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66
RESEARCH IN MOTION LIMITED
notes to the consolidated financial statements continued
In thousands of United States dollars, except share and per share data, and except as otherwise indicated
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
March 1,
2008 March 3,
2007 March 4,
2006
Statutory Canadian tax rate 35.7% 36.1% 36.1%
Expected income tax provision $ 645,994 $ 310,215 $ 173,925
Differences in income taxes resulting from:
Manufacturing and processing activities (24,984) (12,097) (7,143)
Investment tax credits (58,726) (37,054) (53,385)
Foreign exchange (30,826) (2,111) 597
Foreign tax rate differences (29,909) (37,574) (8,162)
Enacted tax rate changes (4,648) (2,778) -
Non-deductible stock compensation 10,400 6,394 798
Other differences 9,352 2,378 233
$ 516,653 $ 227,373 $ 106,863
For the year ended
March 1,
2008 March 3,
2007 March 4,
2006
Income before income taxes:
Canadian $ 1,635,074 $ 718,004 $ 445,749
Foreign 175,446 140,941 35,770
$ 1,810,520 $ 858,945 $ 481,519
The provision for (recovery of) income taxes consists of the
following:
For the year ended
March 1,
2008 March 3,
2007 March 4,
2006
Provision for (recovery of) income taxes:
Current
Canadian $ 555,895 $ 114,073 $ 11,608
Foreign 31,950 9,480 2,907
Deferred
Canadian (73,294) 100,261 92,340
Foreign 2,102 3,559 8
$ 516,653 $ 227,373 $ 106,863