Statutory income tax rate 26.5% 26.4%
Income before income taxes $ 2,265 $ 2,345
Computed income tax expense using statutory
income tax rate 600 619
Revaluation of deferred tax balances due to legislative
changes 8 54
Non-taxable portion of capital gains (9) (61)
Recognition of previously unrecognized deferred tax
assets (14) (22)
Impairment of goodwill and intangible assets – 11
Non-deductible stock-based compensation 8 9
Other items 3 10
Income tax expense $ 596 $ 620
Effective income tax rate 26.3% 26.4%
Cash income taxes paid $ 496 $ 380
Discontinued Operations
As discussed in the Cable segment, the second quarter of 2012 was the
last period of operations for our Video business, from which point the
associated results were treated as discontinued operations for
accounting and reporting purposes.
52 ROGERS COMMUNICATIONS INC. 2013 ANNUAL REPORT