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Income Taxes (Tables) | 12 Months Ended
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Dec. 31, 2021
Disclosure of income tax [text block] [Abstract] |
Schedule of components of income tax expense |
For the years ended December 31, |  | 2021 |  | 2020 |  | 2019
Current tax expense |  | $ | 85,219 |  |  | $ | 77,138 |  |  | $ | 71,202 |
Deferred tax recovery |  |  | (6,842 | ) |  |  | (81,491 | ) |  |  | (56,080 | )
Tax expense (recovery) |  | $ | 78,377 |  |  | $ | (4,353 | ) |  | $ | 15,122 |
Schedule of reconciliation of statutory income tax rate |
For the years ended December 31, |  | 2021 |  | 2020 |  | 2019
Income before tax |  | $ | 236,139 |  |  | $ | 241,225 |  |  | $ | 202,320 |
Multiplied by the statutory income tax rates |  |  | 26.46 | % |  |  | 26.46 | % |  |  | 26.56 | %
|  |  | 62,482 |  |  |  | 63,828 |  |  |  | 53,736 |
Income tax recorded at rates different from the Canadian tax rate |  |  | (38,060 | ) |  |  | (22,875 | ) |  |  | (13,017 | )
Permanent differences |  |  | 15,444 |  |  |  | 1,548 |  |  |  | (6,760 | )
Effect on deferred tax balances due to changes in income tax rates |  |  | — |  |  |  | (885 | ) |  |  | (2,829 | )
Effect of temporary differences not recognized as deferred tax assets |  |  | 44,591 |  |  |  | (43,941 | ) |  |  | (16,681 | )
Taxes related to prior periods(1) |  |  | (4,769 | ) |  |  | (1,467 | ) |  |  | (311 | )
Other(1) |  |  | (1,311 | ) |  |  | (561 | ) |  |  | 984 |
Tax expense (recovery) |  | $ | 78,377 |  |  | $ | (4,353 | ) |  | $ | 15,122 |
Effective income tax rate |  |  | 33.19 | % |  | $ | (1.80 | )% |  |  | 7.47 | %
Schedule of tax effects of temporary differences between carrying amounts of assets and liabilities for accounting purposes |
As at December 31, |  | 2021 |  | 2020
Deferred tax assets |  |  |  |  |  |
Foreign tax credits |  | $ | 7,164 |  | $ | 6,558
Financing charges |  |  | 7,930 |  |  | 12,004
Deferred revenue |  |  | 9,510 |  |  | 11,127
Loss carry forwards |  |  | 24,777 |  |  | 29,715
Employee benefits |  |  | — |  |  | 12,438
Reserves |  |  | 1,639 |  |  | 1,222
Other |  |  | 3,203 |  |  | 2,531
Total deferred tax assets |  | $ | 54,223 |  | $ | 75,595
As at December 31, |  | 2021 |  | 2020
Deferred tax liabilities |  |  |  |  |  |  |  |
Capital assets |  | $ | (118,881 | ) |  | $ | (149,214 | )
Intangible assets |  |  | (183,914 | ) |  |  | (158,957 | )
Unrealized foreign exchange gains |  |  | (421 | ) |  |  | (13,405 | )
Employee benefits |  |  | (1,138 | ) |  |  | — |
Total deferred tax liabilities |  | $ | (304,354 | ) |  | $ | (321,576 | )
Deferred tax liabilities, net |  | $ | (250,131 | ) |  | $ | (245,981 | )

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