Blackberry 2009 Annual Report Download - page 68

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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
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 28,
2009 March 1,
2008 March 3,
2007
Statutory Canadian tax rate 33.4% 35.7% 36.1%
Expected income tax provision $ 935,881 $ 645,994 $ 310,215
Differences in income taxes resulting from:
Foreign exchange 99,575 (30,826) (2,111)
Investment tax credits (81,173) (58,726) (37,054)
Manufacturing and processing activities (49,808) (24,984) (12,097)
Foreign tax rate differences (16,273) (29,909) (37,574)
Enacted tax rate changes 1,260 (4,648) (2,778)
Non-deductible stock compensation 10,500 10,400 6,394
Other differences 7,785 9,352 2,378
$ 907,747 $ 516,653 $ 227,373
For the year ended
February 28,
2009 March 1,
2008 March 3,
2007
Income before income taxes:
Canadian $ 2,583,976 $ 1,635,074 $ 718,004
Foreign 216,387 175,446 140,941
$ 2,800,363 $ 1,810,520 $ 858,945
The provision for (recovery of) income taxes consists of the
following:
For the year ended
February 28,
2009 March 1,
2008 March 3,
2007
Provision for (recovery of) income taxes:
Current
Canadian $ 880,035 $ 555,895 $ 114,073
Foreign 68,501 31,950 9,480
Deferred
Canadian (36,013) (73,294) 100,261
Foreign (4,776) 2,102 3,559
$ 907,747 $ 516,653 $ 227,373