Blackberry 2014 Annual Report Download - page 111

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BlackBerry Limited
Notes to the Consolidated Financial Statements
In millions of United States dollars, except share and per share data, and except as otherwise indicated
22
7. INCOME TAXES
The difference between the amount of the provision for income taxes and the amount computed by multiplying income
from continuing operations before income taxes by the statutory Canadian tax rate is reconciled as follows:
For the year ended
March 1, 2014 March 2, 2013 March 3, 2012
Statutory Canadian tax rate 26.6% 26.6% 28.0%
Expected provision for (recovery of) income taxes from continuing
operations $(1,908) $ (324) $ 425
Differences in income taxes resulting from:
Valuation allowance 781 — —
Investment tax credits (77)(127)(138)
Canadian tax rate differences (82)(125)(21)
Change in unrecognized income tax benefits —(116) —
Non-deductible goodwill impairment — 84 90
Foreign tax rate differences (10) 6 12
Other differences (15) 10 (21)
$(1,311) $ (592) $ 347
For the year ended
March 1, 2014 March 2, 2013 March 3, 2012
Income (loss) from continuing operations before income taxes:
Canadian $(7,212) $ (1,365) $ 1,272
Foreign 28 145 246
$(7,184) $ (1,220) $ 1,518
The provision for (recovery of) income taxes from continuing operations consists of the following:
For the year ended
March 1, 2014 March 2, 2013 March 3, 2012
Current
Canadian $(1,203) $ (760) $ 176
Foreign 77 88 181
Deferred
Canadian (184) 68 34
Foreign (1) 12 (44)
$(1,311) $ (592) $ 347