INCOME TAXES (Tables)

12 Months Ended

Dec. 31, 2023

INCOME TAXES

Schedule of income tax reconciliation


		Year ended December 31,
		2023			2022
Income (loss) before income taxes		$	192.1		$	(359.3)
Income tax expenses (recovery) at the combined basic federal and provincial tax rate (26.5% in 2023; and 26.5% in 2022)			50.9			(95.2)
Decrease (increase) resulting from:
Permanent differences			124.6			(87.0)
Variance between combined Canadian tax rate and the tax rate applicable to U.S. income			(0.7)			3.7
(Recognition) de-recognition of deferred income tax assets			(15.8)			1.2
Other			0.9			1.2
Income tax expenses (recovery)		$	159.9		$	(176.1)

Schedule of deferred tax assets and liabilities

Recognized in

Balance,

Acquisitions

other

Balance,

December

via business

Foreign

Recognized

comprehensive

December

31, 2022

combinations

exchange

in net loss

loss

31, 2023

Deferred income tax assets

Non-capital loss carry forwards

$

464.7

$

—

$

(2.7)

$

(5.7)

$

—

$

456.3

Landfill closures and post-closure obligations

205.0

—

(4.1)

13.8

—

214.7

Accrued liabilities

3.4

—

(0.1)

1.0

—

4.3

Other

194.7

11.9

(1.0)

(23.0)

(0.4)

182.2

$

867.8

$

11.9

$

(7.9)

$

(13.9)

$

(0.4)

$

857.5

Deferred income tax liabilities

Property and equipment

$

929.9

$

11.8

$

(16.9)

$

(85.8)

$

—

$

839.0

Intangible assets

592.1

85.0

(4.5)

(136.6)

—

536.0

Cash flow hedges

(15.8)

—

—

0.4

9.8

(5.6)

Other

(55.8)

3.3

(1.2)

11.0

—

(42.7)

$

1,450.4

$

100.1

$

(22.6)

$

(211.0)

$

9.8

$

1,326.7


																	Recognized in
		Balance,						Acquisitions									other			Balance,
		December			Discontinued			via business			Foreign			Recognized			comprehensive			December
		31, 2021			operations			combinations			exchange			in net loss			loss			31, 2022
Deferred tax assets
Non-capital loss carry forwards		$	446.8		$	(13.8)		$	5.7		$	11.0		$	15.0		$	—		$	464.7
Landfill closures and post-closure obligations			178.1			—			0.9			9.8			16.2			—			205.0
Accrued liabilities			1.2			—			(0.3)			1.2			1.3			—			3.4
Other			134.2			19.2			6.1			(2.0)			37.2			—			194.7
		$	760.3		$	5.4		$	12.4		$	20.0		$	69.7		$	—		$	867.8
Deferred tax liabilities
Property and equipment		$	774.9		$	(13.5)		$	62.6		$	60.0		$	45.9		$	—		$	929.9
Intangible assets			711.7			(1.9)			3.4			(1.7)			(119.4)			—			592.1
Cash flow hedges			5.8			—			—			—			—			(21.6)			(15.8)
Other			(8.2)			(3.7)			(2.0)			(4.6)			(37.3)			—			(55.8)
		$	1,484.2		$	(19.1)		$	64.0		$	53.7		$	(110.8)		$	(21.6)		$	1,450.4