Westjet 2012 Annual Report Download - page 28

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WestJet 2012 Annual Report / 28
F
a
l
e
I
O
t
r
O
a
p
p
d
c
c
F
r
r
F
or 2013, we
e
a
pproximate i
m
e
asing and $2
I
ncome taxe
s
O
ur operations
he provision
f
r
egulation.
O
ur effective
a
pproximately
p
ermanent diff
p
ronounced, r
e
d
eferred inco
m
c
orporate inco
m
c
onsolidated ta
x
F
or 2013, we a
r
ange from 20
1
r
ate increase i
n
e
stimate that
m
pact of $15
m
million related
s
span several
C
f
or income ta
x
consolidated
i
29 per cent.
f
erences (expe
e
sulting in a c
o
m
e tax liability
m
e tax rate re
d
x rate remaine
nticipate that
o
1
2 is primarily
n
Ontario.
every one-ce
n
m
illion on our
a
to other US-d
o
C
anadian tax j
u
x
es involves j
u
i
ncome tax r
a
Typically wh
e
nses which a
r
o
rresponding d
due to the
p
d
uctions and f
e
d consistent i
n
o
ur annual eff
e
due to the re
m
t change in t
h
annual operati
o
llar denomina
t
u
risdictions, su
b
udgments ba
s
a
te for the y
e
n we experi
e
r
e non-deducti
ecrease in the
p
rovincial gov
e
reezing the co
n
comparison t
o
e
ctive tax rate
m
oval of the
o
h
e value of th
ng costs (app
r
t
ed operating
e
b
jecting our in
c
s
ed on the an
ears ended
D
e
nce higher c
o
ble from taxa
b
rate. Howeve
e
rnment of O
n
rporate incom
e
o
the prior yea
r
will fall within
o
ne-time deferr
s
e Canadian d
o
r
oximately $1
1
e
xpenses).
c
ome to vario
u
n
alysis of sev
e
D
ecember 31,
o
mparative e
a
b
le income) o
r this decreas
e
n
tario cancelli
n
e
tax rate at
1
r
.
the range of
2
r
ed tax liability
s
o
llar versus th
1
million for f
u
u
s rates of tax
a
e
ral different
p
2012 and
D
a
rnings, the i
m
n the overall
e
was offset b
y
n
g the July 1,
1
1.5 per cent.
2
7 and 29 per
c
y
revalue arisi
n
s
e US dollar
w
u
el, $2 million
a
tion. The com
p
ieces of legi
s
D
ecember 31,
m
pact of rela
t
effective tax
r
y
the increase
2012 and Ju
As a result, o
u
c
ent. The decr
e
n
g from the co
r
│
w
ill have an
for aircraft
putation of
s
lation and
2011 was
t
ively fixed
r
ate is less
to our net
ly 1, 2013
u
r effective
e
ase in our
r
porate tax