v3.25.4
Income taxes - Reconciliation of Reported Income Taxes in the Income Statement (Details) - CAD ($)
$ in Millions
12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Income Taxes [Abstract]    
Net earnings (losses) $ 6,514 $ 375
Add back income taxes 1,193 577
Earnings before income taxes $ 7,707 $ 952
Applicable statutory tax rate 26.80% 26.80%
Income taxes computed at applicable statutory rates $ (2,065) $ (255)
Non-taxable portion of net gains on investments 850 18
Uncertain tax positions 22 4
Impairment of goodwill 0 (303)
Change in estimate relating to prior periods 0 1
Non-taxable portion of equity losses 0 (66)
Previously unrecognized tax benefits 0 3
Other 0 21
Total income taxes $ (1,193) $ (577)
Average effective tax rate 15.50% 60.60%