Income Tax Expense (Benefit) of Fortis Inc. from 31 Dec 2015 to 31 Dec 2025

Taxonomy & unit
us-gaap: CAD
Description
Amount of current income tax expense (benefit) and deferred income tax expense (benefit) pertaining to continuing operations.
Summary
Fortis Inc. annual and quarterly Income Tax Expense (Benefit) in CAD history and change rate from 31 Dec 2015 to 31 Dec 2025.
  • Fortis Inc. Income Tax Expense (Benefit) for the quarter ending 30 Jun 2025 was CA$92,000,000, a 33% increase year-over-year.
  • Fortis Inc. annual Income Tax Expense (Benefit) for 2025 was CA$393,000,000, a 14% increase from 2024.
  • Fortis Inc. annual Income Tax Expense (Benefit) for 2024 was CA$346,000,000, a 3.9% decline from 2023.
  • Fortis Inc. annual Income Tax Expense (Benefit) for 2023 was CA$360,000,000, a 25% increase from 2022.
Source SEC data
View on sec.gov
Income Tax Expense (Benefit), Annual (CAD)
Income Tax Expense (Benefit), YoY Annual Change (%)
Income Tax Expense (Benefit), Quarterly (CAD)
Income Tax Expense (Benefit), YoY Quarterly Change (%)

Fortis Inc. Annual Income Tax Expense (Benefit) (CAD)

Period Value YoY Chg Change % Start Date End Date Report Filed Fiscal Year Fiscal Period
2025 CA$393,000,000 +CA$47,000,000 +14% 01 Jan 2025 31 Dec 2025 40-F 12 Feb 2026 2025 FY
2024 CA$346,000,000 -CA$14,000,000 -3.9% 01 Jan 2024 31 Dec 2024 40-F 12 Feb 2026 2025 FY
2023 CA$360,000,000 +CA$71,000,000 +25% 01 Jan 2023 31 Dec 2023 40-F 14 Feb 2025 2024 FY
2022 CA$289,000,000 +CA$55,000,000 +24% 01 Jan 2022 31 Dec 2022 40-F 09 Feb 2024 2023 FY
2021 CA$234,000,000 +CA$3,000,000 +1.3% 01 Jan 2021 31 Dec 2021 40-F 10 Feb 2023 2022 FY
2020 CA$231,000,000 -CA$58,000,000 -20% 01 Jan 2020 31 Dec 2020 40-F 11 Feb 2022 2021 FY
2019 CA$289,000,000 +CA$124,000,000 +75% 01 Jan 2019 31 Dec 2019 40-F 12 Feb 2021 2020 FY
2018 CA$165,000,000 -CA$423,000,000 -72% 01 Jan 2018 31 Dec 2018 40-F 13 Feb 2020 2019 FY
2017 CA$588,000,000 +CA$443,000,000 +306% 01 Jan 2017 31 Dec 2017 40-F 15 Feb 2019 2018 FY
2016 CA$145,000,000 -CA$78,000,000 -35% 01 Jan 2016 31 Dec 2016 40-F 15 Feb 2018 2017 FY
2015 CA$223,000,000 01 Jan 2015 31 Dec 2015 40-F/A 17 Mar 2017 2016 FY

Fortis Inc. Quarterly Income Tax Expense (Benefit) (CAD)

Period TTM Value Value YoY Chg Change % Start Date End Date Report Filed Fiscal Year Fiscal Period
Q2 2025 CA$92,000,000 +CA$23,000,000 +33% 01 Apr 2025 30 Jun 2025 6-K 01 Aug 2025 2025 Q2
Q2 2024 CA$69,000,000 +CA$20,000,000 +41% 01 Apr 2024 30 Jun 2024 6-K 01 Aug 2025 2025 Q2
Q2 2023 CA$49,000,000 -CA$4,000,000 -7.5% 01 Apr 2023 30 Jun 2023 6-K 31 Jul 2024 2024 Q2
Q2 2022 CA$53,000,000 +CA$5,000,000 +10% 01 Apr 2022 30 Jun 2022 6-K 02 Aug 2023 2023 Q2
Q2 2021 CA$48,000,000 -CA$10,000,000 -17% 01 Apr 2021 30 Jun 2021 6-K 28 Jul 2022 2022 Q2
Q2 2020 CA$58,000,000 -CA$67,000,000 -54% 01 Apr 2020 30 Jun 2020 6-K 29 Jul 2021 2021 Q2
Q2 2019 CA$125,000,000 +CA$64,000,000 +105% 01 Apr 2019 30 Jun 2019 6-K 30 Jul 2020 2020 Q2
Q2 2018 CA$61,000,000 -CA$41,000,000 -40% 01 Apr 2018 30 Jun 2018 6-K 02 Aug 2019 2019 Q2
Q2 2017 CA$102,000,000 +CA$74,000,000 +264% 01 Apr 2017 30 Jun 2017 6-K 31 Jul 2018 2018 Q2
Q2 2016 CA$28,000,000 01 Apr 2016 30 Jun 2016 6-K 28 Jul 2017 2017 Q2
* An asterisk sign (*) next to the value indicates that the value is likely invalid.