2 |  | $ | 575.4 |

X
- Definition Income Tax [Abstract] + References No definition available. + Details
Name: | cae_IncomeTaxAbstract
Namespace Prefix: | cae_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Schedule of Components of Income Tax Expense (Benefit) + References No definition available. + Details
Name: | cae_ScheduleofComponentsofIncomeTaxExpenseBenefitTableTextBlock
Namespace Prefix: | cae_
Data Type: | dtr-types1:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Schedule of Effective Income Tax Rate Reconciliation [Table Text Block] + References No definition available. + Details
Name: | cae_ScheduleofEffectiveIncomeTaxRateReconciliationTableTextBlock
Namespace Prefix: | cae_
Data Type: | dtr-types1:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition The disclosure of types of temporary differences, unused tax losses and unused tax credits. [Refer: Unused tax credits [member]; Unused tax losses [member]; Temporary differences [member]] + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Name IAS -Number 12 -IssueDate 2023-01-01 -Paragraph 81 -Subparagraph g -URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&num=12&code=ifrs-tx-2023-en-r&anchor=para_81_g&doctype=Standard -URIDate 2023-03-23 + Details
Name: | ifrs-full_DisclosureOfTemporaryDifferenceUnusedTaxLossesAndUnusedTaxCreditsExplanatory
Namespace Prefix: | ifrs-full_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration