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Research In Motion Limited • Incorporated Under the Laws of Ontario (In thousands of United States dollars, except per share data, and except as otherwise indicated)
Annual Report 2006 59
For the years ended March 4, 2006, February 26, 2005 and February 28, 2004
9. Income Taxes
The difference between the amount of the provision for (recovery of) income taxes and the amount
computed by multiplying income before income taxes by the statutory Canadian tax rate is reconciled
as follows:
For the year ended  February 26, 2005 February 28, 2004
Statutory Canadian tax rate  36.1% 36.5%
Expected income tax provision   $ 25,703 $ 17,394
Differences in income taxes resulting from:
Manufacturing and processing activities  (1,053) (900)
Increase (decrease) in valuation allowance (142,852) 29,100
Investment tax credits  (13,652) —
Foreign exchange  (2,782) 3,820
Foreign tax rate differences  (5,444) (45,088)
Enacted tax rate changes — (9,743)
Other differences  (2,146) 1,21 7
  $ (142,226) $ (4,200)
For the year ended  February 26, 2005 February 28, 2004
Income before income taxes:
Canadian   $ 55,136 $ 29,309
Foreign  16,025 18,320
  $ 71, 1 6 1 $ 47,629
The provision for (recovery of) income taxes consists of the following:
For the year ended  February 26, 2005 February 28, 2004
Provision for (recovery of) income taxes:
Current
Canadian   $ 655 $ 484
Foreign  770 (4,684)
Deferred
Canadian  (142,070) —
Foreign  (1,581) —
  $ (142,226) $ (4,200)