v3.25.4
INCOME TAXES - Reconciliation of income tax expense applying statutory tax and effective tax rates (Details) - CAD ($)
$ in Millions
12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Income Taxes [Abstract]    
Statutory income tax rate 26.20% 26.20%
Income before income tax expense $ 7,626 $ 2,306
Computed income tax expense 1,998 604
Increase (decrease) in income tax expense resulting from:    
Non-taxable gain on revaluation of MLSE investment (1,304) 0
Non-deductible (taxable) stock-based compensation 11 (13)
Non-taxable portion of capital gains (9) 0
Unrealized capital losses for which no deferred tax asset is recognized 42 0
Recognition of previously unrecognized capital loss (10) 0
Other (8) (19)
Total income tax expense $ 720 $ 572
Effective income tax rate 9.40% 24.80%