XML 66 R52.htm IDEA: XBRL DOCUMENT
v3.3.1.900

INCOME TAXES (Tables) | 12 Months Ended
--- | ---
Dec. 31, 2015
INCOME TAXES |
Schedule of components of provision for income taxes |
|  | Years Ended December 31, |
|  | 2013 |  | 2014 |  | 2015 |
|  | $ |  | $ |  | $ |
Income before Income Taxes |  |  |  |  |  |  |  |  |  |
Canada |  |  | 41,700 |  |  | 248,666 |  |  | 79,631 |
Other |  |  | 11,504 |  |  | 72,652 |  |  | 143,197 |
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
|  |  | 53,204 |  |  | 321,318 |  |  | 222,828 |
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Current Tax |  |  |  |  |  |  |  |  |  |
Canada |  |  | 1,695 |  |  | 17,721 |  |  | 71,002 |
Other |  |  | 9,989 |  |  | 29,018 |  |  | 67,351 |
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
|  |  | 11,684 |  |  | 46,739 |  |  | 138,353 |
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Deferred Tax |  |  |  |  |  |  |  |  |  |
Canada |  |  | 11,493 |  |  | 40,895 |  |  | (44,548 | )
Other |  |  | (15,538 | ) |  | (10,203 | ) |  | (44,293 | )
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
|  |  | (4,045 | ) |  | 30,692 |  |  | (88,841 | )
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Total Income Tax (Benefit) Expense |  |  |  |  |  |  |  |  |  |
Canada |  |  | 13,188 |  |  | 58,616 |  |  | 26,454 |
Other |  |  | (5,549 | ) |  | 18,815 |  |  | 23,058 |
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
|  |  | 7,639 |  |  | 77,431 |  |  | 49,512 |
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
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. |  | 25% for 2013 and onwards; 12.5% for 2012 (half reduction of 25%)
CSI Cells Co., Ltd. |  | 25% for 2013 and onwards; 15% for 2012 resulting from its High and New Technology Enterprise ("HNTE") status
Canadian Solar Manufacturing (Luoyang) Inc. |  | 25% for 2012 and onwards;
Canadian Solar Manufacturing (Changshu) Inc. |  | 25% for 2013 and onwards; 12.5% for 2012 (half reduction of 25%)
CSI Solar Power (China) Inc. |  | 25%
Suzhou Sanysolar Materials Technology Co., Ltd. |  | 15% for 2015, 2014 and 2013 resulting from its HNTE status; 25% for 2012
Schedule of movement and balance of the Company's liability for uncertain tax positions |
|  | Years Ended December 31, |
|  | 2013 |  | 2014 |  | 2015 |
|  | $ |  | $ |  | $ |
Beginning balance |  |  | 11,242 |  |  | 13,001 |  |  | 10,844 |
Addition for tax positions related to the current year |  |  | 2,403 |  |  | — |  |  | 196 |
Reductions for tax positions from prior years/Statute of limitations expirations |  |  | — |  |  | (1,368 | ) |  | — |
Foreign exchange effect |  |  | (644 | ) |  | (789 | ) |  | (1550 | )
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Ending balance |  |  | 13,001 |  |  | 10,844 |  |  | 9,490 |
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Schedule of components of the deferred tax assets and liabilities |
|  | At December 31, 2014 |  | At December 31, 2015 |
|  | $ |  | $ |
Deferred tax assets: |  |  |  |  |  |  |
Accrued warranty costs |  |  | 10,509 |  |  | 10,548 |
Bad debt allowance |  |  | 9,318 |  |  | 8,358 |
Issuance costs |  |  | 1,597 |  |  | 1,123 |
Inventory write-down |  |  | 5,308 |  |  | 4,239 |
Future deductible expenses |  |  | — |  |  | 13,878 |
Depreciation and impairment difference of property, plant and equipment, solar power system |  |  | 26,149 |  |  | 34,248 |
Accrued liabilities related to countervailing and anti-dumping duty deposits |  |  | 13,850 |  |  | 55,115 |
Deferred tax assets relating to sale of solar power systems |  |  | 21,097 |  |  | 32,159 |
Net operating losses carry-forward |  |  | 65,876 |  |  | 70,637 |
Others |  |  | 6,947 |  |  | 7,409 |
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Total deferred tax assets, gross |  |  | 160,651 |  |  | 237,714 |
Valuation allowance |  |  | (52,985 | ) |  | (55,959 | )
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Total deferred tax assets, net of valuation allowance |  |  | 107,666 |  |  | 181,755 |
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Deferred tax liabilities: |  |  |  |  |  |  |
Foreign currency derivative assets |  |  | 1,167 |  |  | 4,558 |
Depreciation difference of property, plant and equipment |  |  | 5,264 |  |  | 8,327 |
Deferred profit of projects |  |  | 70,360 |  |  | 40,793 |
Basis difference related to acquisitions |  |  | 26,459 |  |  | 18,339 |
Others |  |  | 1,806 |  |  | 3,047 |
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Total deferred tax liabilities, gross |  |  | 105,056 |  |  | 75,064 |
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Net deferred tax assets (liabilities) |  |  | 2,610 |  |  | 106,691 |
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Analysis as: |  |  |  |  |  |  |
Current deferred tax assets |  |  | 40,810 |  |  | 30,013 |
Non-current deferred tax assets |  |  | 66,856 |  |  | 97,134 |
Current deferred tax liabilities |  |  | 94,711 |  |  | 1,426 |
Non-current deferred tax liabilities |  |  | 10,345 |  |  | 19,030 |
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Net deferred tax assets (liabilities) |  |  | 2,610 |  |  | 106,691 |
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Schedule of movement of the valuation allowance |
|  | Years Ended December 31, |
|  | 2013 |  | 2014 |  | 2015 |
|  | $ |  | $ |  | $ |
Beginning balance |  |  | 54,140 |  |  | 57,190 |  |  | 52,985 |
Additions (Reversals) |  |  | 4,671 |  |  | (4,411 | ) |  | (944 | )
Addition from acquisition of Recurrent |  |  | — |  |  | — |  |  | 4,949 |
Foreign exchange effect |  |  | (1,621 | ) |  | 206 |  |  | (1,031 | )
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Ending balance |  |  | 57,190 |  |  | 52,985 |  |  | 55,959 |
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
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, |
|  | 2013 |  | 2014 |  | 2015 |
Combined federal and provincial income tax rate |  |  | 27 | % |  | 27 | % |  | 27 | %
Effect of permanent difference |  |  | — |  |  | — |  |  | 1 | %
Effect of different tax rate of subsidiary operations in other jurisdiction |  |  | 1 | % |  | (2 | )% |  | (3 | )%
Unrecognized tax benefits |  |  | 5 | % |  | — |  |  | — |
Valuation allowance |  |  | 5 | % |  | (1 | )% |  | — |
Change of tax rates in subsequent years |  |  | (23 | )% |  | — |  |  | — |
Effect of true-up |  |  | — |  |  | — |  |  | (1 | )%
Foreign exchange effect |  |  | — |  |  | — |  |  | (2 | )%
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
|  |  | 15 | % |  | 24 | % |  | 22 | %
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​

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
- References No definition available. + 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=51663037&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 valuation allowances to reduce deferred tax assets to net realizable value, including identification of the deferred tax asset more likely than not will not be fully realized and the corresponding amount of the valuation allowance. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Glossary Valuation Allowance -URI http://asc.fasb.org/extlink&oid=6528051 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 740 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (c) -URI http://asc.fasb.org/extlink&oid=6907707&loc=d3e32537-109319 + Details
Name: | us-gaap_SummaryOfValuationAllowanceTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration