Canadian Pacific Railway $($known as $"$CP$"),$ with headquarters in Calgary, Alberta, owns

approximately $20,100$ kilometers of track in seven provinces of Canada and into the United States.

Review CP$\text{'}$s Note $5("$Income taxes"$)$ in its audited financial statements for the year ended

December $31,2022.$ Identify, with reasons, the five most important business facts regarding CP$\text{'}$s

income taxes disclosed in the Note. $($This is not a question on quality of financial reporting.$)$