Income taxes - Reconciliation to Statutory Tax Rate (Detail) - CAD ($) $ in Millions |
12 Months Ended | |
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Oct. 31, 2024 |
Oct. 31, 2023 |
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Reconciliation of accounting profit multiplied by applicable tax rates [abstract] | ||
Income taxes at Canadian statutory tax rate | $ 5,502 | $ 5,037 |
Increase (decrease) in income taxes resulting from: | ||
Lower average tax rate applicable to subsidiaries | (1,971) | (2,081) |
Tax-exempt income from securities | (52) | (337) |
Tax rate change | 1,050 | |
Other | 143 | (98) |
Income taxes (recoveries) | $ 3,622 | $ 3,571 |
Reconciliation of average effective tax rate | ||
Income taxes at Canadian statutory tax rate | 27.70% | 27.70% |
Increase (decrease) in income taxes resulting from: | ||
Lower average tax rate applicable to subsidiaries | (9.90%) | (11.40%) |
Tax-exempt income from securities | (0.30%) | (1.90%) |
Tax rate change | 5.80% | |
Other | 0.70% | (0.60%) |
Income taxes in Consolidated Statements of Income / effective tax rate | 18.20% | 19.60% |
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- Definition The applicable income tax rate. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition The tax expense (income) divided by the accounting profit. [Refer: Accounting profit] Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition The aggregate amount included in the determination of profit (loss) for the period in respect of current tax and deferred tax. [Refer: Current tax expense (income); Deferred tax expense (income)] Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition The amount that represents the difference between the tax expense (income) and the product of the accounting profit multiplied by the applicable tax rate(s) that the entity does not separately disclose in the same statement or note. [Refer: Accounting profit; Applicable tax rate] Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Tax rate effects, in aggregate, on the reconciliation between the average effective tax rate and the applicable tax rate that the entity does not separately disclose in the reconciliation. [Refer: Average effective tax rate; Applicable tax rate] Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- References No definition available.
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- Definition The amount that represents the difference between the tax expense (income) and the product of the accounting profit multiplied by the applicable tax rate(s) that relates to changes in the tax rate. [Refer: Accounting profit] Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition The amount that represents the difference between the tax expense (income) and the product of the accounting profit multiplied by the applicable tax rate(s) that relates to foreign tax rates. [Refer: Accounting profit] Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition The amount that represents the difference between the tax expense (income) and the product of the accounting profit multiplied by the applicable tax rate(s) that relates to revenues that are exempt from taxation. [Refer: Accounting profit] Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition The product of the accounting profit multiplied by the applicable tax rate(s). [Refer: Accounting profit; Applicable tax rate] Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition The tax rate effect on the reconciliation between the average effective tax rate and the applicable tax rate resulting from a change in tax rate. [Refer: Average effective tax rate; Applicable tax rate] Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition The tax rate effect on the reconciliation between the average effective tax rate and the applicable tax rate resulting from the application of foreign tax rates. [Refer: Average effective tax rate; Applicable tax rate] Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition The tax rate effect on the reconciliation between the average effective tax rate and the applicable tax rate resulting from revenue that is exempt from taxation. [Refer: Average effective tax rate; Applicable tax rate] Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Reconciliation of average effective tax rate. No definition available.
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- Definition Tax effect [abstract] No definition available.
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- Definition Tax rate effect [abstract] No definition available.
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