XML 24 R15.htm IDEA: XBRL DOCUMENT v3.22.2
Note 8 - Income Taxes
 6 Months Ended
Jun. 30, 2022
Notes to Financial Statements  
Income Tax Disclosure [Text Block]

8.

Income Taxes

 

The Company's effective tax rates for the three months ended June 30, 2022 and June 30, 2021, were 18.3% and 47.2% respectively. The effective tax rate for the three month period ended June 30, 2022 varied from the Canadian statutory rate primarily due to losses in jurisdictions for which a valuation allowance is recorded and no benefit is recognized. The effective tax rate for the three month period ended June 30, 2021 varied from the Canadian statutory rate primarily due to permanent changes to prior tax filings.

 

The Company's effective tax rates for the six months ended June 30, 2022 and June 30, 2021, were 17.7% and 39.6% respectively. The effective tax rate for the six month period ended June 30, 2022 varied from the Canadian statutory rate primarily due to losses in jurisdictions for which a valuation allowance is recorded and no benefit is recognized. The effective tax rate for the six month period ended June 30, 2021 varied from the Canadian statutory rate primarily due to permanent changes to prior tax filings.