v3.26.1
notes to consolidated financial statements
6 Months Ended
Jun. 30, 2026
notes to consolidated financial statements  
notes to consolidated financial statements

JUNE 30, 2026

TELUS Corporation is one of Canada’s largest telecommunications companies, providing a wide range of technology solutions, which include: mobile and fixed voice and data telecommunications services and products; healthcare services, software and technology solutions (including employee and family assistance programs and benefits administration); agriculture and consumer goods services (software, data management and data analytics-driven smart-food chain and consumer goods technologies); and digital experiences. Data services include: internet protocol; television; hosting, managed information technology and cloud-based services; and home and business security and automation.

TELUS Corporation was incorporated under the Company Act (British Columbia) on October 26, 1998, under the name BCT.TELUS Communications Inc. (BCT). On January 31, 1999, pursuant to a court-approved plan of arrangement under the Canada Business Corporations Act among BCT, BC TELECOM Inc. and the former Alberta-based TELUS Corporation (TC), BCT acquired all of the shares of BC TELECOM Inc. and TC in exchange for Common Shares and Non-Voting Shares of BCT, and BC TELECOM Inc. was dissolved. On May 3, 2000, BCT changed its name to TELUS Corporation and in February 2005, TELUS Corporation transitioned under the Business Corporations Act (British Columbia), successor to the Company Act (British Columbia). TELUS Corporation maintains its registered office at Floor 5, 510 West Georgia Street, Vancouver, British Columbia, V6B 0M3.

The terms “TELUS”, “we”, “us”, “our” or “ourselves” refer to TELUS Corporation and, where the context of the narrative permits or requires, its subsidiaries. Our principal subsidiaries, which were wholly owned as at June 30, 2026, are TELUS Communications Inc. and TELUS Health Inc.

Notes to consolidated financial statements

  ​ ​ ​

Page

General application

1.

Condensed interim consolidated financial statements

7

2.

Accounting policy developments

7

3.

Capital structure financial policies

11

4.

Financial instruments

15

Consolidated results of operations focused

5.

Segment information

24

6.

Revenue from contracts with customers

26

7.

Other income

28

8.

Employee benefits expense

29

9.

Financing costs

30

10.

Income taxes

31

11.

Other comprehensive income

32

12.

Per share amounts

33

13.

Dividends per share

33

14.

Share-based compensation

34

15.

Employee future benefits

37

16.

Restructuring and other costs

39

Consolidated financial position focused

17.

Property, plant and equipment

40

18.

Intangible assets and goodwill

41

19.

Leases

43

20.

Other long-term assets

43

21.

Real estate joint ventures and investments in associates

45

22.

Short-term borrowings

47

23.

Accounts payable and accrued liabilities

47

24.

Advance billings and customer deposits

48

25.

Provisions

49

26.

Long-term debt

50

27.

Other long-term liabilities

55

28.

Owners’ equity

56

29.

Contingent liabilities

59

Other

30.

Related party transactions

61

31.

Additional statement of cash flow information

63