XML 20 R46.htm IDEA: XBRL DOCUMENT v2.4.0.6

INCOME TAXES (Tables)

12 Months Ended

Dec. 31, 2012

INCOME TAXES

Schedule of components of provision for income taxes

		Years Ended December 31,
		2010			2011			2012
		$			$			$
Income (Loss) before Income Tax
Canada			18,354,204			(23,378,980	)		2,616,980
Other			49,228,109			(50,984,454	)		(203,205,487	)
			67,582,313			(74,363,434	)		(200,588,507	)
Current Tax
Canada			9,563,915			8,047,733			2,447,930
Other			13,793,997			13,078,893			13,249,752
			23,357,912			21,126,626			15,697,682
Deferred Tax
Canada			(848,566	)		2,577,854			1,713,862
Other			(5,755,429	)		(7,164,540	)		(22,844,954	)
			(6,603,995	)		(4,586,686	)		(21,131,092	)
Total Income Tax (Benefit) Expense
Canada			8,715,349			10,625,587			4,161,792
Other			8,038,568			5,914,353			(9,595,202	)
			16,753,917			16,539,940			(5,433,410	)

Schedule of tax rates applicable on the Company's major operating subsidiaries in China

Company		Applicable enterprise income tax rate under the new EIT Law
CSI Solartronics (Changshu) Co., Ltd.		25%
CSI Solar Technologies Inc.		Exempted for 2008 and 2009, and 12.5% for 2010, 2011 and 2012 (half reduction of 25%)
CSI Cells Co., Ltd.		Exempted for 2008, 12.5% for 2009, 2010 and 2011 (half reduction of 25%), and 15% for 2012, 2013 and 2014 resulting from its HNTE status
Canadian Solar Manufacturing (Luoyang) Inc.		Exempted for 2008, 12.5% for 2009, 2010 and 2011 (half reduction of 25%), and 25% for 2012 onwards
Canadian Solar Manufacturing (Changshu) Inc		Exempted for 2008 and 2009, 12.5% for 2010, 2011 and 2012 (half reduction of 25%), and 25% for 2012 onwards
CSI Solar Power (China) Inc.		25%

Schedule of movement and balance of the Company's liability for uncertain tax positions

		Years Ended December 31,
		2010			2011			2012
		$			$			$
Beginning balance			8,953,568			9,191,281			9,453,041
Addition for tax positions related to the current year			—			736,707			1,789,167
Addition for tax positions from prior years			342,617			—			—
Reductions for tax positions from prior years/Statute of limitations expirations			(104,904	)		(474,947	)		—
Ending balance			9,191,281			9,453,041			11,242,208

Schedule of components of the deferred tax assets and liabilities

		At December 31, 2011			At December 31, 2012
		$			$
Deferred tax assets:
Accrued warranty costs			11,591,771			9,208,666
Bad debt provision			6,231,452			12,113,049
Issuance costs			1,006,272			339,267
Inventory write-down			4,434,180			6,649,004
Depreciation difference of property, plant and equipment			10,826,169			17,920,711
Contingent liabilities			—			4,508,086
Net operating losses carry-forward			37,960,792			69,189,405
Others			2,694,473			3,158,341
Total deferred tax assets			74,745,109			123,086,529
Valuation allowance			(39,745,271	)		(54,140,359	)
Total deferred tax assets, net of valuation allowance			34,999,838			68,946,170
Analysis as:
Current			11,773,066			29,863,674
Non-current			23,226,772			39,082,496
			34,999,838			68,946,170
Deferred tax liabilities:
Financial derivatives assets			340,817			700,184
Acquisition of subsidiaries			1,230,740			—
Depreciation difference of property, plant and equipment			—			4,644,722
Basis difference relating to SkyPower acquisition			—			62,572,569
Others			591,555			709,052
Total deferred tax liabilities			2,163,112			68,626,527
Analysis as:
Current			2,163,112			12,474,952
Non-current			—			56,151,575
			2,163,112			68,626,527

Schedule of reconciliation between the provision for income tax computed by applying Canadian federal and provincial statutory tax rates to income before income taxes and the actual provision and benefit for income taxes

		Years Ended December 31,
		2010			2011			2012
Combined federal and provincial income tax rate			31	%		28	%		27	%
Expenses not deductible for tax purpose			3	%		(19	)%		(1	)%
Tax exemption and tax relief granted to the Company			(10	)%		25	%		—
Effect of different tax rate of subsidiary operations in other jurisdiction			(3	)%		(3	)%		(7	)%
Unrecognized tax benefits			1	%		(1	)%		(1	)%
Valuation allowance			2	%		(51	)%		(14	)%
Exchange gain (loss)			1	%		(1	)%		(1	)%
			25	%		(22	)%		3	%

Schedule of aggregate amount and per share effect of the tax holiday

		Years Ended December 31,
		2010			2011			2012
		$			$			$
The aggregate dollar effect			6,781,702			18,162,641			—
Per share effect—basic			0.16			0.42			—
Per share effect—diluted			0.16			0.42			—

X

- Definition

Tabular disclosure of tax rates and related years to which the major operating subsidiaries in China are subject to.

+ References

No definition available.

+ Details

Name:	csiq_ScheduleOfTaxRatesTableTextBlock
Namespace Prefix:	csiq_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Details

Name:	us-gaap_IncomeTaxDisclosureAbstract
Namespace Prefix:	us-gaap_
Data Type:	xbrli:stringItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of the components of income tax expense attributable to continuing operations for each year presented including, but not limited to: current tax expense (benefit), deferred tax expense (benefit), investment tax credits, government grants, the benefits of operating loss carryforwards, tax expense that results from allocating certain tax benefits either directly to contributed capital or to reduce goodwill or other noncurrent intangible assets of an acquired entity, adjustments of a deferred tax liability or asset for enacted changes in tax laws or rates or a change in the tax status of the entity, and adjustments of the beginning-of-the-year balances of a valuation allowance because of a change in circumstances that causes a change in judgment about the realizability of the related deferred tax asset in future years.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 740

-SubTopic 10

-Section 50

-Paragraph 9

-URI http://asc.fasb.org/extlink&oid=6907707&loc=d3e32639-109319

+ Details

Name:	us-gaap_ScheduleOfComponentsOfIncomeTaxExpenseBenefitTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of the components of net deferred tax asset or liability recognized in an entity's statement of financial position, including the following: the total of all deferred tax liabilities, the total of all deferred tax assets, the total valuation allowance recognized for deferred tax assets.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 740

-SubTopic 10

-Section 50

-Paragraph 2

-URI http://asc.fasb.org/extlink&oid=6907707&loc=d3e32537-109319

+ Details

Name:	us-gaap_ScheduleOfDeferredTaxAssetsAndLiabilitiesTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of the reconciliation using percentage or dollar amounts of the reported amount of income tax expense attributable to continuing operations for the year to the amount of income tax expense that would result from applying domestic federal statutory tax rates to pretax income from continuing operations.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 740

-SubTopic 10

-Section 50

-Paragraph 12

-URI http://asc.fasb.org/extlink&oid=6907707&loc=d3e32687-109319

+ Details

Name:	us-gaap_ScheduleOfEffectiveIncomeTaxRateReconciliationTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of the change in unrecognized tax benefits.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 740

-SubTopic 10

-Section 55

-Paragraph 217

-URI http://asc.fasb.org/extlink&oid=21917533&loc=d3e36027-109320



Reference 2: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 740

-SubTopic 10

-Section 50

-Paragraph 15A

-URI http://asc.fasb.org/extlink&oid=6907707&loc=SL6600010-109319

+ Details

Name:	us-gaap_ScheduleOfUnrecognizedTaxBenefitsRollForwardTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of the income tax exemptions and reductions which have been granted by taxing authorities for a specified period, applicable term of the exemptions and reductions, estimated dollar value of tax benefits, and per share benefits.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 740

-SubTopic 10

-Section S99

-Paragraph 2

-Subparagraph (SAB TOPIC 11.C)

-URI http://asc.fasb.org/extlink&oid=6889476&loc=d3e330215-122817



Reference 2: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 740

-SubTopic 10

-Section 25

-Paragraph 35

-URI http://asc.fasb.org/extlink&oid=6969291&loc=d3e28937-109314



Reference 3: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

-Name Staff Accounting Bulletin (SAB)

-Number Topic 11

-Section C

+ Details

Name:	us-gaap_SummaryOfIncomeTaxHolidayTextBlock
Namespace Prefix:	us-gaap_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration