Telesat Partnership 20-F 18 Mar 22 2021 FY Annual report (foreign) Financial data

Document And Entity Information

Document And Entity Information	12 Months Ended
	Dec. 31, 2021shares
Document Information Line Items
Entity Registrant Name	TELESAT PARTNERSHIP LP
Document Type	20-F
Current Fiscal Year End Date	--12-31
Amendment Flag	false
Entity Central Index Key	0001845842
Entity Current Reporting Status	No
Entity Voluntary Filers	No
Entity Filer Category	Non-accelerated Filer
Entity Well-known Seasoned Issuer	No
Document Period End Date	Dec. 31, 2021
Document Fiscal Year Focus	2021
Document Fiscal Period Focus	FY
Entity Emerging Growth Company	false
Entity Shell Company	false
ICFR Auditor Attestation Flag	false
Document Registration Statement	false
Document Annual Report	true
Document Transition Report	false
Document Shell Company Report	false
Entity File Number	001-39240
Auditor Location	Canada
Entity Incorporation, State or Country Code	Z4
Entity Address, Postal Zip Code	4899
Contact Personnel Name	Telesat Canada
Entity Address, Country	CA
Entity Address, Address Line One	160 Elgin Street
Entity Address, Address Line Two	Suite 2100
Entity Address, Address Line Three	Ottawa
Entity Address, City or Town	Ontario
Entity Interactive Data Current	No
Auditor Firm ID	1208
Document Accounting Standard	International Financial Reporting Standards
Auditor Name	Deloitte LLP
Business Contact
Document Information Line Items
Entity Address, Postal Zip Code	K2P 2P7
Contact Personnel Name	Christopher S. DiFrancesco
Entity Address, Country	CA
Entity Address, Address Line One	160 Elgin Street
Entity Address, Address Line Two	Suite 2100
Entity Address, Address Line Three	Ottawa
Entity Address, City or Town	Ontario
City Area Code	(613)
Local Phone Number	748-8700
Class A Common Shares and Class B Variable Voting Shares
Document Information Line Items
Entity Common Stock, Shares Outstanding	19,428,491
Class C Common Shares
Document Information Line Items
Entity Common Stock, Shares Outstanding	18,098,362

Consolidated Statements of Inco

Consolidated Statements of Income - CAD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Consolidated Statements of Income [Abstract]
Revenue	$ 758,212	$ 820,468	$ 910,893
Operating expenses	(232,808)	(180,874)	(165,499)
Depreciation	(203,772)	(216,885)	(242,966)
Amortization	(16,141)	(17,195)	(23,277)
Other operating gains (losses), net	107,615	(215)	(862)
Operating income	413,106	405,299	478,289
Interest expense	(187,994)	(203,760)	(258,261)
Loss on refinancing			(151,919)
Interest and other income	3,418	5,196	20,043
Loss on changes in fair value of financial instruments	(18,684)	(13,115)	(49,672)
Loss on changes in fair value of partnership units liability	(131,013)
Gain on foreign exchange	27,539	47,605	163,840
Income before tax	106,372	241,225	202,320
Tax (expense) recovery	(78,377)	4,353	(15,122)
Net income	$ 27,995	$ 245,578	$ 187,198

Consolidated Statements of Comp

Consolidated Statements of Comprehensive Income - CAD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Consolidated Statements of Comprehensive Income [Abstract]
Net (loss) income	$ 27,995	$ 245,578	$ 187,198
Items that may be reclassified into profit or loss
Foreign currency translation adjustments	(17,578)	(32,422)	(50,465)
Items that will not be reclassified into profit or loss
Actuarial gains (losses) on employee benefit plans	55,422	(13,693)	1,134
Tax (expense) recovery	(14,424)	3,584	(403)
Other comprehensive income (losses)	23,420	(42,531)	(49,734)
Total comprehensive income	$ 51,415	$ 203,047	$ 137,464

Consolidated Statements of Chan

Consolidated Statements of Changes in Shareholders’ Equity/Partnership Interest - CAD ($) $ in Thousands	Common shares	Preferred shares	Partnership capital	Total share capital/ Partnership capital	Accumulated earnings	Equity-settled employee benefits reserve	Foreign currency translation reserve	Total reserves	Total
Beginning balance at Dec. 31, 2018	$ 26,580	$ 127,126		$ 153,706	$ 843,601	$ 60,715	$ 34,963	$ 95,678	$ 1,092,985
Net income					187,198				187,198
Dividends declared on Director Voting Preferred shares					(20)				(20)
Issuance of share capital on exercise of stock appreciation rights		385		385	(455)	(144)		(144)	(214)
Issuance of share capital on settlement of restricted share units		804		804		(1,729)		(1,729)	(925)
Other comprehensive income (loss), net of tax expense					731		(50,465)	(50,465)	(49,734)
Share-based compensation						16,035		16,035	16,035
Ending balance at Dec. 31, 2019	26,580	128,315		154,895	1,031,055	74,877	(15,502)	59,375	1,245,325
Net income					245,578				245,578
Dividends declared on Director Voting Preferred shares					(10)				(10)
Issuance of share capital on settlement of restricted share units		803		803		(1,729)		(1,729)	(926)
Other comprehensive income (loss), net of tax expense					(10,109)		(32,422)	(32,422)	(42,531)
Share-based compensation						12,500		12,500	12,500
Ending balance at Dec. 31, 2020	26,580	129,118		155,698	1,266,514	85,648	(47,924)	37,724	1,459,936
Reallocation related to Transaction	(26,580)	(129,134)	42,851	(112,863)	(1,029,117)	(96,006)	44,126	(51,880)	(1,193,860)
Net income					27,995				27,995
Dividends declared on Director Voting Preferred shares					(10)				(10)
Issuance of share capital on settlement of restricted share units		16		16					16
Other comprehensive income (loss), net of tax expense					40,998		(17,578)	(17,578)	23,420
Share-based compensation						73,723		73,723	73,723
Ending balance at Dec. 31, 2021			$ 42,851	$ 42,851	$ 306,380	$ 63,365	$ (21,376)	$ 41,989	$ 391,220

Consolidated Statements of Ch_2

Consolidated Statements of Changes in Shareholders’ Equity/Partnership Interest (Parentheticals) - CAD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Consolidated Statements of Changes in Shareholders’ Equity/Partnership Interest [Abstract]
Other comprehensive income (loss) income tax (expense)	$ 14,424	$ 3,584	$ 403

Consolidated Balance Sheets

Consolidated Balance Sheets - CAD ($) $ in Thousands	Dec. 31, 2021	Dec. 31, 2020
Assets
Cash and cash equivalents	$ 1,449,589	$ 818,378
Trade and other receivables	122,698	51,928
Other current financial assets	4,510	448
Current income tax recoverable	3,219	3,116
Prepaid expenses and other current assets	37,783	19,745
Total current assets	1,617,799	893,615
Satellites, property and other equipment	1,431,775	1,318,526
Deferred tax assets	46,187	79,912
Other long-term financial assets	16,348	53,425
Long-term income tax recoverable	12,277	8,418
Other long-term assets	31,254	1,504
Intangible assets	764,078	779,190
Goodwill	2,446,603	2,446,603
Total assets	6,366,321	5,581,193
Liabilities
Trade and other payables	53,761	30,091
Other current financial liabilities	36,647	35,880
Income taxes payable	5,622	7,326
Other current liabilities	85,068	88,829
Current indebtedness
Total current liabilities	181,098	162,126
Long-term indebtedness	3,792,597	3,187,152
Deferred tax liabilities	296,318	325,893
Other long-term financial liabilities	23,835	35,499
Other long-term liabilities	371,453	410,587
Partnership units liability	1,309,800
Total liabilities	5,975,101	4,121,257
Partners’ capital/Shareholders’ equity
Partners’ capital/Share capital	42,851	155,698
Accumulated earnings	306,380	1,266,514
Reserves	41,989	37,724
Total Telesat Partners’ capital/Telesat Canada Shareholders’ equity	391,220	1,459,936
Total liabilities and Partners’ capital/Shareholders’ equity	$ 6,366,321	$ 5,581,193

Consolidated Statements of Cash

Consolidated Statements of Cash Flows - CAD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Cash flows from operating activities
Net income	$ 27,995	$ 245,578	$ 187,198
Adjustments to reconcile net income to cash flows from operating activities
Depreciation	203,772	216,885	242,966
Amortization	16,141	17,195	23,277
Tax expense (recovery)	78,377	(4,353)	15,122
Interest expense	187,994	203,760	258,261
Interest income	(4,392)	(7,668)	(20,268)
Gain on foreign exchange	(27,539)	(47,605)	(163,840)
Loss on changes in fair value of financial instruments	18,684	13,115	49,672
Loss on changes in fair value of partnership units liability	131,013
Share-based compensation	73,723	12,500	16,035
Loss on disposal of assets	848	215	862
Loss on refinancing			151,919
Deferred revenue amortization	(64,998)	(74,091)	(106,558)
Pension expenses	8,133	7,333	6,314
C-band clearing proceeds	(42,860)
Other	(1,953)	7,974	166
Income taxes paid, net of income taxes received	(94,242)	(53,443)	(95,455)
Interest paid, net of interest received	(154,433)	(179,972)	(176,112)
Operating assets and liabilities	(59,875)	15,018	(13,942)
Net cash from operating activities	296,388	372,441	375,617
Cash flows used in investing activities
Satellite programs	(279,941)	(75,902)	(3,668)
Purchase of property and other equipment	(34,620)	(17,060)	(8,345)
Purchase of intangible assets	(1,162)	(30)	(27,597)
C-band clearing proceeds	42,860
Net cash used in investing activities	(272,863)	(92,992)	(39,610)
Cash flows generated from (used in) financing activities
Repayment of indebtedness		(453,592)	(3,743,465)
Proceeds from indebtedness	619,900		3,786,082
Payment of early redemption premium			(43,940)
Payment of debt issue costs	(6,834)		(28,082)
Payments of principal on lease liabilities	(2,178)	(1,793)	(1,252)
Satellite performance incentive payments	(6,914)	(9,031)	(9,644)
Proceeds from exercise of stock options	16
Government grant received		14,185
Initial costs from Transaction	1,260
Dividends paid on Director Voting Preferred shares	(10)	(10)	(20)
Net cash generated from (used in) financing activities	605,240	(450,241)	(40,321)
Effect of changes in exchange rates on cash and cash equivalents	2,446	(38,052)	(36,897)
Increase (decrease) in cash and cash equivalents	631,211	(208,844)	258,789
Cash and cash equivalents, beginning of year	818,378	1,027,222	768,433
Cash and cash equivalents, end of year	$ 1,449,589	$ 818,378	$ 1,027,222

Background of The Company

Background of The Company	12 Months Ended
	Dec. 31, 2021
Disclosure of Background of The Company [Abstract]
BACKGROUND OF THE COMPANY	1. BACKGROUND OF THE COMPANY Telesat Partnership LP (the “Partnership”, “Telesat” or the “Company”) is a Canadian -controlled The Corporation incorporated under the Business Corporations Act Prior to the closing of the Transaction, Loral and PSP Investments held economic interests in Telesat Canada of approximately 63% and 36%, respectively, with the remaining economic interest held by various individuals. As per the terms and conditions set forth in the Transaction Agreement, the Transaction resulted in the Loral stockholders, PSP Investments and certain individual shareholders (other than the Voting Directors) of Telesat Canada (the “Individual Telesat Shareholders”) owning indirectly through the Corporation and the Partnership approximately the same percentage of equity as they held in Telesat Canada; the Corporation becoming the publicly traded general partner of the Partnership; and the Partnership indirectly owning all of the economic interests in Telesat Canada and Loral becoming a wholly owned subsidiary of the Partnership. The Corporation or Telesat Canada did not issue new equity to raise additional cash financing as part of the Transaction. The Partnership did not issue any new partnership units or raise additional cash financing as a part of the Transaction. For further details on the Transaction, refer to the Corporation’s Registration Statement on Form F -4 http://www.sec.gov -Offering http://www.sedar.com Prior to the close of the Transaction, the Partnership did not have any operations nor any assets or liabilities. Telesat Partnership LP was created to facilitate the reorganization to allow for the public listing of the shares of Telesat Corporation, with Telesat Canada being the predecessor entity. As such, the financial statements prior to the close of the Transaction of Telesat Canada reflect the historical financial statements of Telesat Partnership, with the exception of the following: • • The Company is a global satellite operator, providing mission -critical -of-the-art -1 The Company has commenced the development of a constellation of low earth orbit (“LEO”) satellites and integrated terrestrial infrastructure, called “Telesat Lightspeed”. In January 2018, the first LEO satellite was successfully launched into orbit. This Phase 1 LEO satellite has demonstrated certain key features of the Telesat Lightspeed system design, specifically the capability of the satellite and customer terminals to deliver low latency broadband experience. References herein to “Telesat” or “Company” refer to Telesat Canada and its subsidiaries prior to December 31, 2020 and Telesat Partnership LP and its subsidiaries subsequent. Unless the context states or requires otherwise, references herein to the “financial statements” or similar terms refer to the audited consolidated financial statements of Telesat. On March 17, 2022, these financial statements were approved by the Audit Committee of the Board of Directors and authorized for issue.

Transaction

Transaction	12 Months Ended
	Dec. 31, 2021
Disclosure of Transaction [Abstract]
TRANSACTION	2. TRANSACTION On November 23, 2020, Loral and the Corporation entered into a Transaction Agreement and Plan of Merger (the “Transaction Agreement”) with Telesat Canada, the Partnership, Telesat CanHold Corporation (“CanHoldCo”), Lion Combination Sub Corporation (“Merger Sub”), PSP Investments and Red Isle Private Investments Inc. (“Red Isle”), a wholly owned subsidiary of PSP Investments incorporated under the Laws of Canada. Subject to the conditions set forth in the Transaction Agreement, the Transaction resulted in the Loral shareholders, PSP Investments (indirectly through Red Isle) and certain individual shareholders (other than the Voting Directors) of Telesat Canada owning indirectly through the Corporation and the Partnership approximately the same percentage of equity as they held in Telesat Canada, the Corporation becoming the publicly traded general partner of the Partnership and the Partnership indirectly owning all of the economic interests in Telesat Canada. The Transaction Agreement provided that, subject to the terms and conditions therein, Merger Sub merged with and into Loral with Loral surviving the merger as a wholly owned subsidiary of Telesat Partnership. The Transaction was effected through a series of transactions, including: (i) Red Isle contributing approximately US$5 million in value of its equity interests in Telesat Canada in exchange for Class C Shares and the balance of its equity interest in Telesat Canada in exchange for Class C Units (PSP Investments will also (a) be entitled to a payment of US$7 million, (b) be entitled to receive a post -closing -Telesat In furtherance of the Transaction, on April 26, 2021, the Corporation and the Partnership filed a Registration Statement on Form F -4 On August 6, 2021, Telesat Canada was notified that applications filed with the Federal Communications Commission (the “FCC”) for the transfer of control of Telesat Canada’s FCC licenses in connection with the Transaction had been approved. The Transaction was approved by Loral’s shareholders at the August 23, 2021 meeting. The Transaction was completed as of November 18, 2021. The voting common shares of Loral which used to be traded on the NASDAQ under the symbol “LORL”, were delisted and ceased trading after market close on November 18, 2021. Following which, the Class A Common shares and Class B Variable Voting shares (“Telesat Public Shares”) of the Corporation started trading at NASDAQ and the Toronto Stock Exchange under the ticker symbol “TSAT” on November 19, 2021. The Transaction has been accounted for as a reorganization, with Telesat Canada being the predecessor entity, as it is considered a capital transaction amongst Telesat Canada’s direct and indirect shareholders, in accordance with interpretative guidance in IFRS Business Combinations Consolidated Financial Statements

Basis of Presentation

Basis of Presentation	12 Months Ended
	Dec. 31, 2021
Disclosure of Basis of Presentation [Abstract]
BASIS OF PRESENTATION	3. BASIS OF PRESENTATION Statement of Compliance The consolidated financial statements were prepared in accordance with International Financial Reporting Standards (“IFRS”) as issued by the International Accounting Standards Board (“IASB”). The accounting policies in Note 4 were consistently applied to all years presented. Basis of Consolidation Subsidiaries These consolidated financial statements include the results of the Telesat and subsidiaries controlled by the Company. Control is achieved when the Company has power over an entity, has exposure, or rights to variable returns from its involvement with an entity, and has the ability to use the power over an entity to affect the amount of its return. The most significant subsidiaries are listed in Note 34. Joint arrangements A joint operation is a type of joint arrangement whereby the parties that have joint control of the arrangement have rights to their share of the assets and revenue, and obligations for the liabilities and expenses, relating to the arrangement. The Company’s consolidated financial statements include the Company’s share of the assets, liabilities, revenue and expenses of its interest in joint operations. The consolidated financial statements have been prepared on an historical cost basis except for certain financial instruments which were measured at their fair values, as explained in the accounting policies below. Historical cost is based on the fair value of the consideration given or received in exchange for assets or liabilities.

Significant Accounting Policies

Significant Accounting Policies	12 Months Ended
	Dec. 31, 2021
Disclosure of significant accounting policies [text block] [Abstract]
SIGNIFICANT ACCOUNTING POLICIES	4. SIGNIFICANT ACCOUNTING POLICIES Segment Reporting The Company operates in a single operating segment, in which it provides satellite -based Foreign Currency Translation Unless otherwise specified, all figures reported in the consolidated financial statements and associated note disclosures are presented in Canadian dollars, which is the functional and presentation currency of the Company. Each of the subsidiaries of the Company determines its own functional currency and uses that currency to measure items on their separate financial statements. For the Company’s non -foreign -monetary Upon consolidation of the Company’s foreign operations that have a functional currency other than the Canadian dollar, assets and liabilities are translated at the year end exchange rate, and revenue and expenses are translated at the average exchange rates of the month in which the transactions occurred. Gains or losses on the translation of foreign subsidiaries are recognized in other comprehensive income. Cash and Cash Equivalents All highly liquid investments with an original maturity of three months or less, or which are available upon demand with no penalty for early redemption, are classified as cash and cash equivalents. Cash and cash equivalents are comprised of cash on hand, demand deposits, short -term Revenue Recognition Telesat recognizes revenue from satellite services on a monthly basis as services are performed in an amount that reflects the consideration the Company expects to receive in exchange for those services. Telesat accounts for a contract when it has approval and commitment from both parties, the rights of the parties are identified, payment terms are identified, the contract has commercial substance and collectability is considered probable. Revenue from a contract to sell consulting services is recognized as follows: • • Equipment sale revenue is recognized when the customer obtains control of the equipment, being at the time the equipment is delivered to and accepted by the customer. Only equipment sales are subject to warranty or return and there is no general right of return. Historically, the Company has not incurred significant expenses for warranties. When a transaction involves more than one product or service, revenue is allocated to each performance obligation based on its relative stand -alone Deferred Revenue Deferred revenue represents the Company’s liability for the provision of future services and is classified on the balance sheet in other current and long -term -line the related customer contracts. In the case of certain deferred revenue for short -term A significant financing component will only occur in the following circumstances: • • • In the case of the existence of a significant financing component, the amount of the consideration is adjusted to reflect what the cash selling price of the promised service would have been if payments had occurred as control of the service was transferred to the customer. The discount rate used in determining the significant financing component is the rate that would be reflected in a separate financing transaction between the Company and the customer at contract inception. Inventories Inventories are valued at the lower of cost and net realizable value and consist of finished goods and work in process. Cost for substantially all network equipment inventories are determined on a weighted average cost basis. Cost for work in process and certain one -of-a-kind Borrowing Costs Borrowing costs are incurred on the Company’s debt financing. Borrowing costs attributable to the acquisition, production or construction of a qualifying asset are added to the cost of that asset. The Company has defined a qualifying asset as an asset that takes longer than twelve months to be ready for its intended use or sale. Capitalization of borrowing costs continues until such time that the asset is substantially ready for its intended use or sale. Borrowing costs are determined based on specific financing related to the asset, or in the absence of specific financing, the borrowing costs are calculated on the basis of a capitalization rate which is equal to the Company’s weighted average cost of debt. All other borrowing costs are expensed when incurred. Leases At the inception of a contract, the Company assesses whether a contract is, or contains, a lease based on whether or not the contract conveys the right to control the use of the asset for a period of time in exchange for consideration. The Company recognizes a right -of-use -of-use -of-use The lease term is the non -cancellable After the commencement date, the right -of-use -line The lease liability is remeasured when there is a change in future lease payments, arising from a change in index or rate, or if there is a change in the assessment of whether the Company will exercise a purchase, extension or termination option. The amount of the remeasurement of the lease liability is also recognized as an adjustment to the right -of-use -of-use The Company has elected to not recognize a right -of-use -line The Company has also elected the practical expedient, for property leases, not to separate the non -lease -lease Government Grants Government grants are recognized where there is a reasonable assurance that the grant will be received and the attached conditions will be complied with. When the grant relates to an expense, the grant is recorded as a deduction to the related expense incurred over the same period. When the grant relates to an asset, the grant is deducted from the carrying amount of the related asset as the grant is receivable. Satellites, Property and Other Equipment Satellites, property and other equipment, which are carried at cost, less accumulated depreciation and any accumulated impairment losses, include the contractual cost of equipment, capitalized engineering costs, capitalized borrowing costs during the construction or production of qualifying assets, and with respect to satellites, the cost of launch services, and launch insurance. Depreciation is calculated using the straight -line Below are the estimated useful lives in years of satellites, property and other equipment as at December 31, 2021. Years Satellites 12 to 15 Right-of-use assets 2 to 27 Antennas, satellite control & communication equipment 8 to 20 Building, equipment & other 3 to 25 Construction in progress is not depreciated as depreciation only commences when the asset is ready for its intended use. For satellites, depreciation commences on the day the satellite becomes available for service. The investment in each satellite will be removed from the accounts when the satellite is retired. When other property is retired from operations at the end of its useful life, the cost of the asset and accumulated depreciation are removed from the accounts. Earnings are credited with the amount of any net salvage value and charged with any net cost of removal. When an asset is sold prior to the end of its useful life, the gain or loss is recognized immediately in other operating gains (losses), net. In the event of an unsuccessful launch or total in -orbit -orbit Liabilities related to decommissioning and restoration of retiring property and other equipment are measured at fair value with a corresponding increase to the carrying amount of the related asset. The liability is accreted over the period of expected cash flows with a corresponding charge to interest expense. The liabilities recorded to date have not been significant and are reassessed at the end of each reporting period. There are no decommissioning or restoration obligations for satellites. Satellite Performance Incentive Payments Satellite performance incentive payments are obligations payable to satellite manufacturers over the lives of certain satellites. The present value of the payments are capitalized as part of the cost of the satellite and recognized as part of the depreciation of the satellite. Impairment of Long-Lived Assets Tangible fixed assets and finite life intangible assets are assessed for impairment on an annual basis or more frequently when events or changes in circumstances indicate that the carrying value of an asset exceeds the recoverable amount. Tangible fixed assets and finite life intangible assets are also assessed for indicators of impairment or impairment reversals at each reporting period. In cases where there are indicators of impairment, the recoverable amount of the asset, which is the higher of its fair value less costs of disposal and its value in use, is determined. If it is not possible to measure the recoverable amount for a particular asset, the Company determines the recoverable amount of the cash generating unit (“CGU”) with which it is associated. A CGU is the smallest identifiable group of assets that generates cash inflows which are largely independent of the cash inflows from other assets or groups of assets. The Company measures value in use on the basis of the estimated future cash flows to be generated by an asset or CGU. These future cash flows are based on the Company’s latest business plan information and are discounted using rates that best reflect the time value of money and the specific risks associated with the underlying asset or assets in the CGU. The fair value less costs of disposal is the price that would be received to sell an asset or CGU in an orderly transaction between market participants at the measurement date. For the impairment assessment, the fair value is calculated on a recurring basis and is calculated using level 3 of the fair value hierarchy. An impairment loss is the amount by which the carrying amount of an asset or CGU exceeds its recoverable amount. When an impairment loss subsequently reverses, the carrying amount of the asset (or a CGU) is increased to the revised measure of its recoverable amount, so that the increased carrying amount does not exceed the carrying amount that would have been determined had no impairment loss been recognized for the asset (or CGU) in prior years. Impairment losses and reversals of impairment losses are recognized in other operating gains (losses), net. Goodwill and Intangible Assets The Company accounts for business combinations using the acquisition method of accounting, which establishes specific criteria for the recognition of intangible assets separately from goodwill. Goodwill represents the excess between the total of the consideration transferred over the fair value of net assets acquired. After initial recognition at cost, goodwill is measured at cost less any accumulated impairment losses. The Company distinguishes intangible assets between assets with finite and indefinite useful lives. Intangible assets with indefinite useful lives are comprised of the Company’s trade name, intellectual property, and orbital slots. These assets are carried at cost less any accumulated impairment losses. Finite life intangible assets, which are carried at cost less accumulated amortization and any accumulated impairment losses, consist of revenue backlog, customer relationships, customer contracts, concession rights, transponder rights and patents. Intangible assets with finite lives are amortized over their estimated useful lives using the straight -line Below are the estimated useful lives in years of the finite life intangible assets as at December 31, 2021. Years Revenue backlog 17 Customer relationships 20 to 21 Customer contracts 15 Concession rights 3 to 15 Transponder rights 16 Software 5 Patents 18 Impairment of Goodwill and Indefinite Life Intangible Assets An assessment for impairment of goodwill and indefinite life intangible assets is performed annually, or more frequently whenever events or changes in circumstances indicate that the carrying amounts of these assets are likely to exceed their recoverable amount. Goodwill is tested for impairment at the entity level as this represents the lowest level within the Company at which the goodwill is monitored for internal management purposes, and is not larger than an operating segment. With the exception of trade name, which has not been allocated to any CGU and is tested for impairment at the asset level, indefinite life intangible assets are tested for impairment at the CGU level. In the case of orbital slots, the CGU is based on geography. A quantitative impairment test consists of assessing the recoverable amount of an asset, which is the higher of its fair value less costs of disposal and its value in use. For the quantitative impairment assessment, fair value is calculated on a recurring basis and is calculated using level 2 or level 3 of the fair value hierarchy depending on the valuation approach being utilized. Orbital Slots In performing the orbital slot impairment analysis, the Company determines, for each CGU, the recoverable amount. The recoverable amount is defined as the higher of the fair value less costs of disposal, and its value in use on an annual basis. To the extent that the recoverable amount is less than the carrying value of the asset, an impairment exists and the asset is written down to its recoverable amount. Fair value less costs of disposal is the price that would be received to sell the CGU in an orderly transaction between market participants at the measurement date. In order to determine the fair value less costs of disposal, the Company uses either a market or income approach. Under a market approach, the Company measures what an independent third party would pay to purchase the orbital slots by looking to actual market transactions for similar assets. Under an income approach, the fair value is determined to be the sum of the projected discounted cash flows over a discrete period of time. The value in use amount is the present value of the future cash flows expected to be derived from the CGU. The determination of this amount includes projections of cash inflows from the continuing use of the asset and cash outflows that are required to generate the associated cash inflows. These cash flows are discounted at an appropriate discount rate. Goodwill In performing the goodwill impairment analysis, the Company assesses the recoverable amount of goodwill. The recoverable amount is the higher of the income approach as well as the market approach in the determination of the fair value of goodwill at the entity level. Under the income approach, the sum of the projected discounted cash flows for the next five years, or a longer period if justified by the most recent financial plan approved by management, in addition to a terminal value are used to determine the fair value at the entity level. Under the market approach, the fair value at the entity level is determined based on market multiples derived from comparable public companies. Under both approaches, all assumptions used are based on management’s best estimates. The discount rates are consistent with external sources of information. Trade Name For the purposes of impairment testing, the fair value of the trade name is determined using an income approach, specifically the relief from royalties method. The relief from royalties method is comprised of two major steps: i) a determination of the hypothetical royalty rate; and ii) the subsequent application of the royalty rate to projected revenue. In determining the hypothetical royalty rate in the relief from royalties method, the Company considered comparable license agreements, operating earnings benchmarks, an excess earnings analysis to determine aggregate intangible asset earnings, and other qualitative factors. Intellectual Property In performing the intellectual property impairment analysis, the Company determines its recoverable amount. The recoverable amount is the fair value less costs of disposal. To the extent that the recoverable amount is less than the carrying value of the asset, an impairment exists and the asset is written down to its recoverable amount. The Company measures value in use on the basis of the estimated future cash flows to be generated by an asset. These future cash flows are based on the Company’s latest business plan information approved by senior management and are discounted using rates that best reflect the time value of money and the specific risks associated with the underlying asset. Financial Instruments Financial assets are initially recognized at fair value. Financial assets are measured using one of three measurement approaches (fair value through profit or loss (“FVTPL”), fair value through other comprehensive income (“FVTOCI”), or amortized cost). A financial asset is measured at amortized cost if it is not designated as FVTPL, it is held within a business model whose objective is to hold assets to collect contractual cash flows and its contractual terms give rise on specified dates to cash flows that are solely payments of principal and interest on the principal amount outstanding. A debt investment is measured at FVTOCI if it is not designated at FVTPL, it is held within a business model whose objective is achieved by both collecting contractual cash flows and selling financial assets and its contractual terms give rise on specified dates to cash flows that are solely payments of principal and interest on the principal amounts outstanding. On initial recognition of an equity investment that is not held for trading, the Company may irrevocably elect to present subsequent changes in the investment’s fair value in OCI. This election is made on an investment by investment basis. All financial assets not classified as measured at amortized cost or FVTOCI as described above are measured at FVTPL. The following accounting policies apply to the subsequent measurement of the Company’s financial assets: • • Financial liabilities are initially measured at fair value. Financial liabilities are classified as amortized cost or FVTPL. Financial liabilities that are classified as amortized cost are measured and recorded at amortized cost in accordance with the effective interest method. Financial liabilities classified as FVTPL are subsequently measured at fair value with changes in fair value recorded in the consolidated statement of income as part of the gain (loss) on changes in fair value of financial instruments, with the exception of the limited partnership units liability which is recorded in loss on changes in fair value of partnership units liability. The Company has used derivative financial instruments to manage its exposure to foreign exchange risk associated with debt denominated in foreign currencies, as well as to reduce its exposure to interest rate risk associated with debt. Currently, the Company does not designate any of its derivative financial instruments as hedging instruments for accounting purposes. All realized and unrealized gains and losses on these derivative financial instruments are recorded in the consolidated statement of income as part of gain (loss) on changes in fair value of financial instruments. Derivatives, including embedded derivatives that must be separately accounted for, are recorded at fair value on the consolidated balance sheet at inception and marked to market at each reporting period thereafter. Derivatives embedded in financial liabilities and other non -financial -financial Transaction costs for instruments classified as FVTPL are expensed as incurred. Transaction costs that are directly attributable to the acquisition of financial assets and liabilities (other than FVTPL) are added or deducted from the fair value of the financial asset or financial liability on initial recognition. The Company’s financial assets classified as amortized cost and contract assets are subject to impairment requirements. The Company has elected to measure loss allowances for trade receivables and other contract assets at an amount equal to lifetime expected credit loss. The lifetime expected credit losses are the expected credit losses that result from possible default events over the expected life of the instrument. Partnership Units Liability The Limited Partnership Units (“LP Units”) issued by the Partnership as part of the Transaction in exchange for Telesat Canada shares are exchangeable into the Corporation’s shares at the discretion of the holders, subject to a lockup period which expires on the date that is six months from the completion of the Transaction (the “Lock -Up -Up Accordingly, these LP Units have been classified as a financial liability in the financial statements of the Partnership. This liability is remeasured at fair value at the balance sheet date and changes in fair value is recorded through profit and loss. The LP Units have similar economic rights, privileges, restrictions and conditions as the Public Shares of the Corporation and are exchangeable into the Corporation’s Public Shares on a one -for-one -Up Financing Costs The debt issuance costs related to the Senior Secured Credit Facility, the 6.5% Senior Notes (“Senior Notes”), the 4.875% Senior Secured Notes (“Senior Secured Notes”) and the 5.625% Senior Secured Notes (“2026 Senior Secured Notes”) are included in current and long -term -term -term -term -line Employee Benefit Plans Telesat Canada maintains one contributory and three non -contributory -benefit Telesat Canada also provides other post -employment In addition, Telesat Canada provides defined contribution pension plans, under certain circumstances, for employees who are not eligible for the defined benefit pension plans. Telesat also provides health care and life insurance benefits for certain retired employees. These benefits are funded primarily on a pay -as-you-go -insurance As a result of the Transaction, the Company has become responsible for the defined benefit plan and health and life insurance benefits for retired employees of Loral. Loral maintained a defined benefit pension plan for its employees. Loral pension plan is a qualified defined benefit pension plan in which only the employees hired prior to July 1, 2006 could participate. Benefits are based primarily on members’ compensation and/or years of service. In addition to pension plan, certain health care and life insurance benefits are also provided to retired employees and dependents. Healthcare benefits end when the retiree reaches age 65. The Company is responsible for adequately funding the defined benefit pension plans. Contributions are made based on actuarial cost methods that are permitted by pension regulatory bodies and reflect assumptions about future investment returns, salary projections and future service benefits. Costs for defined contribution pension plans are recognized as an expense during the year in which the employees have rendered service entitling them to the Company’s contribution. The Company accrues the present value of its obligations under employee benefit plans and the related costs reduced by the fair value of plan assets. Pension costs and other retirement benefits are determined using the projected unit credit method prorated on service and management’s best estimate of expected investment performance, salary escalation, retirement ages of employees and expected health care costs. Pension plan assets are valued at fair value. The discount rate is based on the market interest rate of high quality bonds. Past service costs arising from plan amendments are recognized immediately to the extent that the benefits are already vested, and otherwise are amortized on a straight -line Remeasurements arising from defined benefit pension plans comprise actuarial gains and losses and the return on plan assets (excluding interest). The Company recognizes them immediately in other comprehensive income, which is included in accumulated earnings, in the year in which they occur. The current service costs and administration fees not related to asset management are included in operating expenses. The net interest expense (income) on the net defined benefit liability (asset) for the period is calculated by applying the discount rate used to measure the defined benefit obligation at the beginning of the year to the net defined benefit liability (asset) at the beginning of the year while taking into account any changes in the net defined benefit liability (asset) during the year as a result of contributions and benefit payments. The net interest expense (income) is included in interest expense. Share-Based Compensation Plans The Company offers equity -settled -based -Scholes Restricted Share Units For each restricted share unit (“RSU”), an expense is recorded over the vesting period equal to the fair value of the Non -Voting -Vesting Income Taxes Income tax expense, comprised of current and deferred income tax, is recognized in income except to the extent it relates to items recognized in other comprehensive income or equity, in which case the income tax expense is recognized in other comprehensive income or equity, respectively. Current income tax is measured at the amount expected to be paid to the taxation authorities, net of recoveries, based on the tax rates and laws enacted or substantively enacted as at the balance sheet date. Deferred taxes are the result of temporary differences arising between the tax bases of assets and liabilities and their carrying amount. Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period when the asset is realized or the liability is settled, based on tax rates and laws that have been enacted or substantively enacted at the balance sheet date. Deferred tax assets are recognized for all deductible temporary differences to the extent that it is probable that taxable profit will be available against which the deductible temporary difference can be utilized. The carrying amount of deferred tax assets is reviewed at each balance sheet date and reduced to the extent that it is no longer probable that the deferred tax assets will be realized. Unrecognized deferred tax assets are reassessed at each balance sheet date and recognized to the extent that it has become probable that future taxable profit will allow the deferred tax assets to be recovered. Deferred tax assets are netted against the deferred tax liabilities when they relate to income taxes levied by the same taxation authority on either: i) ii) Deferred tax liabilities are recognized for all taxable temporary differences except when the deferred tax liability arises from the initial recognition of goodwill or the initial recognition of an asset or liability in a transaction which is not a business combination. For taxable temporary differences associated with investments in subsidiaries, a deferred tax liability is recognized unless the parent can control the timing of the reversal of the temporary difference and it is probable that the temporary difference will not reverse in the foreseeable future. Future Changes in Accounting Policies The IASB periodically issues new and amended accounting standards. The new and amended standards determined to be applicable to the Company are disclosed below. The remaining new and amended standards have been excluded as they are not applicable. Amendments to IAS 1 and IFRS Practice Statement 2 In February 2021, the IASB issued amendments to IAS 1, Presentation of Financial Statements The amendments clarify that accounting policy information is material if users of an entity’s financial statements would need it to understand other material information in the financial statements and that accounting policy information may be material because of its nature, even if the related amounts are immaterial. On the other hand, although a transaction, other event or condition to which the accounting policy information relates may be material, it does not necessarily mean that the corresponding accounting policy information is material to the entity’s financial statements. The amendments are applied prospectively and are effective for annual periods beginning on or after January 1, 2023 with earlier application permitted. The changes will only impact the level of disclosures within the Company’s financial statements. The Company is currently evaluating the impact of the amendment. Amendments to IAS 12 In May 2021, the IASB issued amendments to IAS 12, Income Taxes In specified circumstances, companies are exempt from recognising deferred tax when they recognise assets or liabilities for the first time. The amendments clarify that such initial recognition exemption does not apply to transactions in which equal amounts of deductible and taxable temporary differences arise on initial recognition. Accordingly, entities are required to recognize deferred tax associated with transactions, such as leases and decommissioning obligations, which give rise to equal and offsetting temporary differences. The amendments are effective for annual reporting periods beginning on or after January 1, 2023 with early adoption permitted. There will be no impact on its consolidated financial statements as a result of the amendments. IFRS Interpretation Committee (“IFRIC”), Software as a service arrangements In April 2021, the IFRS Interpretation Committee (“IFRIC”) published an agenda decision clarifying how arrangements in respect of a specific part of cloud technology, software as a service arrangement (“SaaS”). The agenda decision do not address the accounting for other components of cloud technology such as infrastructure as a service and platform as a service. The IFRIC interpretation provides specific guidance with respect to circumstances in relation to configuration and customization costs incurred in implementing SaaS. The Company is currently evaluating the impact of the IFRIC interpretation. There are no other new and amended standards determined to be applicable to Telesat.

Critical Accounting Judgments a

Critical Accounting Judgments and Estimates	12 Months Ended
	Dec. 31, 2021
Disclosure of Critical Accounting Judgments and Estimates [Abstract]
CRITICAL ACCOUNTING JUDGMENTS AND ESTIMATES	5. CRITICAL ACCOUNTING JUDGMENTS AND ESTIMATES Critical judgments in applying accounting policies The following are the critical judgments made in applying the Company’s accounting policies which have the most significant effect on the amounts reported in the financial statements: Deferred revenue The Company’s accounting policy relating to deferred revenue is described in Note 4. Certain of the Company’s revenue agreements were noted to include a significant financing component. Judgment by management is required to determine the discount rate used in the significant financing component calculation. Lease liabilities The Company’s accounting policy relating to leases is described in Note 4. Judgment by management is required in the determination of the likelihood that the lease renewal periods will be exercised as well as the determination of the incremental borrowing rate. Partnership Units Liability The fair value of the LP Units is determined with reference to the listed price of the Public Shares of the Corporation. Judgement by management is required to determine the fair value adjustment factor that needs to be applied to take into account the lack of marketability during the Lock -Up Uncertain income tax positions The Company operates in numerous jurisdictions and is subject to country -specific Critical accounting estimates and assumptions The Company makes accounting estimates and assumptions that affect the carrying value of assets and liabilities, reported net income and disclosure of contingent assets and liabilities. Estimates and assumptions are based on historical experience, current events and other relevant factors, therefore, actual results may differ and differences could be material. The accounting estimates and assumptions critical to the determination of the amounts reported in the financial statements were as follows: Derivative financial instruments measured at fair value Derivative financial assets and liabilities measured at fair value were $1.0 million and $5.4 million, respectively, as at December 31, 2021 (December 31, 2020 — $30.3 million and $18.0 million, respectively). Quoted market values are unavailable for the Company’s financial instruments and, in the absence of an active market, the Company determines fair value for financial instruments based on prevailing market rates (bid and ask prices, as appropriate) for instruments with similar characteristics and risk profiles or internal or external valuation models, such as option pricing models and discounted cash flow analysis, using observable market -based Impairment of goodwill Goodwill represented $2,446.6 million of total assets as at December 31, 2021 and 2020. Determining whether goodwill is impaired requires an estimation of the Company’s value which requires management to estimate the future cash flows expected to arise from operations and to make assumptions regarding economic factors, tax rates and annual growth rates. Actual operating results and the related cash flows of the Company could differ from the estimates used for the impairment analysis. Impairment of intangible assets Intangible assets represented $764.1 million of total assets as at December 31, 2021 (December 31, 2020 — $779.2 million). Impairment of intangible assets is tested annually or more frequently if indicators of impairment or reversal of a prior impairment loss exist. The impairment analysis requires the Company to estimate the future cash flows expected to arise from operations and to make assumptions regarding economic factors, discount rates, tax rates and annual growth rates. Significant judgments are made in establishing these assumptions. Actual operating results and the related cash flows of the Company could differ from the estimates used for the impairment analysis. Employee benefits The cost of defined benefit pension plans and other post -employment -term Share-based compensation The expense for stock options is based on the fair value of the awards granted using the Black -Scholes -Scholes -free Determination of useful life of satellites and finite life intangible assets The estimated useful life and depreciation method for satellites and finite life intangible assets are reviewed annually, with the effect of any changes in estimate being accounted for on a prospective basis. Any change in these estimates may have a significant impact on the amounts reported. Income taxes Management assesses the recoverability of deferred tax assets based upon an estimation of the Company’s projected taxable income using enacted or substantively enacted tax laws, and its ability to utilize future tax deductions before they expire. Actual results could differ from expectations.

Segment Information

Segment Information	12 Months Ended
	Dec. 31, 2021
Disclosure of Segment Information [Abstract]
SEGMENT INFORMATION	6. SEGMENT INFORMATION Telesat operates in a single operating segment, in which it provides satellite -based The Company derives revenue from the following services: Broadcast -to-home Enterprise Consulting and other Revenue derived from the above services were as follows: For the years ended December 31, 2021 2020 2019 Broadcast $ 390,815 $ 411,407 $ 444,478 Enterprise 354,126 389,696 444,732 Consulting and other 13,271 19,365 21,683 Revenue $ 758,212 $ 820,468 $ 910,893 Equipment sales included within the various services were as follows: For the years ended December 31, 2021 2020 2019 Broadcast $ 67 $ 1,300 $ 233 Enterprise 10,023 13,693 8,323 Revenue $ 10,090 $ 14,993 $ 8,556 Geographic Information Revenue by geographic regions was based on the point of origin of the revenue, which was the destination of the billing invoice, and was allocated as follows: For the years ended December 31, 2021 2020 2019 Canada $ 330,832 $ 362,939 $ 395,235 United States 292,474 307,433 329,634 Europe, Middle East & Africa 40,822 44,710 50,911 Latin America & Caribbean 55,818 64,024 73,120 Asia & Australia 38,266 41,362 61,993 Revenue $ 758,212 $ 820,468 $ 910,893 For disclosure purposes, the satellites and the intangible assets have been classified based on ownership. Satellites, property and other equipment and intangible assets by geographic regions were allocated as follows: As at December 31, 2021 2020 Canada $ 814,565 $ 624,303 United Kingdom 541,126 596,625 Europe, Middle East & Africa (excluding United Kingdom) 19,310 23,334 United States 54,390 71,659 All others 2,384 2,605 Satellites, property and other equipment $ 1,431,775 $ 1,318,526 As at December 31, 2021 2020 Canada $ 707,502 $ 718,880 United States 38,039 38,448 Latin America & Caribbean 12,643 15,114 All others 5,894 6,748 Intangible assets $ 764,078 $ 779,190 Other long -term As at December 31 2021 2020 Canada $ 30,979 $ 1,052 United Kingdom 275 452 Other long-term assets $ 31,254 $ 1,504 Goodwill was not allocated to geographic regions. Major Customers For the years ended December 31, 2021 and 2020, there were two significant customers each representing more than 10% of consolidated revenue. For the year ended December 31, 2019, there were three significant customers each representing more than 10% of consolidated revenue.

Operating Expenses

Operating Expenses	12 Months Ended
	Dec. 31, 2021
Disclosure of Operating Expenses [Abstract]
OPERATING EXPENSES	7. OPERATING EXPENSES For the years ended December 31, 2021 2020 2019 Compensation and employee benefits (a) $ 154,975 $ 89,882 $ 87,943 Other operating expenses (b) 47,618 57,622 40,332 Cost of sales (c) 30,215 33,370 37,224 Operating expenses $ 232,808 $ 180,874 $ 165,499 ____________ (a) Compensation and employee benefits included salaries, bonuses, commissions, post -employment -based (b) Other operating expenses included general and administrative expenses, marketing expenses, in -orbit (c) Cost of sales included the cost of third -party The cost of equipment sales included in the cost of sales is as follows: For the years ended December 31, 2021 2020 2019 Cost of equipment sale $ 6,210 $ 10,416 $ 7,003

Other Operating Gains (Losses),

Other Operating Gains (Losses), Net	12 Months Ended
	Dec. 31, 2021
Disclosure of other operating income (expense) [text block] [Abstract]
OTHER OPERATING GAINS (LOSSES), NET	8. OTHER OPERATING GAINS (LOSSES), NET For the years ended December 31, 2021 2020 2019 Loss on disposal of assets $ (848 ) $ (215 ) $ (862 ) C-band clearing proceeds 108,463 — — Other operating gains (losses), net $ 107,615 $ (215 ) $ (862 ) C-Band Clearing Proceeds In 2020, the United States Federal Communications Commission adopted a Report and Order in connection with the clearing of a 300 MHz band of C -Band The Report and Order included a provision for an accelerated version of the C -Band • • The Report and Order also provided for reimbursement of reasonable relocation costs to those who are able to meet the deadline of December 5, 2025. In May 2020, Telesat Canada officially committed to the accelerated version of the C -Band An amount of $108.5 million (US$84.8 million) was recognized during the year ended December 31, 2021, relating to Phase I accelerated clearing of the C -band

Interest Expense

Interest Expense	12 Months Ended
	Dec. 31, 2021
Disclosure of interest income (expense) [text block] [Abstract]
INTEREST EXPENSE	9. INTEREST EXPENSE For the years ended December 31, 2021 2020 2019 Interest on indebtedness $ 151,462 $ 164,253 $ 239,805 Interest on derivative instruments 12,503 11,625 (13,191 ) Interest on satellite performance incentive payments 2,236 2,930 3,536 Interest on significant financing component 18,854 22,434 25,484 Interest on employee benefit plans (Note 31) 1,440 1,169 1,339 Interest on leases 1,499 1,349 1,288 Interest expense $ 187,994 $ 203,760 $ 258,261

Income Taxes

Income Taxes	12 Months Ended
	Dec. 31, 2021
Disclosure of income tax [text block] [Abstract]
INCOME TAXES	10. INCOME TAXES For the years ended December 31, 2021 2020 2019 Current tax expense $ 85,219 $ 77,138 $ 71,202 Deferred tax recovery (6,842 ) (81,491 ) (56,080 ) Tax expense (recovery) $ 78,377 $ (4,353 ) $ 15,122 A reconciliation of the statutory income tax rate, which is a composite of Canadian federal and provincial rates, to the effective income tax rate was as follows: For the years ended December 31, 2021 2020 2019 Income before tax $ 106,372 $ 241,225 $ 202,320 Multiplied by the statutory income tax rates 26.46 % 26.46 % 26.56 % 28,146 63,828 53,736 Income tax recorded at rates different from the Canadian tax rate (38,059 ) (22,875 ) (13,017 ) Permanent differences 50,107 1,548 (6,760 ) Effect on deferred tax balances due to changes in income tax rates — (885 ) (2,829 ) Effect of temporary differences not recognized as deferred tax assets 44,261 (43,941 ) (16,681 ) Taxes related to prior periods (1) (4,769 ) (1,467 ) (311 ) Other (1) (1,309 ) (561 ) 984 Tax expense (recovery) $ 78,377 $ (4,353 ) $ 15,122 Effective income tax rate 73.68 % $ (1.80 )% 7.47 % ____________ (1) Certain comparative figures have been reclassified to conform to the current year presentation. The tax effects of temporary differences between the carrying amounts of assets and liabilities for accounting purposes and the amounts used for tax purposes are presented below: As at December 31, 2021 2020 Deferred tax assets Foreign tax credits $ 7,164 $ 6,558 Financing charges 7,930 12,004 Deferred revenue 9,510 11,127 Loss carry forwards 24,777 29,715 Employee benefits — 12,438 Reserves 1,639 1,222 Other 3,203 2,531 Total deferred tax assets $ 54,223 $ 75,595 As at December 31, 2021 2020 Deferred tax liabilities Capital assets $ (118,881 ) $ (149,214 ) Intangible assets (183,914 ) (158,957 ) Unrealized foreign exchange gains (421 ) (13,405 ) Employee benefits (1,138 ) — Total deferred tax liabilities $ (304,354 ) $ (321,576 ) Deferred tax liabilities, net $ (250,131 ) $ (245,981 ) Deferred income tax assets of $46.2 million (December 31, 2020 — $79.9 million) on the balance sheet relates to Canada and Brazil tax jurisdictions. Temporary differences, tax losses and tax credits Foreign tax credit The Company has Canadian foreign tax credits of $11.1 million which may only be used to offset taxes payable, of which $7.1 million has been recognized. The credits are due to expire between 2024 and 2031. The Company has United Kingdom foreign tax credits of $6.6 million which have no expiry. No deferred tax asset has been recognized in respect of these foreign tax credits. The Company has United States foreign tax credits of $138.5 million carried over from 2017. No deferred tax asset has been recognized in respect of these foreign tax credits. Loss carry forwards and deductible temporary differences The Company has tax losses in Canada of $46.8 million which will expire starting in 2038 for which a deferred tax asset of $7.4 million has been recognized. The Company also has $21.4 million of deductible temporary differences for which no deferred tax asset has been recognized. The Company has tax losses in the United Kingdom of $121.6 million that can be carried forward indefinitely, subject to restrictions on their utilization. The use of the losses is limited to 50% of taxable income generated in a carry forward year. Notwithstanding, the Company will be entitled to a GBP 5 million annual allowance of unrestricted taxable income not subject to the 50% limitation. A deferred tax asset of $23.1 million has been recognized in respect of the losses. The Company also has $285.7 million of unused interest deductions in the United Kingdom that can be carried forward indefinitely. No deferred tax asset has been recognized in respect of these unused interest deductions. The Company has tax losses of $2.5 The Company has tax losses of $4.9 million in Brazil that can be carried forward indefinitely, subject to restrictions on their utilization. The use of the losses is limited to 30% of taxable income generated in a carry forward year. As of December 31, 2021, the Company has cumulative pre -tax three Investments in subsidiaries As at December 31, 2021, the Company had temporary differences of $330.5 million associated with investments in subsidiaries for which no deferred tax liabilities have been recognized, as the Company is able to control the timing of the reversal of these temporary differences and it is not probable that these differences will reverse in the foreseeable future.

Trade and Other Receivables

Trade and Other Receivables	12 Months Ended
	Dec. 31, 2021
Disclosure of trade and other receivables [text block] [Abstract]
TRADE AND OTHER RECEIVABLES	11. TRADE AND OTHER RECEIVABLES As at December 31, 2021 2020 Trade receivables $ 100,758 $ 47,368 Less: Allowance for doubtful accounts (5,216 ) (7,257 ) Net trade receivables 95,542 40,111 Deferred receivables 5,554 7,347 Government grant receivable (Note 27) 17,626 2,776 Other receivables 3,976 1,694 Trade and other receivables $ 122,698 $ 51,928 Allowance for doubtful accounts The movement in the allowance for doubtful accounts was as follows: Years ended December 31, 2021 2020 Allowance for doubtful accounts, beginning of year $ 7,257 $ 1,779 (Reversals) provisions for impaired receivables (1,914 ) 6,069 Receivables written off (13 ) (146 ) Impact of foreign exchange (114 ) (445 ) Allowance for doubtful accounts, end of year $ 5,216 $ 7,257

Other Current Financial Assets

Other Current Financial Assets	12 Months Ended
	Dec. 31, 2021
Disclosure Of Other Current Financial Assets [Abstract]
OTHER CURRENT FINANCIAL ASSETS	12. OTHER CURRENT FINANCIAL ASSETS As at December 31, 2021 2020 Due to Telesat Corporation (Note 35) $ 3,649 $ — Security deposits 861 448 Other current financial assets $ 4,510 $ 448

Prepaid Expenses and Other Curr

Prepaid Expenses and Other Current Assets	12 Months Ended
	Dec. 31, 2021
Disclosure of other provisions, contingent liabilities and contingent assets [text block] [Abstract]
PREPAID EXPENSES AND OTHER CURRENT ASSETS	13. PREPAID EXPENSES AND OTHER CURRENT ASSETS As at December 31, 2021 2020 Prepaid expenses $ 6,431 $ 5,942 Inventory (a) 16,982 5,224 Deferred charges (b) 264 278 Other 14,106 8,301 Prepaid expenses and other current assets $ 37,783 $ 19,745 ____________ (a) As at December 31, 2021, inventory consisted of $15.4 million of work in progress (December 31, 2020 — $4.1 million) and $1.6 million of other inventory (December 31, 2020 — $1.2 million). (b) Deferred charges included deferred financing charges relating to the Revolving Credit Facility.

Other Long-Term Financial Asset

Other Long-Term Financial Assets	12 Months Ended
	Dec. 31, 2021
Other Long Term Financial Assets [Abstract]
OTHER LONG-TERM FINANCIAL ASSETS	14. OTHER LONG-TERM FINANCIAL ASSETS As at December 31, 2021 2020 Deferred receivables $ 12,696 $ 16,022 Other long-term receivables 1,841 1,276 Security deposits 773 5,861 Derivative assets (Note 29) 1,038 30,266 Other long-term financial assets $ 16,348 $ 53,425

Other Long-Term Assets

Other Long-Term Assets	12 Months Ended
	Dec. 31, 2021
Disclosure of other non-current assets [text block] [Abstract]
OTHER LONG-TERM ASSETS	15. OTHER LONG-TERM ASSETS As at December 31, 2021 2020 Prepaid expenses $ 336 $ 452 Deferred charges (Note 13) 511 775 Pension benefits (Note 31) 30,105 — Other 302 277 Other long-term assets $ 31,254 $ 1,504

Satellites, Property and other

Satellites, Property and other Equipment	12 Months Ended
	Dec. 31, 2021
Disclosure of property, plant and equipment [text block] [Abstract]
SATELLITES, PROPERTY AND OTHER EQUIPMENT	16. SATELLITES, PROPERTY AND OTHER EQUIPMENT Satellites Antennas, Building, Right-of-use (1) Assets Total Cost as at January 1, 2020 $ 3,553,115 $ 163,667 $ 90,571 $ 29,141 $ 11,175 $ 3,847,669 Additions — 300 1,335 6,813 87,444 95,892 Disposals/retirements (93,755 ) (2,921 ) (364 ) — — (97,040 ) Transfers from assets under construction — 3,844 619 — (4,463 ) — Impact of foreign exchange (16,028 ) (836 ) (423 ) (438 ) (4,402 ) (22,127 ) Cost as at December 31, 2020 3,443,332 164,054 91,738 35,516 89,754 3,824,394 Additions — 261 631 10,074 313,909 324,875 Disposals/retirements (59,500 ) (2,812 ) (4,949 ) (2,760 ) — (70,021 ) Transfers from assets under construction — 5,948 3,913 — (9,861 ) — Reclassifications (2) — 4,276 (5,047 ) 771 (1,493 ) (1,493 ) Impact of foreign exchange (5,322 ) 58 (551 ) (221 ) 318 (5,718 ) Cost as at December 31, 2021 $ 3,378,510 $ 171,785 $ 85,735 $ 43,380 $ 392,627 $ 4,072,037 Accumulated depreciation and impairment as at January 1, 2020 $ (2,218,821 ) $ (113,249 ) $ (54,299 ) $ (2,367 ) $ — $ (2,388,736 ) Depreciation (200,041 ) (8,678 ) (4,966 ) (3,200 ) — (216,885 ) Disposals/retirements 93,755 2,702 305 — — 96,762 Impact of foreign exchange 2,178 404 301 108 — 2,991 Accumulated depreciation and impairment as at December 31, 2020 (2,322,929 ) (118,821 ) (58,659 ) (5,459 ) — (2,505,868 ) Depreciation (182,848 ) (10,121 ) (7,817 ) (2,986 ) — (203,772 ) Disposals/retirements 59,500 2,627 4,231 1,420 — 67,778 Reclassifications — (3,667 ) 4,438 (771 ) — — Impact of foreign exchange 910 118 118 454 — 1,600 Accumulated depreciation and impairment as at December 31, 2021 $ (2,445,367 ) $ (129,864 ) $ (57,689 ) $ (7,342 ) $ — $ (2,640,262 ) Net carrying values As at December 31, 2020 $ 1,120,403 $ 45,233 $ 33,079 $ 30,057 $ 89,754 $ 1,318,526 As at December 31, 2021 $ 933,143 $ 41,921 $ 28,046 $ 36,038 $ 392,627 $ 1,431,775 ____________ (1) Right -of-use (2) Software of $1,493 was transferred to intangible assets. Substantially all of the Company’s satellites, property and other equipment have been pledged as security as a requirement of the Company’s Senior Secured Credit Facilities, Senior Secured Notes and 2026 Senior Secured Notes as at December 31, 2021 (Note 24). Borrowing costs For the year ended December 31, 2021 and 2020 there were no borrowing costs capitalized. Impairment No impairment was recognized for the years ended December 31, 2021 and 2020. Joint arrangements Telesat International Limited (“TIL”) and APT entered into agreements relating to the Telstar 18 VANTAGE satellite, which are accounted for as a joint operation, whereby TIL’s interest is 42.5%. Telesat (IOM) Limited (“TIOM”) and Viasat Inc. entered into agreements relating to the ViaSat -1 -1

Intangible Assets

Intangible Assets	12 Months Ended
	Dec. 31, 2021
Disclosure of intangible assets [text block] [Abstract]
INTANGIBLE ASSETS	17. INTANGIBLE ASSETS The intangible assets are split between assets with finite and indefinite lives. The indefinite life intangible assets are summarized below. Orbital slots Trade name Intellectual property Total indefinite life intangible assets Cost as at January 1, 2020 $ 608,021 $ 17,000 $ 65,822 $ 690,843 Additions — — 5 5 Disposals/retirements — — (229 ) (229 ) Impact of foreign exchange (808 ) — (757 ) (1,565 ) Cost as at December 31, 2020 and January 1, 2021 607,213 17,000 64,841 689,054 Additions — — — — Disposals/retirements — — — — Impact of foreign exchange (268 ) — (449 ) (717 ) Cost as at December 31, 2021 $ 606,945 $ 17,000 $ 64,392 $ 688,337 Accumulated impairment as at January 1, 2020 $ (1,100 ) $ — $ — $ (1,100 ) Impairment — — — — Accumulated impairment as at December 31, 2020 and January 1, 2021 (1,100 ) — — (1,100 ) Impairment — — — — Accumulated impairment as at December 31, 2021 $ (1,100 ) $ — $ — $ (1,100 ) Net carrying values As at December 31, 2020 $ 606,113 $ 17,000 $ 64,841 $ 687,954 As at December 31, 2021 $ 605,845 $ 17,000 $ 64,392 $ 687,237 The finite life intangible assets are summarized below. Revenue backlog Customer relationships Customer contracts Transponder rights Concession rights Software Other Total Cost as at January 1, 2020 $ 223,664 $ 198,476 $ 12,858 $ 16,718 $ 30,148 $ — $ 59 $ 481,923 Additions — — — — 24 — — 24 Disposals/retirements — (3,943 ) (240 ) — — — — (4,183 ) Impact of foreign exchange — 12 — — (7,258 ) — — (7,246 ) Cost as at December 31, 2020 and January 1, 2021 223,664 194,545 12,618 16,718 22,914 — 59 470,518 Additions — — — — 75 2,770 — 2,845 Disposals/retirements — — — — (411 ) — — (411 ) Impact of foreign exchange — (19 ) — — (1,501 ) — — (1,520 ) Cost as at December 31, 2021 $ 223,664 $ 194,526 $ 12,618 $ 16,718 $ 21,077 $ 2,770 $ 59 $ 471,432 Accumulated amortization and impairment as at January 1, 2020 $ (202,783 ) $ (137,917 ) $ (6,951 ) $ (12,944 ) $ (8,240 ) $ — $ (40 ) $ (368,875 ) Amortization (6,198 ) (6,847 ) (834 ) (1,078 ) (2,235 ) — (3 ) (17,195 ) Disposals/retirements — 3,943 240 — — — — 4,183 Impact of foreign exchange — (70 ) — — 2,675 — — 2,605 Accumulated amortization and impairment as at December 31, 2020 and January 1, 2021 (208,981 ) (140,891 ) (7,545 ) (14,022 ) (7,800 ) — (43 ) (379,282 ) Amortization (5,590 ) (6,894 ) (845 ) (1,078 ) (1,453 ) (277 ) (4 ) (16,141 ) Disposals/retirements — — — — 411 — — 411 Impact of foreign exchange — 13 — — 408 — — 421 Accumulated amortization and impairment as at December 31, 2021 $ (214,571 ) $ (147,772 ) $ (8,390 ) $ (15,100 ) $ (8,434 ) $ (277 ) $ (47 ) $ (394,591 ) Net carrying values As at December 31, 2020 $ 14,683 $ 53,654 $ 5,073 $ 2,696 $ 15,114 $ — $ 16 $ 91,236 As at December 31, 2021 $ 9,093 $ 46,754 $ 4,228 $ 1,618 $ 12,643 $ 2,493 $ 12 $ 76,841 The total combined indefinite and finite life intangible assets are summarized below. As at December 31, 2021 As at December 31, 2020 Cost Accumulated amortization and impairment Net carrying value Cost Accumulated amortization and impairment Net carrying value Indefinite life intangibles $ 688,337 $ (1,100 ) $ 687,237 $ 689,054 $ (1,100 ) $ 687,954 Finite life intangibles 471,432 (394,591 ) 76,841 470,518 (379,282 ) 91,236 Total intangibles $ 1,159,769 $ (395,691 ) $ 764,078 $ 1,159,572 $ (380,382 ) $ 779,190 The orbital slots represent a right to operate satellites in a given longitudinal coordinate in space, where geostationary orbit may be achieved. They are limited in availability and represent a scarce resource. Usage of orbital slots is licensed through the International Telecommunications Union. Satellite operators can generally expect, with a relatively high level of certainty, continued occupancy of an assigned orbital slot either during the operational life of an existing orbiting satellite or upon replacement by a new satellite once the operational life of the existing orbiting satellite is over. As a result of the expectancy right to maintain the once awarded orbital slots, an indefinite life is typically associated with orbital slots. The Company’s trade name has a long and established history, a strong reputation and has been synonymous with quality and growth within the satellite industry. It has been assigned an indefinite life because of expected ongoing future use. The Company’s intellectual property relates to development relating to its planned Telesat Lightspeed constellation. It has been assigned an indefinite life because of anticipated ongoing future use. The following are the remaining useful lives of the intangible assets: Years Revenue backlog 3 Customer relationships 5 to 7 Customer contracts 5 Transponder rights 1 Concession rights 1 to 15 Software 5 Patent 4 All of the Company’s intangible assets, excluding the intangible assets held in an unrestricted subsidiary, have been pledged as security as a requirement of the Company’s Senior Secured Credit Facilities, Senior Secured Notes and 2026 Senior Secured Notes (Note 24). Impairment Finite life intangible assets are assessed for impairment at the Company’s CGU level. With the exception of trade name, which is tested for impairment at the asset level, the indefinite life intangible assets are tested for impairment at the individual CGU level. The annual impairment tests for these assets were performed in the fourth quarters of 2021 and 2020 in accordance with the policy described in Note 4. Orbital slots The orbital slots were valued using an income approach. The income approach is most sensitive to the following assumptions: • • • Movements in the underlying business plan The business plans reflect the most up -to-date • • • Discount rates Discount rates reflect management’s estimates of the specific risks. Management uses a weighted average cost of capital as a discount rate. The discount rates used was 7.5% in 2021 and 8.0% in 2020. Growth rate assumptions Growth rate assumptions used to extrapolate the cash flows beyond the business planning period are based on commercial experience and the expectations for the development of the markets which they serve. Trade name Relief from royalty method was used to calculate the fair value of the Telesat Trade name. The relief from royalty analysis requires determining a hypothetical royalty rate and subsequent application of the rate to projected revenue. The relief from royalties method is most sensitive to the following assumptions: • • • • Movements in the underlying business plan The business plans reflect the most up -to-date Royalty rate The determination of the hypothetical royalty rate used in the relief from royalty approach will consider comparable license agreements and other qualitative factors. The royalty rate used for 2021 and 2020 was 0.25% of revenue. Discount rates Discount rates reflect management’s estimates of the specific risks. Management uses a weighted average cost of capital as a discount rate. The discount rates used was the following: 2021 2020 Geo royalties 7.5 % 8.0 % Leo royalties 17.5 % 17.5 % Growth rate assumptions Growth rate assumptions used to extrapolate the cash flows beyond the business planning period are based on commercial experience and the expectations for the development of the markets which they serve. The long -term 2021 2020 Geo — % — % Leo 3.0 % 3.0 % No impairment loss was recognized in the years ended December 31, 2021 and 2020. Some of the more sensitive assumptions used in the quantitative analysis, including the forecasted cash flows and the discount rate, could have yielded different estimates of the recoverable amount. Actual operating results and the related cash flows of the Company could differ from the estimated operating results and related cash flows used in the impairment analysis, and had different estimates been used, it could have resulted in a different fair value.

Goodwill

Goodwill	12 Months Ended
	Dec. 31, 2021
Disclosure of goodwill [text block] [Abstract]
GOODWILL	18. GOODWILL The Company carries goodwill at its cost of $2,446.6 million with no accumulated impairment losses since acquisition. Impairment Goodwill is tested for impairment at the entity level because that represents the lowest level at which goodwill supports the Company’s operations and is monitored internally. The annual impairment test on goodwill was performed in the fourth quarters of 2021 and 2020 in accordance with the policy described in Note 4. In 2021 and 2020, a quantitative assessment of goodwill was performed. The Company’s recoverable amount exceeded the carrying value therefore, no impairment was recognized. The quantitative calculation is most sensitive to the following assumptions: • • • Movements in the underlying business plan The business plans reflect the most up -to-date • • • Discount rates Discount rates reflect management’s estimates of the specific risks. Management uses a weighted average cost of capital as a discount rate. The discount rates used in the calculation are presented below: 2021 2020 Geo 7.5 % 8.0 % Leo 17.5 % 17.5 % U.S. C-band clearing proceeds 7.5 % 8.0 % Growth rate assumptions Growth rate assumptions used to extrapolate the cash flows beyond the business planning period are based on commercial experience and the expectations for the development of the markets which they serve. Growth rate assumptions were built into the GEO and LEO calculations. Some of the more sensitive assumptions used in the quantitative analysis, including the forecasted cash flows, discount rate and market multiples, could have yielded different estimates of the recoverable amount. Actual operating results and the related cash flows of the Company could differ from the estimated operating results and related cash flows used in the impairment analysis, and had different estimates been used, it could have resulted in a different fair value. If the discount rate for GEO were to increase by 0.5% and the discount rate for LEO were to increase by 2.5%, there would be no impairment on the goodwill.

Trade and Other Payables

Trade and Other Payables	12 Months Ended
	Dec. 31, 2021
Disclosure of trade and other payables [text block] [Abstract]
TRADE AND OTHER PAYABLES	19. TRADE AND OTHER PAYABLES As at December 31, 2021 2020 Trade payables $ 3,456 $ 5,393 Other payables and accrued liabilities (a) 50,305 24,698 Trade and other payables $ 53,761 $ 30,091 ____________ (a) Other payables and accrued liabilities included payables that are not trade in nature as well as various operating and capital accruals.

Other Current Financial Liabili

Other Current Financial Liabilities	12 Months Ended
	Dec. 31, 2021
Other Current Financial Liabilities [Abstract]
OTHER CURRENT FINANCIAL LIABILITIES	20. OTHER CURRENT FINANCIAL LIABILITIES As at December 31, 2021 2020 Derivative liabilities (Note 29) $ 5,367 $ 12,581 Security deposits 875 1,141 Satellite performance incentive payments 7,485 7,996 Interest payable (a) 19,814 12,046 Other 3,106 2,116 Other current financial liabilities $ 36,647 $ 35,880 ____________ (a) Interest payable included interest payable on indebtedness and satellite performance incentive payments.

Other Current Liabilities

Other Current Liabilities	12 Months Ended
	Dec. 31, 2021
Other Current Liabilities [Abstract]
OTHER CURRENT LIABILITIES	21. OTHER CURRENT LIABILITIES As at December 31, 2021 2020 Deferred revenue (Note 23) $ 78,157 $ 81,759 Decommissioning liabilities (Note 23) 991 790 Uncertain tax positions 1,315 1,315 Lease liabilities 1,949 2,131 Other 2,656 2,834 Other current liabilities $ 85,068 $ 88,829

Other Long-Term Financial Liabi

Other Long-Term Financial Liabilities	12 Months Ended
	Dec. 31, 2021
Disclosure of financial liabilities [text block] [Abstract]
OTHER LONG-TERM FINANCIAL LIABILITIES	22. OTHER LONG-TERM FINANCIAL LIABILITIES As at December 31, 2021 2020 Derivative liabilities (Note 29) $ — $ 5,448 Security deposits 976 473 Satellite performance incentive payments 22,859 29,578 Other long-term financial liabilities $ 23,835 $ 35,499

Other Long-Term Liabilities

Other Long-Term Liabilities	12 Months Ended
	Dec. 31, 2021
Disclosure of other non-current liabilities [text block] [Abstract]
OTHER LONG-TERM LIABILITIES	23. OTHER LONG-TERM LIABILITIES As at December 31, 2021 2020 Deferred revenue (b) $ 289,926 $ 332,363 Accrued benefit liabilities (Note 31) 45,221 47,984 Uncertain tax positions 175 175 Decommissioning liabilities (a) 2,402 3,145 Lease liabilities (c) 33,729 26,920 Other long-term liabilities $ 371,453 $ 410,587 ____________ (a) The current and long -term Nil (b) Remaining performance obligations, which the Company also refers to as contract revenue backlog (“backlog”) represents the expected future revenue under existing customer contracts, includes both cancellable and non -cancellable The Company expects the backlog as at December 31, 2021 to be recognized as follows (in millions of Canadian dollars): 2022 2023 2024 2025 2026 Thereafter Total $ 582 $ 461 $ 313 $ 219 $ 185 $ 372 $ 2,132 (c) The expected undiscounted contractual cash flows of the lease liabilities as at December 31, 2021 were as follows: 2022 2023 2024 2025 2026 Thereafter Total $ 3,504 $ 3,580 $ 3,446 $ 3,180 $ 2,960 $ 34,990 $ 51,660 The undiscounted contractual cash flows included $15.7 million of interest payments

Indebtedness

Indebtedness	12 Months Ended
	Dec. 31, 2021
Indebtedness [Abstract]
INDEBTEDNESS	24. INDEBTEDNESS As at December 31 2021 2020 Senior Secured Credit Facilities Revolving Credit Facility $ — $ — Term Loan B – U.S. Facility (US$1,552,815) 1,962,292 1,975,957 Senior Notes (US$550,000) 695,035 699,875 2026 Senior Secured Notes (US$500,000) 631,850 — Senior Secured Notes (US$400,000) 505,480 509,000 3,794,657 3,184,832 Deferred financing costs, prepayment options and loss on repayment (2,060 ) 2,320 3,792,597 3,187,152 Less: current indebtedness — — Long-term indebtedness $ 3,792,597 $ 3,187,152 On October 11, 2019, Telesat Canada issued, through a private placement, US$550 million of Senior Notes at an interest rate of 6.5%, which mature in October 2027. Debt issue costs of $7.4 million were incurred in connection with the issuance of the Senior Notes. The Senior Notes are structurally subordinated to Telesat Canada’s existing and future secured indebtedness, including obligations under its Senior Secured Credit Facilities and Senior Secured Notes. The Senior Notes are governed by the Senior Notes Indenture. With the proceeds from the Senior Notes offering, along with available cash on hand, all outstanding amounts, including redemption premium and discounted interest to November 15, 2019, were repaid on October 11, 2019, on the US$500 million 8.875% Senior Notes. Any unamortized deferred financing costs and prepayment options were written off upon repayment of the 8.875% Senior Notes. On December 6, 2019, Telesat Canada entered into a new amended and restated Credit Agreement with a syndicate of banks which provides for the extension of credit under the Senior Secured Credit Facilities of US$1,908.5 million and revolving credit borrowings up to US$200.0 million (or Canadian dollar equivalent). The term loan facility matures in December 2026 while the revolving credit facility matures in December 2024. Debt issue costs of $16.0 million were incurred in connection with this amendment, inclusive of $1.3 million relating to the revolving credit facility. All obligations under the Credit Agreement are guaranteed by the Company and certain of Telesat Canada’s existing subsidiaries (“Guarantors”). The obligations under the Credit Agreement and the guarantees of those obligations are secured, subject to certain exceptions, by first priority liens and security interest in the assets of Telesat Canada and the Guarantors. If the Revolving Credit Facility is drawn by more than 35% of the Credit Facility amount, the Credit Agreement requires Telesat Canada to comply with a first lien net leverage ratio of 5.75:1.00, tested quarterly, and failure to comply will result in an event of default. The Credit Agreement contains total leverage ratio covenants that restrict, with certain exceptions, the ability of Telesat Canada and the Guarantors to take specified actions, including, among other things and subject to certain significant exceptions: creating liens, incurring indebtedness, making investments, engaging in mergers, selling property, paying dividends, entering into sale -leaseback On December 6, 2019, Telesat Canada issued, through private placement, US$400 million of Senior Secured Notes, at an interest rate of 4.875%, which mature in June 2027. Debt issue costs of $6.6 million were incurred in connection with the issuance of the Senior Secured Notes. The Senior Secured Notes are guaranteed by the Company and certain Guarantors. The Senior Secured Notes are governed by the Senior Secured Notes Indenture. The obligations under the Senior Secured Notes Indenture are secured, subject to certain exceptions, by first priority liens and security interest in the assets of Telesat Canada and the Guarantors. The Senior Secured Notes include covenants or terms that restricts the Company’s ability to, among other things: (i) incur or guarantee additional indebtedness, or issue disqualified stock or preferred shares, (ii) incur liens, (iii) pay dividends, or make certain restricted payments or investments, (iv) enter into certain transactions with affiliates, (v) modify or cancel satellite insurance, (vi) consolidate, merge, sell or otherwise dispose of substantially all assets, (vii) create restrictions on the ability to pay dividends, make loans, and sell assets, and (viii) designate subsidiaries as unrestricted subsidiaries. On April 27, 2021, Telesat Canada, as issuer, and Telesat LLC, as co -issuer The 2026 Senior Secured Notes bear interest from the issue date, payable on June 1 and December 1 of each year, which commenced on December 1, 2021, to holders of record on the immediately preceding May 15 or November 15, as the case may be. The prepayment options associated with the 2026 Senior Secured Notes were fair valued at the time of debt issuance. The initial fair value impact, as at April 27, 2021, of the prepayment option related to the 2026 Senior Secured Notes was a $1.9 million increase to the indebtedness. This liability is subsequently amortized using the effective interest method. The former senior secured credit facilities were fully repaid on December 6, 2019 from the new amended and restated Credit Agreement in the amount of US$1,908.5 million and the US$400 million Senior Secured Notes. Any unamortized deferred financing costs, interest rate floors, and net gain on repricing/repayment were written off upon repayment of the former senior secured credit facilities. In December 2020, the Company made a US$341.4 million prepayment on the Term Loan B — U.S. Facility. The prepayment was applied to all mandatory future quarterly principal repayments, with the remaining balance of the prepayment being applied towards the principal amount outstanding on maturity. The prepayment resulted in the recognition of a loss of $2.3 million, which was recorded against interest and other income and indebtedness. The loss recorded against the indebtedness is subsequently amortized to interest expense using the effective interest method. (a) The Senior Secured Credit Facilities, which were entered into on December 6, 2019, are secured by substantially all of Telesat Canada’s assets. The Credit Agreement requires Telesat Canada and the Guarantors to comply with a First Lien Net Leverage Ratio if the Revolving Credit Facility is drawn by more than 35% of the Credit Facility amount. As at December 31, 2021 and 2020, Telesat Canada was in compliance with this covenant. The Senior Secured Credit Facilities, have two tranches which are described below: (i) A Revolving Credit Facility (“Revolving Facility”) of up to $200.0 million U.S. dollars (or Canadian dollar equivalent) is available to Telesat Canada maturing in December 2024. This Revolving Facility is available to be drawn at any time in U.S. funds or Canadian dollar equivalent funds. Loans under the Revolving Facility bear interest at a floating interest rate. For Canadian Prime Rate and Alternative Base Rate (“ABR”) loans, an applicable margin ranging from 0.75% to 1.25% is applied to the Prime Rate and ABR as these interest rates are defined in the Senior Credit Facilities. For Bankers Acceptance (“BA”) Loans and Eurodollar Loans, an applicable margin ranging from 1.75% to 2.25% is applied to either the BA interest rate or LIBOR. The rates on the Revolving Facility vary depending upon the results of the first lien leverage ratio. The Revolving Facility has an unused commitment fee that ranges from 25.0 to 37.5 basis points per annum, depending upon the result of the total leverage ratio. As at December 31, 2021, other than $0.2 million (December 31, 2020 — $0.2 million) in drawings related to letters of credit, there were no borrowings under this facility. (ii) The U.S. TLB Facility is a US$1,908.5 million facility maturing in December 2026. The borrowings under the U.S. TLB Facility bear interest at a floating rate of either: (i) LIBOR as periodically determined for interest rate periods selected by Telesat Canada in accordance with the terms of the Senior Secured Credit Facilities, plus an applicable margin of 2.75%; or (ii) Alternative Base Rate as determined in accordance with the terms of the Senior Secured Credit Facilities plus an applicable margin of 1.75%. The mandatory principal repayment is equal to 0.25% of the original aggregate principal amount, payable on the last day of each quarter, commencing on March 31, 2020. As a result of the prepayment made in December 2020, mandatory quarterly principal repayments are no longer be required. The weighted average effective interest rate for the year ended December 31, 2021 was 2.96% (December 31, 2020 — 3.63%). (b) The Senior Notes bear interest at an annual rate of 6.5% with interest payments payable in April and October, annually, which commenced in April 2020. The Senior Notes are due in October 2027 and were entered into on October 11, 2019. The total balance of the Senior Notes is US$550.0 million. The Senior Notes include covenants or terms that restrict the Company’s ability to, among other things: (i) incur or guarantee additional indebtedness, or issue disqualified stock or preferred shares, (ii) incur liens, (iii) pay dividends, or make certain restricted payments or investments, (iv) enter into certain transactions with affiliates, (v) modify or cancel satellite insurance, (vi) consolidate, merge, sell or otherwise dispose of substantially all assets, (vii) create restrictions on the ability to pay dividends, make loans, and sell assets, and (viii) designate subsidiaries as unrestricted subsidiaries. The weighted average effective interest rate for the year ended December 31, 2021 and 2020 was 6.27%. (c) The Senior Secured Notes bear interest at an annual rate of 4.875% with interest payable on June 1 and December 1, annually, which commenced in June 2020. The Senior Secured Notes are due in June 2027 and were entered into on December 6, 2019. The total balance of the Senior Secured Notes is US$400.0 million. The Senior Secured Notes are secured, subject to certain exceptions, by the assets of Telesat Canada and the Guarantors. The Senior Secured Notes include covenants or terms that restrict the Company’s ability to, among other things: (i) incur or guarantee additional indebtedness, or issue disqualified stock or preferred shares, (ii) incur liens, (iii) pay dividends, or make certain restricted payments or investments, (iv) enter into certain transactions with affiliates, (v) modify or cancel satellite insurance, (vi) consolidate, merge, sell or otherwise dispose of substantially all assets, (vii) create restrictions on the ability to pay dividends, make loans, and sell assets, and (viii) designate subsidiaries as unrestricted subsidiaries. The weighted average effective interest rate for the year ended December 31, 2021 and 2020 was 4.76%. (d) The 2026 Senior Secured Notes bear interest at an annual rate of 5.625% with interest payable on June 1 and December 1, which commenced in December 2021. The 2026 Senior Secured Notes are due in December 2026 and were entered into on April 27, 2021. The total balance of the 2026 Senior Secured Notes is US$500.0 million. The 2026 Senior Secured Notes are secured, subject to certain exceptions, by the assets of Telesat Canada and the Guarantors. The indenture governing the 2026 Senior Secured Notes includes covenants and terms that restrict Telesat Canada’s ability to, among other things, incur additional indebtedness, incur liens, pay dividends or make certain other restricted payments, investments or acquisitions, enter into certain transactions with affiliates, modify or cancel its satellite insurance, effect mergers with another entity, and redeem the 2026 Senior Secured Notes, without penalty, before December 6, 2022, in each case subject to exceptions provided in such indenture. The weighted average effective interest rate for the 249 -day (e) The Senior Secured Credit Facilities, Senior Notes, Senior Secured Notes and 2026 Senior Secured Notes included the following deferred financing costs and prepayment options: (i) The U.S. TLB Facility, Senior Notes, Senior Secured Notes and 2026 Senior Secured Notes were presented on the balance sheet net of related deferred financing costs of $27.4 million as at December 31, 2021 (December 31, 2020 — $24.9 million). The deferred financing costs are amortized using the effective interest method. (ii) The U.S. TLB Facility was presented on the balance sheet net of the loss on repayment of $1.9 million as at December 31, 2021 (December 31, 2020 — $2.3 million). (iii) The indenture agreement for the Senior Notes contained provisions for certain prepayment options which were fair valued at the time of debt issuance. The initial fair value impact, as at October 11, 2019, of the prepayment option related to the Senior Notes was a $17.8 million increase to the indebtedness. This liability is subsequently amortized using the effective interest method and had a carrying amount of $13.7 million as at December 31, 2021 (December 31, 2020 — $15.7 million). (iv) The indenture agreement for the Senior Secured Notes contained provisions for certain prepayment options which were fair valued at the time of debt issuance. The initial fair value impact, as at December 6, 2019, of the prepayment option related to the Senior Secured Notes was a $10.6 million increase to the indebtedness. This liability is subsequently amortized using the effective interest method and had a carrying amount of $8.0 million as at December 31, 2021 (December 31, 2020 — $9.3 million). (v) The indenture agreement for the 2026 Senior Secured Notes contained provisions for certain prepayment options which were fair valued at the time of debt issuance. The initial fair value impact, as at April 27, 2021, of the prepayment option related to the 2026 Senior Secured Notes was a $1.9 million increase to the indebtedness. This liability is subsequently amortized using the effective interest method and had a carrying amount of $1.7 million as at December 31, 2021. The short -term -term As at December 31, 2021 2020 Short-term deferred financing costs $ — $ — Long-term deferred financing costs 27,431 24,888 $ 27,431 $ 24,888 Short-term prepayment options $ — $ — Long-term prepayment options (23,448 ) (24,925 ) $ (23,448 ) $ (24,925 ) Short-term loss on repayment $ — $ — Long-term loss on repayment (1,923 ) (2,283 ) $ (1,923 ) $ (2,283 ) Deferred financing costs, prepayment options and loss on repayment $ 2,060 $ (2,320 )

Partnership Units Liability

Partnership Units Liability	12 Months Ended
	Dec. 31, 2021
Disclosure of liability [text block] [Abstract]
PARTNERSHIP UNITS LIABILITY	25. PARTNERSHIP UNITS LIABILITY The LP Units are classified as a financial liability due to their exchange features and changes in fair value is recorded through profit and loss. These LP Units were issued in exchange for Telesat Canada shares as part of the Transaction. The number of the LP Units issued as part of the Transaction and outstanding as at December 31, 2021 is as follows: Number Class A LP Units and Class B LP Units 19,428,491 Class C LP Units 18,098,362 37,526,853 On completion of the Transaction, these LP Units were recorded at a book value of $1,171.2 million. The fair value of the LP Units as at December 31, 2021 has been determined to be $1,309.8 million, resulting in a loss of $131.0 million. This loss has been recorded in the statement of income as loss on changes in fair value of partnership units liability.

Partners' Capital_Share Capital

Partners' Capital/Share Capital	12 Months Ended
	Dec. 31, 2021
Partners Capital Share Capitaltext Block [Abstract]
Schedule of number of shares and stated value of the outstanding shares	26. PARTNERS’ CAPITAL/SHARE CAPITAL The authorized capital of the Partnership comprises of: (a) an unlimited number (b) LP Units as follows: (i) an unlimited number of Class A LP Units, (ii) an unlimited number of Class B LP Units, (iii) Class C LP Units The GP Units are held by the Corporation as the sole general partner of the Partnership. As part of the Transaction, in total 12,020,087 GP Units were issued to the Corporation, representing approximately 24% of the economic interest in the Partnership. The Class A LP Units are currently held by the partners (other than Red Isle, Red Isle’s permitted transferees that are wholly owned by PSP Investments or any holder of Class D LP Units of the Partnership (“Class D Units”) in their capacity as such) who can demonstrate to the Partnership that they are Canadian (as defined in the Investment Canada Act). The Class B LP Units are held by the partners (other than Red Isle, Red Isle’s permitted transferees that are wholly owned by PSP Investments or any holder of Class D LP Units in their capacity as such). The Class C LP Units are held by Red Isle or its permitted transferees that are wholly owned by PSP Investments. Each holder of a Partnership LP Unit is entitled to vote in respect of matters on which holders of the Corporation’s common shares are entitled to vote through a special voting share of the Corporation. Holders of LP Units are entitled to one vote per unit (through the Special Voting Shares) and will vote together with their respective class of the Corporation shares as a single class. As the general partner of the Partnership, the Corporation can make certain amendments to the Partnership Agreement without the consent of the limited partners. The Corporation, as the general partner, may cause distributions to be made by the Partnership to the partners in the following order of priority: (a) the Corporation may, in its sole discretion, from time to time cause cash distributions to be made by the Partnership to the Corporation (which distributions will be made without pro rata distributions to the other partners) in such amounts as required for the Corporation to pay certain expenses and tax liabilities described in the Partnership Agreement and (b) after payment of any deferred distributions described below, the Corporation may, in its sole discretion, from time to time in such amounts as it shall determine, cause distributions to be made by the Partnership to the partners in accordance with their percentage interests, pro rata. Pursuant to the terms of the Partnership Agreement, unitholders are entitled to distributions from the Partnership in an amount equal to any dividends or distributions that is declared and paid with respect to the Public Shares of the Corporation. Differences include that in the event that any partner other than the Corporation, that is subject to U.S. federal income tax has net cumulative taxable income that exceeds zero, then on the next applicable tax distribution date, the Partnership shall distribute to each partner, whether or not such partner is subject to U.S. federal income tax, its assumed tax liability, less all prior distributions paid in respect of such partner’s units, provided, however, that the Corporation may defer such distribution. Since, subject to the Lock -Up No additional GP Units of the Partnership have been issued during 2021 other than as a part of the Transaction. During the course of the Transaction, 10 Class X LP Units (”X LP Units”) with nominal value were also issued. These X LP Units were later redeemed for consideration equal to their fair market value. Telesat Canada The information below summarizes the share capital of Telesat Canada that existed in 2020 and to the completion of the Transaction. The number of shares and stated value of the outstanding shares of Telesat Canada as at December 31, 2020 were as follows: Number of Stated Common Shares 74,252,460 $ 26,580 Voting Participating Preferred Shares 7,034,444 48,246 Non-Voting Participating Preferred Shares 38,508,117 80,862 Director Voting Preferred Shares 1,000 10 Share capital $ 155,698 In November 2021, November 2020, December 2019 and February 2019 dividends were declared and paid on the Director Voting Preferred Shares. In January 2019, 40,269 stock appreciation rights (“SARS”) were exercised for 14,846 Non -Voting In December 2019, 66,667 RSUs were settled in exchange for 30,980 Non -Voting In December 2020, 66,667 RSUs were settled in exchange for 30,980 Non -Voting In September 2021, 600 stock options were exercised in exchange for 600 Non -Voting Prior to the completion of the Transaction, the authorized share capital of the Company is comprised of: (i) an unlimited number of Common Shares, Voting Participating Preferred Shares, Non -Voting -Voting -Voting Common Shares The holders of the Common Shares are entitled to receive notice of and to attend all annual and special meetings of the shareholders of the Company and to one vote in respect of each common share held on all matters at all such meetings, except in respect of a class vote applicable only to the shares of any other class, in respect of which the common shareholders shall have no right to vote. The holders of the Common Shares are entitled to receive dividends as may be declared by the Board of Directors of the Company, and are entitled to share in the distribution of the assets of the Company upon liquidation, winding -up -Voting -for-one Voting Participating Preferred Shares The rights, privileges and conditions of the Voting Participating Preferred Shares are identical in all respects to those of the Common Shares, except for the following: • • -Voting -Voting • -Voting -for-one The Voting Participating Preferred Shares have no par value. Non-Voting Participating Preferred Shares The rights, privileges and conditions of the Non -Voting • -Voting -Voting • -Voting -for-one The Non -Voting Director Voting Preferred Shares The rights, privileges and conditions of the Director Voting Preferred Shares are identical in all respects to those of the Common Shares, except for the following: • • -cumulative -Voting -Voting The Director Voting Preferred Shares are redeemable at the option of the Company, at any time, at a redemption price of $10 per share. The Director Voting Preferred Shares have a nominal stated value.

Government Grant

Government Grant	12 Months Ended
	Dec. 31, 2021
Disclosure of government grants [text block] [Abstract]
GOVERNMENT GRANT	27. GOVERNMENT GRANT In May 2019, Telesat entered into an agreement for a non -refundable For the year ended December 31, 2021, the Company recorded $14.8 million relating to the agreement (December 31, 2020 — $12.0 million). Of the amount recorded during 2021, $10.0 million was recorded as a reduction to satellites, property and other equipment and $4.8 million was recorded as a reduction to operating expenses (2020 — $8.0 million was recorded as a reduction in satellites, property and other equipment and $4.0 million as a reduction to operating expenses).

Capital Disclosures

Capital Disclosures	12 Months Ended
	Dec. 31, 2021
Disclosure of classes of share capital [text block] [Abstract]
CAPITAL DISCLOSURES	28. CAPITAL DISCLOSURES The Company’s financial strategy is designed to maintain compliance with the financial covenant under its Senior Secured Credit Facilities (Note 24), and to maximize returns to its shareholders and other stakeholders. The Company meets these objectives through regular monitoring of the financial covenant and operating results on a quarterly basis. The Company’s overall financial strategy remains unchanged from 2020. Prior to the close of the Transaction, the Company defined its capital as shareholders’ equity (comprising issued share capital, accumulated earnings and excluding reserves) and debt financing (comprising indebtedness and excluding deferred financing costs, prepayment options and loss on repayment as defined in Note 24). Subsequent to the close of the Transaction, the Company defines its capital as the Partners’ capital (comprising partners’ capital, accumulated earnings and excluding reserves), debt financing (comprising indebtedness and excluding deferred financing costs, prepayment options and loss on repayment as defined in Note 24) and partnership units liability. The Company’s capital at the end of the year was as follows: As at December 31, 2021 2020 Partners’ capital/Shareholders’ equity (excluding reserves) $ 349,231 $ 1,422,212 Partnership units liability $ 1,309,800 $ N/A Debt financing (excluding deferred financing costs, prepayment options and loss on repayment) $ 3,794,657 $ 3,184,832 If the Revolving Facility is drawn by more than 35% of the credit facility amount, the Senior Secured Credit Facilities require Telesat Canada to comply with a first lien net leverage ratio test. As at December 31, 2021, the first lien net leverage ratio was 4.63:1.00 (December 31, 2020 – 3.43:1.00), which was less than the maximum test ratio of 5.75:1.00. The Company’s operating results are tracked against budget on a regular basis, and this analysis is reviewed by senior management. The Company partly manages its interest rate risk due to variable interest rate debt through the use of interest rate swaps (Note 29).

Financial Instruments

Financial Instruments	12 Months Ended
	Dec. 31, 2021
Disclosure of derivative financial instruments [text block] [Abstract]
FINANCIAL INSTRUMENTS	29. FINANCIAL INSTRUMENTS Measurement of Risks The Company, through its financial assets and liabilities, is exposed to various risks. The following analysis provides a measurement of risks as at December 31, 2021. Credit risk Credit risk is the risk that a counterparty to a financial asset will default, resulting in the Company incurring a financial loss. As at December 31, 2021, the maximum exposure to credit risk is equal to the carrying value of the financial assets which totaled $1,593.1 million (December 31, 2020 — $924.2 million). The following table provides breakdown by maturity of financial assets as at December 31, 2021: Carrying Contractual cash flows 2022 2023 2024 2025 2026 Thereafter Cash and cash equivalents $ 1,449,589 $ 1,449,589 $ — $ — $ — $ — $ — Trade and other receivables, excluding deferred receivables 117,144 117,144 — — — — — Deferred receivables 18,250 5,554 4,173 2,936 1,420 1,333 2,834 Due from Telesat Corporation 3,649 3,649 — — — — — Other financial assets 3,475 861 1,841 — — — 773 $ 1,592,107 $ 1,576,797 $ 6,014 $ 2,936 $ 1,420 $ 1,333 $ 3,607 Cash and cash equivalents are invested with high quality investment grade financial institutions and are governed by the Company’s corporate investment policy, which aims to reduce credit risk by restricting investments to high -grade The Company has credit evaluation, approval and monitoring processes intended to mitigate potential credit risks related to trade accounts receivable. The Company’s standard payment terms are 30 days with interest typically charged on balances remaining unpaid at the end of standard payment terms. The Company’s historical experience with customer defaults has been minimal. As at December 31, 2021, North American and International customers made up 54% and 46% of the outstanding trade receivable balance, respectively (December 31, 2020 — 50% and 50%, respectively). Anticipated bad debt losses have been provided for in the allowance for doubtful accounts. The allowance for doubtful accounts as at December 31, 2021 was $5.2 million (December 31, 2020 — $7.3 million). The Company mitigates the credit risk associated with derivative instruments by entering into them with only high quality financial institutions. Foreign exchange risk The Company’s operating results are subject to fluctuations as a result of exchange rate variations to the extent that transactions are made in currencies other than Canadian dollars. The Company’s main currency exposures lie in its U.S. dollar denominated cash and cash equivalents, trade and other receivables, trade and other payables and indebtedness with the most significant impact being on the U.S. dollar denominated indebtedness. As at December 31, 2021 and 2020, the entire indebtedness was denominated in U.S. dollars, with the Canadian dollar equivalent of the U.S. dollar denominated indebtedness equaling $3,794.7 million and $3,184.8 million, respectively, before netting of deferred financing costs, prepayment options and loss on repayment. As at December 31, 2021, the impact of a 5 percent increase (decrease) in the value of the Canadian dollar against the U.S. dollar on financial assets and liabilities would have decreased (increased) net income by $174.0 million (December 31, 2020 — $158.5 million) and increased (decreased) other comprehensive income by $57.0 million (December 31, 2020 — $35.6 million). This analysis assumes that all other variables, in particular interest rates, remain constant. Interest rate risk The Company is exposed to interest rate risk on its cash and cash equivalents and its indebtedness. The interest rate risk on the indebtedness is from a portion of the indebtedness having a variable interest rate. Changes in the interest rates could impact the amount of interest that the Company is required to pay or receive. In October 2017, the Company entered into four interest rate swaps to hedge the interest rate risk associated with the variable interest rate on US$1,800.0 million of the U.S. denominated Term Loan B at fixed interest rates, excluding applicable margins, ranging from 1.72% to 2.04%. As at December 31, 2021, one interest rate swap of US$450 million, with expiration term of September 2022, was outstanding to hedge the interest rate risk associated with the variable interest rate on the U.S. denominated Term Loan B at fixed interest rate, excluding applicable margins, of 2.04%. If the interest rates on the variable rate indebtedness change by 0.25%, the result would be an increase or decrease to net income of $4.9 million for the year ended December 31, 2021 (December 31, 2020 — $4.1 million). Liquidity risk The Company maintains credit facilities to ensure it has sufficient funds available to meet current and foreseeable financial requirements. The contractual maturities of financial liabilities as at December 31, 2021 were as follows: Carrying Contractual 2022 2023 2024 2025 2026 Thereafter Trade and other payables $ 53,761 $ 53,761 $ 53,761 $ — $ — $ — $ — $ — Customer and other deposits 1,851 1,851 1,376 109 17 206 — 143 Satellite performance incentive payments 30,705 37,740 8,903 7,466 5,300 3,111 3,169 9,791 Other financial liabilities 3,106 3,106 3,106 — — — — — Interest rate swaps 5,367 5,582 5,582 — — — — — Partnership units liability 1,309,800 1,309,800 1,309,800 — — — — — Indebtedness (1) 3,814,110 4,671,821 168,905 164,005 164,098 163,058 2,753,742 1,258,013 $ 5,218,700 $ 6,083,661 $ 1,551,433 $ 171,580 $ 169,415 $ 166,375 $ 2,756,911 $ 1,267,947 ____________ (1) Indebtedness excludes deferred financing costs, prepayment options and loss on repayment. The interest payable and interest payments included in the carrying value and contractual cash flows, respectively, in the above table, were as follows: Interest Interest Satellite performance incentive payments $ 361 $ 7,304 Indebtedness $ 19,453 $ 877,164 Financial assets and liabilities recorded on the balance sheets and the fair value hierarchy levels used to calculate those values were as follows: As at December 31, 2021 FVTPL Amortized Total Fair Fair value Cash and cash $ — $ 1,449,589 $ 1,449,589 $ 1,449,589 Level 1 Trade and other — 122,698 122,698 122,698 ​ (3) Other current financial assets — 4,510 4,510 4,510 Level 1, (4) Other long-term financial assets (1) 1,038 15,310 16,348 16,348 Level 1, Level 2 Trade and other payables — (53,761 ) (53,761 ) (53,761 ) ​ (3) Other current financial liabilities (5,367 ) (31,280 ) (36,647 ) (38,250 ) Level 2 Other long-term financial liabilities — (23,835 ) (23,835 ) (24,240 ) Level 2 Partnership units liability (1,309,800 ) — (1,309,800 ) (1,309,800 ) Level 2 Indebtedness (2) — (3,794,657 ) (3,794,657 ) (3,314,387 ) Level 2 $ (1,314,129 ) $ (2,311,426 ) $ (3,625,555 ) $ (3,147,293 ) As at December 31, 2020 FVTPL Amortized Total Fair Fair value Cash and cash $ — $ 818,378 $ 818,378 $ 818,378 Level 1 Trade and other — 51,928 51,928 51,928 ​ (3) Other current financial assets — 448 448 448 Level 1 Other long-term financial assets (1) 30,266 23,159 53,425 53,425 Level 1, Level 2 Trade and other payables — (30,091 ) (30,091 ) (30,091 ) ​ (3) Other current financial liabilities (12,581 ) (23,299 ) (35,880 ) (37,921 ) Level 2 Other long-term financial liabilities (5,448 ) (30,051 ) (35,499 ) (36,357 ) Level 2 Indebtedness (2) — (3,184,832 ) (3,184,832 ) (3,214,543 ) Level 2 $ 12,237 $ (2,374,360 ) $ (2,362,123 ) $ (2,394,733 ) ____________ (1) Other long -term (2) Indebtedness excludes deferred financing costs, prepayment options and loss on prepayment. (3) Trade and other receivables and trade and other payables approximate fair value due to the short -term (4) Other current financial assets includes due from Telesat Corporation which approximate fair value due to the short -term Assets pledged as security The Senior Secured Credit Facilities, Senior Secured Notes and 2026 Senior Secured Notes are secured by substantially all of Telesat’s assets excluding the assets of unrestricted subsidiaries. Fair Value Fair value is the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants in the principal market under current market conditions at the measurement date. Where possible, fair values are based on the quoted market values in an active market. In the absence of an active market, the Company determines fair values based on prevailing market rates (bid and ask prices, as appropriate) for instruments with similar characteristics and risk profiles or internal or external valuation models, such as option pricing models and discounted cash flow analysis, using observable market -based The fair value hierarchy is as follows: Level 1 is based on quoted prices (unadjusted) in active markets for identical assets or liabilities that the Company can access at the measurement date. Level 2 is based on observable inputs other than Level 1 prices, such as quoted prices for similar assets or liabilities, quoted prices in markets that are not active, or other inputs that are observable or can be corroborated by observable market data for substantially all of the full term of the assets or liabilities. Level 3 is based on unobservable inputs that are supported by little or no market activity and that are significant to the fair value of the assets or liabilities. Level 3 assets and liabilities include financial instruments whose values are determined using pricing models, discounted cash flow methodologies, or similar techniques, as well as instruments for which the determination of fair value requires significant management judgment or estimation. Estimates of fair values are affected significantly by the assumptions for the amount and timing of estimated future cash flows and discount rates, which all reflect varying degrees of risk. Potential income taxes and other expenses that would be incurred on disposition of these financial instruments are not reflected in the fair values. As a result, the fair values are not necessarily the net amounts that would be realized if these instruments were actually settled. The carrying amounts of cash and cash equivalents, trade and other receivables, and trade and other payables approximate fair value due to the short -term -term The fair value of the satellite performance incentive payments, included in other current and long -term The fair value of the indebtedness was based on transactions and quotations from third parties considering market interest rates and excluding deferred financing costs, prepayment options and loss on repayment. The calculation of the fair value of the indebtedness is performed on a recurring basis. The rates used were as follows: As at December 31 2021 2020 Term Loan B – U.S. Facility – Senior Secured Credit Facilities 88.25 % 98.88 % Senior Notes 77.65 % 104.76 % Senior Secured Notes 88.72 % 103.64 % 2026 Senior Secured Notes 94.09 % — Fair value of derivative financial instruments Derivatives were valued using a discounted cash flow methodology. The calculations of the fair value of the derivatives are performed on a recurring basis. Interest rate swap future cash flows were determined based on current yield curves and exchange rates and then discounted based on discount curves. Prepayment option cash flows were calculated with a third party option valuation model which is based on the current price of the debt instrument and discounted based on a discount curve. The discount rates used to discount cash flows as at December 31, 2021 ranged from 0.08% to 1.37% (December 31, 2020 — 0.08% to 0.54%). The fair value of the derivative assets and liabilities was calculated based on the level 2 of the fair value hierarchy. The current and long -term As at December 31, 2021 Other Other Total Interest rate swaps $ — $ (5,367 ) $ (5,367 ) Prepayment options 1,038 — 1,038 $ 1,038 $ (5,367 ) $ (4,329 ) As at December 31, 2020 Other Other Other Total Interest rate swaps $ — $ (12,581 ) $ (5,448 ) $ (18,029 ) Prepayment options 30,266 — — 30,266 $ 30,266 $ (12,581 ) $ (5,448 ) $ 12,237 The reconciliation of the fair value of derivative assets and liabilities was as follows: Fair value, December 31, 2019 and January 1, 2020 $ 24,905 Unrealized losses on derivatives Prepayment options (2,308 ) Interest rate swaps (10,807 ) Impact of foreign exchange 447 Fair value, December 31, 2020 12,237 Derivatives recognized at inception Prepayment option – 2026 Senior Secured Notes 1,896 Unrealized gains (losses) on derivatives Prepayment options (31,196 ) Interest rate swaps 12,512 Impact of foreign exchange 222 Fair value, December 31, 2021 $ (4,329 )

Share-Based Compensation Plans

Share-Based Compensation Plans	12 Months Ended
	Dec. 31, 2021
Disclosure of share-based payment arrangements [text block] [Abstract]
SHARE-BASED COMPENSATION PLANS	30. SHARE-BASED COMPENSATION PLANS The share -based For the years ended December 31, 2021 2020 2019 Operating expenses $ 73,723 $ 12,500 $ 16,035 Telesat Canada Stock Incentive Plans Telesat Holdings Inc. (the predecessor entity to Telesat Canada and Telesat Corporation) adopted a management stock incentive plan in September 2008, as amended (the “2008 Telesat Plan”) and a second management stock incentive plan in April 2013, as amended (the “2013 Telesat Plan”). In the first half of 2021, Telesat Canada also adopted a restricted share unit plan (the “RSU Plan” together with the 2008 Telesat Plan and 2013 Telesat Plan, the “Historic Plan”). The purpose of the Historic Plans were to promote the interests of Telesat and its shareholders by providing certain key employees of Telesat and its affiliates with an appropriate incentive to encourage them to continue in the employ of, or engagement with, Telesat or an affiliate and to improve Telesat’s growth and profitability. The 2008 Telesat Plan reserved a total of 8,824,646 Telesat Canada Non -Voting The 2013 Telesat Plan reserved a total of 8,680,399 Telesat Canada Non -Voting In each case, the Telesat Options were convertible at the option of the holder into Telesat Public Shares (provided that the holder complied with the constrained share provisions in the Telesat Corporation Articles). In addition, in 2018, Telesat Canada authorized the issuance of 200,000 RSUs expected to be settled in Non -Voting three -year Under the stock incentive plans, two different types of stock options could be granted: time -vesting -vesting -vesting -year -vesting -year -Voting The Company expenses the fair value of stock options that are expected to vest over the vesting period using the Black -Scholes -based In April 2021, 6,197,776 issued and outstanding, vested and unvested stock options were cancelled. This resulted in a non -cash In April 2021, a total of 3,660,000 Non -Voting -Voting -Voting -diluted Telesat Corporation Stock Incentive Plans In connection with the Transaction, the holders of Telesat Canada Tandem SARs, Telesat Canada Options and Telesat Canada RSUs were offered the opportunity to enter into exchange agreements with Telesat Corporation in respect of their Telesat Canada Tandem SARs, Telesat Canada Options and Telesat Canada RSUs, pursuant to which, upon the Closing, they exchanged such instruments for corresponding instruments in Telesat Corporation. The stock options, share appreciation rights and RSUs will have similar vesting terms, however, the quantity and exercise prices have been adjusted. On November 19, 2021, Telesat Corporation entered into an omnibus long -term The change in number of stock options outstanding and their weighted average exercise price were summarized below: Telesat Canada time Telesat Canada Telesat Corporation Number of Weighted Number of Weighted Number of Weighted Outstanding at December 31, 2019 and January 1, 2020 7,544,617 $ 25.63 409,953 $ 11.07 — $ — Granted 650,000 — — Forfeited (246,049 ) (3,691 ) — Exercised (Note 26) — — — Expired — — — Outstanding at December 31, 2020 7,948,568 $ 25.83 406,262 $ 11.07 — $ — Cancelled (6,197,775 ) — — Granted 77,500 — — Forfeited (46,761 ) (9,229 ) — Exercised (Note 26) (600 ) — — Exchanged upon close of Transaction (1,780,932 ) (397,033 ) 900,789 Expired — — — Outstanding at December 31, 2021 — $ — — $ — 900,789 $ 48.77 The quantity of stock options that are exercisable and the weighted average remaining life were as follows: As at As at Telesat Canada time vesting options — 5,779,565 Telesat Canada performance vesting options — 406,266 Telesat Corporation time vesting options 875,880 — Weighted average remaining life 2 years 6 years The weighted average assumptions used to determine the share -based -Scholes 2021 2020 2019 Dividend yield — % — % — % Expected volatility 35.0 % 32.7 % 32.4 % Risk-free interest rate 1.85 % 2.79 % 2.93 % Expected life (years) 10 10 10 The expected volatility is based on the historical volatility of comparable publicly listed entities. The weighted average fair value of the stock options granted during 2021 was $25.94 (2020 — $25.94). The movement in the number of restricted share units outstanding was as follows: As at December 31, Telesat Telesat Telesat Telesat Outstanding, December 31, 2019 and January 1, 2020 133,333 — — — Settled (66,666 ) — — — Outstanding, December 31, 2020 and January 1, 2021 66,667 — — — Granted 3,230,000 300,000 — — Exchange upon close of Transaction (3,296,667 ) (300,000 ) 1,363,501 124,080 Outstanding, December 31, 2021 — — 1,363,501 124,080

Employee Benefit Plans

Employee Benefit Plans	12 Months Ended
	Dec. 31, 2021
Disclosure of employee benefits [text block] [Abstract]
EMPLOYEE BENEFIT PLANS	31. EMPLOYEE BENEFIT PLANS The Company maintains defined benefit pension plans for Telesat Canada employees (“Canadian Pension Plans”). In October 2013, the Company ceased to allow new employees to join certain defined benefit plans, except under certain circumstances, and commenced a defined contribution pension plan for new employees. On completion of the Transaction, the Company also took over the defined benefit pension plans for certain former employees of Loral (“US Pension Plans”). Under the US Pension Plans, certain former Loral employees hired prior to July 1, 2006 contributed until November 18, 2021 in order to receive enhanced pension benefits. In addition to the pension plans, the Company provides certain health care and life insurance benefits for some of Telesat Canada’s retired employees and their dependents (“Canadian Other Post -employment Participants are eligible for these benefits generally when they retire from active service and meet the eligibility requirements for the pension plan. These benefits are funded primarily on a pay -as-you-go The Company also provides medical coverage for certain of its retired employees and dependents including certain retired Loral employees (“US Other Post -employment -employment The Company’s funding policy is to make contributions to its defined benefit pension funds based on actuarial cost methods as permitted and required by pension regulatory bodies. Contributions reflect actuarial assumptions concerning future investment returns, salary projections and future service benefits. Plan assets are represented primarily by equity securities, fixed income instruments and short -term The defined benefit plans typically expose the Company to actuarial risks such as investment risk, interest rate risk, longevity risk and salary risk. Investment risk is managed by specifying allowable investment types, setting diversification strategies and determining target asset allocations. The investment objectives of the fund are to optimize the return on investments, taking into account the risks associated with the securities for the protection of the pension benefits of the members of the plan. As part of the risk management process, for Canadian Plans, the Investment Committee establishes a Statement of Investment Policies and Procedures which includes a diversification strategy and processes to manage foreign currency, credit and other risks. Given the long -term As regards the US Pension Plans, the funding policy is to fund the qualified pension plan in accordance with the Internal Revenue Code and regulations thereon. Plan assets are generally invested in equity, fixed income and other investments. The expected long -term A decrease in interest rate will increase the plan liability. However, it will be partially offset by an increase in the return on fixed income instruments. The present value of the plan liabilities is calculated by reference to the best estimates of the mortality and the future salaries of plan participants. Accordingly, an increase in life expectancy or salary will increase the plan liability. Assets -liability -term For Canadian Pension Plans, the pension expense for 2021 was determined based on membership data as at December 31, 2019. The accrued benefit obligation as at December 31, 2021 was determined based on the membership data as at December 31, 2020, and extrapolated one year based on December 31, 2021 assumptions. For US Pension Plans, the pension expense for 2021 was determined based on membership data as at December 31, 2020. The accrued benefit obligation as at December 31, 2021 was determined based on the membership data as at December 31, 2020, and extrapolated one year based on December 31, 2021 assumptions. For Canadian Post -employment -employment -employment The most recent valuation of the pension plans for funding purposes was as of December 31, 2020. Valuations will be performed for the pension plans as of December 31, 2021. The expenses included on the consolidated statements of income and the consolidated statements of comprehensive income were as follows: For the year ended December 31, 2021 Pension Plans Other Post-employment Canadian US Total Canadian US Total Consolidated statements of income Operating expenses $ 7,893 $ 74 $ 7,967 $ 166 $ — $ 166 Interest expense $ 743 $ 53 $ 796 $ 552 $ 92 $ 644 Consolidated statements of comprehensive income Actuarial (gains) losses on employee benefit plans $ (55,582 ) $ (798 ) $ (56,380 ) $ 987 $ (29 ) $ 958 For the year ended December 31, 2020 Canadian Pension Plans Other Post-employment Canadian US Total Consolidated statements of income Operating expenses $ 7,188 $ 145 $ — $ 145 Interest expense $ 423 $ 618 $ 128 $ 746 Consolidated statements of comprehensive income Actuarial losses on employee benefit plans $ 11,390 $ 1,686 $ 617 $ 2,303 For the year ended December 31, 2019 Canadian Pension Plans Other Post-employment Canadian US Total Consolidated statements of income Operating expenses $ 6,198 $ 116 $ — $ 116 Interest expense $ 524 $ 665 $ 150 $ 815 Consolidated statements of comprehensive income Actuarial (gains) losses on employee benefit plans $ (3,325 ) $ 1,533 $ 658 $ 2,191 The Company made contributions of $2.4 million for various defined contribution arrangements during 2021 (December 31, 2020 — $1.9 million). The balance sheet obligations, distributed between pension and other post -employment As at December 31, 2021 2020 Included in other long-term liabilities Pension benefits $ 17,927 $ 22,070 Other post-employment benefits 27,294 25,914 Accrued benefit liabilities (Note 23) $ 45,221 $ 47,984 Included in other long-term assets Pension benefits (Note 15) $ 30,105 $ — The amounts recognized in the balance sheets and the funded statuses of the benefit plans were as follows: Pension Plans Other Post-employment As at December 31, 2021 Canadian US Total Canadian US Total Present value of funded obligations $ 348,526 $ 72,906 $ 421,432 $ — $ — $ — Fair value of plan assets (379,740 ) (54,979 ) (434,719 ) — — — (31,214 ) 17,927 (13,287 ) — — — Present value of unfunded obligations 1,109 — 1,109 22,429 4,865 27,294 (Pension benefits) accrued benefit liabilities $ (30,105 ) $ 17,927 $ (12,178 ) $ 22,429 $ 4,865 $ 27,294 Pension Plans Other Post-employment As at December 31, 2020 Canadian US Total Canadian US Total Present value of funded obligations $ 375,222 $ — $ 375,222 $ — $ — $ — Fair value of plan assets (354,385 ) — (354,385 ) — — — 20,837 — 20,837 — — — Present value of unfunded obligations 1,233 — 1,233 21,403 4,511 25,914 Accrued benefit liabilities $ 22,070 $ — $ 22,070 $ 21,403 $ 4,511 $ 25,914 The changes in the benefit obligations and in the fair value of plan assets were as follows: Pension Plans Other Post-employment Benefit Plans As at December 31, 2021 Canadian US Total Canadian US Total Change in benefits obligations Benefit obligation, January 1, 2021 $ 376,455 $ — $ 376,455 $ 21,403 $ 4,511 $ 25,914 Initial balance from transaction — 74,113 74,113 — 646 646 Current service cost 7,462 74 7,536 166 — 166 Interest expense 9,872 235 10,107 552 92 644 Remeasurements Actuarial gains arising from plan experience (556 ) (70 ) (626 ) 4,895 246 5,141 Actuarial gains from change in demographic assumptions — — — — (1 ) (1 ) Actuarial gains from changes in financial assumptions (33,099 ) (942 ) (34,041 ) (3,908 ) (274 ) (4,182 ) Benefits paid (11,067 ) (488 ) (11,555 ) (590 ) (388 ) (978 ) Contributions by plan participants 1,001 1 1,002 — — — Foreign exchange & other (433 ) (17 ) (450 ) (89 ) 33 (56 ) Benefit obligation, December 31, 349,635 72,906 422,541 22,429 4,865 27,294 Change in fair value of plan assets Fair value of plan assets, January 1, 2021 (354,385 ) — (354,385 ) — — — Initial balance from Transaction — (55,511 ) (55,511 ) — — — Contributions by plan participants (1,001 ) (1 ) (1,002 ) — — — Contributions by employer (4,796 ) — (4,796 ) 590 388 978 Interest income (9,129 ) (182 ) (9,311 ) — — — Benefits paid 11,067 488 11,555 (590 ) (388 ) (978 ) Remeasurements Return on plan assets, excluding interest income (21,927 ) 214 (21,713 ) — — — Administrative costs 431 — 431 — — — Foreign exchange & other — 13 13 — — — Fair value of plan assets, (379,740 ) (54,979 ) (434,719 ) — — — (Pension benefits) accrued benefit liabilities, December 31, 2021 $ (30,105 ) $ 17,927 $ (12,178 ) $ 22,429 $ 4,865 $ 27,294 As at December 31, 2020 Canadian Pension Plans Other Post-employment Canadian US Total Change in benefits obligations Benefit obligation, January 1, 2020 $ 332,823 $ 19,399 $ 4,109 $ 23,508 Current service cost 6,695 145 — 145 Interest expense 10,723 618 128 746 Remeasurements Actuarial gains arising from plan experience 2,212 — 184 184 Actuarial gains from change in demographic assumptions — — 11 11 Actuarial gains from changes in financial 33,278 1,735 373 2,108 Benefits paid (10,294 ) (494 ) (232 ) (726 ) Contributions by plan participants 1,018 — — — Foreign exchange — — (62 ) (62 ) Benefit obligation, December 31, 2020 376,455 21,403 4,511 25,914 Change in fair value of plan assets Fair value of plan assets, January 1, 2020 (324,257 ) — — — Contributions by plan participants (1,018 ) — — — Contributions by employer (5,497 ) (494 ) (232 ) (726 ) Interest income (10,300 ) — — — Benefits paid 10,294 494 232 726 Remeasurements Return on plan assets, excluding interest income (24,100 ) — — — Administrative costs 493 — — — Fair value of plan assets, December 31, 2020 (354,385 ) — — — Accrued benefit liabilities, December 31, 2020 $ 22,070 $ 21,403 $ 4,511 $ 25,914 For the Canadian Pension Plans, the weighted average duration of the defined benefit obligation and weighted average duration of the current service cost as at December 31, 2021 are 15 years and 22 years, respectively. For the Canadian Other Post -employment The estimated future benefit payments for the defined benefit pension plans and other post -employment Pension Plans Other 2022 $ 15,169 $ 1,056 2023 $ 15,361 $ 1,072 2024 $ 16,416 $ 1,222 2025 $ 17,244 $ 1,263 2026 $ 18,232 $ 1,298 2027 to 2031 $ 101,879 $ 7,121 Benefit payments include obligations to 2031 only as obligations beyond this date are not quantifiable. The fair value of the plan assets were allocated as follows between the various types of investments: Canadian Pension Plans As at December 31, 2021 2020 Equity securities Canada 22.8 % 22.9 % United States 19.3 % 19.7 % International (other than United States) 13.5 % 14.3 % Fixed income instruments Canada 42.3 % 41.0 % Cash and cash equivalents 2.1 % 2.1 % US Pension Plans As at December 31, 2021 Equity securities United States 33.4 % International 22.8 % Fixed income instruments United States 29.9 % Canada 0.4 % International 4.8 % Other investments United States 4.4 % International 4.3 % Plan assets are valued at the measurement date of December 31 each year. The following are the significant assumptions adopted in measuring the Company’s pension and other benefit obligations: Pension plans Canadian US Canadian As at December 31, 2021 2021 2020 Actuarial benefit obligation Discount rate 3.20 % 2.85 % 2.60 % Benefit costs for the year ended Discount rate 2.80 % 2.75 % 3.20 % Future salary growth 2.50 % N/A 2.50 % Other Post-employment Benefit Plans Canadian US As at December 31, 2021 2020 2021 2020 Benefit costs for the year ended Discount rate 3.20% 3.20% 2.50% to 2.85% 2.95% Health care cost trend rate 3.49% to 5.49% 3.49% to 5.49% N/A N/A Other medical trend rates 4.00% to 4.56% 4.00% to 4.56% N/A N/A For certain Canadian Post -retirement Sensitivity of assumptions The calculation of the defined benefit obligation is sensitive to the assumptions set out above. The following table summarizes how the impact on the defined benefit obligation as at December 31, 2021 and 2020 would have increased or decreased as a result of the change in the respective assumptions by one percent. Pension plans Canadian US As at December 31, 2021 1% increase 1% decrease 1% increase 1% decrease Discount rate $ (45,732 ) $ 58,488 $ (8,418 ) $ 10,317 Future salary growth $ 8,606 $ (6,839 ) N/A N/A Canadian As at December 31, 2020 1% increase 1% decrease Discount rate $ (53,058 ) $ 67,549 Future salary growth $ 10,423 $ (9,165 ) Other Post-employment Benefit Plans Canadian US As at December 31, 2021 1% increase 1% decrease 1% increase 1% decrease Discount rate $ (2,961 ) $ 3,734 $ (408 ) $ 474 Medical and dental trend rates $ 2,216 $ (1,826 ) N/A N/A Canadian US As at December 31, 2020 1% increase 1% decrease 1% increase 1% decrease Discount rate $ (3,067 ) $ 3,860 $ (419 ) $ 491 Medical and dental trend rates $ 2,222 $ (1,839 ) N/A N/A The above sensitivities are hypothetical and should be used with caution. Changes in amounts based on a one percent variation in assumptions generally cannot be extrapolated because the relationship of the change in assumption to the change in amounts may not be linear. The sensitivities have been calculated independently of changes in other key variables. Changes in one factor may result in changes in another, which could amplify or reduce certain sensitivities. The Company expects to make contributions of $4.2 million to the Canadian defined benefit plans and $0.9 million to the defined contribution plan during the next fiscal year.

Supplemental Cash Flow Informat

Supplemental Cash Flow Information	12 Months Ended
	Dec. 31, 2021
Disclosure of cash flow statement [text block] [Abstract]
SUPPLEMENTAL CASH FLOW INFORMATION	32. SUPPLEMENTAL CASH FLOW INFORMATION Cash and cash equivalents were comprised of the following: As at, December 31, 2021 December 31, 2020 December 31, 2019 Cash $ 1,368,555 $ 687,967 $ 542,537 Short-term investments (1) 81,034 130,411 484,685 Cash and cash equivalents $ 1,449,589 $ 818,378 $ 1,027,222 ____________ (1) Consisted of short -term Income taxes paid, net of income taxes received was comprised of the following: For the years ended December 31, 2021 2020 2019 Income taxes paid $ (94,290 ) $ (53,842 ) $ (101,952 ) Income taxes received 48 399 6,497 $ (94,242 ) $ (53,443 ) $ (95,455 ) Interest paid, net of interest received was comprised of the following: For the years ended December 31, 2021 2020 2019 Interest paid $ (158,806 ) $ (188,969 ) $ (195,671 ) Interest received 4,373 8,997 19,559 $ (154,433 ) $ (179,972 ) $ (176,112 ) The reconciliation of the liabilities arising from financing activities were as follows: Indebtedness Satellite performance incentive payments Lease Balance as at January 1, 2021 $ 3,187,152 $ 37,574 $ 29,051 Cash outflows — (6,914 ) (2,178 ) Cash inflows 619,900 — — Debt issue costs (6,834 ) — — Prepayment option at inception – 2026 Senior Secured 1,896 — — Amortization of deferred financing costs, prepayment options and loss on repayment 558 — — Non-cash additions — — 10,074 Interest paid — — (1,499 ) Interest accrued — — 1,499 Non-cash disposals — — (939 ) Impact of foreign exchange (10,075 ) (316 ) (330 ) Balance as at December 31, 2021 $ 3,792,597 $ 30,344 $ 35,678 Indebtedness Satellite performance incentive payments Lease Balance as at January 1, 2020 $ 3,712,799 $ 46,951 $ 28,582 Cash outflows (453,592 ) (9,031 ) (1,793 ) Loss on repayment (Note 24) 2,284 — — Amortization of deferred financing costs, prepayment options and loss on repayment 428 — — Non-cash additions — — 2,788 Interest paid — — (1,649 ) Interest accrued — — 1,349 Other — 182 (91 ) Impact of foreign exchange (74,767 ) (528 ) (135 ) Balance as at December 31, 2020 $ 3,187,152 $ 37,574 $ 29,051 Indebtedness Satellite performance incentive payments Lease Balance as at January 1, 2019 $ 3,724,228 $ 58,913 $ 369 Cash outflows (3,743,465 ) (9,644 ) (1,252 ) Cash inflows 3,786,082 — — Write-off of deferred financing costs, interest rate floor, prepayment option and net gain on repricing/repayment (Note 24) 107,065 — — Amortization of deferred financing costs, interest rate floor, prepayment options and net gain on repricing/repayment 22,461 — — Debt issue costs (28,082 ) — — Debt issue costs accrued (573 ) — — Prepayment option at inception – Senior Notes 17,829 — — Prepayment option at inception – Senior Secured Notes 10,562 — — Cumulative effect adjustment (1) — — 26,851 Non-cash additions — — 2,775 Interest paid — — (984 ) Interest accrued — — 1,288 Other — 296 (236 ) Impact of foreign exchange (183,308 ) (2,614 ) (229 ) Balance as at December 31, 2019 $ 3,712,799 $ 46,951 $ 28,582 ____________ (1) Relates to the impact of the implementation of IFRS 16, Leases The net change in operating assets and liabilities was comprised of the following: For the years ended December 31, 2021 2020 2019 Trade and other receivables $ (55,426 ) $ (4,173 ) $ (16,113 ) Financial assets (470 ) 161 (3,897 ) Other assets (17,736 ) (7,286 ) (13,183 ) Trade and other payables 13,206 1,860 1,685 Financial liabilities 4,210 (651 ) (2,125 ) Other liabilities (3,659 ) 25,107 19,691 $ (59,875 ) $ 15,018 $ (13,942 ) Non -cash For the years ended December 31, 2021 2020 2019 Satellite, property and other equipment $ 10,406 $ 2,963 $ 29,234 Intangible assets $ — $ — $ (3,263 ) C-band clearing proceeds $ (64,289 ) $ — $ —

Commitments and Contingent Liab

Commitments and Contingent Liabilities	12 Months Ended
	Dec. 31, 2021
Disclosure of commitments and contingent liabilities [text block] [Abstract]
COMMITMENTS AND CONTINGENT LIABILITIES	33. COMMITMENTS AND CONTINGENT LIABILITIES The following were the Company’s off -balance 2022 2023 2024 2025 2026 Thereafter Total Property leases $ 945 $ 1,097 $ 1,083 $ 1,002 $ 1,000 $ 11,894 $ 17,021 Capital commitments 22,945 21,362 40,185 50,675 — — 135,167 Other operating commitments 23,108 5,833 4,799 4,172 1,998 9,530 49,440 $ 46,998 $ 28,292 $ 46,067 $ 55,849 $ 2,998 $ 21,424 $ 201,628 Property leases consisted of off -balance -balance -cancellable Certain variable costs associated with the capitalized leases have been included in property leases commitments with a termination date co -terminus The Company has entered into contracts for the development of the Telesat Lightspeed constellation and other capital expenditures. The total outstanding commitments as at December 31, 2021 were included in capital commitments. The Company has agreements with various customers for prepaid revenue on several service agreements which take effect when the satellite is placed in service. The Company is responsible for operating and controlling these satellites. As at December 31, 2021, customer prepayments of $368.1 million (December 31, 2020 — $414.1 million), a portion of which is refundable under certain circumstances, were reflected in other current and long -term In the normal course of business, the Company has executed agreements that provide for indemnification and guarantees to counterparties in various transactions. These indemnification undertakings and guarantees may require the Company to compensate the counterparties for costs and losses incurred as a result of certain events including, without limitation, loss or damage to property, change in the interpretation of laws and regulations (including tax legislation), claims that may arise while providing services, or as a result of litigation that may be suffered by the counterparties. The nature of substantially all of the indemnification undertakings prevents the Company from making a reasonable estimate of the maximum potential amount the Company could be required to pay counterparties as the agreements do not specify a maximum amount and the amounts are dependent upon the outcome of future contingent events, the nature and likelihood of which cannot be determined at this time. Historically, the Company has not made any significant payments under such indemnifications. Telesat Corporation and Telesat CanHoldco have entered into an indemnification agreement with PSP Investments where they will indemnify PSP Investments on a grossed -up -of-pocket In the case of indemnification for certain tax matters only, there will be a cap of US$50 million (other than with respect to defense costs and grossed -up Legal Proceedings The Company participates from time to time in legal proceedings arising in the normal course of its business. Telesat previously received assessments from Brazilian tax authorities alleging that additional taxes are owed on revenue earned for the period 2003 to 2018. The total disputed amount for the period 2003 to 2018, including interest and penalties, is now $73 million. The disputes relate to the Brazilian tax authorities’ characterization of revenue. The Company has challenged the assessments. The Company believes the likelihood of a favorable outcome in these disputes is more likely than not and, as such, no reserve has been established. The Canadian tax authorities previously assessed the Company for $13 million relating to transfer pricing issues for the years 2009 to 2014. All disputes relate to the Canadian tax authorities’ repricing of certain transactions between the Company and its subsidiaries. The Company has paid 50% of the outstanding amounts in order to formally object to the assessments. The Company believes the likelihood of a favorable outcome in these disputes is more likely than not and, as such, no reserve has been established. In May 2021, the Company was reassessed by the Canada Revenue Agency for $6.9 million, including interest, for its Scientific Research and Experimental Development claim for the taxation year ended December 31, 2016. The Company has challenged the reassessment. In January 2022, the Company was reassessed by the Canada Revenue Agency for $4.7 million, including interest, for its Scientific Research and Experimental Development claim for the taxation year ended December 31, 2017. The Company will challenge the reassessment. The Company believes the likelihood of a favorable outcome in these disputes is more likely than not and, as such, no reserve has been established. Other than the legal proceedings disclosed above, the Company is not aware of any proceedings outstanding or threatened as of the date hereof by or against it or relating to its business which may have, or have had in the recent past, significant effects on the Company’s financial position or profitability.

Subsidiaries

Subsidiaries	12 Months Ended
	Dec. 31, 2021
Disclosure of subsidiaries [text block] [Abstract]
SUBSIDIARIES	34. SUBSIDIARIES The list of significant companies included in the scope of consolidation as at December 31, 2021 was as follows: Company Country Method of % voting Infosat Communications LP Canada Fully consolidated 100 Telesat Spectrum General Partnership Canada Fully consolidated 100 Telesat LEO Holdings Inc. Canada Fully consolidated 100 Telesat Technology Corporation Canada Fully consolidated 100 Telesat Spectrum Corporation Canada Fully consolidated 100 Telesat Spectrum Holdings Corporation Canada Fully consolidated 100 Skynet Satellite Corporation United States Fully consolidated 100 Telesat Network Services, Inc. United States Fully consolidated 100 The SpaceConnection Inc. United States Fully consolidated 100 Telesat Satellite LP United States Fully consolidated 100 Telesat LEO Inc. United States Fully consolidated 100 Telesat U.S. Services, LLC United States Fully consolidated 100 Infosat Able Holdings, Inc. United States Fully consolidated 100 Telesat Brasil Capacidade de Satélites Ltda. Brazil Fully consolidated 100 Telesat (IOM) Limited Isle of Man Fully consolidated 100 Telesat International Limited United Kingdom Fully consolidated 100 Loral Skynet Corporation United States Fully consolidated 100 Loral Space & Communications Inc. United States Fully consolidated 100 Telesat Can ULC Canada Fully consolidated 100 Telesat CanHold Corporation Canada Fully consolidated 100 Telesat Canada Canada Fully consolidated 100 The list of significant companies included in the scope of consolidation as at December 31, 2020 was as follows: Company Country Method of % voting Infosat Communications LP Canada Fully consolidated 100 Telesat Spectrum General Partnership Canada Fully consolidated 100 Telesat LEO Holdings Inc. Canada Fully consolidated 100 Telesat Technology Corporation Canada Fully consolidated 100 Telesat Spectrum Corporation Canada Fully consolidated 100 Telesat Spectrum Holdings Corporation Canada Fully consolidated 100 Skynet Satellite Corporation United States Fully consolidated 100 Telesat Network Services, Inc. United States Fully consolidated 100 The SpaceConnection Inc. United States Fully consolidated 100 Telesat Satellite LP United States Fully consolidated 100 Telesat LEO Inc. United States Fully consolidated 100 Telesat U.S. Services, LLC United States Fully consolidated 100 Infosat Able Holdings, Inc. United States Fully consolidated 100 Telesat Brasil Capacidade de Satélites Ltda. Brazil Fully consolidated 100 Telesat (IOM) Limited Isle of Man Fully consolidated 100 Telesat International Limited United Kingdom Fully consolidated 100

Related Party Transactions

Related Party Transactions	12 Months Ended
	Dec. 31, 2021
Disclosure of related party [text block] [Abstract]
RELATED PARTY TRANSACTIONS	35. RELATED PARTY TRANSACTIONS Transactions with subsidiaries The Company and its subsidiaries regularly engage in inter -group Compensation of executives and Board level directors For the years ended December 31, 2021 2020 2019 Short-term benefits (including salaries) $ 15,465 $ 13,058 $ 11,051 Special payments (1) 597 710 948 Post-employment benefits 2,514 2,180 2,773 Share-based payments 73,090 12,373 15,649 $ 91,666 $ 28,321 $ 30,421 ____________ (1) Balance relates to the special cash distribution effective January 25, 2017. Key management personnel — stock options In January 2019, 40,269 -Voting In December 2019, 66,667 RSUs were settled in exchange for 30,980 Non -Voting In December 2020, 66,667 RSUs were settled in exchange for 30,980 Non -Voting In December 2020, Telesat issued 650,000 time -vesting -year In April 2021, 6,197,776 issued and outstanding, vested and unvested stock options were cancelled. This resulted in a non -cash In April 2021, the Company approved the adoption of an RSU plan. A total of 3,660,000 Non -Voting -Voting -Voting -diluted Transactions with related parties The Company and certain of its subsidiaries regularly engage in transactions with related parties. The Company’s related parties included Loral and Red Isle until November 18, 2021 at which point under the Transaction Agreement Loral became a fully consolidated subsidiary (Note 35). Any transactions entered into with Loral have been entered into over the normal course of operations. Following the Transaction Agreement related parties included Red Isle and MHR. There were no transactions or balances with Red Isle or MHR during any of the years presented. There were no transactions with Telesat Corporation during any of the years presented. As at December 31, 2021, there was an amount receivable from Telesat Corporation in the amount of $3.6 million. During the years presented below, and prior to the close of the Transaction, the Company and its subsidiaries entered into the following transactions with Loral. Sale of goods and services For the years ended December 31, 2021 2020 2019 Revenue $ 105 $ 133 $ 133 Purchase of goods and services For the years ended December 31, 2021 2020 2019 Operating expenses $ 5,230 $ 6,712 $ 6,645 As at December 31, 2020, there was an amount payable to Loral in the amount of $0.1 million. The amounts outstanding were unsecured and were settled in cash. Other related party transactions The Company funds certain defined benefit pension plans. Contributions made to the plans for the year ended December 31, 2021 were $5.1 million (December 31, 2020 — $5.5 million).

Accounting Policies, by Policy

Accounting Policies, by Policy (Policies)	12 Months Ended
	Dec. 31, 2021
Accounting Policies [Abstract]
Segment Reporting	Segment Reporting The Company operates in a single operating segment, in which it provides satellite -based
Foreign Currency Translation	Foreign Currency Translation Unless otherwise specified, all figures reported in the consolidated financial statements and associated note disclosures are presented in Canadian dollars, which is the functional and presentation currency of the Company. Each of the subsidiaries of the Company determines its own functional currency and uses that currency to measure items on their separate financial statements. For the Company’s non -foreign -monetary Upon consolidation of the Company’s foreign operations that have a functional currency other than the Canadian dollar, assets and liabilities are translated at the year end exchange rate, and revenue and expenses are translated at the average exchange rates of the month in which the transactions occurred. Gains or losses on the translation of foreign subsidiaries are recognized in other comprehensive income.
Cash and Cash Equivalents	Cash and Cash Equivalents All highly liquid investments with an original maturity of three months or less, or which are available upon demand with no penalty for early redemption, are classified as cash and cash equivalents. Cash and cash equivalents are comprised of cash on hand, demand deposits, short -term
Revenue Recognition	Revenue Recognition Telesat recognizes revenue from satellite services on a monthly basis as services are performed in an amount that reflects the consideration the Company expects to receive in exchange for those services. Telesat accounts for a contract when it has approval and commitment from both parties, the rights of the parties are identified, payment terms are identified, the contract has commercial substance and collectability is considered probable. Revenue from a contract to sell consulting services is recognized as follows: • • Equipment sale revenue is recognized when the customer obtains control of the equipment, being at the time the equipment is delivered to and accepted by the customer. Only equipment sales are subject to warranty or return and there is no general right of return. Historically, the Company has not incurred significant expenses for warranties. When a transaction involves more than one product or service, revenue is allocated to each performance obligation based on its relative stand -alone
Deferred Revenue	Deferred Revenue Deferred revenue represents the Company’s liability for the provision of future services and is classified on the balance sheet in other current and long -term -line the related customer contracts. In the case of certain deferred revenue for short -term A significant financing component will only occur in the following circumstances: • • • In the case of the existence of a significant financing component, the amount of the consideration is adjusted to reflect what the cash selling price of the promised service would have been if payments had occurred as control of the service was transferred to the customer. The discount rate used in determining the significant financing component is the rate that would be reflected in a separate financing transaction between the Company and the customer at contract inception.
Inventories	Inventories Inventories are valued at the lower of cost and net realizable value and consist of finished goods and work in process. Cost for substantially all network equipment inventories are determined on a weighted average cost basis. Cost for work in process and certain one -of-a-kind
Borrowing Costs	Borrowing Costs Borrowing costs are incurred on the Company’s debt financing. Borrowing costs attributable to the acquisition, production or construction of a qualifying asset are added to the cost of that asset. The Company has defined a qualifying asset as an asset that takes longer than twelve months to be ready for its intended use or sale. Capitalization of borrowing costs continues until such time that the asset is substantially ready for its intended use or sale. Borrowing costs are determined based on specific financing related to the asset, or in the absence of specific financing, the borrowing costs are calculated on the basis of a capitalization rate which is equal to the Company’s weighted average cost of debt. All other borrowing costs are expensed when incurred.
Leases	Leases At the inception of a contract, the Company assesses whether a contract is, or contains, a lease based on whether or not the contract conveys the right to control the use of the asset for a period of time in exchange for consideration. The Company recognizes a right -of-use -of-use -of-use The lease term is the non -cancellable After the commencement date, the right -of-use -line The lease liability is remeasured when there is a change in future lease payments, arising from a change in index or rate, or if there is a change in the assessment of whether the Company will exercise a purchase, extension or termination option. The amount of the remeasurement of the lease liability is also recognized as an adjustment to the right -of-use -of-use The Company has elected to not recognize a right -of-use -line The Company has also elected the practical expedient, for property leases, not to separate the non -lease -lease
Government Grants	Government Grants Government grants are recognized where there is a reasonable assurance that the grant will be received and the attached conditions will be complied with. When the grant relates to an expense, the grant is recorded as a deduction to the related expense incurred over the same period. When the grant relates to an asset, the grant is deducted from the carrying amount of the related asset as the grant is receivable.
Satellites, Property and Other Equipment	Satellites, Property and Other Equipment Satellites, property and other equipment, which are carried at cost, less accumulated depreciation and any accumulated impairment losses, include the contractual cost of equipment, capitalized engineering costs, capitalized borrowing costs during the construction or production of qualifying assets, and with respect to satellites, the cost of launch services, and launch insurance. Depreciation is calculated using the straight -line Below are the estimated useful lives in years of satellites, property and other equipment as at December 31, 2021. Years Satellites 12 to 15 Right-of-use assets 2 to 27 Antennas, satellite control & communication equipment 8 to 20 Building, equipment & other 3 to 25 Construction in progress is not depreciated as depreciation only commences when the asset is ready for its intended use. For satellites, depreciation commences on the day the satellite becomes available for service. The investment in each satellite will be removed from the accounts when the satellite is retired. When other property is retired from operations at the end of its useful life, the cost of the asset and accumulated depreciation are removed from the accounts. Earnings are credited with the amount of any net salvage value and charged with any net cost of removal. When an asset is sold prior to the end of its useful life, the gain or loss is recognized immediately in other operating gains (losses), net. In the event of an unsuccessful launch or total in -orbit -orbit Liabilities related to decommissioning and restoration of retiring property and other equipment are measured at fair value with a corresponding increase to the carrying amount of the related asset. The liability is accreted over the period of expected cash flows with a corresponding charge to interest expense. The liabilities recorded to date have not been significant and are reassessed at the end of each reporting period. There are no decommissioning or restoration obligations for satellites.
Satellite Performance Incentive Payments	Satellite Performance Incentive Payments Satellite performance incentive payments are obligations payable to satellite manufacturers over the lives of certain satellites. The present value of the payments are capitalized as part of the cost of the satellite and recognized as part of the depreciation of the satellite.
Impairment of Long-Lived Assets	Impairment of Long-Lived Assets Tangible fixed assets and finite life intangible assets are assessed for impairment on an annual basis or more frequently when events or changes in circumstances indicate that the carrying value of an asset exceeds the recoverable amount. Tangible fixed assets and finite life intangible assets are also assessed for indicators of impairment or impairment reversals at each reporting period. In cases where there are indicators of impairment, the recoverable amount of the asset, which is the higher of its fair value less costs of disposal and its value in use, is determined. If it is not possible to measure the recoverable amount for a particular asset, the Company determines the recoverable amount of the cash generating unit (“CGU”) with which it is associated. A CGU is the smallest identifiable group of assets that generates cash inflows which are largely independent of the cash inflows from other assets or groups of assets. The Company measures value in use on the basis of the estimated future cash flows to be generated by an asset or CGU. These future cash flows are based on the Company’s latest business plan information and are discounted using rates that best reflect the time value of money and the specific risks associated with the underlying asset or assets in the CGU. The fair value less costs of disposal is the price that would be received to sell an asset or CGU in an orderly transaction between market participants at the measurement date. For the impairment assessment, the fair value is calculated on a recurring basis and is calculated using level 3 of the fair value hierarchy. An impairment loss is the amount by which the carrying amount of an asset or CGU exceeds its recoverable amount. When an impairment loss subsequently reverses, the carrying amount of the asset (or a CGU) is increased to the revised measure of its recoverable amount, so that the increased carrying amount does not exceed the carrying amount that would have been determined had no impairment loss been recognized for the asset (or CGU) in prior years. Impairment losses and reversals of impairment losses are recognized in other operating gains (losses), net.
Goodwill and Intangible Assets	Goodwill and Intangible Assets The Company accounts for business combinations using the acquisition method of accounting, which establishes specific criteria for the recognition of intangible assets separately from goodwill. Goodwill represents the excess between the total of the consideration transferred over the fair value of net assets acquired. After initial recognition at cost, goodwill is measured at cost less any accumulated impairment losses. The Company distinguishes intangible assets between assets with finite and indefinite useful lives. Intangible assets with indefinite useful lives are comprised of the Company’s trade name, intellectual property, and orbital slots. These assets are carried at cost less any accumulated impairment losses. Finite life intangible assets, which are carried at cost less accumulated amortization and any accumulated impairment losses, consist of revenue backlog, customer relationships, customer contracts, concession rights, transponder rights and patents. Intangible assets with finite lives are amortized over their estimated useful lives using the straight -line Below are the estimated useful lives in years of the finite life intangible assets as at December 31, 2021. Years Revenue backlog 17 Customer relationships 20 to 21 Customer contracts 15 Concession rights 3 to 15 Transponder rights 16 Software 5 Patents 18
Impairment of Goodwill and Indefinite Life Intangible Assets	Impairment of Goodwill and Indefinite Life Intangible Assets An assessment for impairment of goodwill and indefinite life intangible assets is performed annually, or more frequently whenever events or changes in circumstances indicate that the carrying amounts of these assets are likely to exceed their recoverable amount. Goodwill is tested for impairment at the entity level as this represents the lowest level within the Company at which the goodwill is monitored for internal management purposes, and is not larger than an operating segment. With the exception of trade name, which has not been allocated to any CGU and is tested for impairment at the asset level, indefinite life intangible assets are tested for impairment at the CGU level. In the case of orbital slots, the CGU is based on geography. A quantitative impairment test consists of assessing the recoverable amount of an asset, which is the higher of its fair value less costs of disposal and its value in use. For the quantitative impairment assessment, fair value is calculated on a recurring basis and is calculated using level 2 or level 3 of the fair value hierarchy depending on the valuation approach being utilized. Orbital Slots In performing the orbital slot impairment analysis, the Company determines, for each CGU, the recoverable amount. The recoverable amount is defined as the higher of the fair value less costs of disposal, and its value in use on an annual basis. To the extent that the recoverable amount is less than the carrying value of the asset, an impairment exists and the asset is written down to its recoverable amount. Fair value less costs of disposal is the price that would be received to sell the CGU in an orderly transaction between market participants at the measurement date. In order to determine the fair value less costs of disposal, the Company uses either a market or income approach. Under a market approach, the Company measures what an independent third party would pay to purchase the orbital slots by looking to actual market transactions for similar assets. Under an income approach, the fair value is determined to be the sum of the projected discounted cash flows over a discrete period of time. The value in use amount is the present value of the future cash flows expected to be derived from the CGU. The determination of this amount includes projections of cash inflows from the continuing use of the asset and cash outflows that are required to generate the associated cash inflows. These cash flows are discounted at an appropriate discount rate. Goodwill In performing the goodwill impairment analysis, the Company assesses the recoverable amount of goodwill. The recoverable amount is the higher of the income approach as well as the market approach in the determination of the fair value of goodwill at the entity level. Under the income approach, the sum of the projected discounted cash flows for the next five years, or a longer period if justified by the most recent financial plan approved by management, in addition to a terminal value are used to determine the fair value at the entity level. Under the market approach, the fair value at the entity level is determined based on market multiples derived from comparable public companies. Under both approaches, all assumptions used are based on management’s best estimates. The discount rates are consistent with external sources of information. Trade Name For the purposes of impairment testing, the fair value of the trade name is determined using an income approach, specifically the relief from royalties method. The relief from royalties method is comprised of two major steps: i) a determination of the hypothetical royalty rate; and ii) the subsequent application of the royalty rate to projected revenue. In determining the hypothetical royalty rate in the relief from royalties method, the Company considered comparable license agreements, operating earnings benchmarks, an excess earnings analysis to determine aggregate intangible asset earnings, and other qualitative factors. Intellectual Property In performing the intellectual property impairment analysis, the Company determines its recoverable amount. The recoverable amount is the fair value less costs of disposal. To the extent that the recoverable amount is less than the carrying value of the asset, an impairment exists and the asset is written down to its recoverable amount. The Company measures value in use on the basis of the estimated future cash flows to be generated by an asset. These future cash flows are based on the Company’s latest business plan information approved by senior management and are discounted using rates that best reflect the time value of money and the specific risks associated with the underlying asset.
Financial Instruments	Financial Instruments Financial assets are initially recognized at fair value. Financial assets are measured using one of three measurement approaches (fair value through profit or loss (“FVTPL”), fair value through other comprehensive income (“FVTOCI”), or amortized cost). A financial asset is measured at amortized cost if it is not designated as FVTPL, it is held within a business model whose objective is to hold assets to collect contractual cash flows and its contractual terms give rise on specified dates to cash flows that are solely payments of principal and interest on the principal amount outstanding. A debt investment is measured at FVTOCI if it is not designated at FVTPL, it is held within a business model whose objective is achieved by both collecting contractual cash flows and selling financial assets and its contractual terms give rise on specified dates to cash flows that are solely payments of principal and interest on the principal amounts outstanding. On initial recognition of an equity investment that is not held for trading, the Company may irrevocably elect to present subsequent changes in the investment’s fair value in OCI. This election is made on an investment by investment basis. All financial assets not classified as measured at amortized cost or FVTOCI as described above are measured at FVTPL. The following accounting policies apply to the subsequent measurement of the Company’s financial assets: • • Financial liabilities are initially measured at fair value. Financial liabilities are classified as amortized cost or FVTPL. Financial liabilities that are classified as amortized cost are measured and recorded at amortized cost in accordance with the effective interest method. Financial liabilities classified as FVTPL are subsequently measured at fair value with changes in fair value recorded in the consolidated statement of income as part of the gain (loss) on changes in fair value of financial instruments, with the exception of the limited partnership units liability which is recorded in loss on changes in fair value of partnership units liability. The Company has used derivative financial instruments to manage its exposure to foreign exchange risk associated with debt denominated in foreign currencies, as well as to reduce its exposure to interest rate risk associated with debt. Currently, the Company does not designate any of its derivative financial instruments as hedging instruments for accounting purposes. All realized and unrealized gains and losses on these derivative financial instruments are recorded in the consolidated statement of income as part of gain (loss) on changes in fair value of financial instruments. Derivatives, including embedded derivatives that must be separately accounted for, are recorded at fair value on the consolidated balance sheet at inception and marked to market at each reporting period thereafter. Derivatives embedded in financial liabilities and other non -financial -financial Transaction costs for instruments classified as FVTPL are expensed as incurred. Transaction costs that are directly attributable to the acquisition of financial assets and liabilities (other than FVTPL) are added or deducted from the fair value of the financial asset or financial liability on initial recognition. The Company’s financial assets classified as amortized cost and contract assets are subject to impairment requirements. The Company has elected to measure loss allowances for trade receivables and other contract assets at an amount equal to lifetime expected credit loss. The lifetime expected credit losses are the expected credit losses that result from possible default events over the expected life of the instrument.
Partnership Units Liability	Partnership Units Liability The Limited Partnership Units (“LP Units”) issued by the Partnership as part of the Transaction in exchange for Telesat Canada shares are exchangeable into the Corporation’s shares at the discretion of the holders, subject to a lockup period which expires on the date that is six months from the completion of the Transaction (the “Lock -Up -Up Accordingly, these LP Units have been classified as a financial liability in the financial statements of the Partnership. This liability is remeasured at fair value at the balance sheet date and changes in fair value is recorded through profit and loss. The LP Units have similar economic rights, privileges, restrictions and conditions as the Public Shares of the Corporation and are exchangeable into the Corporation’s Public Shares on a one -for-one -Up
Financing Costs	Financing Costs The debt issuance costs related to the Senior Secured Credit Facility, the 6.5% Senior Notes (“Senior Notes”), the 4.875% Senior Secured Notes (“Senior Secured Notes”) and the 5.625% Senior Secured Notes (“2026 Senior Secured Notes”) are included in current and long -term -term -term -term -line
Employee Benefit Plans	Employee Benefit Plans Telesat Canada maintains one contributory and three non -contributory -benefit Telesat Canada also provides other post -employment In addition, Telesat Canada provides defined contribution pension plans, under certain circumstances, for employees who are not eligible for the defined benefit pension plans. Telesat also provides health care and life insurance benefits for certain retired employees. These benefits are funded primarily on a pay -as-you-go -insurance As a result of the Transaction, the Company has become responsible for the defined benefit plan and health and life insurance benefits for retired employees of Loral. Loral maintained a defined benefit pension plan for its employees. Loral pension plan is a qualified defined benefit pension plan in which only the employees hired prior to July 1, 2006 could participate. Benefits are based primarily on members’ compensation and/or years of service. In addition to pension plan, certain health care and life insurance benefits are also provided to retired employees and dependents. Healthcare benefits end when the retiree reaches age 65. The Company is responsible for adequately funding the defined benefit pension plans. Contributions are made based on actuarial cost methods that are permitted by pension regulatory bodies and reflect assumptions about future investment returns, salary projections and future service benefits. Costs for defined contribution pension plans are recognized as an expense during the year in which the employees have rendered service entitling them to the Company’s contribution. The Company accrues the present value of its obligations under employee benefit plans and the related costs reduced by the fair value of plan assets. Pension costs and other retirement benefits are determined using the projected unit credit method prorated on service and management’s best estimate of expected investment performance, salary escalation, retirement ages of employees and expected health care costs. Pension plan assets are valued at fair value. The discount rate is based on the market interest rate of high quality bonds. Past service costs arising from plan amendments are recognized immediately to the extent that the benefits are already vested, and otherwise are amortized on a straight -line Remeasurements arising from defined benefit pension plans comprise actuarial gains and losses and the return on plan assets (excluding interest). The Company recognizes them immediately in other comprehensive income, which is included in accumulated earnings, in the year in which they occur. The current service costs and administration fees not related to asset management are included in operating expenses. The net interest expense (income) on the net defined benefit liability (asset) for the period is calculated by applying the discount rate used to measure the defined benefit obligation at the beginning of the year to the net defined benefit liability (asset) at the beginning of the year while taking into account any changes in the net defined benefit liability (asset) during the year as a result of contributions and benefit payments. The net interest expense (income) is included in interest expense.
Share-Based Compensation Plans	Share-Based Compensation Plans The Company offers equity -settled -based -Scholes
Restricted Share Units	Restricted Share Units For each restricted share unit (“RSU”), an expense is recorded over the vesting period equal to the fair value of the Non -Voting -Vesting
Income Taxes	Income Taxes Income tax expense, comprised of current and deferred income tax, is recognized in income except to the extent it relates to items recognized in other comprehensive income or equity, in which case the income tax expense is recognized in other comprehensive income or equity, respectively. Current income tax is measured at the amount expected to be paid to the taxation authorities, net of recoveries, based on the tax rates and laws enacted or substantively enacted as at the balance sheet date. Deferred taxes are the result of temporary differences arising between the tax bases of assets and liabilities and their carrying amount. Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period when the asset is realized or the liability is settled, based on tax rates and laws that have been enacted or substantively enacted at the balance sheet date. Deferred tax assets are recognized for all deductible temporary differences to the extent that it is probable that taxable profit will be available against which the deductible temporary difference can be utilized. The carrying amount of deferred tax assets is reviewed at each balance sheet date and reduced to the extent that it is no longer probable that the deferred tax assets will be realized. Unrecognized deferred tax assets are reassessed at each balance sheet date and recognized to the extent that it has become probable that future taxable profit will allow the deferred tax assets to be recovered. Deferred tax assets are netted against the deferred tax liabilities when they relate to income taxes levied by the same taxation authority on either: i) ii) Deferred tax liabilities are recognized for all taxable temporary differences except when the deferred tax liability arises from the initial recognition of goodwill or the initial recognition of an asset or liability in a transaction which is not a business combination. For taxable temporary differences associated with investments in subsidiaries, a deferred tax liability is recognized unless the parent can control the timing of the reversal of the temporary difference and it is probable that the temporary difference will not reverse in the foreseeable future.
Future Changes in Accounting Policies	Future Changes in Accounting Policies The IASB periodically issues new and amended accounting standards. The new and amended standards determined to be applicable to the Company are disclosed below. The remaining new and amended standards have been excluded as they are not applicable. Amendments to IAS 1 and IFRS Practice Statement 2 In February 2021, the IASB issued amendments to IAS 1, Presentation of Financial Statements The amendments clarify that accounting policy information is material if users of an entity’s financial statements would need it to understand other material information in the financial statements and that accounting policy information may be material because of its nature, even if the related amounts are immaterial. On the other hand, although a transaction, other event or condition to which the accounting policy information relates may be material, it does not necessarily mean that the corresponding accounting policy information is material to the entity’s financial statements. The amendments are applied prospectively and are effective for annual periods beginning on or after January 1, 2023 with earlier application permitted. The changes will only impact the level of disclosures within the Company’s financial statements. The Company is currently evaluating the impact of the amendment. Amendments to IAS 12 In May 2021, the IASB issued amendments to IAS 12, Income Taxes In specified circumstances, companies are exempt from recognising deferred tax when they recognise assets or liabilities for the first time. The amendments clarify that such initial recognition exemption does not apply to transactions in which equal amounts of deductible and taxable temporary differences arise on initial recognition. Accordingly, entities are required to recognize deferred tax associated with transactions, such as leases and decommissioning obligations, which give rise to equal and offsetting temporary differences. The amendments are effective for annual reporting periods beginning on or after January 1, 2023 with early adoption permitted. There will be no impact on its consolidated financial statements as a result of the amendments. IFRS Interpretation Committee (“IFRIC”), Software as a service arrangements In April 2021, the IFRS Interpretation Committee (“IFRIC”) published an agenda decision clarifying how arrangements in respect of a specific part of cloud technology, software as a service arrangement (“SaaS”). The agenda decision do not address the accounting for other components of cloud technology such as infrastructure as a service and platform as a service. The IFRIC interpretation provides specific guidance with respect to circumstances in relation to configuration and customization costs incurred in implementing SaaS. The Company is currently evaluating the impact of the IFRIC interpretation. There are no other new and amended standards determined to be applicable to Telesat.

Significant Accounting Polici_2

Significant Accounting Policies (Tables)	12 Months Ended
	Dec. 31, 2021
Disclosure of significant accounting policies [text block] [Abstract]
Schedule of satellites, property and other equipment	Years Satellites 12 to 15 Right-of-use assets 2 to 27 Antennas, satellite control & communication equipment 8 to 20 Building, equipment & other 3 to 25
Schedule of finite life intangible assets	Years Revenue backlog 17 Customer relationships 20 to 21 Customer contracts 15 Concession rights 3 to 15 Transponder rights 16 Software 5 Patents 18

Segment Information (Tables)

Segment Information (Tables)	12 Months Ended
	Dec. 31, 2021
Segment Information [Abstract]
Schedule of sales included within the various services	For the years ended December 31, 2021 2020 2019 Broadcast $ 390,815 $ 411,407 $ 444,478 Enterprise 354,126 389,696 444,732 Consulting and other 13,271 19,365 21,683 Revenue $ 758,212 $ 820,468 $ 910,893
Schedule of sales included within the various services	For the years ended December 31, 2021 2020 2019 Broadcast $ 67 $ 1,300 $ 233 Enterprise 10,023 13,693 8,323 Revenue $ 10,090 $ 14,993 $ 8,556
Schedule of geographic regions	For the years ended December 31, 2021 2020 2019 Canada $ 330,832 $ 362,939 $ 395,235 United States 292,474 307,433 329,634 Europe, Middle East & Africa 40,822 44,710 50,911 Latin America & Caribbean 55,818 64,024 73,120 Asia & Australia 38,266 41,362 61,993 Revenue $ 758,212 $ 820,468 $ 910,893 As at December 31, 2021 2020 Canada $ 814,565 $ 624,303 United Kingdom 541,126 596,625 Europe, Middle East & Africa (excluding United Kingdom) 19,310 23,334 United States 54,390 71,659 All others 2,384 2,605 Satellites, property and other equipment $ 1,431,775 $ 1,318,526 As at December 31, 2021 2020 Canada $ 707,502 $ 718,880 United States 38,039 38,448 Latin America & Caribbean 12,643 15,114 All others 5,894 6,748 Intangible assets $ 764,078 $ 779,190 As at December 31 2021 2020 Canada $ 30,979 $ 1,052 United Kingdom 275 452 Other long-term assets $ 31,254 $ 1,504

Operating Expenses (Tables)

Operating Expenses (Tables)	12 Months Ended
	Dec. 31, 2021
Operating Expenses [Abstract]
Schedule of operating expenses	For the years ended December 31, 2021 2020 2019 Compensation and employee benefits (a) $ 154,975 $ 89,882 $ 87,943 Other operating expenses (b) 47,618 57,622 40,332 Cost of sales (c) 30,215 33,370 37,224 Operating expenses $ 232,808 $ 180,874 $ 165,499 (a) Compensation and employee benefits included salaries, bonuses, commissions, post -employment -based (b) Other operating expenses included general and administrative expenses, marketing expenses, in -orbit (c) Cost of sales included the cost of third -party
Schedule of cost of equipment sales	For the years ended December 31, 2021 2020 2019 Cost of equipment sale $ 6,210 $ 10,416 $ 7,003

Other Operating Gains (Losses_2

Other Operating Gains (Losses), Net (Tables)	12 Months Ended
	Dec. 31, 2021
Disclosure of other operating income (expense) [text block] [Abstract]
Schedule of other operating gains (losses), net	For the years ended December 31, 2021 2020 2019 Loss on disposal of assets $ (848 ) $ (215 ) $ (862 ) C-band clearing proceeds 108,463 — — Other operating gains (losses), net $ 107,615 $ (215 ) $ (862 )

Interest Expense (Tables)

Interest Expense (Tables)	12 Months Ended
	Dec. 31, 2021
Disclosure of interest income (expense) [text block] [Abstract]
Schedule of interest expense	For the years ended December 31, 2021 2020 2019 Interest on indebtedness $ 151,462 $ 164,253 $ 239,805 Interest on derivative instruments 12,503 11,625 (13,191 ) Interest on satellite performance incentive payments 2,236 2,930 3,536 Interest on significant financing component 18,854 22,434 25,484 Interest on employee benefit plans (Note 31) 1,440 1,169 1,339 Interest on leases 1,499 1,349 1,288 Interest expense $ 187,994 $ 203,760 $ 258,261

Income Taxes (Tables)

Income Taxes (Tables)	12 Months Ended
	Dec. 31, 2021
Disclosure of income tax [text block] [Abstract]
Schedule of components of income tax expense	For the years ended December 31, 2021 2020 2019 Current tax expense $ 85,219 $ 77,138 $ 71,202 Deferred tax recovery (6,842 ) (81,491 ) (56,080 ) Tax expense (recovery) $ 78,377 $ (4,353 ) $ 15,122
Schedule of reconciliation of statutory income tax rate	For the years ended December 31, 2021 2020 2019 Income before tax $ 106,372 $ 241,225 $ 202,320 Multiplied by the statutory income tax rates 26.46 % 26.46 % 26.56 % 28,146 63,828 53,736 Income tax recorded at rates different from the Canadian tax rate (38,059 ) (22,875 ) (13,017 ) Permanent differences 50,107 1,548 (6,760 ) Effect on deferred tax balances due to changes in income tax rates — (885 ) (2,829 ) Effect of temporary differences not recognized as deferred tax assets 44,261 (43,941 ) (16,681 ) Taxes related to prior periods (1) (4,769 ) (1,467 ) (311 ) Other (1) (1,309 ) (561 ) 984 Tax expense (recovery) $ 78,377 $ (4,353 ) $ 15,122 Effective income tax rate 73.68 % $ (1.80 )% 7.47 % (1) Certain comparative figures have been reclassified to conform to the current year presentation.
Schedule of tax effects of temporary differences between carrying amounts of assets and liabilities for accounting purposes	As at December 31, 2021 2020 Deferred tax assets Foreign tax credits $ 7,164 $ 6,558 Financing charges 7,930 12,004 Deferred revenue 9,510 11,127 Loss carry forwards 24,777 29,715 Employee benefits — 12,438 Reserves 1,639 1,222 Other 3,203 2,531 Total deferred tax assets $ 54,223 $ 75,595 As at December 31, 2021 2020 Deferred tax liabilities Capital assets $ (118,881 ) $ (149,214 ) Intangible assets (183,914 ) (158,957 ) Unrealized foreign exchange gains (421 ) (13,405 ) Employee benefits (1,138 ) — Total deferred tax liabilities $ (304,354 ) $ (321,576 ) Deferred tax liabilities, net $ (250,131 ) $ (245,981 )

Trade and Other Receivables (Ta

Trade and Other Receivables (Tables)	12 Months Ended
	Dec. 31, 2021
Disclosure of trade and other receivables [text block] [Abstract]
Schedule of trade and other receivables	As at December 31, 2021 2020 Trade receivables $ 100,758 $ 47,368 Less: Allowance for doubtful accounts (5,216 ) (7,257 ) Net trade receivables 95,542 40,111 Deferred receivables 5,554 7,347 Government grant receivable (Note 27) 17,626 2,776 Other receivables 3,976 1,694 Trade and other receivables $ 122,698 $ 51,928
Schedule of allowance for doubtful accounts	Years ended December 31, 2021 2020 Allowance for doubtful accounts, beginning of year $ 7,257 $ 1,779 (Reversals) provisions for impaired receivables (1,914 ) 6,069 Receivables written off (13 ) (146 ) Impact of foreign exchange (114 ) (445 ) Allowance for doubtful accounts, end of year $ 5,216 $ 7,257

Other Current Financial Assets

Other Current Financial Assets (Tables)	12 Months Ended
	Dec. 31, 2021
Disclosure Of Other Current Financial Assets [Abstract]
Schedule of other current financial assets	As at December 31, 2021 2020 Due to Telesat Corporation (Note 35) $ 3,649 $ — Security deposits 861 448 Other current financial assets $ 4,510 $ 448

Prepaid Expenses and Other Cu_2

Prepaid Expenses and Other Current Assets (Tables)	12 Months Ended
	Dec. 31, 2021
Disclosure of other provisions, contingent liabilities and contingent assets [text block] [Abstract]
Schedule of prepaid expenses and other current assets	As at December 31, 2021 2020 Prepaid expenses $ 6,431 $ 5,942 Inventory (a) 16,982 5,224 Deferred charges (b) 264 278 Other 14,106 8,301 Prepaid expenses and other current assets $ 37,783 $ 19,745

Other Long-Term Financial Ass_2

Other Long-Term Financial Assets (Tables)	12 Months Ended
	Dec. 31, 2021
Other Long Term Financial Assets [Abstract]
Schedule of other long-term financial assets	As at December 31, 2021 2020 Deferred receivables $ 12,696 $ 16,022 Other long-term receivables 1,841 1,276 Security deposits 773 5,861 Derivative assets (Note 29) 1,038 30,266 Other long-term financial assets $ 16,348 $ 53,425

Other Long-Term Assets (Tables)

Other Long-Term Assets (Tables)	12 Months Ended
	Dec. 31, 2021
Disclosure of other non-current assets [text block] [Abstract]
Schedule of other long-term assets of other long-term financial assets	As at December 31, 2021 2020 Prepaid expenses $ 336 $ 452 Deferred charges (Note 13) 511 775 Pension benefits (Note 31) 30,105 — Other 302 277 Other long-term assets $ 31,254 $ 1,504

Satellites, Property and othe_2

Satellites, Property and other Equipment (Tables)	12 Months Ended
	Dec. 31, 2021
Disclosure of property, plant and equipment [text block] [Abstract]
Schedule of satellites, property and other equipment	Satellites Antennas, Building, Right-of-use (1) Assets Total Cost as at January 1, 2020 $ 3,553,115 $ 163,667 $ 90,571 $ 29,141 $ 11,175 $ 3,847,669 Additions — 300 1,335 6,813 87,444 95,892 Disposals/retirements (93,755 ) (2,921 ) (364 ) — — (97,040 ) Transfers from assets under construction — 3,844 619 — (4,463 ) — Impact of foreign exchange (16,028 ) (836 ) (423 ) (438 ) (4,402 ) (22,127 ) Cost as at December 31, 2020 3,443,332 164,054 91,738 35,516 89,754 3,824,394 Additions — 261 631 10,074 313,909 324,875 Disposals/retirements (59,500 ) (2,812 ) (4,949 ) (2,760 ) — (70,021 ) Transfers from assets under construction — 5,948 3,913 — (9,861 ) — Reclassifications (2) — 4,276 (5,047 ) 771 (1,493 ) (1,493 ) Impact of foreign exchange (5,322 ) 58 (551 ) (221 ) 318 (5,718 ) Cost as at December 31, 2021 $ 3,378,510 $ 171,785 $ 85,735 $ 43,380 $ 392,627 $ 4,072,037 Accumulated depreciation and impairment as at January 1, 2020 $ (2,218,821 ) $ (113,249 ) $ (54,299 ) $ (2,367 ) $ — $ (2,388,736 ) Depreciation (200,041 ) (8,678 ) (4,966 ) (3,200 ) — (216,885 ) Disposals/retirements 93,755 2,702 305 — — 96,762 Impact of foreign exchange 2,178 404 301 108 — 2,991 Accumulated depreciation and impairment as at December 31, 2020 (2,322,929 ) (118,821 ) (58,659 ) (5,459 ) — (2,505,868 ) Depreciation (182,848 ) (10,121 ) (7,817 ) (2,986 ) — (203,772 ) Disposals/retirements 59,500 2,627 4,231 1,420 — 67,778 Reclassifications — (3,667 ) 4,438 (771 ) — — Impact of foreign exchange 910 118 118 454 — 1,600 Accumulated depreciation and impairment as at December 31, 2021 $ (2,445,367 ) $ (129,864 ) $ (57,689 ) $ (7,342 ) $ — $ (2,640,262 ) Net carrying values As at December 31, 2020 $ 1,120,403 $ 45,233 $ 33,079 $ 30,057 $ 89,754 $ 1,318,526 As at December 31, 2021 $ 933,143 $ 41,921 $ 28,046 $ 36,038 $ 392,627 $ 1,431,775

Intangible Assets (Tables)

Intangible Assets (Tables)	12 Months Ended
	Dec. 31, 2021
Disclosure of intangible assets [text block] [Abstract]
Schedule of indefinite life intangible assets	Orbital slots Trade name Intellectual property Total indefinite life intangible assets Cost as at January 1, 2020 $ 608,021 $ 17,000 $ 65,822 $ 690,843 Additions — — 5 5 Disposals/retirements — — (229 ) (229 ) Impact of foreign exchange (808 ) — (757 ) (1,565 ) Cost as at December 31, 2020 and January 1, 2021 607,213 17,000 64,841 689,054 Additions — — — — Disposals/retirements — — — — Impact of foreign exchange (268 ) — (449 ) (717 ) Cost as at December 31, 2021 $ 606,945 $ 17,000 $ 64,392 $ 688,337 Accumulated impairment as at January 1, 2020 $ (1,100 ) $ — $ — $ (1,100 ) Impairment — — — — Accumulated impairment as at December 31, 2020 and January 1, 2021 (1,100 ) — — (1,100 ) Impairment — — — — Accumulated impairment as at December 31, 2021 $ (1,100 ) $ — $ — $ (1,100 ) Net carrying values As at December 31, 2020 $ 606,113 $ 17,000 $ 64,841 $ 687,954 As at December 31, 2021 $ 605,845 $ 17,000 $ 64,392 $ 687,237
Schedule of finite life intangible assets	Revenue backlog Customer relationships Customer contracts Transponder rights Concession rights Software Other Total Cost as at January 1, 2020 $ 223,664 $ 198,476 $ 12,858 $ 16,718 $ 30,148 $ — $ 59 $ 481,923 Additions — — — — 24 — — 24 Disposals/retirements — (3,943 ) (240 ) — — — — (4,183 ) Impact of foreign exchange — 12 — — (7,258 ) — — (7,246 ) Cost as at December 31, 2020 and January 1, 2021 223,664 194,545 12,618 16,718 22,914 — 59 470,518 Additions — — — — 75 2,770 — 2,845 Disposals/retirements — — — — (411 ) — — (411 ) Impact of foreign exchange — (19 ) — — (1,501 ) — — (1,520 ) Cost as at December 31, 2021 $ 223,664 $ 194,526 $ 12,618 $ 16,718 $ 21,077 $ 2,770 $ 59 $ 471,432 Accumulated amortization and impairment as at January 1, 2020 $ (202,783 ) $ (137,917 ) $ (6,951 ) $ (12,944 ) $ (8,240 ) $ — $ (40 ) $ (368,875 ) Amortization (6,198 ) (6,847 ) (834 ) (1,078 ) (2,235 ) — (3 ) (17,195 ) Disposals/retirements — 3,943 240 — — — — 4,183 Impact of foreign exchange — (70 ) — — 2,675 — — 2,605 Accumulated amortization and impairment as at December 31, 2020 and January 1, 2021 (208,981 ) (140,891 ) (7,545 ) (14,022 ) (7,800 ) — (43 ) (379,282 ) Amortization (5,590 ) (6,894 ) (845 ) (1,078 ) (1,453 ) (277 ) (4 ) (16,141 ) Disposals/retirements — — — — 411 — — 411 Impact of foreign exchange — 13 — — 408 — — 421 Accumulated amortization and impairment as at December 31, 2021 $ (214,571 ) $ (147,772 ) $ (8,390 ) $ (15,100 ) $ (8,434 ) $ (277 ) $ (47 ) $ (394,591 ) Net carrying values As at December 31, 2020 $ 14,683 $ 53,654 $ 5,073 $ 2,696 $ 15,114 $ — $ 16 $ 91,236 As at December 31, 2021 $ 9,093 $ 46,754 $ 4,228 $ 1,618 $ 12,643 $ 2,493 $ 12 $ 76,841
Schedule of indefinite and finite life intangible assets	As at December 31, 2021 As at December 31, 2020 Cost Accumulated amortization and impairment Net carrying value Cost Accumulated amortization and impairment Net carrying value Indefinite life intangibles $ 688,337 $ (1,100 ) $ 687,237 $ 689,054 $ (1,100 ) $ 687,954 Finite life intangibles 471,432 (394,591 ) 76,841 470,518 (379,282 ) 91,236 Total intangibles $ 1,159,769 $ (395,691 ) $ 764,078 $ 1,159,572 $ (380,382 ) $ 779,190
Schedule of remaining useful lives of the intangible assets	Years Revenue backlog 3 Customer relationships 5 to 7 Customer contracts 5 Transponder rights 1 Concession rights 1 to 15 Software 5 Patent 4
Schedule of discount rates	2021 2020 Geo royalties 7.5 % 8.0 % Leo royalties 17.5 % 17.5 %
Schedule of growth rate assumptions	2021 2020 Geo — % — % Leo 3.0 % 3.0 %

Goodwill (Tables)

Goodwill (Tables)	12 Months Ended
	Dec. 31, 2021
Disclosure of goodwill [text block] [Abstract]
Schedule of management uses a weighted average cost of capital as a discount rate	2021 2020 Geo 7.5 % 8.0 % Leo 17.5 % 17.5 % U.S. C-band clearing proceeds 7.5 % 8.0 %

Trade and Other Payables (Table

Trade and Other Payables (Tables)	12 Months Ended
	Dec. 31, 2021
Disclosure of trade and other payables [text block] [Abstract]
Schedule of trade and other payables	As at December 31, 2021 2020 Trade payables $ 3,456 $ 5,393 Other payables and accrued liabilities (a) 50,305 24,698 Trade and other payables $ 53,761 $ 30,091 (a) Other payables and accrued liabilities included payables that are not trade in nature as well as various operating and capital accruals.

Other Current Financial Liabi_2

Other Current Financial Liabilities (Tables)	12 Months Ended
	Dec. 31, 2021
Other Current Financial Liabilities [Abstract]
Schedule of other current financial liabilities	As at December 31, 2021 2020 Derivative liabilities (Note 29) $ 5,367 $ 12,581 Security deposits 875 1,141 Satellite performance incentive payments 7,485 7,996 Interest payable (a) 19,814 12,046 Other 3,106 2,116 Other current financial liabilities $ 36,647 $ 35,880

Other Current Liabilities (Tabl

Other Current Liabilities (Tables)	12 Months Ended
	Dec. 31, 2021
Other Current Liabilities [Abstract]
Schedule of other current liabilities	As at December 31, 2021 2020 Deferred revenue (Note 23) $ 78,157 $ 81,759 Decommissioning liabilities (Note 23) 991 790 Uncertain tax positions 1,315 1,315 Lease liabilities 1,949 2,131 Other 2,656 2,834 Other current liabilities $ 85,068 $ 88,829

Other Long-Term Financial Lia_2

Other Long-Term Financial Liabilities (Tables)	12 Months Ended
	Dec. 31, 2021
Disclosure of financial liabilities [text block] [Abstract]
Schedule of other long-term financial liabilities	As at December 31, 2021 2020 Derivative liabilities (Note 29) $ — $ 5,448 Security deposits 976 473 Satellite performance incentive payments 22,859 29,578 Other long-term financial liabilities $ 23,835 $ 35,499

Other Long-Term Liabilities (Ta

Other Long-Term Liabilities (Tables)	12 Months Ended
	Dec. 31, 2021
Disclosure of other non-current liabilities [text block] [Abstract]
Schedule of other long-term liabilities	As at December 31, 2021 2020 Deferred revenue (b) $ 289,926 $ 332,363 Accrued benefit liabilities (Note 31) 45,221 47,984 Uncertain tax positions 175 175 Decommissioning liabilities (a) 2,402 3,145 Lease liabilities (c) 33,729 26,920 Other long-term liabilities $ 371,453 $ 410,587 (a) The current and long -term Nil (b) Remaining performance obligations, which the Company also refers to as contract revenue backlog (“backlog”) represents the expected future revenue under existing customer contracts, includes both cancellable and non -cancellable
Schedule of undiscounted contractual cash flows of lease liabilities	2022 2023 2024 2025 2026 Thereafter Total $ 582 $ 461 $ 313 $ 219 $ 185 $ 372 $ 2,132 2022 2023 2024 2025 2026 Thereafter Total $ 3,504 $ 3,580 $ 3,446 $ 3,180 $ 2,960 $ 34,990 $ 51,660

Indebtedness (Tables)

Indebtedness (Tables)	12 Months Ended
	Dec. 31, 2021
Disclosure of borrowings [text block] [Abstract]
Schedule of indebtedness	As at December 31 2021 2020 Senior Secured Credit Facilities Revolving Credit Facility $ — $ — Term Loan B – U.S. Facility (US$1,552,815) 1,962,292 1,975,957 Senior Notes (US$550,000) 695,035 699,875 2026 Senior Secured Notes (US$500,000) 631,850 — Senior Secured Notes (US$400,000) 505,480 509,000 3,794,657 3,184,832 Deferred financing costs, prepayment options and loss on repayment (2,060 ) 2,320 3,792,597 3,187,152 Less: current indebtedness — — Long-term indebtedness $ 3,792,597 $ 3,187,152
Schedule of short-term and long-term portions of deferred financing costs, prepayment options and loss on repayment	As at December 31, 2021 2020 Short-term deferred financing costs $ — $ — Long-term deferred financing costs 27,431 24,888 $ 27,431 $ 24,888 Short-term prepayment options $ — $ — Long-term prepayment options (23,448 ) (24,925 ) $ (23,448 ) $ (24,925 ) Short-term loss on repayment $ — $ — Long-term loss on repayment (1,923 ) (2,283 ) $ (1,923 ) $ (2,283 ) Deferred financing costs, prepayment options and loss on repayment $ 2,060 $ (2,320 )

Partnership Units Liability (Ta

Partnership Units Liability (Tables)	12 Months Ended
	Dec. 31, 2021
Disclosure of liability [text block] [Abstract]
Schedule of LP units issued	Number Class A LP Units and Class B LP Units 19,428,491 Class C LP Units 18,098,362 37,526,853

Partners' Capital_Share Capit_2

Partners' Capital/Share Capital (Tables)	12 Months Ended
	Dec. 31, 2021
Partners Capital Share Capitaltext Block [Abstract]
Schedule of number of shares and stated value of the outstanding shares	Number of Stated Common Shares 74,252,460 $ 26,580 Voting Participating Preferred Shares 7,034,444 48,246 Non-Voting Participating Preferred Shares 38,508,117 80,862 Director Voting Preferred Shares 1,000 10 Share capital $ 155,698

Capital Disclosures (Tables)

Capital Disclosures (Tables)	12 Months Ended
	Dec. 31, 2021
Disclosure of classes of share capital [text block] [Abstract]
Schedule of capital	As at December 31, 2021 2020 Partners’ capital/Shareholders’ equity (excluding reserves) $ 349,231 $ 1,422,212 Partnership units liability $ 1,309,800 $ N/A Debt financing (excluding deferred financing costs, prepayment options and loss on repayment) $ 3,794,657 $ 3,184,832

Financial Instruments (Tables)

Financial Instruments (Tables)	12 Months Ended
	Dec. 31, 2021
Disclosure of derivative financial instruments [text block] [Abstract]
Schedule of maturity of financial assets	Carrying Contractual cash flows 2022 2023 2024 2025 2026 Thereafter Cash and cash equivalents $ 1,449,589 $ 1,449,589 $ — $ — $ — $ — $ — Trade and other receivables, excluding deferred receivables 117,144 117,144 — — — — — Deferred receivables 18,250 5,554 4,173 2,936 1,420 1,333 2,834 Due from Telesat Corporation 3,649 3,649 — — — — — Other financial assets 3,475 861 1,841 — — — 773 $ 1,592,107 $ 1,576,797 $ 6,014 $ 2,936 $ 1,420 $ 1,333 $ 3,607
Schedule of contractual maturities of financial liabilities	Carrying Contractual 2022 2023 2024 2025 2026 Thereafter Trade and other payables $ 53,761 $ 53,761 $ 53,761 $ — $ — $ — $ — $ — Customer and other deposits 1,851 1,851 1,376 109 17 206 — 143 Satellite performance incentive payments 30,705 37,740 8,903 7,466 5,300 3,111 3,169 9,791 Other financial liabilities 3,106 3,106 3,106 — — — — — Interest rate swaps 5,367 5,582 5,582 — — — — — Partnership units liability 1,309,800 1,309,800 1,309,800 — — — — — Indebtedness (1) 3,814,110 4,671,821 168,905 164,005 164,098 163,058 2,753,742 1,258,013 $ 5,218,700 $ 6,083,661 $ 1,551,433 $ 171,580 $ 169,415 $ 166,375 $ 2,756,911 $ 1,267,947
Schedule of interest payable and interest payments	Interest Interest Satellite performance incentive payments $ 361 $ 7,304 Indebtedness $ 19,453 $ 877,164
Schedule of financial assets and financial liabilities and fair values hierarchy	As at December 31, 2021 FVTPL Amortized Total Fair Fair value Cash and cash $ — $ 1,449,589 $ 1,449,589 $ 1,449,589 Level 1 Trade and other — 122,698 122,698 122,698 ​ (3) Other current financial assets — 4,510 4,510 4,510 Level 1, (4) Other long-term financial assets (1) 1,038 15,310 16,348 16,348 Level 1, Level 2 Trade and other payables — (53,761 ) (53,761 ) (53,761 ) ​ (3) Other current financial liabilities (5,367 ) (31,280 ) (36,647 ) (38,250 ) Level 2 Other long-term financial liabilities — (23,835 ) (23,835 ) (24,240 ) Level 2 Partnership units liability (1,309,800 ) — (1,309,800 ) (1,309,800 ) Level 2 Indebtedness (2) — (3,794,657 ) (3,794,657 ) (3,314,387 ) Level 2 $ (1,314,129 ) $ (2,311,426 ) $ (3,625,555 ) $ (3,147,293 ) As at December 31, 2020 FVTPL Amortized Total Fair Fair value Cash and cash $ — $ 818,378 $ 818,378 $ 818,378 Level 1 Trade and other — 51,928 51,928 51,928 ​ (3) Other current financial assets — 448 448 448 Level 1 Other long-term financial assets (1) 30,266 23,159 53,425 53,425 Level 1, Level 2 Trade and other payables — (30,091 ) (30,091 ) (30,091 ) ​ (3) Other current financial liabilities (12,581 ) (23,299 ) (35,880 ) (37,921 ) Level 2 Other long-term financial liabilities (5,448 ) (30,051 ) (35,499 ) (36,357 ) Level 2 Indebtedness (2) — (3,184,832 ) (3,184,832 ) (3,214,543 ) Level 2 $ 12,237 $ (2,374,360 ) $ (2,362,123 ) $ (2,394,733 )
Schedule of calculation of the fair value of the indebtedness	As at December 31 2021 2020 Term Loan B – U.S. Facility – Senior Secured Credit Facilities 88.25 % 98.88 % Senior Notes 77.65 % 104.76 % Senior Secured Notes 88.72 % 103.64 % 2026 Senior Secured Notes 94.09 % —
Schedule of current and long-term portions of the fair value of the company’s derivative assets and liabilities	As at December 31, 2021 Other Other Total Interest rate swaps $ — $ (5,367 ) $ (5,367 ) Prepayment options 1,038 — 1,038 $ 1,038 $ (5,367 ) $ (4,329 ) As at December 31, 2020 Other Other Other Total Interest rate swaps $ — $ (12,581 ) $ (5,448 ) $ (18,029 ) Prepayment options 30,266 — — 30,266 $ 30,266 $ (12,581 ) $ (5,448 ) $ 12,237
Schedule of reconciliation of fair value of derivative assets and liabilities	Fair value, December 31, 2019 and January 1, 2020 $ 24,905 Unrealized losses on derivatives Prepayment options (2,308 ) Interest rate swaps (10,807 ) Impact of foreign exchange 447 Fair value, December 31, 2020 12,237 Derivatives recognized at inception Prepayment option – 2026 Senior Secured Notes 1,896 Unrealized gains (losses) on derivatives Prepayment options (31,196 ) Interest rate swaps 12,512 Impact of foreign exchange 222 Fair value, December 31, 2021 $ (4,329 )

Share-Based Compensation Plans

Share-Based Compensation Plans (Tables)	12 Months Ended
	Dec. 31, 2021
Disclosure of share-based payment arrangements [text block] [Abstract]
Schedule of share-based compensation expense included in the consolidated statements of income	For the years ended December 31, 2021 2020 2019 Operating expenses $ 73,723 $ 12,500 $ 16,035
Schedule of number of stock options outstanding and their weighted average exercise price	Telesat Canada time Telesat Canada Telesat Corporation Number of Weighted Number of Weighted Number of Weighted Outstanding at December 31, 2019 and January 1, 2020 7,544,617 $ 25.63 409,953 $ 11.07 — $ — Granted 650,000 — — Forfeited (246,049 ) (3,691 ) — Exercised (Note 26) — — — Expired — — — Outstanding at December 31, 2020 7,948,568 $ 25.83 406,262 $ 11.07 — $ — Cancelled (6,197,775 ) — — Granted 77,500 — — Forfeited (46,761 ) (9,229 ) — Exercised (Note 26) (600 ) — — Exchanged upon close of Transaction (1,780,932 ) (397,033 ) 900,789 Expired — — — Outstanding at December 31, 2021 — $ — — $ — 900,789 $ 48.77
Schedule of stock options that are exercisable and the weighted average remaining life	As at As at Telesat Canada time vesting options — 5,779,565 Telesat Canada performance vesting options — 406,266 Telesat Corporation time vesting options 875,880 — Weighted average remaining life 2 years 6 years
Schedule of share-based compensation expense for stock options using the Black-Scholes option pricing model	2021 2020 2019 Dividend yield — % — % — % Expected volatility 35.0 % 32.7 % 32.4 % Risk-free interest rate 1.85 % 2.79 % 2.93 % Expected life (years) 10 10 10
Schedule of number of restricted share units outstanding	As at December 31, Telesat Telesat Telesat Telesat Outstanding, December 31, 2019 and January 1, 2020 133,333 — — — Settled (66,666 ) — — — Outstanding, December 31, 2020 and January 1, 2021 66,667 — — — Granted 3,230,000 300,000 — — Exchange upon close of Transaction (3,296,667 ) (300,000 ) 1,363,501 124,080 Outstanding, December 31, 2021 — — 1,363,501 124,080

Employee Benefit Plans (Tables)

Employee Benefit Plans (Tables)	12 Months Ended
	Dec. 31, 2021
Disclosure of employee benefits [text block] [Abstract]
Schedule of expenses included on consolidated statements of income and consolidated statements of comprehensive income	For the year ended December 31, 2021 Pension Plans Other Post-employment Canadian US Total Canadian US Total Consolidated statements of income Operating expenses $ 7,893 $ 74 $ 7,967 $ 166 $ — $ 166 Interest expense $ 743 $ 53 $ 796 $ 552 $ 92 $ 644 Consolidated statements of comprehensive income Actuarial (gains) losses on employee benefit plans $ (55,582 ) $ (798 ) $ (56,380 ) $ 987 $ (29 ) $ 958 For the year ended December 31, 2020 Canadian Pension Plans Other Post-employment Canadian US Total Consolidated statements of income Operating expenses $ 7,188 $ 145 $ — $ 145 Interest expense $ 423 $ 618 $ 128 $ 746 Consolidated statements of comprehensive income Actuarial losses on employee benefit plans $ 11,390 $ 1,686 $ 617 $ 2,303 For the year ended December 31, 2019 Canadian Pension Plans Other Post-employment Canadian US Total Consolidated statements of income Operating expenses $ 6,198 $ 116 $ — $ 116 Interest expense $ 524 $ 665 $ 150 $ 815 Consolidated statements of comprehensive income Actuarial (gains) losses on employee benefit plans $ (3,325 ) $ 1,533 $ 658 $ 2,191
Schedule of balance sheet obligations, distributed between pension and other post-employment benefits	As at December 31, 2021 2020 Included in other long-term liabilities Pension benefits $ 17,927 $ 22,070 Other post-employment benefits 27,294 25,914 Accrued benefit liabilities (Note 23) $ 45,221 $ 47,984 Included in other long-term assets Pension benefits (Note 15) $ 30,105 $ —
Schedule of funded statuses of the benefit plans and accrued benefit liabilities balance	Pension Plans Other Post-employment As at December 31, 2021 Canadian US Total Canadian US Total Present value of funded obligations $ 348,526 $ 72,906 $ 421,432 $ — $ — $ — Fair value of plan assets (379,740 ) (54,979 ) (434,719 ) — — — (31,214 ) 17,927 (13,287 ) — — — Present value of unfunded obligations 1,109 — 1,109 22,429 4,865 27,294 (Pension benefits) accrued benefit liabilities $ (30,105 ) $ 17,927 $ (12,178 ) $ 22,429 $ 4,865 $ 27,294 Pension Plans Other Post-employment As at December 31, 2020 Canadian US Total Canadian US Total Present value of funded obligations $ 375,222 $ — $ 375,222 $ — $ — $ — Fair value of plan assets (354,385 ) — (354,385 ) — — — 20,837 — 20,837 — — — Present value of unfunded obligations 1,233 — 1,233 21,403 4,511 25,914 Accrued benefit liabilities $ 22,070 $ — $ 22,070 $ 21,403 $ 4,511 $ 25,914
Schedule of changes in benefit obligations and fair value of plan assets	Pension Plans Other Post-employment Benefit Plans As at December 31, 2021 Canadian US Total Canadian US Total Change in benefits obligations Benefit obligation, January 1, 2021 $ 376,455 $ — $ 376,455 $ 21,403 $ 4,511 $ 25,914 Initial balance from transaction — 74,113 74,113 — 646 646 Current service cost 7,462 74 7,536 166 — 166 Interest expense 9,872 235 10,107 552 92 644 Remeasurements Actuarial gains arising from plan experience (556 ) (70 ) (626 ) 4,895 246 5,141 Actuarial gains from change in demographic assumptions — — — — (1 ) (1 ) Actuarial gains from changes in financial assumptions (33,099 ) (942 ) (34,041 ) (3,908 ) (274 ) (4,182 ) Benefits paid (11,067 ) (488 ) (11,555 ) (590 ) (388 ) (978 ) Contributions by plan participants 1,001 1 1,002 — — — Foreign exchange & other (433 ) (17 ) (450 ) (89 ) 33 (56 ) Benefit obligation, December 31, 349,635 72,906 422,541 22,429 4,865 27,294 Change in fair value of plan assets Fair value of plan assets, January 1, 2021 (354,385 ) — (354,385 ) — — — Initial balance from Transaction — (55,511 ) (55,511 ) — — — Contributions by plan participants (1,001 ) (1 ) (1,002 ) — — — Contributions by employer (4,796 ) — (4,796 ) 590 388 978 Interest income (9,129 ) (182 ) (9,311 ) — — — Benefits paid 11,067 488 11,555 (590 ) (388 ) (978 ) Remeasurements Return on plan assets, excluding interest income (21,927 ) 214 (21,713 ) — — — Administrative costs 431 — 431 — — — Foreign exchange & other — 13 13 — — — Fair value of plan assets, (379,740 ) (54,979 ) (434,719 ) — — — (Pension benefits) accrued benefit liabilities, December 31, 2021 $ (30,105 ) $ 17,927 $ (12,178 ) $ 22,429 $ 4,865 $ 27,294 As at December 31, 2020 Canadian Pension Plans Other Post-employment Canadian US Total Change in benefits obligations Benefit obligation, January 1, 2020 $ 332,823 $ 19,399 $ 4,109 $ 23,508 Current service cost 6,695 145 — 145 Interest expense 10,723 618 128 746 Remeasurements Actuarial gains arising from plan experience 2,212 — 184 184 Actuarial gains from change in demographic assumptions — — 11 11 Actuarial gains from changes in financial 33,278 1,735 373 2,108 Benefits paid (10,294 ) (494 ) (232 ) (726 ) Contributions by plan participants 1,018 — — — Foreign exchange — — (62 ) (62 ) Benefit obligation, December 31, 2020 376,455 21,403 4,511 25,914 Change in fair value of plan assets Fair value of plan assets, January 1, 2020 (324,257 ) — — — Contributions by plan participants (1,018 ) — — — Contributions by employer (5,497 ) (494 ) (232 ) (726 ) Interest income (10,300 ) — — — Benefits paid 10,294 494 232 726 Remeasurements Return on plan assets, excluding interest income (24,100 ) — — — Administrative costs 493 — — — Fair value of plan assets, December 31, 2020 (354,385 ) — — — Accrued benefit liabilities, December 31, 2020 $ 22,070 $ 21,403 $ 4,511 $ 25,914
Schedule of estimated future benefit payments for defined benefit pension plans and other post-employment benefit plans	Pension Plans Other 2022 $ 15,169 $ 1,056 2023 $ 15,361 $ 1,072 2024 $ 16,416 $ 1,222 2025 $ 17,244 $ 1,263 2026 $ 18,232 $ 1,298 2027 to 2031 $ 101,879 $ 7,121
Schedule of significant assumptions adopted in measuring pension and other benefit obligations	As at December 31, 2021 2020 Equity securities Canada 22.8 % 22.9 % United States 19.3 % 19.7 % International (other than United States) 13.5 % 14.3 % Fixed income instruments Canada 42.3 % 41.0 % Cash and cash equivalents 2.1 % 2.1 % As at December 31, 2021 Equity securities United States 33.4 % International 22.8 % Fixed income instruments United States 29.9 % Canada 0.4 % International 4.8 % Other investments United States 4.4 % International 4.3 %
Schedule of impact on defined benefit obligation from one percent increase or decrease change in assumptions used	Canadian US Canadian As at December 31, 2021 2021 2020 Actuarial benefit obligation Discount rate 3.20 % 2.85 % 2.60 % Benefit costs for the year ended Discount rate 2.80 % 2.75 % 3.20 % Future salary growth 2.50 % N/A 2.50 %
Schedule of other post-employment benefit plans	Canadian US As at December 31, 2021 2020 2021 2020 Benefit costs for the year ended Discount rate 3.20% 3.20% 2.50% to 2.85% 2.95% Health care cost trend rate 3.49% to 5.49% 3.49% to 5.49% N/A N/A Other medical trend rates 4.00% to 4.56% 4.00% to 4.56% N/A N/A
Schedule of impact on defined benefit obligation from one percent increase or decrease change in assumptions	Canadian US As at December 31, 2021 1% increase 1% decrease 1% increase 1% decrease Discount rate $ (45,732 ) $ 58,488 $ (8,418 ) $ 10,317 Future salary growth $ 8,606 $ (6,839 ) N/A N/A Canadian As at December 31, 2020 1% increase 1% decrease Discount rate $ (53,058 ) $ 67,549 Future salary growth $ 10,423 $ (9,165 ) Canadian US As at December 31, 2021 1% increase 1% decrease 1% increase 1% decrease Discount rate $ (2,961 ) $ 3,734 $ (408 ) $ 474 Medical and dental trend rates $ 2,216 $ (1,826 ) N/A N/A Canadian US As at December 31, 2020 1% increase 1% decrease 1% increase 1% decrease Discount rate $ (3,067 ) $ 3,860 $ (419 ) $ 491 Medical and dental trend rates $ 2,222 $ (1,839 ) N/A N/A

Supplemental Cash Flow Inform_2

Supplemental Cash Flow Information (Tables)	12 Months Ended
	Dec. 31, 2021
Disclosure of cash flow statement [text block] [Abstract]
Schedule of cash and cash equivalents	As at, December 31, 2021 December 31, 2020 December 31, 2019 Cash $ 1,368,555 $ 687,967 $ 542,537 Short-term investments (1) 81,034 130,411 484,685 Cash and cash equivalents $ 1,449,589 $ 818,378 $ 1,027,222
Schedule of income taxes paid, net of income taxes received	For the years ended December 31, 2021 2020 2019 Income taxes paid $ (94,290 ) $ (53,842 ) $ (101,952 ) Income taxes received 48 399 6,497 $ (94,242 ) $ (53,443 ) $ (95,455 )
Schedule of Interest paid, net of interest receivedd	For the years ended December 31, 2021 2020 2019 Interest paid $ (158,806 ) $ (188,969 ) $ (195,671 ) Interest received 4,373 8,997 19,559 $ (154,433 ) $ (179,972 ) $ (176,112 )
Schedule of reconciliation of the liabilities arising from financing activities	Indebtedness Satellite performance incentive payments Lease Balance as at January 1, 2021 $ 3,187,152 $ 37,574 $ 29,051 Cash outflows — (6,914 ) (2,178 ) Cash inflows 619,900 — — Debt issue costs (6,834 ) — — Prepayment option at inception – 2026 Senior Secured 1,896 — — Amortization of deferred financing costs, prepayment options and loss on repayment 558 — — Non-cash additions — — 10,074 Interest paid — — (1,499 ) Interest accrued — — 1,499 Non-cash disposals — — (939 ) Impact of foreign exchange (10,075 ) (316 ) (330 ) Balance as at December 31, 2021 $ 3,792,597 $ 30,344 $ 35,678 Indebtedness Satellite performance incentive payments Lease Balance as at January 1, 2020 $ 3,712,799 $ 46,951 $ 28,582 Cash outflows (453,592 ) (9,031 ) (1,793 ) Loss on repayment (Note 24) 2,284 — — Amortization of deferred financing costs, prepayment options and loss on repayment 428 — — Non-cash additions — — 2,788 Interest paid — — (1,649 ) Interest accrued — — 1,349 Other — 182 (91 ) Impact of foreign exchange (74,767 ) (528 ) (135 ) Balance as at December 31, 2020 $ 3,187,152 $ 37,574 $ 29,051 Indebtedness Satellite performance incentive payments Lease Balance as at January 1, 2019 $ 3,724,228 $ 58,913 $ 369 Cash outflows (3,743,465 ) (9,644 ) (1,252 ) Cash inflows 3,786,082 — — Write-off of deferred financing costs, interest rate floor, prepayment option and net gain on repricing/repayment (Note 24) 107,065 — — Amortization of deferred financing costs, interest rate floor, prepayment options and net gain on repricing/repayment 22,461 — — Debt issue costs (28,082 ) — — Debt issue costs accrued (573 ) — — Prepayment option at inception – Senior Notes 17,829 — — Prepayment option at inception – Senior Secured Notes 10,562 — — Cumulative effect adjustment (1) — — 26,851 Non-cash additions — — 2,775 Interest paid — — (984 ) Interest accrued — — 1,288 Other — 296 (236 ) Impact of foreign exchange (183,308 ) (2,614 ) (229 ) Balance as at December 31, 2019 $ 3,712,799 $ 46,951 $ 28,582
Schedule of net change in operating assets and liabilities	For the years ended December 31, 2021 2020 2019 Trade and other receivables $ (55,426 ) $ (4,173 ) $ (16,113 ) Financial assets (470 ) 161 (3,897 ) Other assets (17,736 ) (7,286 ) (13,183 ) Trade and other payables 13,206 1,860 1,685 Financial liabilities 4,210 (651 ) (2,125 ) Other liabilities (3,659 ) 25,107 19,691 $ (59,875 ) $ 15,018 $ (13,942 )
Schedule of non-cash investing activities	For the years ended December 31, 2021 2020 2019 Satellite, property and other equipment $ 10,406 $ 2,963 $ 29,234 Intangible assets $ — $ — $ (3,263 ) C-band clearing proceeds $ (64,289 ) $ — $ —

Commitments and Contingent Li_2

Commitments and Contingent Liabilities (Tables)	12 Months Ended
	Dec. 31, 2021
Disclosure of commitments and contingent liabilities [text block] [Abstract]
Schedule of off-balance sheet contractual obligations	2022 2023 2024 2025 2026 Thereafter Total Property leases $ 945 $ 1,097 $ 1,083 $ 1,002 $ 1,000 $ 11,894 $ 17,021 Capital commitments 22,945 21,362 40,185 50,675 — — 135,167 Other operating commitments 23,108 5,833 4,799 4,172 1,998 9,530 49,440 $ 46,998 $ 28,292 $ 46,067 $ 55,849 $ 2,998 $ 21,424 $ 201,628

Subsidiaries (Tables)

Subsidiaries (Tables)	12 Months Ended
	Dec. 31, 2021
Disclosure of subsidiaries [text block] [Abstract]
Schedule of companies included in scope of consolidation	Company Country Method of % voting Infosat Communications LP Canada Fully consolidated 100 Telesat Spectrum General Partnership Canada Fully consolidated 100 Telesat LEO Holdings Inc. Canada Fully consolidated 100 Telesat Technology Corporation Canada Fully consolidated 100 Telesat Spectrum Corporation Canada Fully consolidated 100 Telesat Spectrum Holdings Corporation Canada Fully consolidated 100 Skynet Satellite Corporation United States Fully consolidated 100 Telesat Network Services, Inc. United States Fully consolidated 100 The SpaceConnection Inc. United States Fully consolidated 100 Telesat Satellite LP United States Fully consolidated 100 Telesat LEO Inc. United States Fully consolidated 100 Telesat U.S. Services, LLC United States Fully consolidated 100 Infosat Able Holdings, Inc. United States Fully consolidated 100 Telesat Brasil Capacidade de Satélites Ltda. Brazil Fully consolidated 100 Telesat (IOM) Limited Isle of Man Fully consolidated 100 Telesat International Limited United Kingdom Fully consolidated 100 Loral Skynet Corporation United States Fully consolidated 100 Loral Space & Communications Inc. United States Fully consolidated 100 Telesat Can ULC Canada Fully consolidated 100 Telesat CanHold Corporation Canada Fully consolidated 100 Telesat Canada Canada Fully consolidated 100 Company Country Method of % voting Infosat Communications LP Canada Fully consolidated 100 Telesat Spectrum General Partnership Canada Fully consolidated 100 Telesat LEO Holdings Inc. Canada Fully consolidated 100 Telesat Technology Corporation Canada Fully consolidated 100 Telesat Spectrum Corporation Canada Fully consolidated 100 Telesat Spectrum Holdings Corporation Canada Fully consolidated 100 Skynet Satellite Corporation United States Fully consolidated 100 Telesat Network Services, Inc. United States Fully consolidated 100 The SpaceConnection Inc. United States Fully consolidated 100 Telesat Satellite LP United States Fully consolidated 100 Telesat LEO Inc. United States Fully consolidated 100 Telesat U.S. Services, LLC United States Fully consolidated 100 Infosat Able Holdings, Inc. United States Fully consolidated 100 Telesat Brasil Capacidade de Satélites Ltda. Brazil Fully consolidated 100 Telesat (IOM) Limited Isle of Man Fully consolidated 100 Telesat International Limited United Kingdom Fully consolidated 100

Related Party Transactions (Tab

Related Party Transactions (Tables)	12 Months Ended
	Dec. 31, 2021
Disclosure of related party [text block] [Abstract]
Schedule of compensation of executives and board level directors	For the years ended December 31, 2021 2020 2019 Short-term benefits (including salaries) $ 15,465 $ 13,058 $ 11,051 Special payments (1) 597 710 948 Post-employment benefits 2,514 2,180 2,773 Share-based payments 73,090 12,373 15,649 $ 91,666 $ 28,321 $ 30,421 (1) Balance relates to the special cash distribution effective January 25, 2017.
Schedule of related parties transaction	For the years ended December 31, 2021 2020 2019 Revenue $ 105 $ 133 $ 133 For the years ended December 31, 2021 2020 2019 Operating expenses $ 5,230 $ 6,712 $ 6,645

Background of The Company (Deta

Background of The Company (Details)	12 Months Ended
	Dec. 31, 2021
Background of The Company (Details) [Line Items]
Percentage of economic interests	63.00%
Public Sector Pension Investment Board [Member]
Background of The Company (Details) [Line Items]
Percentage of economic interests	36.00%

Transaction (Details)

Transaction (Details) $ in Millions	12 Months Ended
	Dec. 31, 2021USD ($)
Disclosure of transaction price allocated to remaining performance obligations [text block] [Abstract]
Value of its equity interests	$ 5
PSP Investments payment	$ 7

Significant Accounting Polici_3

Significant Accounting Policies (Details)	12 Months Ended
	Dec. 31, 2021
Significant Accounting Policies (Details) [Line Items]
Lease term	12 months
Senior secured [Member]
Significant Accounting Policies (Details) [Line Items]
Senior secured cost percentage	6.50%
Senior secured 1 [Member]
Significant Accounting Policies (Details) [Line Items]
Senior secured cost percentage	4.875%
Senior secured 2 [Member]
Significant Accounting Policies (Details) [Line Items]
Senior secured cost percentage	5.625%

Significant Accounting Polici_4

Significant Accounting Policies (Details) - Schedule of satellites, property and other equipment	12 Months Ended
	Dec. 31, 2021
Bottom of range [member]
Significant Accounting Policies (Details) - Schedule of satellites, property and other equipment [Line Items]
Satellites	12 years
Right-of-use assets	2 years
Antennas, satellite control & communication equipment	8 years
Building, equipment & other	3 years
Top of range [member]
Significant Accounting Policies (Details) - Schedule of satellites, property and other equipment [Line Items]
Satellites	15 years
Right-of-use assets	27 years
Antennas, satellite control & communication equipment	20 years
Building, equipment & other	25 years

Significant Accounting Polici_5

Significant Accounting Policies (Details) - Schedule of finite life intangible assets	12 Months Ended
	Dec. 31, 2021
Significant Accounting Policies (Details) - Schedule of finite life intangible assets [Line Items]
Revenue backlog	17 years
Customer contracts	15 years
Transponder rights	16 years
Software	5 years
Patents	18 years
Bottom of range [member]
Significant Accounting Policies (Details) - Schedule of finite life intangible assets [Line Items]
Customer relationships	20 years
Concession rights	3 years
Top of range [member]
Significant Accounting Policies (Details) - Schedule of finite life intangible assets [Line Items]
Customer relationships	21 years
Concession rights	15 years

Critical Accounting Judgments_2

Critical Accounting Judgments and Estimates (Details) - CAD ($) $ in Millions	Dec. 31, 2021	Dec. 31, 2020
Disclosure of accounting judgements and estimates [text block] [Abstract]
Derivative financial assets, at fair value	$ 1	$ 30.3
Derivative financial liabilities, at fair value	5.4	18
Goodwill		2,446.6
Intangible assets	$ 764.1	$ 779.2

Segment Information (Details)

Segment Information (Details)	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Disclosure of entity's operating segments [text block] [Abstract]
Significant customers	2	2	3
Consolidated revenue percentage	10.00%	10.00%	10.00%

Segment Information (Details) -

Segment Information (Details) - Schedule of revenue derived from services - CAD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Segment Information (Details) - Schedule of revenue derived from services [Line Items]
Revenue	$ 758,212	$ 820,468	$ 910,893
Broadcast [Member]
Segment Information (Details) - Schedule of revenue derived from services [Line Items]
Revenue	390,815	411,407	444,478
Enterprise [Member]
Segment Information (Details) - Schedule of revenue derived from services [Line Items]
Revenue	354,126	389,696	444,732
Consulting and Other [Member]
Segment Information (Details) - Schedule of revenue derived from services [Line Items]
Revenue	$ 13,271	$ 19,365	$ 21,683

Segment Information (Details)_2

Segment Information (Details) - Schedule of sales included within the various services - CAD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Segment Information (Details) - Schedule of sales included within the various services [Line Items]
Revenue	$ 10,090	$ 14,993	$ 8,556
Broadcast [Member]
Segment Information (Details) - Schedule of sales included within the various services [Line Items]
Revenue	67	1,300	233
Enterprise [Member]
Segment Information (Details) - Schedule of sales included within the various services [Line Items]
Revenue	$ 10,023	$ 13,693	$ 8,323

Segment Information (Details)_3

Segment Information (Details) - Schedule of geographic regions - CAD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Segment Information (Details) - Schedule of geographic regions [Line Items]
Revenue	$ 758,212	$ 820,468	$ 910,893
Satellites, property and other equipment	1,431,775	1,318,526
Intangible assets	764,078	779,190
Other long-term assets	31,254	1,504
Canada [Member]
Segment Information (Details) - Schedule of geographic regions [Line Items]
Revenue	330,832	362,939	395,235
Satellites, property and other equipment	814,565	624,303
Intangible assets	707,502	718,880
Other long-term assets	30,979	1,052
United Kingdom [Member]
Segment Information (Details) - Schedule of geographic regions [Line Items]
Revenue	292,474	307,433	329,634
Satellites, property and other equipment	54,390	71,659
Intangible assets	38,039	38,448
Other long-term assets	275	452
Europe, Middle East & Africa [Member]
Segment Information (Details) - Schedule of geographic regions [Line Items]
Revenue	40,822	44,710	50,911
Satellites, property and other equipment	19,310	23,334
Latin America & Caribbean [Member]
Segment Information (Details) - Schedule of geographic regions [Line Items]
Revenue	55,818	64,024	73,120
Intangible assets	12,643	15,114
Asia & Australia [Member]
Segment Information (Details) - Schedule of geographic regions [Line Items]
Revenue	38,266	41,362	$ 61,993
United Kingdom [Member]
Segment Information (Details) - Schedule of geographic regions [Line Items]
Satellites, property and other equipment	541,126	596,625
All Others [Member]
Segment Information (Details) - Schedule of geographic regions [Line Items]
Satellites, property and other equipment	2,384	2,605
Intangible assets	$ 5,894	$ 6,748

Operating Expenses (Details)

Operating Expenses (Details) - CAD ($) $ in Millions	Dec. 31, 2021	Dec. 31, 2020
Disclosure of other operating expense [text block] [Abstract]
Lease Liabilities	$ 2.1	$ 1.9

Operating Expenses (Details) -

Operating Expenses (Details) - Schedule of operating expenses - CAD ($) $ in Thousands		12 Months Ended
		Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Schedule of operating expenses [Abstract]
Compensation and employee benefits	[1]	$ 154,975	$ 89,882	$ 87,943
Other operating expenses	[2]	47,618	57,622	40,332
Cost of sales	[3]	30,215	33,370	37,224
Operating expenses		$ 232,808	$ 180,874	$ 165,499
[1]	Compensation and employee benefits included salaries, bonuses, commissions, post -employment -based
[2]	Other operating expenses included general and administrative expenses, marketing expenses, in -orbit
[3]	Cost of sales included the cost of third -party

Operating Expenses (Details) _2

Operating Expenses (Details) - Schedule of cost of equipment sales - CAD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Schedule of cost of equipment sales [Abstract]
Cost of equipment sale	$ 6,210	$ 10,416	$ 7,003

Other Operating Gains (Losses_3

Other Operating Gains (Losses), Net (Details) $ in Thousands, $ in Millions	1 Months Ended	12 Months Ended
	May 31, 2020USD ($)	Dec. 31, 2021CAD ($)	Dec. 31, 2021USD ($)	Dec. 31, 2020CAD ($)	Dec. 31, 2019CAD ($)
Other Operating Gains (Losses), Net (Details) [Line Items]
Other operating loss		$ 166		$ 145	$ 116
Operating expenses		108,500	$ 84.8
Other operating expenses (in Dollars)		$ 42,900
Phase 1 [Member]
Other Operating Gains (Losses), Net (Details) [Line Items]
Other operating loss	$ 84.8
Phase 2 [Member]
Other Operating Gains (Losses), Net (Details) [Line Items]
Other operating loss	259.6
C-Band Clearing Program [Member]
Other Operating Gains (Losses), Net (Details) [Line Items]
Other operating loss	$ 344.4

Other Operating Gains (Losses_4

Other Operating Gains (Losses), Net (Details) - Schedule of other operating gains (losses), net - CAD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Schedule of other operating gains (losses), net [Abstract]
Loss on disposal of assets	$ (848)	$ (215)	$ (862)
C-band clearing proceeds	108,463
Other operating gains (losses), net	$ 107,615	$ (215)	$ (862)

Interest Expense (Details) - Sc

Interest Expense (Details) - Schedule of interest expense - CAD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Schedule of interest expense [Abstract]
Interest on indebtedness	$ 151,462	$ 164,253	$ 239,805
Interest on derivative instruments	12,503	11,625	(13,191)
Interest on satellite performance incentive payments	2,236	2,930	3,536
Interest on significant financing component	18,854	22,434	25,484
Interest on employee benefit plans (Note 31)	1,440	1,169	1,339
Interest on leases	1,499	1,349	1,288
Interest expense	$ 187,994	$ 203,760	$ 258,261

Income Taxes (Details)

Income Taxes (Details) $ in Thousands, $ in Millions	12 Months Ended
	Dec. 31, 2021CAD ($)	Dec. 31, 2021USD ($)	Dec. 31, 2020CAD ($)	Dec. 31, 2020USD ($)
Income Taxes (Details) [Line Items]
Deferred tax assets	$ 46,187		$ 79,912
Recognized referred tax asset	$ 23,100
Foreign tax credit expire date	The credits are due to expire between 2024 and 2031.
Tax losses carried forward	$ 46,800
Loss carry forwards expire	expire starting in 2038
Temporary differences	$ 21,400	$ 27
Taxable income generated percentage	30.00%
Cumulative pre-tax income	3 years
Canada [Member]
Income Taxes (Details) [Line Items]
Deferred tax assets	$ 7,400	$ 46.2
Foreign tax credits to offset taxes payable	11,100
Recognized referred tax asset	7,100
Brazil [Member]
Income Taxes (Details) [Line Items]
Deferred tax assets				$ 79.9
Recognized referred tax asset	1,700
Tax losses carried forward	4,900
Temporary differences	330,500
United Kingdom [Member]
Income Taxes (Details) [Line Items]
Deferred tax assets	6,600
Tax losses carried forward	$ 121,600
Taxable income generated percentage	50.00%
Unused interest deduction	$ 285,700
United States [Member]
Income Taxes (Details) [Line Items]
Deferred tax assets	138,500
Tax losses carried forward	$ 2,500
Taxable income generated percentage	80.00%
Unrestricted taxable income not subject to limitation	50.00%

Income Taxes (Details) - Schedu

Income Taxes (Details) - Schedule of components of income tax expense - CAD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Schedule of components of income tax expense [Abstract]
Current tax expense	$ 85,219	$ 77,138	$ 71,202
Deferred tax recovery	(6,842)	(81,491)	(56,080)
Tax expense (recovery)	$ 78,377	$ (4,353)	$ 15,122

Income Taxes (Details) - Sche_2

Income Taxes (Details) - Schedule of reconciliation of statutory income tax rate - CAD ($) $ in Thousands		12 Months Ended
		Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Schedule of reconciliation of statutory income tax rate [Abstract]
Income before tax		$ 106,372	$ 241,225	$ 202,320
Multiplied by the statutory income tax rates		26.46%	26.46%	26.56%
Tax expenses income at applicable tax rate		$ 28,146	$ 63,828	$ 53,736
Income tax recorded at rates different from the Canadian tax rate		(38,059)	(22,875)	(13,017)
Permanent differences		50,107	1,548	(6,760)
Effect on deferred tax balances due to changes in income tax rates			(885)	(2,829)
Effect of temporary differences not recognized as deferred tax assets		44,261	(43,941)	(16,681)
Taxes related to prior periods	[1]	(4,769)	(1,467)	(311)
Other	[1]	(1,309)	(561)	984
Tax expense (recovery)		$ 78,377	$ (4,353)	$ 15,122
Effective income tax rate		73.68%	(1.80%)	7.47%
[1]	Certain comparative figures have been reclassified to conform to the current year presentation.

Income Taxes (Details) - Sche_3

Income Taxes (Details) - Schedule of tax effects of temporary differences between carrying amounts of assets and liabilities for accounting purposes - CAD ($) $ in Thousands	Dec. 31, 2021	Dec. 31, 2020
Deferred tax assets
Foreign tax credits	$ 7,164	$ 6,558
Financing charges	7,930	12,004
Deferred revenue	9,510	11,127
Loss carry forwards	24,777	29,715
Employee benefits		12,438
Reserves	1,639	1,222
Other	3,203	2,531
Total deferred tax assets	54,223	75,595
Deferred tax liabilities
Capital assets	(118,881)	(149,214)
Intangible assets	(183,914)	(158,957)
Unrealized foreign exchange gains	(421)	(13,405)
Employee benefits	(1,138)
Total deferred tax liabilities	(304,354)	(321,576)
Deferred tax liabilities, net	$ (250,131)	$ (245,981)

Trade and Other Receivables (De

Trade and Other Receivables (Details) - Schedule of trade and other receivables - CAD ($) $ in Thousands	Dec. 31, 2021	Dec. 31, 2020
Schedule of trade and other receivables [Abstract]
Trade receivables	$ 100,758	$ 47,368
Less: Allowance for doubtful accounts	(5,216)	(7,257)
Net trade receivables	95,542	40,111
Deferred receivables	5,554	7,347
Government grant receivable (Note 27)	17,626	2,776
Other receivables	3,976	1,694
Trade and other receivables	$ 122,698	$ 51,928

Trade and Other Receivables (_2

Trade and Other Receivables (Details) - Schedule of allowance for doubtful accounts - CAD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020
Schedule of allowance for doubtful accounts [Abstract]
Allowance for doubtful accounts, beginning of year	$ 7,257	$ 1,779
(Reversals) provisions for impaired receivables	(1,914)	6,069
Receivables written off	(13)	(146)
Impact of foreign exchange	(114)	(445)
Allowance for doubtful accounts, end of year	$ 5,216	$ 7,257

Other Current Financial Asset_2

Other Current Financial Assets (Details) - Schedule of other current financial assets - CAD ($) $ in Thousands	Dec. 31, 2021	Dec. 31, 2020
Schedule of other current financial assets [Abstract]
Due to Telesat Corporation (Note 35)	$ 3,649
Security deposits	861	448
Other current financial assets	$ 4,510	$ 448

Prepaid Expenses and Other Cu_3

Prepaid Expenses and Other Current Assets (Details) - CAD ($) $ in Millions	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020
Disclosure of other provisions, contingent liabilities and contingent assets [text block] [Abstract]
Inventory work in progress	$ 15.4	$ 4.1
Other inventory work in progress	$ 1.6	$ 1.2

Prepaid Expenses and Other Cu_4

Prepaid Expenses and Other Current Assets (Details) - Schedule of prepaid expenses and other current assets - CAD ($) $ in Thousands		Dec. 31, 2021	Dec. 31, 2020
Schedule of prepaid expenses and other current assets [Abstract]
Prepaid expenses		$ 6,431	$ 5,942
Inventory	[1]	16,982	5,224
Deferred charges	[2]	264	278
Other		14,106	8,301
Prepaid expenses and other current assets		$ 37,783	$ 19,745
[1]	As at December 31, 2021, inventory consisted of $15.4 million of work in progress (December 31, 2020 — $4.1 million) and $1.6 million of other inventory (December 31, 2020 — $1.2 million).
[2]	Deferred charges included deferred financing charges relating to the Revolving Credit Facility.

Other Long-Term Financial Ass_3

Other Long-Term Financial Assets (Details) - Schedule of other long-term financial assets - CAD ($) $ in Thousands	Dec. 31, 2021	Dec. 31, 2020
Schedule of other long-term financial assets [Abstract]
Deferred receivables	$ 12,696	$ 16,022
Other long-term receivables	1,841	1,276
Security deposits	773	5,861
Derivative assets (Note 29)	1,038	30,266
Other long-term financial assets	$ 16,348	$ 53,425

Other Long-Term Assets (Details

Other Long-Term Assets (Details) - Schedule of other long-term assets of other long-term financial assets - CAD ($) $ in Thousands	Dec. 31, 2021	Dec. 31, 2020
Schedule of other long-term assets of other long-term financial assets [Abstract]
Prepaid expenses	$ 336	$ 452
Deferred charges (Note 13)	511	775
Pension benefits (Note 31)	30,105
Other	302	277
Other long-term assets	$ 31,254	$ 1,504

Satellites, Property and othe_3

Satellites, Property and other Equipment (Details) $ in Thousands	12 Months Ended
	Dec. 31, 2021CAD ($)
Satellites, Property and other Equipment (Details) [Line Items]
Software	$ 1,493
Telesat International Limited [Member]
Satellites, Property and other Equipment (Details) [Line Items]
TIL’s interest	42.50%

Satellites, Property and othe_4

Satellites, Property and other Equipment (Details) - Schedule of satellites, property and other equipment - CAD ($) $ in Thousands		12 Months Ended
		Dec. 31, 2021	Dec. 31, 2020
Satellites, Property and other Equipment (Details) - Schedule of satellites, property and other equipment [Line Items]
Impact of foreign exchange		$ (114)	$ (445)
Net carrying values		1,431,775	1,318,526
Cost [Member]
Satellites, Property and other Equipment (Details) - Schedule of satellites, property and other equipment [Line Items]
Cost at beginning of year		3,824,394	3,847,669
Additions		324,875	95,892
Disposals/retirements		(70,021)	(97,040)
Transfers from assets under construction
Reclassifications	[1]	(1,493)
Impact of foreign exchange		(5,718)	(22,127)
Cost at end of year		4,072,037	3,824,394
Accumulated depreciation and impairment [Member]
Satellites, Property and other Equipment (Details) - Schedule of satellites, property and other equipment [Line Items]
Accumulated depreciation and impairment at beginning of year		(2,505,868)	(2,388,736)
Depreciation		(203,772)	(216,885)
Disposals/retirements		67,778	96,762
Reclassifications
Impact of foreign exchange		1,600	2,991
Accumulated depreciation and impairment at end of year		(2,640,262)	(2,505,868)
Satellites [Member]
Satellites, Property and other Equipment (Details) - Schedule of satellites, property and other equipment [Line Items]
Net carrying values		933,143	1,120,403
Satellites [Member] | Cost [Member]
Satellites, Property and other Equipment (Details) - Schedule of satellites, property and other equipment [Line Items]
Cost at beginning of year		3,443,332	3,553,115
Additions
Disposals/retirements		(59,500)	(93,755)
Transfers from assets under construction
Reclassifications	[1]
Impact of foreign exchange		(5,322)	(16,028)
Cost at end of year		3,378,510	3,443,332
Satellites [Member] | Accumulated depreciation and impairment [Member]
Satellites, Property and other Equipment (Details) - Schedule of satellites, property and other equipment [Line Items]
Accumulated depreciation and impairment at beginning of year		(2,322,929)	(2,218,821)
Depreciation		(182,848)	(200,041)
Disposals/retirements		59,500	93,755
Reclassifications
Impact of foreign exchange		910	2,178
Accumulated depreciation and impairment at end of year		(2,445,367)	(2,322,929)
Antennas, satellite control & communication equipment [Member]
Satellites, Property and other Equipment (Details) - Schedule of satellites, property and other equipment [Line Items]
Net carrying values		41,921	45,233
Antennas, satellite control & communication equipment [Member] | Cost [Member]
Satellites, Property and other Equipment (Details) - Schedule of satellites, property and other equipment [Line Items]
Cost at beginning of year		164,054	163,667
Additions		261	300
Disposals/retirements		(2,812)	(2,921)
Transfers from assets under construction		5,948	3,844
Reclassifications	[1]	4,276
Impact of foreign exchange		58	(836)
Cost at end of year		171,785	164,054
Antennas, satellite control & communication equipment [Member] | Accumulated depreciation and impairment [Member]
Satellites, Property and other Equipment (Details) - Schedule of satellites, property and other equipment [Line Items]
Accumulated depreciation and impairment at beginning of year		(118,821)	(113,249)
Depreciation		(10,121)	(8,678)
Disposals/retirements		2,627	2,702
Reclassifications		(3,667)
Impact of foreign exchange		118	404
Accumulated depreciation and impairment at end of year		(129,864)	(118,821)
Building, equipment & other [Member]
Satellites, Property and other Equipment (Details) - Schedule of satellites, property and other equipment [Line Items]
Net carrying values		28,046	33,079
Building, equipment & other [Member] | Cost [Member]
Satellites, Property and other Equipment (Details) - Schedule of satellites, property and other equipment [Line Items]
Cost at beginning of year		91,738	90,571
Additions		631	1,335
Disposals/retirements		(4,949)	(364)
Transfers from assets under construction		3,913	619
Reclassifications	[1]	(5,047)
Impact of foreign exchange		(551)	(423)
Cost at end of year		85,735	91,738
Building, equipment & other [Member] | Accumulated depreciation and impairment [Member]
Satellites, Property and other Equipment (Details) - Schedule of satellites, property and other equipment [Line Items]
Accumulated depreciation and impairment at beginning of year		(58,659)	(54,299)
Depreciation		(7,817)	(4,966)
Disposals/retirements		4,231	305
Reclassifications		4,438
Impact of foreign exchange		118	301
Accumulated depreciation and impairment at end of year		(57,689)	(58,659)
Right-of-use assets [Member]
Satellites, Property and other Equipment (Details) - Schedule of satellites, property and other equipment [Line Items]
Net carrying values	[2]	36,038	30,057
Right-of-use assets [Member] | Cost [Member]
Satellites, Property and other Equipment (Details) - Schedule of satellites, property and other equipment [Line Items]
Cost at beginning of year	[2]	35,516	29,141
Additions	[2]	10,074	6,813
Disposals/retirements	[2]	(2,760)
Transfers from assets under construction	[2]
Reclassifications	[1],[2]	771
Impact of foreign exchange	[2]	(221)	(438)
Cost at end of year	[2]	43,380	35,516
Right-of-use assets [Member] | Accumulated depreciation and impairment [Member]
Satellites, Property and other Equipment (Details) - Schedule of satellites, property and other equipment [Line Items]
Accumulated depreciation and impairment at beginning of year	[2]	(5,459)	(2,367)
Depreciation	[2]	(2,986)	(3,200)
Disposals/retirements	[2]	1,420
Reclassifications	[2]	(771)
Impact of foreign exchange	[2]	454	108
Accumulated depreciation and impairment at end of year	[2]	(7,342)	(5,459)
Assets under construction [Member]
Satellites, Property and other Equipment (Details) - Schedule of satellites, property and other equipment [Line Items]
Net carrying values		392,627	89,754
Assets under construction [Member] | Cost [Member]
Satellites, Property and other Equipment (Details) - Schedule of satellites, property and other equipment [Line Items]
Cost at beginning of year		89,754	11,175
Additions		313,909	87,444
Disposals/retirements
Transfers from assets under construction		(9,861)	(4,463)
Reclassifications	[1]	(1,493)
Impact of foreign exchange		318	(4,402)
Cost at end of year		392,627	89,754
Assets under construction [Member] | Accumulated depreciation and impairment [Member]
Satellites, Property and other Equipment (Details) - Schedule of satellites, property and other equipment [Line Items]
Accumulated depreciation and impairment at beginning of year
Depreciation
Disposals/retirements
Reclassifications
Impact of foreign exchange
Accumulated depreciation and impairment at end of year
[1]	Software of $1,493 was transferred to intangible assets.
[2]	Right-of-use assets consisted primarily of property leases.

Intangible Assets (Details)

Intangible Assets (Details)	Dec. 31, 2021	Dec. 31, 2020
Intangible Assets (Details) [Line Items]
Discount rate	0.25%	0.25%
Bottom of range [member]
Intangible Assets (Details) [Line Items]
Discount rate	7.50%
Top of range [member]
Intangible Assets (Details) [Line Items]
Discount rate		8.00%

Intangible Assets (Details) - S

Intangible Assets (Details) - Schedule of indefinite life intangible assets - CAD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020
Orbital slots [Member]
Intangible Assets (Details) - Schedule of indefinite life intangible assets [Line Items]
Net carrying values	$ 605,845	$ 606,113
Orbital slots [Member] | Cost [Member]
Intangible Assets (Details) - Schedule of indefinite life intangible assets [Line Items]
Cost at beginning of year	607,213	608,021
Additions
Disposals/retirements
Impact of foreign exchange	(268)	(808)
Cost at end of year	606,945	607,213
Orbital slots [Member] | Accumulated impairment [Member]
Intangible Assets (Details) - Schedule of indefinite life intangible assets [Line Items]
Accumulated impairment at beginning of year	(1,100)	(1,100)
Accumulated impairment at end of year	(1,100)	(1,100)
Impairment
Trade name [Member]
Intangible Assets (Details) - Schedule of indefinite life intangible assets [Line Items]
Net carrying values	17,000	17,000
Trade name [Member] | Cost [Member]
Intangible Assets (Details) - Schedule of indefinite life intangible assets [Line Items]
Cost at beginning of year	17,000	17,000
Additions
Disposals/retirements
Impact of foreign exchange
Cost at end of year	17,000	17,000
Trade name [Member] | Accumulated impairment [Member]
Intangible Assets (Details) - Schedule of indefinite life intangible assets [Line Items]
Accumulated impairment at beginning of year
Accumulated impairment at end of year
Impairment
Intellectual Property [Member]
Intangible Assets (Details) - Schedule of indefinite life intangible assets [Line Items]
Net carrying values	64,392	64,841
Intellectual Property [Member] | Cost [Member]
Intangible Assets (Details) - Schedule of indefinite life intangible assets [Line Items]
Cost at beginning of year	64,841	65,822
Additions		5
Disposals/retirements		(229)
Impact of foreign exchange	(449)	(757)
Cost at end of year	64,392	64,841
Intellectual Property [Member] | Accumulated impairment [Member]
Intangible Assets (Details) - Schedule of indefinite life intangible assets [Line Items]
Accumulated impairment at beginning of year
Accumulated impairment at end of year
Impairment
Total Indefinite Life Intangible Assets [Member]
Intangible Assets (Details) - Schedule of indefinite life intangible assets [Line Items]
Net carrying values	687,237	687,954
Total Indefinite Life Intangible Assets [Member] | Cost [Member]
Intangible Assets (Details) - Schedule of indefinite life intangible assets [Line Items]
Cost at beginning of year	689,054	690,843
Additions		5
Disposals/retirements		(229)
Impact of foreign exchange	(717)	(1,565)
Cost at end of year	688,337	689,054
Total Indefinite Life Intangible Assets [Member] | Accumulated impairment [Member]
Intangible Assets (Details) - Schedule of indefinite life intangible assets [Line Items]
Accumulated impairment at beginning of year	(1,100)	(1,100)
Accumulated impairment at end of year	(1,100)	(1,100)
Impairment

Intangible Assets (Details) -_2

Intangible Assets (Details) - Schedule of finite life intangible assets - CAD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020
Intangible Assets (Details) - Schedule of finite life intangible assets [Line Items]
Net carrying values	$ 76,841	$ 91,236
Cost [Member]
Intangible Assets (Details) - Schedule of finite life intangible assets [Line Items]
Cost at beginning of year	470,518	481,923
Cost at ending of year	471,432	470,518
Additions	2,845	24
Disposals/retirements	(411)	(4,183)
Impact of foreign exchange	(1,520)	(7,246)
Accumulated amortization and impairment [Member]
Intangible Assets (Details) - Schedule of finite life intangible assets [Line Items]
Accumulated amortization and impairment at beginning of year	(379,282)	(368,875)
Accumulated amortization and impairment at ending of year	(394,591)	(379,282)
Amortization	(16,141)	(17,195)
Disposals/retirements	411	4,183
Impact of foreign exchange	421	2,605
Revenue Backlog [Member]
Intangible Assets (Details) - Schedule of finite life intangible assets [Line Items]
Net carrying values	9,093	14,683
Revenue Backlog [Member] | Cost [Member]
Intangible Assets (Details) - Schedule of finite life intangible assets [Line Items]
Cost at beginning of year	223,664	223,664
Cost at ending of year	223,664	223,664
Additions
Disposals/retirements
Impact of foreign exchange
Revenue Backlog [Member] | Accumulated amortization and impairment [Member]
Intangible Assets (Details) - Schedule of finite life intangible assets [Line Items]
Accumulated amortization and impairment at beginning of year	(208,981)	(202,783)
Accumulated amortization and impairment at ending of year	(214,571)	(208,981)
Amortization	(5,590)	(6,198)
Disposals/retirements
Impact of foreign exchange
Customer Relationships [Member]
Intangible Assets (Details) - Schedule of finite life intangible assets [Line Items]
Net carrying values	46,754	53,654
Customer Relationships [Member] | Cost [Member]
Intangible Assets (Details) - Schedule of finite life intangible assets [Line Items]
Cost at beginning of year	194,545	198,476
Cost at ending of year	194,526	194,545
Additions
Disposals/retirements		(3,943)
Impact of foreign exchange	(19)	12
Customer Relationships [Member] | Accumulated amortization and impairment [Member]
Intangible Assets (Details) - Schedule of finite life intangible assets [Line Items]
Accumulated amortization and impairment at beginning of year	(140,891)	(137,917)
Accumulated amortization and impairment at ending of year	(147,772)	(140,891)
Amortization	(6,894)	(6,847)
Disposals/retirements		3,943
Impact of foreign exchange	13	(70)
Customer Contracts [Member]
Intangible Assets (Details) - Schedule of finite life intangible assets [Line Items]
Net carrying values	4,228	5,073
Customer Contracts [Member] | Cost [Member]
Intangible Assets (Details) - Schedule of finite life intangible assets [Line Items]
Cost at beginning of year	12,618	12,858
Cost at ending of year	12,618	12,618
Additions
Disposals/retirements		(240)
Impact of foreign exchange
Customer Contracts [Member] | Accumulated amortization and impairment [Member]
Intangible Assets (Details) - Schedule of finite life intangible assets [Line Items]
Accumulated amortization and impairment at beginning of year	(7,545)	(6,951)
Accumulated amortization and impairment at ending of year	(8,390)	(7,545)
Amortization	(845)	(834)
Disposals/retirements		240
Impact of foreign exchange
Transponder Rights [Member]
Intangible Assets (Details) - Schedule of finite life intangible assets [Line Items]
Net carrying values	1,618	2,696
Transponder Rights [Member] | Cost [Member]
Intangible Assets (Details) - Schedule of finite life intangible assets [Line Items]
Cost at beginning of year	16,718	16,718
Cost at ending of year	16,718	16,718
Additions
Disposals/retirements
Impact of foreign exchange
Transponder Rights [Member] | Accumulated amortization and impairment [Member]
Intangible Assets (Details) - Schedule of finite life intangible assets [Line Items]
Accumulated amortization and impairment at beginning of year	(14,022)	(12,944)
Accumulated amortization and impairment at ending of year	(15,100)	(14,022)
Amortization	(1,078)	(1,078)
Disposals/retirements
Impact of foreign exchange
Concession Rights [Member]
Intangible Assets (Details) - Schedule of finite life intangible assets [Line Items]
Net carrying values	12,643	15,114
Concession Rights [Member] | Cost [Member]
Intangible Assets (Details) - Schedule of finite life intangible assets [Line Items]
Cost at beginning of year	22,914	30,148
Cost at ending of year	21,077	22,914
Additions	75	24
Disposals/retirements	(411)
Impact of foreign exchange	(1,501)	(7,258)
Concession Rights [Member] | Accumulated amortization and impairment [Member]
Intangible Assets (Details) - Schedule of finite life intangible assets [Line Items]
Accumulated amortization and impairment at beginning of year	(7,800)	(8,240)
Accumulated amortization and impairment at ending of year	(8,434)	(7,800)
Amortization	(1,453)	(2,235)
Disposals/retirements	411
Impact of foreign exchange	408	2,675
Software [Member]
Intangible Assets (Details) - Schedule of finite life intangible assets [Line Items]
Net carrying values	2,493
Software [Member] | Cost [Member]
Intangible Assets (Details) - Schedule of finite life intangible assets [Line Items]
Cost at beginning of year
Cost at ending of year	2,770
Additions	2,770
Disposals/retirements
Impact of foreign exchange
Software [Member] | Accumulated amortization and impairment [Member]
Intangible Assets (Details) - Schedule of finite life intangible assets [Line Items]
Accumulated amortization and impairment at beginning of year
Accumulated amortization and impairment at ending of year	(277)
Amortization	(277)
Disposals/retirements
Impact of foreign exchange
Others [Member]
Intangible Assets (Details) - Schedule of finite life intangible assets [Line Items]
Net carrying values	12	16
Others [Member] | Cost [Member]
Intangible Assets (Details) - Schedule of finite life intangible assets [Line Items]
Cost at beginning of year	59	59
Cost at ending of year	59	59
Additions
Disposals/retirements
Impact of foreign exchange
Others [Member] | Accumulated amortization and impairment [Member]
Intangible Assets (Details) - Schedule of finite life intangible assets [Line Items]
Accumulated amortization and impairment at beginning of year	(43)	(40)
Accumulated amortization and impairment at ending of year	(47)	(43)
Amortization	(4)	(3)
Disposals/retirements
Impact of foreign exchange

Intangible Assets (Details) -_3

Intangible Assets (Details) - Schedule of indefinite and finite life intangible assets - CAD ($) $ in Thousands	Dec. 31, 2021	Dec. 31, 2020
Intangible Assets (Details) - Schedule of indefinite and finite life intangible assets [Line Items]
Total intangibles	$ 764,078	$ 779,190
Cost [Member]
Intangible Assets (Details) - Schedule of indefinite and finite life intangible assets [Line Items]
Total intangibles	1,159,769	1,159,572
Accumulated Amortization and Impairment [Member]
Intangible Assets (Details) - Schedule of indefinite and finite life intangible assets [Line Items]
Total intangibles	(395,691)	(380,382)
Net Carrying Value [Member]
Intangible Assets (Details) - Schedule of indefinite and finite life intangible assets [Line Items]
Total intangibles	764,078
Indefinite life intangibles [Member]
Intangible Assets (Details) - Schedule of indefinite and finite life intangible assets [Line Items]
Total intangibles		687,954
Indefinite life intangibles [Member] | Cost [Member]
Intangible Assets (Details) - Schedule of indefinite and finite life intangible assets [Line Items]
Total intangibles	688,337	689,054
Indefinite life intangibles [Member] | Accumulated Amortization and Impairment [Member]
Intangible Assets (Details) - Schedule of indefinite and finite life intangible assets [Line Items]
Total intangibles	(1,100)	(1,100)
Indefinite life intangibles [Member] | Net Carrying Value [Member]
Intangible Assets (Details) - Schedule of indefinite and finite life intangible assets [Line Items]
Total intangibles	687,237
Finite life intangibles [Member]
Intangible Assets (Details) - Schedule of indefinite and finite life intangible assets [Line Items]
Total intangibles		91,236
Finite life intangibles [Member] | Cost [Member]
Intangible Assets (Details) - Schedule of indefinite and finite life intangible assets [Line Items]
Total intangibles	471,432	470,518
Finite life intangibles [Member] | Accumulated Amortization and Impairment [Member]
Intangible Assets (Details) - Schedule of indefinite and finite life intangible assets [Line Items]
Total intangibles	(394,591)	$ (379,282)
Finite life intangibles [Member] | Net Carrying Value [Member]
Intangible Assets (Details) - Schedule of indefinite and finite life intangible assets [Line Items]
Total intangibles	$ 76,841

Intangible Assets (Details) -_4

Intangible Assets (Details) - Schedule of remaining useful lives of the intangible assets	12 Months Ended
	Dec. 31, 2021
Revenue Backlog [Member]
Intangible Assets (Details) - Schedule of remaining useful lives of the intangible assets [Line Items]
Remaining useful lives of intangible assets	3 years
Customer Relationships [Member] | Bottom of range [member]
Intangible Assets (Details) - Schedule of remaining useful lives of the intangible assets [Line Items]
Remaining useful lives of intangible assets	5 years
Customer Relationships [Member] | Top of range [member]
Intangible Assets (Details) - Schedule of remaining useful lives of the intangible assets [Line Items]
Remaining useful lives of intangible assets	7 years
Customer Contracts [Member]
Intangible Assets (Details) - Schedule of remaining useful lives of the intangible assets [Line Items]
Remaining useful lives of intangible assets	5 years
Transponder Rights [Member]
Intangible Assets (Details) - Schedule of remaining useful lives of the intangible assets [Line Items]
Remaining useful lives of intangible assets	1 year
Concession Rights [Member] | Bottom of range [member]
Intangible Assets (Details) - Schedule of remaining useful lives of the intangible assets [Line Items]
Remaining useful lives of intangible assets	1 year
Concession Rights [Member] | Top of range [member]
Intangible Assets (Details) - Schedule of remaining useful lives of the intangible assets [Line Items]
Remaining useful lives of intangible assets	15 years
Software [Member]
Intangible Assets (Details) - Schedule of remaining useful lives of the intangible assets [Line Items]
Remaining useful lives of intangible assets	5 years
Patent [Member]
Intangible Assets (Details) - Schedule of remaining useful lives of the intangible assets [Line Items]
Remaining useful lives of intangible assets	4 years

Intangible Assets (Details) -_5

Intangible Assets (Details) - Schedule of discount rates	Dec. 31, 2021	Dec. 31, 2020
Geo royalties [Member]
Intangible Assets (Details) - Schedule of discount rates [Line Items]
Discount rates	7.50%	8.00%
Leo royalties [Member]
Intangible Assets (Details) - Schedule of discount rates [Line Items]
Discount rates	17.50%	17.50%

Intangible Assets (Details) -_6

Intangible Assets (Details) - Schedule of growth rate assumptions	Dec. 31, 2021	Dec. 31, 2020
Geo [Member]
Intangible Assets (Details) - Schedule of growth rate assumptions [Line Items]
Growth rate assumptions
Leo [Member]
Intangible Assets (Details) - Schedule of growth rate assumptions [Line Items]
Growth rate assumptions	3.00%	3.00%

Goodwill (Details)

Goodwill (Details) $ in Millions	12 Months Ended
	Dec. 31, 2021CAD ($)
Disclosure of goodwill [text block] [Abstract]
Cost of goodwill (in Dollars)	$ 2,446.6
Geo discount rate percentage	0.50%
Leo discount rate percentage	2.50%

Goodwill (Details) - Schedule o

Goodwill (Details) - Schedule of management uses a weighted average cost of capital as a discount rate	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020
Geo [Member]
Goodwill (Details) - Schedule of management uses a weighted average cost of capital as a discount rate [Line Items]
Discount rate	7.50%	8.00%
Leo [Member]
Goodwill (Details) - Schedule of management uses a weighted average cost of capital as a discount rate [Line Items]
Discount rate	17.50%	17.50%
U.S. C-band clearing proceeds [Member]
Goodwill (Details) - Schedule of management uses a weighted average cost of capital as a discount rate [Line Items]
Discount rate	7.50%	8.00%

Trade and Other Payables (Detai

Trade and Other Payables (Details) - Schedule of trade and other payables - Trade and other payables [Member] - CAD ($) $ in Thousands		Dec. 31, 2021	Dec. 31, 2020
Trade and Other Payables (Details) - Schedule of trade and other payables [Line Items]
Trade payables		$ 3,456	$ 5,393
Other payables and accrued liabilities	[1]	50,305	24,698
Trade and other payables		$ 53,761	$ 30,091
[1]	Other payables and accrued liabilities included payables that are not trade in nature as well as various operating and capital accruals.

Other Current Financial Liabi_3

Other Current Financial Liabilities (Details) - Schedule of other current financial liabilities - CAD ($) $ in Thousands		Dec. 31, 2021	Dec. 31, 2020
Schedule of other current financial liabilities [Abstract]
Derivative liabilities (Note 29)		$ 5,367	$ 12,581
Security deposits		875	1,141
Satellite performance incentive payments		7,485	7,996
Interest payable	[1]	19,814	12,046
Other		3,106	2,116
Other current financial liabilities		$ 36,647	$ 35,880
[1]	Interest payable included interest payable on indebtedness and satellite performance incentive payments.

Other Current Liabilities (Deta

Other Current Liabilities (Details) - Schedule of other current liabilities - CAD ($) $ in Thousands	Dec. 31, 2021	Dec. 31, 2020
Schedule of other current liabilities [Abstract]
Deferred revenue	$ 78,157	$ 81,759
Decommissioning liabilities	991	790
Uncertain tax positions	1,315	1,315
Lease liabilities	1,949	2,131
Other	2,656	2,834
Other current liabilities	$ 85,068	$ 88,829

Other Long-Term Financial Lia_3

Other Long-Term Financial Liabilities (Details) - Schedule of other long-term financial liabilities - CAD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020
Schedule of other long-term financial liabilities [Abstract]
Derivative liabilities (Note 29)		$ 5,448
Security deposits	976	473
Satellite performance incentive payments	22,859	29,578
Other long-term financial liabilities	$ 23,835	$ 35,499

Other Long-Term Liabilities (De

Other Long-Term Liabilities (Details) - CAD ($) $ in Millions	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020
Disclosure of other non-current liabilities [text block] [Abstract]
Current and long-term decommissioning liabilities	$ 3.4	$ 3.9
Interest expense	0.1	0.1
Decommissioning liabilities	$ 0.6
Decommissioning liabilities, description	It is expected that the decommissioning liabilities will mature between 2022 and 2062.
Interest payments	$ 15.7

Other Long-Term Liabilities (_2

Other Long-Term Liabilities (Details) - Schedule of other long-term liabilities - Other Long-Term Liabilities [Member] - CAD ($) $ in Thousands		12 Months Ended
		Dec. 31, 2021	Dec. 31, 2020
Other Long-Term Liabilities (Details) - Schedule of other long-term liabilities [Line Items]
Deferred revenue	[1]	$ 289,926	$ 332,363
Accrued benefit liabilities (Note 31)		45,221	47,984
Uncertain tax positions		175	175
Decommissioning liabilities	[2]	2,402	3,145
Lease liabilities		33,729	26,920
Other long-term liabilities		$ 371,453	$ 410,587
[1]	Remaining performance obligations, which the Company also refers to as contract revenue backlog (“backlog”) represents the expected future revenue under existing customer contracts, includes both cancellable and non -cancellable
[2]	The current and long -term Nil

Other Long-Term Liabilities (_3

Other Long-Term Liabilities (Details) - Schedule of expects the backlog $ in Thousands	12 Months Ended
	Dec. 31, 2021CAD ($)
Backlog [Member]
Other Long-Term Liabilities (Details) - Schedule of expects the backlog [Line Items]
2022	$ 582
2023	461
2024	313
2025	219
2026	185
Thereafter	372
Total	2,132
Expected undiscounted contractual cash flows [Member]
Other Long-Term Liabilities (Details) - Schedule of expects the backlog [Line Items]
2022	3,504
2023	3,580
2024	3,446
2025	3,180
2026	2,960
Thereafter	34,990
Total	$ 51,660

Indebtedness (Details)

Indebtedness (Details) $ in Thousands, $ in Millions

Dec. 06, 2019USD ($)

Dec. 06, 2019CAD ($)

Dec. 06, 2019USD ($)

Oct. 11, 2019CAD ($)

Oct. 11, 2019USD ($)

Apr. 27, 2021CAD ($)

Dec. 31, 2021CAD ($)

Dec. 31, 2021USD ($)

Dec. 31, 2020CAD ($)

Dec. 31, 2020USD ($)

Dec. 31, 2019CAD ($)

Dec. 31, 2021USD ($)

Apr. 27, 2021USD ($)

Dec. 06, 2019USD ($)

Indebtedness (Details) [Line Items]

Debt issue costs

$ 6,834

$ 28,082

Description of notes

The 2026 Senior Secured Notes are secured, subject to certain exceptions, by the assets of Telesat Canada and the Guarantors.

The 2026 Senior Secured Notes are secured, subject to certain exceptions, by the assets of Telesat Canada and the Guarantors.

Senior secured credit facilities

$ 1,908.5

Interest rate on borrowing

2.04%

2.04%

Issued

$ 42,851

155,698

Total balance

$ 3,792,597

3,187,152

Average effective tax in percentage

5.79%

5.79%

Deferred financing costs

$ 151,919

6.5% Senior Notes [Member]

Indebtedness (Details) [Line Items]

Debt issue costs

$ 7,400

Borrowings maturity date, description

which mature in October 2027

which mature in October 2027

Description of notes

The Senior Notes are structurally subordinated to Telesat Canada’s existing and future secured indebtedness, including obligations under its Senior Secured Credit Facilities and Senior Secured Notes. The Senior Notes are governed by the Senior Notes Indenture. With the proceeds from the Senior Notes offering, along with available cash on hand, all outstanding amounts, including redemption premium and discounted interest to November 15, 2019, were repaid on October 11, 2019, on the US$500 million 8.875% Senior Notes. Any unamortized deferred financing costs and prepayment options were written off upon repayment of the 8.875% Senior Notes.

The Senior Notes are structurally subordinated to Telesat Canada’s existing and future secured indebtedness, including obligations under its Senior Secured Credit Facilities and Senior Secured Notes. The Senior Notes are governed by the Senior Notes Indenture. With the proceeds from the Senior Notes offering, along with available cash on hand, all outstanding amounts, including redemption premium and discounted interest to November 15, 2019, were repaid on October 11, 2019, on the US$500 million 8.875% Senior Notes. Any unamortized deferred financing costs and prepayment options were written off upon repayment of the 8.875% Senior Notes.

Due date description

The Senior Notes are due in October 2027 and were entered into on October 11, 2019.

The Senior Notes are due in October 2027 and were entered into on October 11, 2019.

Total balance

$ 550

4.875% Senior Secured Notes [Member]

Indebtedness (Details) [Line Items]

Debt issue costs

$ 400

Description of notes

The 2026 Senior Secured Notes are guaranteed by the Company and certain Guarantors. The 2026 Senior Secured Notes are governed by the 2026 Senior Secured Notes Indenture. The obligations under the 2026 Senior Secured Notes Indenture are secured, subject to certain exceptions, by first priority liens and security interest in the assets of Telesat Canada and the Guarantors. The 2026 Senior Secured Notes include covenants or terms that restricts the Company’s ability to, among other things: (i) incur or guarantee additional indebtedness, or issue disqualified stock or preferred shares, (ii) incur liens, (iii) pay dividends, or make certain restricted payments or investments, (iv) enter into certain transactions with affiliates, (v) modify or cancel satellite insurance, (vi) consolidate, merge, sell or otherwise dispose of substantially all assets, (vii) create restrictions on the ability to pay dividends, make loans, and sell assets, and (viii) designate subsidiaries as unrestricted subsidiaries.The 2026 Senior Secured Notes bear interest from the issue date, payable on June 1 and December 1 of each year, which commenced on December 1, 2021, to holders of record on the immediately preceding May 15 or November 15, as the case may be.The prepayment options associated with the 2026 Senior Secured Notes were fair valued at the time of debt issuance. The initial fair value impact, as at April 27, 2021, of the prepayment option related to the 2026 Senior Secured Notes was a $1.9 million increase to the indebtedness. This liability is subsequently amortized using the effective interest method.The former senior secured credit facilities were fully repaid on December 6, 2019 from the new amended and restated Credit Agreement in the amount of US$1,908.5 million and the US$400 million Senior Secured Notes. Any unamortized deferred financing costs, interest rate floors, and net gain on repricing/repayment were written off upon repayment of the former senior secured credit facilities.In December 2020, the Company made a US$341.4 million prepayment on the Term Loan B — U.S. Facility. The prepayment was applied to all mandatory future quarterly principal repayments, with the remaining balance of the prepayment being applied towards the principal amount outstanding on maturity. The prepayment resulted in the recognition of a loss of $2.3 million, which was recorded against interest and other income and indebtedness. The loss recorded against the indebtedness is subsequently amortized to interest expense using the effective interest method.(a)     The Senior Secured Credit Facilities, which were entered into on December 6, 2019, are secured by substantially all of Telesat Canada’s assets. The Credit Agreement requires Telesat Canada and the Guarantors to comply with a First Lien Net Leverage Ratio if the Revolving Credit Facility is drawn by more than 35% of the Credit Facility amount. As at December 31, 2021 and 2020, Telesat Canada was in compliance with this covenant.The Senior Secured Credit Facilities, have two tranches which are described below:(i)     A Revolving Credit Facility (“Revolving Facility”) of up to $200.0 million U.S. dollars (or Canadian dollar equivalent) is available to Telesat Canada maturing in December 2024. This Revolving Facility is available to be drawn at any time in U.S. funds or Canadian dollar equivalent funds. Loans under the Revolving Facility bear interest at a floating interest rate. For Canadian Prime Rate and Alternative Base Rate (“ABR”) loans, an applicable margin ranging from 0.75% to 1.25% is applied to the Prime Rate and ABR as these interest rates are defined in the Senior Credit Facilities. For Bankers Acceptance (“BA”) Loans and Eurodollar Loans, an applicable margin ranging from 1.75% to 2.25% is applied to either the BA interest rate or LIBOR. The rates on the Revolving Facility vary depending upon the results of the first lien leverage ratio. The Revolving Facility has an unused commitment fee that ranges from 25.0 to 37.5 basis points per annum, depending upon the result of the total leverage ratio. As at December 31, 2021, other than $0.2 million (December 31, 2020 — $0.2 million) in drawings related to letters of credit, there were no borrowings under this facility.(ii)    The U.S. TLB Facility is a US$1,908.5 million facility maturing in December 2026. The borrowings under the U.S. TLB Facility bear interest at a floating rate of either: (i) LIBOR as periodically determined for interest rate periods selected by Telesat Canada in accordance with the terms of the Senior Secured Credit Facilities, plus an applicable margin of 2.75%; or (ii) Alternative Base Rate as determined in accordance with the terms of the Senior Secured Credit Facilities plus an applicable margin of 1.75%. The mandatory principal repayment is equal to 0.25% of the original aggregate principal amount, payable on the last day of each quarter, commencing on March 31, 2020. As a result of the prepayment made in December 2020, mandatory quarterly principal repayments are no longer be required. The weighted average effective interest rate for the year ended December 31, 2021 was 2.96% (December 31, 2020 — 3.63%).(b)    The Senior Notes bear interest at an annual rate of 6.5% with interest payments payable in April and October, annually, which commenced in April 2020. The Senior Notes are due in October 2027 and were entered into on October 11, 2019. The total balance of the Senior Notes is US$550.0 million. The Senior Notes include covenants or terms that restrict the Company’s ability to, among other things: (i) incur or guarantee additional indebtedness, or issue disqualified stock or preferred shares, (ii) incur liens, (iii) pay dividends, or make certain restricted payments or investments, (iv) enter into certain transactions with affiliates, (v) modify or cancel satellite insurance, (vi) consolidate, merge, sell or otherwise dispose of substantially all assets, (vii) create restrictions on the ability to pay dividends, make loans, and sell assets, and (viii) designate subsidiaries as unrestricted subsidiaries. The weighted average effective interest rate for the year ended December 31, 2021 and 2020 was 6.27%.(c)     The Senior Secured Notes bear interest at an annual rate of 4.875% with interest payable on June 1 and December 1, annually, which commenced in June 2020. The Senior Secured Notes are due in June 2027 and were entered into on December 6, 2019. The total balance of the Senior Secured Notes is US$400.0 million. The Senior Secured Notes are secured, subject to certain exceptions, by the assets of Telesat Canada and the Guarantors. The Senior Secured Notes include covenants or terms that restrict the Company’s ability to, among other things: (i) incur or guarantee additional indebtedness, or issue disqualified stock or preferred shares, (ii) incur liens, (iii) pay dividends, or make certain restricted payments or investments, (iv) enter into certain transactions with affiliates, (v) modify or cancel satellite insurance, (vi) consolidate, merge, sell or otherwise dispose of substantially all assets, (vii) create restrictions on the ability to pay dividends, make loans, and sell assets, and (viii) designate subsidiaries as unrestricted subsidiaries. The weighted average effective interest rate for the year ended December 31, 2021 and 2020 was 4.76%.(d)    The 2026 Senior Secured Notes bear interest at an annual rate of 5.625% with interest payable on June 1 and December 1, which commenced in December 2021. The 2026 Senior Secured Notes are due in December 2026 and were entered into on April 27, 2021. The total balance of the 2026 Senior Secured Notes is US$500.0 million. The 2026 Senior Secured Notes are secured, subject to certain exceptions, by the assets of Telesat Canada and the Guarantors. The indenture governing the 2026 Senior Secured Notes includes covenants and terms that restrict Telesat Canada’s ability to, among other things, incur additional indebtedness, incur liens, pay dividends or make certain other restricted payments, investments or acquisitions, enter into certain transactions with affiliates, modify or cancel its satellite insurance, effect mergers with another entity, and redeem the 2026 Senior Secured Notes, without penalty, before December 6, 2022, in each case subject to exceptions provided in such indenture. The weighted average effective interest rate for the 249-day period ended December 31, 2021 was 5.79%.(e)     The Senior Secured Credit Facilities, Senior Notes, Senior Secured Notes and 2026 Senior Secured Notes included the following deferred financing costs and prepayment options:(i)     The U.S. TLB Facility, Senior Notes, Senior Secured Notes and 2026 Senior Secured Notes were presented on the balance sheet net of related deferred financing costs of $27.4 million as at December 31, 2021 (December 31, 2020 — $24.9 million). The deferred financing costs are amortized using the effective interest method.(ii)    The U.S. TLB Facility was presented on the balance sheet net of the loss on repayment of $1.9 million as at December 31, 2021 (December 31, 2020 — $2.3 million).(iii)   The indenture agreement for the Senior Notes contained provisions for certain prepayment options which were fair valued at the time of debt issuance. The initial fair value impact, as at October 11, 2019, of the prepayment option related to the Senior Notes was a $17.8 million increase to the indebtedness. This liability is subsequently amortized using the effective interest method and had a carrying amount of $13.7 million as at December 31, 2021 (December 31, 2020 — $15.7 million).(iv)   The indenture agreement for the Senior Secured Notes contained provisions for certain prepayment options which were fair valued at the time of debt issuance. The initial fair value impact, as at December 6, 2019, of the prepayment option related to the Senior Secured Notes was a $10.6 million increase to the indebtedness. This liability is subsequently amortized using the effective interest method and had a carrying amount of $8.0 million as at December 31, 2021 (December 31, 2020 — $9.3 million).(v)    The indenture agreement for the 2026 Senior Secured Notes contained provisions for certain prepayment options which were fair valued at the time of debt issuance. The initial fair value impact, as at April 27, 2021, of the prepayment option related to the 2026 Senior Secured Notes was a $1.9 million increase to the indebtedness.

The 2026 Senior Secured Notes are guaranteed by the Company and certain Guarantors. The 2026 Senior Secured Notes are governed by the 2026 Senior Secured Notes Indenture. The obligations under the 2026 Senior Secured Notes Indenture are secured, subject to certain exceptions, by first priority liens and security interest in the assets of Telesat Canada and the Guarantors. The 2026 Senior Secured Notes include covenants or terms that restricts the Company’s ability to, among other things: (i) incur or guarantee additional indebtedness, or issue disqualified stock or preferred shares, (ii) incur liens, (iii) pay dividends, or make certain restricted payments or investments, (iv) enter into certain transactions with affiliates, (v) modify or cancel satellite insurance, (vi) consolidate, merge, sell or otherwise dispose of substantially all assets, (vii) create restrictions on the ability to pay dividends, make loans, and sell assets, and (viii) designate subsidiaries as unrestricted subsidiaries.The 2026 Senior Secured Notes bear interest from the issue date, payable on June 1 and December 1 of each year, which commenced on December 1, 2021, to holders of record on the immediately preceding May 15 or November 15, as the case may be.The prepayment options associated with the 2026 Senior Secured Notes were fair valued at the time of debt issuance. The initial fair value impact, as at April 27, 2021, of the prepayment option related to the 2026 Senior Secured Notes was a $1.9 million increase to the indebtedness. This liability is subsequently amortized using the effective interest method.The former senior secured credit facilities were fully repaid on December 6, 2019 from the new amended and restated Credit Agreement in the amount of US$1,908.5 million and the US$400 million Senior Secured Notes. Any unamortized deferred financing costs, interest rate floors, and net gain on repricing/repayment were written off upon repayment of the former senior secured credit facilities.In December 2020, the Company made a US$341.4 million prepayment on the Term Loan B — U.S. Facility. The prepayment was applied to all mandatory future quarterly principal repayments, with the remaining balance of the prepayment being applied towards the principal amount outstanding on maturity. The prepayment resulted in the recognition of a loss of $2.3 million, which was recorded against interest and other income and indebtedness. The loss recorded against the indebtedness is subsequently amortized to interest expense using the effective interest method.(a)     The Senior Secured Credit Facilities, which were entered into on December 6, 2019, are secured by substantially all of Telesat Canada’s assets. The Credit Agreement requires Telesat Canada and the Guarantors to comply with a First Lien Net Leverage Ratio if the Revolving Credit Facility is drawn by more than 35% of the Credit Facility amount. As at December 31, 2021 and 2020, Telesat Canada was in compliance with this covenant.The Senior Secured Credit Facilities, have two tranches which are described below:(i)     A Revolving Credit Facility (“Revolving Facility”) of up to $200.0 million U.S. dollars (or Canadian dollar equivalent) is available to Telesat Canada maturing in December 2024. This Revolving Facility is available to be drawn at any time in U.S. funds or Canadian dollar equivalent funds. Loans under the Revolving Facility bear interest at a floating interest rate. For Canadian Prime Rate and Alternative Base Rate (“ABR”) loans, an applicable margin ranging from 0.75% to 1.25% is applied to the Prime Rate and ABR as these interest rates are defined in the Senior Credit Facilities. For Bankers Acceptance (“BA”) Loans and Eurodollar Loans, an applicable margin ranging from 1.75% to 2.25% is applied to either the BA interest rate or LIBOR. The rates on the Revolving Facility vary depending upon the results of the first lien leverage ratio. The Revolving Facility has an unused commitment fee that ranges from 25.0 to 37.5 basis points per annum, depending upon the result of the total leverage ratio. As at December 31, 2021, other than $0.2 million (December 31, 2020 — $0.2 million) in drawings related to letters of credit, there were no borrowings under this facility.(ii)    The U.S. TLB Facility is a US$1,908.5 million facility maturing in December 2026. The borrowings under the U.S. TLB Facility bear interest at a floating rate of either: (i) LIBOR as periodically determined for interest rate periods selected by Telesat Canada in accordance with the terms of the Senior Secured Credit Facilities, plus an applicable margin of 2.75%; or (ii) Alternative Base Rate as determined in accordance with the terms of the Senior Secured Credit Facilities plus an applicable margin of 1.75%. The mandatory principal repayment is equal to 0.25% of the original aggregate principal amount, payable on the last day of each quarter, commencing on March 31, 2020. As a result of the prepayment made in December 2020, mandatory quarterly principal repayments are no longer be required. The weighted average effective interest rate for the year ended December 31, 2021 was 2.96% (December 31, 2020 — 3.63%).(b)    The Senior Notes bear interest at an annual rate of 6.5% with interest payments payable in April and October, annually, which commenced in April 2020. The Senior Notes are due in October 2027 and were entered into on October 11, 2019. The total balance of the Senior Notes is US$550.0 million. The Senior Notes include covenants or terms that restrict the Company’s ability to, among other things: (i) incur or guarantee additional indebtedness, or issue disqualified stock or preferred shares, (ii) incur liens, (iii) pay dividends, or make certain restricted payments or investments, (iv) enter into certain transactions with affiliates, (v) modify or cancel satellite insurance, (vi) consolidate, merge, sell or otherwise dispose of substantially all assets, (vii) create restrictions on the ability to pay dividends, make loans, and sell assets, and (viii) designate subsidiaries as unrestricted subsidiaries. The weighted average effective interest rate for the year ended December 31, 2021 and 2020 was 6.27%.(c)     The Senior Secured Notes bear interest at an annual rate of 4.875% with interest payable on June 1 and December 1, annually, which commenced in June 2020. The Senior Secured Notes are due in June 2027 and were entered into on December 6, 2019. The total balance of the Senior Secured Notes is US$400.0 million. The Senior Secured Notes are secured, subject to certain exceptions, by the assets of Telesat Canada and the Guarantors. The Senior Secured Notes include covenants or terms that restrict the Company’s ability to, among other things: (i) incur or guarantee additional indebtedness, or issue disqualified stock or preferred shares, (ii) incur liens, (iii) pay dividends, or make certain restricted payments or investments, (iv) enter into certain transactions with affiliates, (v) modify or cancel satellite insurance, (vi) consolidate, merge, sell or otherwise dispose of substantially all assets, (vii) create restrictions on the ability to pay dividends, make loans, and sell assets, and (viii) designate subsidiaries as unrestricted subsidiaries. The weighted average effective interest rate for the year ended December 31, 2021 and 2020 was 4.76%.(d)    The 2026 Senior Secured Notes bear interest at an annual rate of 5.625% with interest payable on June 1 and December 1, which commenced in December 2021. The 2026 Senior Secured Notes are due in December 2026 and were entered into on April 27, 2021. The total balance of the 2026 Senior Secured Notes is US$500.0 million. The 2026 Senior Secured Notes are secured, subject to certain exceptions, by the assets of Telesat Canada and the Guarantors. The indenture governing the 2026 Senior Secured Notes includes covenants and terms that restrict Telesat Canada’s ability to, among other things, incur additional indebtedness, incur liens, pay dividends or make certain other restricted payments, investments or acquisitions, enter into certain transactions with affiliates, modify or cancel its satellite insurance, effect mergers with another entity, and redeem the 2026 Senior Secured Notes, without penalty, before December 6, 2022, in each case subject to exceptions provided in such indenture. The weighted average effective interest rate for the 249-day period ended December 31, 2021 was 5.79%.(e)     The Senior Secured Credit Facilities, Senior Notes, Senior Secured Notes and 2026 Senior Secured Notes included the following deferred financing costs and prepayment options:(i)     The U.S. TLB Facility, Senior Notes, Senior Secured Notes and 2026 Senior Secured Notes were presented on the balance sheet net of related deferred financing costs of $27.4 million as at December 31, 2021 (December 31, 2020 — $24.9 million). The deferred financing costs are amortized using the effective interest method.(ii)    The U.S. TLB Facility was presented on the balance sheet net of the loss on repayment of $1.9 million as at December 31, 2021 (December 31, 2020 — $2.3 million).(iii)   The indenture agreement for the Senior Notes contained provisions for certain prepayment options which were fair valued at the time of debt issuance. The initial fair value impact, as at October 11, 2019, of the prepayment option related to the Senior Notes was a $17.8 million increase to the indebtedness. This liability is subsequently amortized using the effective interest method and had a carrying amount of $13.7 million as at December 31, 2021 (December 31, 2020 — $15.7 million).(iv)   The indenture agreement for the Senior Secured Notes contained provisions for certain prepayment options which were fair valued at the time of debt issuance. The initial fair value impact, as at December 6, 2019, of the prepayment option related to the Senior Secured Notes was a $10.6 million increase to the indebtedness. This liability is subsequently amortized using the effective interest method and had a carrying amount of $8.0 million as at December 31, 2021 (December 31, 2020 — $9.3 million).(v)    The indenture agreement for the 2026 Senior Secured Notes contained provisions for certain prepayment options which were fair valued at the time of debt issuance. The initial fair value impact, as at April 27, 2021, of the prepayment option related to the 2026 Senior Secured Notes was a $1.9 million increase to the indebtedness.

Due date description

The Senior Secured Notes are due in June 2027 and were entered into on December 6, 2019.

The Senior Secured Notes are due in June 2027 and were entered into on December 6, 2019.

Total balance

400

5.625% Senior Secured Notes [Member]

Indebtedness (Details) [Line Items]

Debt issue costs

$ 6,800

Description of notes

The 2026 Senior Secured Notes are guaranteed by the Company and certain Guarantors. The 2026 Senior Secured Notes are governed by the 2026 Senior Secured Notes Indenture. The obligations under the 2026 Senior Secured Notes Indenture are secured, subject to certain exceptions, by first priority liens and security interest in the assets of Telesat Canada and the Guarantors. The 2026 Senior Secured Notes include covenants or terms that restricts the Company’s ability to, among other things: (i) incur or guarantee additional indebtedness, or issue disqualified stock or preferred shares, (ii) incur liens, (iii) pay dividends, or make certain restricted payments or investments, (iv) enter into certain transactions with affiliates, (v) modify or cancel satellite insurance, (vi) consolidate, merge, sell or otherwise dispose of substantially all assets, (vii) create restrictions on the ability to pay dividends, make loans, and sell assets, and (viii) designate subsidiaries as unrestricted subsidiaries.The 2026 Senior Secured Notes bear interest from the issue date, payable on June 1 and December 1 of each year, which commenced on December 1, 2021, to holders of record on the immediately preceding May 15 or November 15, as the case may be.The prepayment options associated with the 2026 Senior Secured Notes were fair valued at the time of debt issuance. The initial fair value impact, as at April 27, 2021, of the prepayment option related to the 2026 Senior Secured Notes was a $1.9 million increase to the indebtedness. This liability is subsequently amortized using the effective interest method.The former senior secured credit facilities were fully repaid on December 6, 2019 from the new amended and restated Credit Agreement in the amount of US$1,908.5 million and the US$400 million Senior Secured Notes. Any unamortized deferred financing costs, interest rate floors, and net gain on repricing/repayment were written off upon repayment of the former senior secured credit facilities.In December 2020, the Company made a US$341.4 million prepayment on the Term Loan B — U.S. Facility. The prepayment was applied to all mandatory future quarterly principal repayments, with the remaining balance of the prepayment being applied towards the principal amount outstanding on maturity. The prepayment resulted in the recognition of a loss of $2.3 million, which was recorded against interest and other income and indebtedness. The loss recorded against the indebtedness is subsequently amortized to interest expense using the effective interest method.(a)     The Senior Secured Credit Facilities, which were entered into on December 6, 2019, are secured by substantially all of Telesat Canada’s assets. The Credit Agreement requires Telesat Canada and the Guarantors to comply with a First Lien Net Leverage Ratio if the Revolving Credit Facility is drawn by more than 35% of the Credit Facility amount. As at December 31, 2021 and 2020, Telesat Canada was in compliance with this covenant.The Senior Secured Credit Facilities, have two tranches which are described below:(i)     A Revolving Credit Facility (“Revolving Facility”) of up to $200.0 million U.S. dollars (or Canadian dollar equivalent) is available to Telesat Canada maturing in December 2024. This Revolving Facility is available to be drawn at any time in U.S. funds or Canadian dollar equivalent funds. Loans under the Revolving Facility bear interest at a floating interest rate. For Canadian Prime Rate and Alternative Base Rate (“ABR”) loans, an applicable margin ranging from 0.75% to 1.25% is applied to the Prime Rate and ABR as these interest rates are defined in the Senior Credit Facilities. For Bankers Acceptance (“BA”) Loans and Eurodollar Loans, an applicable margin ranging from 1.75% to 2.25% is applied to either the BA interest rate or LIBOR. The rates on the Revolving Facility vary depending upon the results of the first lien leverage ratio. The Revolving Facility has an unused commitment fee that ranges from 25.0 to 37.5 basis points per annum, depending upon the result of the total leverage ratio. As at December 31, 2021, other than $0.2 million (December 31, 2020 — $0.2 million) in drawings related to letters of credit, there were no borrowings under this facility.(ii)    The U.S. TLB Facility is a US$1,908.5 million facility maturing in December 2026. The borrowings under the U.S. TLB Facility bear interest at a floating rate of either: (i) LIBOR as periodically determined for interest rate periods selected by Telesat Canada in accordance with the terms of the Senior Secured Credit Facilities, plus an applicable margin of 2.75%; or (ii) Alternative Base Rate as determined in accordance with the terms of the Senior Secured Credit Facilities plus an applicable margin of 1.75%. The mandatory principal repayment is equal to 0.25% of the original aggregate principal amount, payable on the last day of each quarter, commencing on March 31, 2020. As a result of the prepayment made in December 2020, mandatory quarterly principal repayments are no longer be required. The weighted average effective interest rate for the year ended December 31, 2021 was 2.96% (December 31, 2020 — 3.63%).(b)    The Senior Notes bear interest at an annual rate of 6.5% with interest payments payable in April and October, annually, which commenced in April 2020. The Senior Notes are due in October 2027 and were entered into on October 11, 2019. The total balance of the Senior Notes is US$550.0 million. The Senior Notes include covenants or terms that restrict the Company’s ability to, among other things: (i) incur or guarantee additional indebtedness, or issue disqualified stock or preferred shares, (ii) incur liens, (iii) pay dividends, or make certain restricted payments or investments, (iv) enter into certain transactions with affiliates, (v) modify or cancel satellite insurance, (vi) consolidate, merge, sell or otherwise dispose of substantially all assets, (vii) create restrictions on the ability to pay dividends, make loans, and sell assets, and (viii) designate subsidiaries as unrestricted subsidiaries. The weighted average effective interest rate for the year ended December 31, 2021 and 2020 was 6.27%.(c)     The Senior Secured Notes bear interest at an annual rate of 4.875% with interest payable on June 1 and December 1, annually, which commenced in June 2020. The Senior Secured Notes are due in June 2027 and were entered into on December 6, 2019. The total balance of the Senior Secured Notes is US$400.0 million. The Senior Secured Notes are secured, subject to certain exceptions, by the assets of Telesat Canada and the Guarantors. The Senior Secured Notes include covenants or terms that restrict the Company’s ability to, among other things: (i) incur or guarantee additional indebtedness, or issue disqualified stock or preferred shares, (ii) incur liens, (iii) pay dividends, or make certain restricted payments or investments, (iv) enter into certain transactions with affiliates, (v) modify or cancel satellite insurance, (vi) consolidate, merge, sell or otherwise dispose of substantially all assets, (vii) create restrictions on the ability to pay dividends, make loans, and sell assets, and (viii) designate subsidiaries as unrestricted subsidiaries. The weighted average effective interest rate for the year ended December 31, 2021 and 2020 was 4.76%.(d)    The 2026 Senior Secured Notes bear interest at an annual rate of 5.625% with interest payable on June 1 and December 1, which commenced in December 2021. The 2026 Senior Secured Notes are due in December 2026 and were entered into on April 27, 2021. The total balance of the 2026 Senior Secured Notes is US$500.0 million. The 2026 Senior Secured Notes are secured, subject to certain exceptions, by the assets of Telesat Canada and the Guarantors. The indenture governing the 2026 Senior Secured Notes includes covenants and terms that restrict Telesat Canada’s ability to, among other things, incur additional indebtedness, incur liens, pay dividends or make certain other restricted payments, investments or acquisitions, enter into certain transactions with affiliates, modify or cancel its satellite insurance, effect mergers with another entity, and redeem the 2026 Senior Secured Notes, without penalty, before December 6, 2022, in each case subject to exceptions provided in such indenture. The weighted average effective interest rate for the 249-day period ended December 31, 2021 was 5.79%.(e)     The Senior Secured Credit Facilities, Senior Notes, Senior Secured Notes and 2026 Senior Secured Notes included the following deferred financing costs and prepayment options:(i)     The U.S. TLB Facility, Senior Notes, Senior Secured Notes and 2026 Senior Secured Notes were presented on the balance sheet net of related deferred financing costs of $27.4 million as at December 31, 2021 (December 31, 2020 — $24.9 million). The deferred financing costs are amortized using the effective interest method.(ii)    The U.S. TLB Facility was presented on the balance sheet net of the loss on repayment of $1.9 million as at December 31, 2021 (December 31, 2020 — $2.3 million).(iii)   The indenture agreement for the Senior Notes contained provisions for certain prepayment options which were fair valued at the time of debt issuance. The initial fair value impact, as at October 11, 2019, of the prepayment option related to the Senior Notes was a $17.8 million increase to the indebtedness. This liability is subsequently amortized using the effective interest method and had a carrying amount of $13.7 million as at December 31, 2021 (December 31, 2020 — $15.7 million).(iv)   The indenture agreement for the Senior Secured Notes contained provisions for certain prepayment options which were fair valued at the time of debt issuance. The initial fair value impact, as at December 6, 2019, of the prepayment option related to the Senior Secured Notes was a $10.6 million increase to the indebtedness. This liability is subsequently amortized using the effective interest method and had a carrying amount of $8.0 million as at December 31, 2021 (December 31, 2020 — $9.3 million).(v)    The indenture agreement for the 2026 Senior Secured Notes contained provisions for certain prepayment options which were fair valued at the time of debt issuance. The initial fair value impact, as at April 27, 2021,

The 2026 Senior Secured Notes bear interest from the issue date, payable on June 1 and December 1 of each year, which commenced on December 1, 2021, to holders of record on the immediately preceding May 15 or November 15, as the case may be.

The 2026 Senior Secured Notes bear interest from the issue date, payable on June 1 and December 1 of each year, which commenced on December 1, 2021, to holders of record on the immediately preceding May 15 or November 15, as the case may be.

Increase to indebtedness

$ 1,900

Due date description

The 2026 Senior Secured Notes are due in December 2026 and were entered into on April 27, 2021.

The 2026 Senior Secured Notes are due in December 2026 and were entered into on April 27, 2021.

Total balance

500

Indenture agreement

The initial fair value impact, as at April 27, 2021, of the prepayment option related to the 2026 Senior Secured Notes was a $1.9 million increase to the indebtedness. This liability is subsequently amortized using the effective interest method and had a carrying amount of $1.7 million as at December 31, 2021.

The initial fair value impact, as at April 27, 2021, of the prepayment option related to the 2026 Senior Secured Notes was a $1.9 million increase to the indebtedness. This liability is subsequently amortized using the effective interest method and had a carrying amount of $1.7 million as at December 31, 2021.

Telesat LLC [Member]

Indebtedness (Details) [Line Items]

Issued

$ 500

Borrowing maturity date

Dec. 6, 2026

Private Placement [Member]

Indebtedness (Details) [Line Items]

Debt issue costs

$ 400

$ 550

Interest rate on notes

4.875%

4.875%

6.50%

6.50%

Borrowings maturity date, description

which mature in June 2027

which mature in June 2027

Private Placement [Member] | 4.875% Senior Secured Notes [Member]

Indebtedness (Details) [Line Items]

Debt issue costs

$ 6,600

Description of notes

The 2026 Senior Secured Notes are guaranteed by the Company and certain Guarantors. The 2026 Senior Secured Notes are governed by the 2026 Senior Secured Notes Indenture. The obligations under the 2026 Senior Secured Notes Indenture are secured, subject to certain exceptions, by first priority liens and security interest in the assets of Telesat Canada and the Guarantors. The 2026 Senior Secured Notes include covenants or terms that restricts the Company’s ability to, among other things: (i) incur or guarantee additional indebtedness, or issue disqualified stock or preferred shares, (ii) incur liens, (iii) pay dividends, or make certain restricted payments or investments, (iv) enter into certain transactions with affiliates, (v) modify or cancel satellite insurance, (vi) consolidate, merge, sell or otherwise dispose of substantially all assets, (vii) create restrictions on the ability to pay dividends, make loans, and sell assets, and (viii) designate subsidiaries as unrestricted subsidiaries.The 2026 Senior Secured Notes bear interest from the issue date, payable on June 1 and December 1 of each year, which commenced on December 1, 2021, to holders of record on the immediately preceding May 15 or November 15, as the case may be.The prepayment options associated with the 2026 Senior Secured Notes were fair valued at the time of debt issuance. The initial fair value impact, as at April 27, 2021, of the prepayment option related to the 2026 Senior Secured Notes was a $1.9 million increase to the indebtedness. This liability is subsequently amortized using the effective interest method.The former senior secured credit facilities were fully repaid on December 6, 2019 from the new amended and restated Credit Agreement in the amount of US$1,908.5 million and the US$400 million Senior Secured Notes. Any unamortized deferred financing costs, interest rate floors, and net gain on repricing/repayment were written off upon repayment of the former senior secured credit facilities.In December 2020, the Company made a US$341.4 million prepayment on the Term Loan B — U.S. Facility. The prepayment was applied to all mandatory future quarterly principal repayments, with the remaining balance of the prepayment being applied towards the principal amount outstanding on maturity. The prepayment resulted in the recognition of a loss of $2.3 million, which was recorded against interest and other income and indebtedness. The loss recorded against the indebtedness is subsequently amortized to interest expense using the effective interest method.(a)     The Senior Secured Credit Facilities, which were entered into on December 6, 2019, are secured by substantially all of Telesat Canada’s assets. The Credit Agreement requires Telesat Canada and the Guarantors to comply with a First Lien Net Leverage Ratio if the Revolving Credit Facility is drawn by more than 35% of the Credit Facility amount. As at December 31, 2021 and 2020, Telesat Canada was in compliance with this covenant.The Senior Secured Credit Facilities, have two tranches which are described below:(i)     A Revolving Credit Facility (“Revolving Facility”) of up to $200.0 million U.S. dollars (or Canadian dollar equivalent) is available to Telesat Canada maturing in December 2024. This Revolving Facility is available to be drawn at any time in U.S. funds or Canadian dollar equivalent funds. Loans under the Revolving Facility bear interest at a floating interest rate. For Canadian Prime Rate and Alternative Base Rate (“ABR”) loans, an applicable margin ranging from 0.75% to 1.25% is applied to the Prime Rate and ABR as these interest rates are defined in the Senior Credit Facilities. For Bankers Acceptance (“BA”) Loans and Eurodollar Loans, an applicable margin ranging from 1.75% to 2.25% is applied to either the BA interest rate or LIBOR. The rates on the Revolving Facility vary depending upon the results of the first lien leverage ratio. The Revolving Facility has an unused commitment fee that ranges from 25.0 to 37.5 basis points per annum, depending upon the result of the total leverage ratio. As at December 31, 2021, other than $0.2 million (December 31, 2020 — $0.2 million) in drawings related to letters of credit, there were no borrowings under this facility.(ii)    The U.S. TLB Facility is a US$1,908.5 million facility maturing in December 2026. The borrowings under the U.S. TLB Facility bear interest at a floating rate of either: (i) LIBOR as periodically determined for interest rate periods selected by Telesat Canada in accordance with the terms of the Senior Secured Credit Facilities, plus an applicable margin of 2.75%; or (ii) Alternative Base Rate as determined in accordance with the terms of the Senior Secured Credit Facilities plus an applicable margin of 1.75%. The mandatory principal repayment is equal to 0.25% of the original aggregate principal amount, payable on the last day of each quarter, commencing on March 31, 2020. As a result of the prepayment made in December 2020, mandatory quarterly principal repayments are no longer be required. The weighted average effective interest rate for the year ended December 31, 2021 was 2.96% (December 31, 2020 — 3.63%).(b)    The Senior Notes bear interest at an annual rate of 6.5% with interest payments payable in April and October, annually, which commenced in April 2020. The Senior Notes are due in October 2027 and were entered into on October 11, 2019. The total balance of the Senior Notes is US$550.0 million. The Senior Notes include covenants or terms that restrict the Company’s ability to, among other things: (i) incur or guarantee additional indebtedness, or issue disqualified stock or preferred shares, (ii) incur liens, (iii) pay dividends, or make certain restricted payments or investments, (iv) enter into certain transactions with affiliates, (v) modify or cancel satellite insurance, (vi) consolidate, merge, sell or otherwise dispose of substantially all assets, (vii) create restrictions on the ability to pay dividends, make loans, and sell assets, and (viii) designate subsidiaries as unrestricted subsidiaries. The weighted average effective interest rate for the year ended December 31, 2021 and 2020 was 6.27%.(c)     The Senior Secured Notes bear interest at an annual rate of 4.875% with interest payable on June 1 and December 1, annually, which commenced in June 2020. The Senior Secured Notes are due in June 2027 and were entered into on December 6, 2019. The total balance of the Senior Secured Notes is US$400.0 million. The Senior Secured Notes are secured, subject to certain exceptions, by the assets of Telesat Canada and the Guarantors. The Senior Secured Notes include covenants or terms that restrict the Company’s ability to, among other things: (i) incur or guarantee additional indebtedness, or issue disqualified stock or preferred shares, (ii) incur liens, (iii) pay dividends, or make certain restricted payments or investments, (iv) enter into certain transactions with affiliates, (v) modify or cancel satellite insurance, (vi) consolidate, merge, sell or otherwise dispose of substantially all assets, (vii) create restrictions on the ability to pay dividends, make loans, and sell assets, and (viii) designate subsidiaries as unrestricted subsidiaries. The weighted average effective interest rate for the year ended December 31, 2021 and 2020 was 4.76%.(d)    The 2026 Senior Secured Notes bear interest at an annual rate of 5.625% with interest payable on June 1 and December 1, which commenced in December 2021. The 2026 Senior Secured Notes are due in December 2026 and were entered into on April 27, 2021. The total balance of the 2026 Senior Secured Notes is US$500.0 million. The 2026 Senior Secured Notes are secured, subject to certain exceptions, by the assets of Telesat Canada and the Guarantors. The indenture governing the 2026 Senior Secured Notes includes covenants and terms that restrict Telesat Canada’s ability to, among other things, incur additional indebtedness, incur liens, pay dividends or make certain other restricted payments, investments or acquisitions, enter into certain transactions with affiliates, modify or cancel its satellite insurance, effect mergers with another entity, and redeem the 2026 Senior Secured Notes, without penalty, before December 6, 2022, in each case subject to exceptions provided in such indenture. The weighted average effective interest rate for the 249-day period ended December 31, 2021 was 5.79%.(e)     The Senior Secured Credit Facilities, Senior Notes, Senior Secured Notes and 2026 Senior Secured Notes included the following deferred financing costs and prepayment options:(i)     The U.S. TLB Facility, Senior Notes, Senior Secured Notes and 2026 Senior Secured Notes were presented on the balance sheet net of related deferred financing costs of $27.4 million as at December 31, 2021 (December 31, 2020 — $24.9 million). The deferred financing costs are amortized using the effective interest method.(ii)    The U.S. TLB Facility was presented on the balance sheet net of the loss on repayment of $1.9 million as at December 31, 2021 (December 31, 2020 — $2.3 million).(iii)   The indenture agreement for the Senior Notes contained provisions for certain prepayment options which were fair valued at the time of debt issuance. The initial fair value impact, as at October 11, 2019, of the prepayment option related to the Senior Notes was a $17.8 million increase to the indebtedness. This liability is subsequently amortized using the effective interest method and had a carrying amount of $13.7 million as at December 31, 2021 (December 31, 2020 — $15.7 million).(iv)   The indenture agreement for the Senior Secured Notes contained provisions for certain prepayment options which were fair valued at the time of debt issuance. The initial fair value impact, as at December 6, 2019, of the prepayment option related to the Senior Secured Notes was a $10.6 million increase to the indebtedness. This liability is subsequently amortized using the effective interest method and had a carrying amount of $8.0 million as at December 31, 2021 (December 31, 2020 — $9.3 million).(v)    The indenture agreement for the 2026 Senior Secured Notes contained provisions for certain prepayment options which were fair valued at the time of debt issuance. The initial fair value impact, as at April 27, 2021, of the prepayment option related to the 2026 Senior Secured Notes was a $1.9 million increase to the indebtedness.

The 2026 Senior Secured Notes are guaranteed by the Company and certain Guarantors. The 2026 Senior Secured Notes are governed by the 2026 Senior Secured Notes Indenture. The obligations under the 2026 Senior Secured Notes Indenture are secured, subject to certain exceptions, by first priority liens and security interest in the assets of Telesat Canada and the Guarantors. The 2026 Senior Secured Notes include covenants or terms that restricts the Company’s ability to, among other things: (i) incur or guarantee additional indebtedness, or issue disqualified stock or preferred shares, (ii) incur liens, (iii) pay dividends, or make certain restricted payments or investments, (iv) enter into certain transactions with affiliates, (v) modify or cancel satellite insurance, (vi) consolidate, merge, sell or otherwise dispose of substantially all assets, (vii) create restrictions on the ability to pay dividends, make loans, and sell assets, and (viii) designate subsidiaries as unrestricted subsidiaries.The 2026 Senior Secured Notes bear interest from the issue date, payable on June 1 and December 1 of each year, which commenced on December 1, 2021, to holders of record on the immediately preceding May 15 or November 15, as the case may be.The prepayment options associated with the 2026 Senior Secured Notes were fair valued at the time of debt issuance. The initial fair value impact, as at April 27, 2021, of the prepayment option related to the 2026 Senior Secured Notes was a $1.9 million increase to the indebtedness. This liability is subsequently amortized using the effective interest method.The former senior secured credit facilities were fully repaid on December 6, 2019 from the new amended and restated Credit Agreement in the amount of US$1,908.5 million and the US$400 million Senior Secured Notes. Any unamortized deferred financing costs, interest rate floors, and net gain on repricing/repayment were written off upon repayment of the former senior secured credit facilities.In December 2020, the Company made a US$341.4 million prepayment on the Term Loan B — U.S. Facility. The prepayment was applied to all mandatory future quarterly principal repayments, with the remaining balance of the prepayment being applied towards the principal amount outstanding on maturity. The prepayment resulted in the recognition of a loss of $2.3 million, which was recorded against interest and other income and indebtedness. The loss recorded against the indebtedness is subsequently amortized to interest expense using the effective interest method.(a)     The Senior Secured Credit Facilities, which were entered into on December 6, 2019, are secured by substantially all of Telesat Canada’s assets. The Credit Agreement requires Telesat Canada and the Guarantors to comply with a First Lien Net Leverage Ratio if the Revolving Credit Facility is drawn by more than 35% of the Credit Facility amount. As at December 31, 2021 and 2020, Telesat Canada was in compliance with this covenant.The Senior Secured Credit Facilities, have two tranches which are described below:(i)     A Revolving Credit Facility (“Revolving Facility”) of up to $200.0 million U.S. dollars (or Canadian dollar equivalent) is available to Telesat Canada maturing in December 2024. This Revolving Facility is available to be drawn at any time in U.S. funds or Canadian dollar equivalent funds. Loans under the Revolving Facility bear interest at a floating interest rate. For Canadian Prime Rate and Alternative Base Rate (“ABR”) loans, an applicable margin ranging from 0.75% to 1.25% is applied to the Prime Rate and ABR as these interest rates are defined in the Senior Credit Facilities. For Bankers Acceptance (“BA”) Loans and Eurodollar Loans, an applicable margin ranging from 1.75% to 2.25% is applied to either the BA interest rate or LIBOR. The rates on the Revolving Facility vary depending upon the results of the first lien leverage ratio. The Revolving Facility has an unused commitment fee that ranges from 25.0 to 37.5 basis points per annum, depending upon the result of the total leverage ratio. As at December 31, 2021, other than $0.2 million (December 31, 2020 — $0.2 million) in drawings related to letters of credit, there were no borrowings under this facility.(ii)    The U.S. TLB Facility is a US$1,908.5 million facility maturing in December 2026. The borrowings under the U.S. TLB Facility bear interest at a floating rate of either: (i) LIBOR as periodically determined for interest rate periods selected by Telesat Canada in accordance with the terms of the Senior Secured Credit Facilities, plus an applicable margin of 2.75%; or (ii) Alternative Base Rate as determined in accordance with the terms of the Senior Secured Credit Facilities plus an applicable margin of 1.75%. The mandatory principal repayment is equal to 0.25% of the original aggregate principal amount, payable on the last day of each quarter, commencing on March 31, 2020. As a result of the prepayment made in December 2020, mandatory quarterly principal repayments are no longer be required. The weighted average effective interest rate for the year ended December 31, 2021 was 2.96% (December 31, 2020 — 3.63%).(b)    The Senior Notes bear interest at an annual rate of 6.5% with interest payments payable in April and October, annually, which commenced in April 2020. The Senior Notes are due in October 2027 and were entered into on October 11, 2019. The total balance of the Senior Notes is US$550.0 million. The Senior Notes include covenants or terms that restrict the Company’s ability to, among other things: (i) incur or guarantee additional indebtedness, or issue disqualified stock or preferred shares, (ii) incur liens, (iii) pay dividends, or make certain restricted payments or investments, (iv) enter into certain transactions with affiliates, (v) modify or cancel satellite insurance, (vi) consolidate, merge, sell or otherwise dispose of substantially all assets, (vii) create restrictions on the ability to pay dividends, make loans, and sell assets, and (viii) designate subsidiaries as unrestricted subsidiaries. The weighted average effective interest rate for the year ended December 31, 2021 and 2020 was 6.27%.(c)     The Senior Secured Notes bear interest at an annual rate of 4.875% with interest payable on June 1 and December 1, annually, which commenced in June 2020. The Senior Secured Notes are due in June 2027 and were entered into on December 6, 2019. The total balance of the Senior Secured Notes is US$400.0 million. The Senior Secured Notes are secured, subject to certain exceptions, by the assets of Telesat Canada and the Guarantors. The Senior Secured Notes include covenants or terms that restrict the Company’s ability to, among other things: (i) incur or guarantee additional indebtedness, or issue disqualified stock or preferred shares, (ii) incur liens, (iii) pay dividends, or make certain restricted payments or investments, (iv) enter into certain transactions with affiliates, (v) modify or cancel satellite insurance, (vi) consolidate, merge, sell or otherwise dispose of substantially all assets, (vii) create restrictions on the ability to pay dividends, make loans, and sell assets, and (viii) designate subsidiaries as unrestricted subsidiaries. The weighted average effective interest rate for the year ended December 31, 2021 and 2020 was 4.76%.(d)    The 2026 Senior Secured Notes bear interest at an annual rate of 5.625% with interest payable on June 1 and December 1, which commenced in December 2021. The 2026 Senior Secured Notes are due in December 2026 and were entered into on April 27, 2021. The total balance of the 2026 Senior Secured Notes is US$500.0 million. The 2026 Senior Secured Notes are secured, subject to certain exceptions, by the assets of Telesat Canada and the Guarantors. The indenture governing the 2026 Senior Secured Notes includes covenants and terms that restrict Telesat Canada’s ability to, among other things, incur additional indebtedness, incur liens, pay dividends or make certain other restricted payments, investments or acquisitions, enter into certain transactions with affiliates, modify or cancel its satellite insurance, effect mergers with another entity, and redeem the 2026 Senior Secured Notes, without penalty, before December 6, 2022, in each case subject to exceptions provided in such indenture. The weighted average effective interest rate for the 249-day period ended December 31, 2021 was 5.79%.(e)     The Senior Secured Credit Facilities, Senior Notes, Senior Secured Notes and 2026 Senior Secured Notes included the following deferred financing costs and prepayment options:(i)     The U.S. TLB Facility, Senior Notes, Senior Secured Notes and 2026 Senior Secured Notes were presented on the balance sheet net of related deferred financing costs of $27.4 million as at December 31, 2021 (December 31, 2020 — $24.9 million). The deferred financing costs are amortized using the effective interest method.(ii)    The U.S. TLB Facility was presented on the balance sheet net of the loss on repayment of $1.9 million as at December 31, 2021 (December 31, 2020 — $2.3 million).(iii)   The indenture agreement for the Senior Notes contained provisions for certain prepayment options which were fair valued at the time of debt issuance. The initial fair value impact, as at October 11, 2019, of the prepayment option related to the Senior Notes was a $17.8 million increase to the indebtedness. This liability is subsequently amortized using the effective interest method and had a carrying amount of $13.7 million as at December 31, 2021 (December 31, 2020 — $15.7 million).(iv)   The indenture agreement for the Senior Secured Notes contained provisions for certain prepayment options which were fair valued at the time of debt issuance. The initial fair value impact, as at December 6, 2019, of the prepayment option related to the Senior Secured Notes was a $10.6 million increase to the indebtedness. This liability is subsequently amortized using the effective interest method and had a carrying amount of $8.0 million as at December 31, 2021 (December 31, 2020 — $9.3 million).(v)    The indenture agreement for the 2026 Senior Secured Notes contained provisions for certain prepayment options which were fair valued at the time of debt issuance. The initial fair value impact, as at April 27, 2021, of the prepayment option related to the 2026 Senior Secured Notes was a $1.9 million increase to the indebtedness.

U.S. TLB Facility [Member]

Indebtedness (Details) [Line Items]

Borrowings description

On December 6, 2019, Telesat Canada entered into a new amended and restated Credit Agreement with a syndicate of banks which provides for the extension of credit under the Senior Secured Credit Facilities of US$1,908.5 million and revolving credit borrowings up to US$200.0 million (or Canadian dollar equivalent). The term loan facility matures in December 2026 while the revolving credit facility matures in December 2024. Debt issue costs of $16.0 million were incurred in connection with this amendment, inclusive of $1.3 million relating to the revolving credit facility. All obligations under the Credit Agreement are guaranteed by the Company and certain of Telesat Canada’s existing subsidiaries (“Guarantors”). The obligations under the Credit Agreement and the guarantees of those obligations are secured, subject to certain exceptions, by first priority liens and security interest in the assets of Telesat Canada and the Guarantors. If the Revolving Credit Facility is drawn by more than 35% of the Credit Facility amount, the Credit Agreement requires Telesat Canada to comply with a first lien net leverage ratio of 5.75:1.00, tested quarterly, and failure to comply will result in an event of default. The Credit Agreement contains total leverage ratio covenants that restrict, with certain exceptions, the ability of Telesat Canada and the Guarantors to take specified actions, including, among other things and subject to certain significant exceptions: creating liens, incurring indebtedness, making investments, engaging in mergers, selling property, paying dividends, entering into sale-leaseback transactions, creating subsidiaries, repaying subordinated debt or amending organizational documents. As at December 31, 2021, the leverage ratio was 5.70:1.00, which is more than the maximum test ratio of 4.50:1.00 (December 31, 2020 — 4.44:1.00, which was less than the maximum test ratio of 4.50:1.00).On December 6, 2019, Telesat Canada issued, through private placement, US$400 million of Senior Secured Notes, at an interest rate of 4.875%, which mature in June 2027. Debt issue costs of $6.6 million were incurred in connection with the issuance of the Senior Secured Notes. The Senior Secured Notes are guaranteed by the Company and certain Guarantors. The Senior Secured Notes are governed by the Senior Secured Notes Indenture. The obligations under the Senior Secured Notes Indenture are secured, subject to certain exceptions, by first priority liens and security interest in the assets of Telesat Canada and the Guarantors. The Senior Secured Notes include covenants or terms that restricts the Company’s ability to, among other things: (i) incur or guarantee additional indebtedness, or issue disqualified stock or preferred shares, (ii) incur liens, (iii) pay dividends, or make certain restricted payments or investments, (iv) enter into certain transactions with affiliates, (v) modify or cancel satellite insurance, (vi) consolidate, merge, sell or otherwise dispose of substantially all assets, (vii) create restrictions on the ability to pay dividends, make loans, and sell assets, and (viii) designate subsidiaries as unrestricted subsidiaries.On April 27, 2021, Telesat Canada, as issuer, and Telesat LLC, as co-issuer, issued US$500 million in aggregate principal amount of 2026 Senior Secured Notes maturing on December 6, 2026. Debt issue costs of $6.8 million were incurred in connection with the issuance of the 2026 Senior Secured Notes. The 2026 Senior Secured Notes are guaranteed by the Company and certain Guarantors. The 2026 Senior Secured Notes are governed by the 2026 Senior Secured Notes Indenture. The obligations under the 2026 Senior Secured Notes Indenture are secured, subject to certain exceptions, by first priority liens and security interest in the assets of Telesat Canada and the Guarantors. The 2026 Senior Secured Notes include covenants or terms that restricts the Company’s ability to, among other things: (i) incur or guarantee additional indebtedness, or issue disqualified stock or preferred shares, (ii) incur liens, (iii) pay dividends, or make certain restricted payments or investments, (iv) enter into certain transactions with affiliates, (v) modify or cancel satellite insurance, (vi) consolidate, merge, sell or otherwise dispose of substantially all assets, (vii) create restrictions on the ability to pay dividends, make loans, and sell assets, and (viii) designate subsidiaries as unrestricted subsidiaries.The 2026 Senior Secured Notes bear interest from the issue date, payable on June 1 and December 1 of each year, which commenced on December 1, 2021, to holders of record on the immediately preceding May 15 or November 15, as the case may be.The prepayment options associated with the 2026 Senior Secured Notes were fair valued at the time of debt issuance. The initial fair value impact, as at April 27, 2021, of the prepayment option related to the 2026 Senior Secured Notes was a $1.9 million increase to the indebtedness. This liability is subsequently amortized using the effective interest method.The former senior secured credit facilities were fully repaid on December 6, 2019 from the new amended and restated Credit Agreement in the amount of US$1,908.5 million and the US$400 million Senior Secured Notes. Any unamortized deferred financing costs, interest rate floors, and net gain on repricing/repayment were written off upon repayment of the former senior secured credit facilities.In December 2020, the Company made a US$341.4 million prepayment on the Term Loan B — U.S. Facility. The prepayment was applied to all mandatory future quarterly principal repayments, with the remaining balance of the prepayment being applied towards the principal amount outstanding on maturity. The prepayment resulted in the recognition of a loss of $2.3 million, which was recorded against interest and other income and indebtedness. The loss recorded against the indebtedness is subsequently amortized to interest expense using the effective interest method.(a)     The Senior Secured Credit Facilities, which were entered into on December 6, 2019, are secured by substantially all of Telesat Canada’s assets. The Credit Agreement requires Telesat Canada and the Guarantors to comply with a First Lien Net Leverage Ratio if the Revolving Credit Facility is drawn by more than 35% of the Credit Facility amount. As at December 31, 2021 and 2020, Telesat Canada was in compliance with this covenant.The Senior Secured Credit Facilities, have two tranches which are described below:(i)     A Revolving Credit Facility (“Revolving Facility”) of up to $200.0 million U.S. dollars (or Canadian dollar equivalent) is available to Telesat Canada maturing in December 2024. This Revolving Facility is available to be drawn at any time in U.S. funds or Canadian dollar equivalent funds. Loans under the Revolving Facility bear interest at a floating interest rate. For Canadian Prime Rate and Alternative Base Rate (“ABR”) loans, an applicable margin ranging from 0.75% to 1.25% is applied to the Prime Rate and ABR as these interest rates are defined in the Senior Credit Facilities. For Bankers Acceptance (“BA”) Loans and Eurodollar Loans, an applicable margin ranging from 1.75% to 2.25% is applied to either the BA interest rate or LIBOR. The rates on the Revolving Facility vary depending upon the results of the first lien leverage ratio. The Revolving Facility has an unused commitment fee that ranges from 25.0 to 37.5 basis points per annum, depending upon the result of the total leverage ratio. As at December 31, 2021, other than $0.2 million (December 31, 2020 — $0.2 million) in drawings related to letters of credit, there were no borrowings under this facility.(ii)    The U.S. TLB Facility is a US$1,908.5 million facility maturing in December 2026. The borrowings under the U.S. TLB Facility bear interest at a floating rate of either: (i) LIBOR as periodically determined for interest rate periods selected by Telesat Canada in accordance with the terms of the Senior Secured Credit Facilities, plus an applicable margin of 2.75%; or (ii) Alternative Base Rate as determined in accordance with the terms of the Senior Secured Credit Facilities plus an applicable margin of 1.75%. The mandatory principal repayment is equal to 0.25% of the original aggregate principal amount, payable on the last day of each quarter, commencing on March 31, 2020. As a result of the prepayment made in December 2020, mandatory quarterly principal repayments are no longer be required. The weighted average effective interest rate for the year ended December 31, 2021 was 2.96% (December 31, 2020 — 3.63%).(b)    The Senior Notes bear interest at an annual rate of 6.5% with interest payments payable in April and October, annually, which commenced in April 2020. The Senior Notes are due in October 2027 and were entered into on October 11, 2019. The total balance of the Senior Notes is US$550.0 million. The Senior Notes include covenants or terms that restrict the Company’s ability to, among other things: (i) incur or guarantee additional indebtedness, or issue disqualified stock or preferred shares, (ii) incur liens, (iii) pay dividends, or make certain restricted payments or investments, (iv) enter into certain transactions with affiliates, (v) modify or cancel satellite insurance, (vi) consolidate, merge, sell or otherwise dispose of substantially all assets, (vii) create restrictions on the ability to pay dividends, make loans, and sell assets, and (viii) designate subsidiaries as unrestricted subsidiaries. The weighted average effective interest rate for the year ended December 31, 2021 and 2020 was 6.27%.(c)     The Senior Secured Notes bear interest at an annual rate of 4.875% with interest payable on June 1 and December 1, annually, which commenced in June 2020. The Senior Secured Notes are due in June 2027 and were entered into on December 6, 2019. The total balance of the Senior Secured Notes is US$400.0 million. The Senior Secured Notes are secured, subject to certain exceptions, by the assets of Telesat Canada and the Guarantors. The Senior Secured Notes include covenants or terms that restrict the Company’s ability to, among other things: (i) incur or guarantee additional indebtedness, or issue disqualified stock or preferred shares, (ii) incur liens, (iii) pay dividends, or make certain restricted payments or investments, (iv) enter into certain transactions with affiliates, (v) modify or cancel satellite insurance, (vi) consolidate, merge, sell or otherwise dispose of substantially all assets, (vii) create restrictions on the ability to pay dividends, make loans, and sell assets, and (viii) designate subsidiaries as unrestricted subsidiaries. The weighted average effective interest rate for the year ended December 31, 2021 and 2020 was 4.76%.(d)    The 2026 Senior Secured Notes bear interest at an annual rate of 5.625% with interest payable on June 1 and December 1, which commenced in December 2021. The 2026 Senior Secured Notes are due in December 2026 and were entered into on April 27, 2021. The total balance of the 2026 Senior Secured Notes is US$500.0 million. The 2026 Senior Secured Notes are secured, subject to certain exceptions, by the assets of Telesat Canada and the Guarantors. The indenture governing the 2026 Senior Secured Notes includes covenants and terms that restrict Telesat Canada’s ability to, among other things, incur additional indebtedness, incur liens, pay dividends or make certain other restricted payments, investments or acquisitions, enter into certain transactions with affiliates, modify or cancel its satellite insurance, effect mergers with another entity, and redeem the 2026 Senior Secured Notes, without penalty, before December 6, 2022, in each case subject to exceptions provided in such indenture. The weighted average effective interest rate for the 249-day period ended December 31, 2021 was 5.79%.(e)     The Senior Secured Credit Facilities, Senior Notes, Senior Secured Notes and 2026 Senior Secured Notes included the following deferred financing costs and prepayment options:(i)     The U.S. TLB Facility, Senior Notes, Senior Secured Notes and 2026 Senior Secured Notes were presented on the balance sheet net of related deferred financing costs of $27.4 million as at December 31, 2021 (December 31, 2020 — $24.9 million). The deferred financing costs are amortized using the effective interest method.(ii)    The U.S. TLB Facility was presented on the balance sheet net of the loss on repayment of $1.9 million as at December 31, 2021 (December 31, 2020 — $2.3 million).(iii)   The indenture agreement for the Senior Notes contained provisions for certain prepayment options which were fair valued at the time of debt issuance. The initial fair value impact, as at October 11, 2019, of the prepayment option related to the Senior Notes was a $17.8 million increase to the indebtedness. This liability is subsequently amortized using the effective interest method and had a carrying amount of $13.7 million as at December 31, 2021 (December 31, 2020 — $15.7 million).(iv)   The indenture agreement for the Senior Secured Notes contained provisions for certain prepayment options which were fair valued at the time of debt issuance. The initial fair value impact, as at December 6, 2019, of the prepayment option related to the Senior Secured Notes was a $10.6 million increase to the indebtedness. This liability is subsequently amortized using the effective interest method and had a carrying amount of $8.0 million as at December 31, 2021 (December 31, 2020 — $9.3 million).(v)    The indenture agreement for the 2026 Senior Secured Notes contained provisions for certain prepayment options which were fair valued at the time of debt issuance. The initial fair value impact, as at April 27, 2021, of the prepayment option related to the 2026 Senior Secured Notes was a $1.9 million increase to the indebtedness.

On December 6, 2019, Telesat Canada entered into a new amended and restated Credit Agreement with a syndicate of banks which provides for the extension of credit under the Senior Secured Credit Facilities of US$1,908.5 million and revolving credit borrowings up to US$200.0 million (or Canadian dollar equivalent). The term loan facility matures in December 2026 while the revolving credit facility matures in December 2024. Debt issue costs of $16.0 million were incurred in connection with this amendment, inclusive of $1.3 million relating to the revolving credit facility. All obligations under the Credit Agreement are guaranteed by the Company and certain of Telesat Canada’s existing subsidiaries (“Guarantors”). The obligations under the Credit Agreement and the guarantees of those obligations are secured, subject to certain exceptions, by first priority liens and security interest in the assets of Telesat Canada and the Guarantors. If the Revolving Credit Facility is drawn by more than 35% of the Credit Facility amount, the Credit Agreement requires Telesat Canada to comply with a first lien net leverage ratio of 5.75:1.00, tested quarterly, and failure to comply will result in an event of default. The Credit Agreement contains total leverage ratio covenants that restrict, with certain exceptions, the ability of Telesat Canada and the Guarantors to take specified actions, including, among other things and subject to certain significant exceptions: creating liens, incurring indebtedness, making investments, engaging in mergers, selling property, paying dividends, entering into sale-leaseback transactions, creating subsidiaries, repaying subordinated debt or amending organizational documents. As at December 31, 2021, the leverage ratio was 5.70:1.00, which is more than the maximum test ratio of 4.50:1.00 (December 31, 2020 — 4.44:1.00, which was less than the maximum test ratio of 4.50:1.00).On December 6, 2019, Telesat Canada issued, through private placement, US$400 million of Senior Secured Notes, at an interest rate of 4.875%, which mature in June 2027. Debt issue costs of $6.6 million were incurred in connection with the issuance of the Senior Secured Notes. The Senior Secured Notes are guaranteed by the Company and certain Guarantors. The Senior Secured Notes are governed by the Senior Secured Notes Indenture. The obligations under the Senior Secured Notes Indenture are secured, subject to certain exceptions, by first priority liens and security interest in the assets of Telesat Canada and the Guarantors. The Senior Secured Notes include covenants or terms that restricts the Company’s ability to, among other things: (i) incur or guarantee additional indebtedness, or issue disqualified stock or preferred shares, (ii) incur liens, (iii) pay dividends, or make certain restricted payments or investments, (iv) enter into certain transactions with affiliates, (v) modify or cancel satellite insurance, (vi) consolidate, merge, sell or otherwise dispose of substantially all assets, (vii) create restrictions on the ability to pay dividends, make loans, and sell assets, and (viii) designate subsidiaries as unrestricted subsidiaries.On April 27, 2021, Telesat Canada, as issuer, and Telesat LLC, as co-issuer, issued US$500 million in aggregate principal amount of 2026 Senior Secured Notes maturing on December 6, 2026. Debt issue costs of $6.8 million were incurred in connection with the issuance of the 2026 Senior Secured Notes. The 2026 Senior Secured Notes are guaranteed by the Company and certain Guarantors. The 2026 Senior Secured Notes are governed by the 2026 Senior Secured Notes Indenture. The obligations under the 2026 Senior Secured Notes Indenture are secured, subject to certain exceptions, by first priority liens and security interest in the assets of Telesat Canada and the Guarantors. The 2026 Senior Secured Notes include covenants or terms that restricts the Company’s ability to, among other things: (i) incur or guarantee additional indebtedness, or issue disqualified stock or preferred shares, (ii) incur liens, (iii) pay dividends, or make certain restricted payments or investments, (iv) enter into certain transactions with affiliates, (v) modify or cancel satellite insurance, (vi) consolidate, merge, sell or otherwise dispose of substantially all assets, (vii) create restrictions on the ability to pay dividends, make loans, and sell assets, and (viii) designate subsidiaries as unrestricted subsidiaries.The 2026 Senior Secured Notes bear interest from the issue date, payable on June 1 and December 1 of each year, which commenced on December 1, 2021, to holders of record on the immediately preceding May 15 or November 15, as the case may be.The prepayment options associated with the 2026 Senior Secured Notes were fair valued at the time of debt issuance. The initial fair value impact, as at April 27, 2021, of the prepayment option related to the 2026 Senior Secured Notes was a $1.9 million increase to the indebtedness. This liability is subsequently amortized using the effective interest method.The former senior secured credit facilities were fully repaid on December 6, 2019 from the new amended and restated Credit Agreement in the amount of US$1,908.5 million and the US$400 million Senior Secured Notes. Any unamortized deferred financing costs, interest rate floors, and net gain on repricing/repayment were written off upon repayment of the former senior secured credit facilities.In December 2020, the Company made a US$341.4 million prepayment on the Term Loan B — U.S. Facility. The prepayment was applied to all mandatory future quarterly principal repayments, with the remaining balance of the prepayment being applied towards the principal amount outstanding on maturity. The prepayment resulted in the recognition of a loss of $2.3 million, which was recorded against interest and other income and indebtedness. The loss recorded against the indebtedness is subsequently amortized to interest expense using the effective interest method.(a)     The Senior Secured Credit Facilities, which were entered into on December 6, 2019, are secured by substantially all of Telesat Canada’s assets. The Credit Agreement requires Telesat Canada and the Guarantors to comply with a First Lien Net Leverage Ratio if the Revolving Credit Facility is drawn by more than 35% of the Credit Facility amount. As at December 31, 2021 and 2020, Telesat Canada was in compliance with this covenant.The Senior Secured Credit Facilities, have two tranches which are described below:(i)     A Revolving Credit Facility (“Revolving Facility”) of up to $200.0 million U.S. dollars (or Canadian dollar equivalent) is available to Telesat Canada maturing in December 2024. This Revolving Facility is available to be drawn at any time in U.S. funds or Canadian dollar equivalent funds. Loans under the Revolving Facility bear interest at a floating interest rate. For Canadian Prime Rate and Alternative Base Rate (“ABR”) loans, an applicable margin ranging from 0.75% to 1.25% is applied to the Prime Rate and ABR as these interest rates are defined in the Senior Credit Facilities. For Bankers Acceptance (“BA”) Loans and Eurodollar Loans, an applicable margin ranging from 1.75% to 2.25% is applied to either the BA interest rate or LIBOR. The rates on the Revolving Facility vary depending upon the results of the first lien leverage ratio. The Revolving Facility has an unused commitment fee that ranges from 25.0 to 37.5 basis points per annum, depending upon the result of the total leverage ratio. As at December 31, 2021, other than $0.2 million (December 31, 2020 — $0.2 million) in drawings related to letters of credit, there were no borrowings under this facility.(ii)    The U.S. TLB Facility is a US$1,908.5 million facility maturing in December 2026. The borrowings under the U.S. TLB Facility bear interest at a floating rate of either: (i) LIBOR as periodically determined for interest rate periods selected by Telesat Canada in accordance with the terms of the Senior Secured Credit Facilities, plus an applicable margin of 2.75%; or (ii) Alternative Base Rate as determined in accordance with the terms of the Senior Secured Credit Facilities plus an applicable margin of 1.75%. The mandatory principal repayment is equal to 0.25% of the original aggregate principal amount, payable on the last day of each quarter, commencing on March 31, 2020. As a result of the prepayment made in December 2020, mandatory quarterly principal repayments are no longer be required. The weighted average effective interest rate for the year ended December 31, 2021 was 2.96% (December 31, 2020 — 3.63%).(b)    The Senior Notes bear interest at an annual rate of 6.5% with interest payments payable in April and October, annually, which commenced in April 2020. The Senior Notes are due in October 2027 and were entered into on October 11, 2019. The total balance of the Senior Notes is US$550.0 million. The Senior Notes include covenants or terms that restrict the Company’s ability to, among other things: (i) incur or guarantee additional indebtedness, or issue disqualified stock or preferred shares, (ii) incur liens, (iii) pay dividends, or make certain restricted payments or investments, (iv) enter into certain transactions with affiliates, (v) modify or cancel satellite insurance, (vi) consolidate, merge, sell or otherwise dispose of substantially all assets, (vii) create restrictions on the ability to pay dividends, make loans, and sell assets, and (viii) designate subsidiaries as unrestricted subsidiaries. The weighted average effective interest rate for the year ended December 31, 2021 and 2020 was 6.27%.(c)     The Senior Secured Notes bear interest at an annual rate of 4.875% with interest payable on June 1 and December 1, annually, which commenced in June 2020. The Senior Secured Notes are due in June 2027 and were entered into on December 6, 2019. The total balance of the Senior Secured Notes is US$400.0 million. The Senior Secured Notes are secured, subject to certain exceptions, by the assets of Telesat Canada and the Guarantors. The Senior Secured Notes include covenants or terms that restrict the Company’s ability to, among other things: (i) incur or guarantee additional indebtedness, or issue disqualified stock or preferred shares, (ii) incur liens, (iii) pay dividends, or make certain restricted payments or investments, (iv) enter into certain transactions with affiliates, (v) modify or cancel satellite insurance, (vi) consolidate, merge, sell or otherwise dispose of substantially all assets, (vii) create restrictions on the ability to pay dividends, make loans, and sell assets, and (viii) designate subsidiaries as unrestricted subsidiaries. The weighted average effective interest rate for the year ended December 31, 2021 and 2020 was 4.76%.(d)    The 2026 Senior Secured Notes bear interest at an annual rate of 5.625% with interest payable on June 1 and December 1, which commenced in December 2021. The 2026 Senior Secured Notes are due in December 2026 and were entered into on April 27, 2021. The total balance of the 2026 Senior Secured Notes is US$500.0 million. The 2026 Senior Secured Notes are secured, subject to certain exceptions, by the assets of Telesat Canada and the Guarantors. The indenture governing the 2026 Senior Secured Notes includes covenants and terms that restrict Telesat Canada’s ability to, among other things, incur additional indebtedness, incur liens, pay dividends or make certain other restricted payments, investments or acquisitions, enter into certain transactions with affiliates, modify or cancel its satellite insurance, effect mergers with another entity, and redeem the 2026 Senior Secured Notes, without penalty, before December 6, 2022, in each case subject to exceptions provided in such indenture. The weighted average effective interest rate for the 249-day period ended December 31, 2021 was 5.79%.(e)     The Senior Secured Credit Facilities, Senior Notes, Senior Secured Notes and 2026 Senior Secured Notes included the following deferred financing costs and prepayment options:(i)     The U.S. TLB Facility, Senior Notes, Senior Secured Notes and 2026 Senior Secured Notes were presented on the balance sheet net of related deferred financing costs of $27.4 million as at December 31, 2021 (December 31, 2020 — $24.9 million). The deferred financing costs are amortized using the effective interest method.(ii)    The U.S. TLB Facility was presented on the balance sheet net of the loss on repayment of $1.9 million as at December 31, 2021 (December 31, 2020 — $2.3 million).(iii)   The indenture agreement for the Senior Notes contained provisions for certain prepayment options which were fair valued at the time of debt issuance. The initial fair value impact, as at October 11, 2019, of the prepayment option related to the Senior Notes was a $17.8 million increase to the indebtedness. This liability is subsequently amortized using the effective interest method and had a carrying amount of $13.7 million as at December 31, 2021 (December 31, 2020 — $15.7 million).(iv)   The indenture agreement for the Senior Secured Notes contained provisions for certain prepayment options which were fair valued at the time of debt issuance. The initial fair value impact, as at December 6, 2019, of the prepayment option related to the Senior Secured Notes was a $10.6 million increase to the indebtedness. This liability is subsequently amortized using the effective interest method and had a carrying amount of $8.0 million as at December 31, 2021 (December 31, 2020 — $9.3 million).(v)    The indenture agreement for the 2026 Senior Secured Notes contained provisions for certain prepayment options which were fair valued at the time of debt issuance. The initial fair value impact, as at April 27, 2021, of the prepayment option related to the 2026 Senior Secured Notes was a $1.9 million increase to the indebtedness.

Borrowings amount

$ 1,908.5

Deferred financing costs

$ 27.4

$ 24.9

Net Loss on repayment

$ 1.9

2.3

Term Loan B - U.S. Facility [Member]

Indebtedness (Details) [Line Items]

Prepayment of term loan

$ 341.4

Prepayment loss

$ 2,300

Revolving Credits Facility [Member]

Indebtedness (Details) [Line Items]

Net leverage ratio

35.00%

35.00%

Credit Facility

$ 200,000

Revolving Credits Facility [Member] | Former Senior Secured Credit Facilities [Member]

Indebtedness (Details) [Line Items]

Former senior secured credit facilities, description

For Canadian Prime Rate and Alternative Base Rate (“ABR”) loans, an applicable margin ranging from 0.75% to 1.25% is applied to the Prime Rate and ABR as these interest rates are defined in the Senior Credit Facilities. For Bankers Acceptance (“BA”) Loans and Eurodollar Loans, an applicable margin ranging from 1.75% to 2.25% is applied to either the BA interest rate or LIBOR. The rates on the Revolving Facility vary depending upon the results of the first lien leverage ratio. The Revolving Facility has an unused commitment fee that ranges from 25.0 to 37.5 basis points per annum, depending upon the result of the total leverage ratio. As at December 31, 2021, other than $0.2 million (December 31, 2020 — $0.2 million) in drawings related to letters of credit, there were no borrowings under this facility.

For Canadian Prime Rate and Alternative Base Rate (“ABR”) loans, an applicable margin ranging from 0.75% to 1.25% is applied to the Prime Rate and ABR as these interest rates are defined in the Senior Credit Facilities. For Bankers Acceptance (“BA”) Loans and Eurodollar Loans, an applicable margin ranging from 1.75% to 2.25% is applied to either the BA interest rate or LIBOR. The rates on the Revolving Facility vary depending upon the results of the first lien leverage ratio. The Revolving Facility has an unused commitment fee that ranges from 25.0 to 37.5 basis points per annum, depending upon the result of the total leverage ratio. As at December 31, 2021, other than $0.2 million (December 31, 2020 — $0.2 million) in drawings related to letters of credit, there were no borrowings under this facility.

Credit Agreement [Member]

Indebtedness (Details) [Line Items]

Debt issue costs

$ 16,000

Senior secured credit facilities

1,908.5

Revolving credit borrowings

$ 200

Revolving credit facility

$ 1,300

Interest rate on borrowing

35.00%

35.00%

Credit agreement description

The Credit Agreement contains total leverage ratio covenants that restrict, with certain exceptions, the ability of Telesat Canada and the Guarantors to take specified actions, including, among other things and subject to certain significant exceptions: creating liens, incurring indebtedness, making investments, engaging in mergers, selling property, paying dividends, entering into sale-leaseback transactions, creating subsidiaries, repaying subordinated debt or amending organizational documents.

The Credit Agreement contains total leverage ratio covenants that restrict, with certain exceptions, the ability of Telesat Canada and the Guarantors to take specified actions, including, among other things and subject to certain significant exceptions: creating liens, incurring indebtedness, making investments, engaging in mergers, selling property, paying dividends, entering into sale-leaseback transactions, creating subsidiaries, repaying subordinated debt or amending organizational documents.

Indebtedness (Details) - Schedu

Indebtedness (Details) - Schedule of indebtedness - CAD ($) $ in Thousands	Dec. 31, 2021	Dec. 31, 2020
Senior Secured Credit Facilities
Borrowings before deferred financing costs	$ 3,794,657	$ 3,184,832
Deferred financing costs, prepayment options and loss on repayment	(2,060)	2,320
Borrowings	3,792,597	3,187,152
Less: current indebtedness
Long-term indebtedness	3,792,597	3,187,152
Revolving Credit Facility [Member] | Senior Secured Credit Facilities [Member]
Senior Secured Credit Facilities
Borrowings before deferred financing costs
Term Loan B – U.S. Facility [Member] | Senior Secured Credit Facilities [Member]
Senior Secured Credit Facilities
Borrowings before deferred financing costs	1,962,292	1,975,957
Senior Notes [Member]
Senior Secured Credit Facilities
Borrowings before deferred financing costs	695,035	699,875
Senior Secured Notes [Member]
Senior Secured Credit Facilities
Borrowings before deferred financing costs	631,850
Senior Secured Notes One [Member]
Senior Secured Credit Facilities
Borrowings before deferred financing costs	$ 505,480	$ 509,000

Indebtedness (Details) - Sche_2

Indebtedness (Details) - Schedule of indebtedness (Parentheticals) $ in Thousands	12 Months Ended
	Dec. 31, 2021CAD ($)
Term Loan B – U.S. Facility [Member]
Indebtedness (Details) - Schedule of indebtedness (Parentheticals) [Line Items]
Term Loan B – U.S. Facility	$ 1,552,815
Senior Notes [Member]
Indebtedness (Details) - Schedule of indebtedness (Parentheticals) [Line Items]
Senior Notes	550,000
Senior Secured Notes [Member]
Indebtedness (Details) - Schedule of indebtedness (Parentheticals) [Line Items]
Senior Secured Notes	500,000
Senior Secured Notes One [Member]
Indebtedness (Details) - Schedule of indebtedness (Parentheticals) [Line Items]
Senior Secured Notes	$ 400,000

Indebtedness (Details) - Sche_3

Indebtedness (Details) - Schedule of short-term and long-term portions of deferred financing costs, prepayment options and loss on repayment - CAD ($) $ in Thousands	Dec. 31, 2021	Dec. 31, 2020
Schedule of short-term and long-term portions of deferred financing costs, prepayment options and loss on repayment [Abstract]
Short-term deferred financing costs
Long-term deferred financing costs	27,431	24,888
Deferred financing cost	27,431	24,888
Short-term prepayment options
Long-term prepayment options	(23,448)	(24,925)
Prepayment option	(23,448)	(24,925)
Short-term loss on repayment
Long-term loss on repayment	(1,923)	(2,283)
Loss on repayment	(1,923)	(2,283)
Deferred financing costs, prepayment options and loss on repayment	$ 2,060	$ (2,320)

Partnership Units Liability (De

Partnership Units Liability (Details) $ in Millions	Dec. 31, 2021CAD ($)
Disclosure of liability [text block] [Abstract]
Book value	$ 1,171.2
LP Units has been determined	1,309.8
Resulting loss	$ 131

Partnership Units Liability (_2

Partnership Units Liability (Details) - Schedule of LP units issued	Dec. 31, 2021shares
Partnership Units Liability (Details) - Schedule of LP units issued [Line Items]
LP Units issued	37,526,853,000
Class A LP Units and Class B LP Units [Member]
Partnership Units Liability (Details) - Schedule of LP units issued [Line Items]
LP Units issued	19,428,491,000
Class C LP Units [Member]
Partnership Units Liability (Details) - Schedule of LP units issued [Line Items]
LP Units issued	18,098,362,000

Partners' Capital_Share Capit_3

Partners' Capital/Share Capital (Details)	Sep. 30, 2021	Dec. 31, 2020	Dec. 31, 2019	Jan. 31, 2019	Dec. 31, 2021$ / sharesshares
Partners' Capital/Share Capital (Details) [Line Items]
Number of GP Units issued (in Shares)					12,020,087
Percentage of economic interest					24.00%
Non-Voting Participating Preferred Shares [Member]
Partners' Capital/Share Capital (Details) [Line Items]
Number of options granted				40,269
Number of options exercised				14,846
Restricted shares in units		30,980	66,667
Settled in exchange		66,667	30,980
Stock options	600
Exercised in exchange		600
Director Voting Preferred Shares [Member]
Partners' Capital/Share Capital (Details) [Line Items]
Number of shares authorised (in Shares)					1,000
Dividends entitled per share if declared (in Dollars per share) | $ / shares					$ 10
Redemption price per share (in Dollars per share) | $ / shares					$ 10
Senior Preferred Shares [Member]
Partners' Capital/Share Capital (Details) [Line Items]
Number of shares authorised (in Shares)					325,000

Partners' Capital_Share Capit_4

Partners' Capital/Share Capital (Details) - Schedule of number of shares and stated value of the outstanding shares $ in Thousands	Dec. 31, 2021CAD ($)shares
Common Shares [Member]
Partners' Capital/Share Capital (Details) - Schedule of number of shares and stated value of the outstanding shares [Line Items]
Number of shares (in Shares) | shares	74,252,460
Stated value	$ 26,580
Voting Participating Preferred Shares [Member]
Partners' Capital/Share Capital (Details) - Schedule of number of shares and stated value of the outstanding shares [Line Items]
Number of shares (in Shares) | shares	7,034,444
Stated value	$ 48,246
Non-Voting Participating Preferred Shares [Member]
Partners' Capital/Share Capital (Details) - Schedule of number of shares and stated value of the outstanding shares [Line Items]
Number of shares (in Shares) | shares	38,508,117
Stated value	$ 80,862
Director Voting Preferred Shares [Member]
Partners' Capital/Share Capital (Details) - Schedule of number of shares and stated value of the outstanding shares [Line Items]
Number of shares (in Shares) | shares	1,000
Stated value	$ 10
Share capital [Member]
Partners' Capital/Share Capital (Details) - Schedule of number of shares and stated value of the outstanding shares [Line Items]
Stated value	$ 155,698

Government Grant (Details)

Government Grant (Details) - CAD ($) $ in Millions	1 Months Ended	12 Months Ended
	May 31, 2019	Dec. 31, 2021	Dec. 31, 2020
Government Grant (Details) [Line Items]
Agreement for non-refundable, description	Telesat entered into an agreement for a non-refundable government contribution of a value up to $85 million to July 31, 2023 relating to the Telesat Lightspeed constellation.
Recorded relating to agreement		$ 14.8	$ 12
Satellites [Member]
Government Grant (Details) [Line Items]
Recorded as a reduction		10	8
Operating Expenses [Member]
Government Grant (Details) [Line Items]
Recorded as a reduction		$ 4.8	$ 4

Capital Disclosures (Details)

Capital Disclosures (Details)	12 Months Ended
	Dec. 31, 2021
Disclosure of classes of share capital [text block] [Abstract]
Percentage of credit facility amount	35.00%
Leverage ratio, description	the first lien net leverage ratio was 4.63:1.00 (December 31, 2020 – 3.43:1.00), which was less than the maximum test ratio of 5.75:1.00.

Capital Disclosures (Details) -

Capital Disclosures (Details) - Schedule of capital - CAD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020
Schedule of capital [Abstract]
Partners’ capital/Shareholders’ equity (excluding reserves)	$ 349,231	$ 1,422,212
Partnership units liability	1,309,800
Debt financing (excluding deferred financing costs, prepayment options and loss on repayment)	$ 3,794,657	$ 3,184,832

Financial Instruments (Details)

Financial Instruments (Details) - CAD ($) $ in Millions	1 Months Ended		12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2021	Dec. 31, 2020	Oct. 31, 2017
Financial Instruments (Details) [Line Items]
Maximum exposure to credit risk	$ 1,593.1	$ 924.2	$ 1,593.1	$ 924.2
Allowance for doubtful accounts	5.2	7.3	5.2	7.3
Borrowings before deferred financing costs	3,794.7	3,184.8	$ 3,794.7	3,184.8
Increase decrease in value of the canadian dollar			5.00%
Net increase impact of 5 percent increase (decrease)	174	158.5
Other comprehensive income impact of 5 percent increase (decrease)	$ 57	35.6
Fixed interest rates	2.04%		2.04%
Cash and cash equivalents	$ 81		$ 81
Short-term investments		$ 130.4		$ 130.4
Discount rate cash flow	4.60%	4.40%	4.60%	4.40%
Bottom of range [member]
Financial Instruments (Details) [Line Items]
Discount rate used to discount Canadian dollar cash flows	0.08%	0.08%	0.08%	0.08%
Top of range [member]
Financial Instruments (Details) [Line Items]
Discount rate used to discount Canadian dollar cash flows	1.37%	0.54%	1.37%	0.54%
North American [Member]
Financial Instruments (Details) [Line Items]
North American	54.00%	50.00%	54.00%	50.00%
International customers [Member]
Financial Instruments (Details) [Line Items]
North American	46.00%	50.00%	46.00%	50.00%
Interest Rates Floor [Member]
Financial Instruments (Details) [Line Items]
Percentage of variable interest rate	0.25%		0.25%
Net income loss impact of 0.25 percent change in interest rates			$ 4.9	$ 4.1
Term Loan B - Canadian Facility [Member]
Financial Instruments (Details) [Line Items]
Variable interest rate	$ 450		$ 450		$ 1,800
Term Loan B - Canadian Facility [Member] | Bottom of range [member]
Financial Instruments (Details) [Line Items]
Fixed interest rates					1.72%
Term Loan B - Canadian Facility [Member] | Top of range [member]
Financial Instruments (Details) [Line Items]
Fixed interest rates					2.04%

Financial Instruments (Detail_2

Financial Instruments (Details) - Schedule of maturity of financial assets $ in Thousands	Dec. 31, 2021CAD ($)
2022 [Member]
Financial Instruments (Details) - Schedule of maturity of financial assets [Line Items]
Total contractual maturities of financial assets	$ 1,576,797
2023 [Member]
Financial Instruments (Details) - Schedule of maturity of financial assets [Line Items]
Total contractual maturities of financial assets	6,014
2024 [Member]
Financial Instruments (Details) - Schedule of maturity of financial assets [Line Items]
Total contractual maturities of financial assets	2,936
2025 [Member]
Financial Instruments (Details) - Schedule of maturity of financial assets [Line Items]
Total contractual maturities of financial assets	1,420
2026 [Member]
Financial Instruments (Details) - Schedule of maturity of financial assets [Line Items]
Total contractual maturities of financial assets	1,333
Thereafter [Member]
Financial Instruments (Details) - Schedule of maturity of financial assets [Line Items]
Total contractual maturities of financial assets	3,607
Carrying amount [Member]
Financial Instruments (Details) - Schedule of maturity of financial assets [Line Items]
Total contractual maturities of financial assets	1,592,107
Cash and Cash Equivalents [Member] | 2022 [Member]
Financial Instruments (Details) - Schedule of maturity of financial assets [Line Items]
Total contractual maturities of financial assets	1,449,589
Cash and Cash Equivalents [Member] | 2023 [Member]
Financial Instruments (Details) - Schedule of maturity of financial assets [Line Items]
Total contractual maturities of financial assets
Cash and Cash Equivalents [Member] | 2024 [Member]
Financial Instruments (Details) - Schedule of maturity of financial assets [Line Items]
Total contractual maturities of financial assets
Cash and Cash Equivalents [Member] | 2025 [Member]
Financial Instruments (Details) - Schedule of maturity of financial assets [Line Items]
Total contractual maturities of financial assets
Cash and Cash Equivalents [Member] | 2026 [Member]
Financial Instruments (Details) - Schedule of maturity of financial assets [Line Items]
Total contractual maturities of financial assets
Cash and Cash Equivalents [Member] | Thereafter [Member]
Financial Instruments (Details) - Schedule of maturity of financial assets [Line Items]
Total contractual maturities of financial assets
Cash and Cash Equivalents [Member] | Carrying amount [Member]
Financial Instruments (Details) - Schedule of maturity of financial assets [Line Items]
Total contractual maturities of financial assets	1,449,589
Trade and other receivables, excluding deferred receivables [Member] | 2022 [Member]
Financial Instruments (Details) - Schedule of maturity of financial assets [Line Items]
Total contractual maturities of financial assets	117,144
Trade and other receivables, excluding deferred receivables [Member] | 2023 [Member]
Financial Instruments (Details) - Schedule of maturity of financial assets [Line Items]
Total contractual maturities of financial assets
Trade and other receivables, excluding deferred receivables [Member] | 2024 [Member]
Financial Instruments (Details) - Schedule of maturity of financial assets [Line Items]
Total contractual maturities of financial assets
Trade and other receivables, excluding deferred receivables [Member] | 2025 [Member]
Financial Instruments (Details) - Schedule of maturity of financial assets [Line Items]
Total contractual maturities of financial assets
Trade and other receivables, excluding deferred receivables [Member] | 2026 [Member]
Financial Instruments (Details) - Schedule of maturity of financial assets [Line Items]
Total contractual maturities of financial assets
Trade and other receivables, excluding deferred receivables [Member] | Thereafter [Member]
Financial Instruments (Details) - Schedule of maturity of financial assets [Line Items]
Total contractual maturities of financial assets
Trade and other receivables, excluding deferred receivables [Member] | Carrying amount [Member]
Financial Instruments (Details) - Schedule of maturity of financial assets [Line Items]
Total contractual maturities of financial assets	117,144
Deferred receivables [Member] | 2022 [Member]
Financial Instruments (Details) - Schedule of maturity of financial assets [Line Items]
Total contractual maturities of financial assets	5,554
Deferred receivables [Member] | 2023 [Member]
Financial Instruments (Details) - Schedule of maturity of financial assets [Line Items]
Total contractual maturities of financial assets	4,173
Deferred receivables [Member] | 2024 [Member]
Financial Instruments (Details) - Schedule of maturity of financial assets [Line Items]
Total contractual maturities of financial assets	2,936
Deferred receivables [Member] | 2025 [Member]
Financial Instruments (Details) - Schedule of maturity of financial assets [Line Items]
Total contractual maturities of financial assets	1,420
Deferred receivables [Member] | 2026 [Member]
Financial Instruments (Details) - Schedule of maturity of financial assets [Line Items]
Total contractual maturities of financial assets	1,333
Deferred receivables [Member] | Thereafter [Member]
Financial Instruments (Details) - Schedule of maturity of financial assets [Line Items]
Total contractual maturities of financial assets	2,834
Deferred receivables [Member] | Carrying amount [Member]
Financial Instruments (Details) - Schedule of maturity of financial assets [Line Items]
Total contractual maturities of financial assets	18,250
Due from Telesat Corporation [Member] | 2022 [Member]
Financial Instruments (Details) - Schedule of maturity of financial assets [Line Items]
Total contractual maturities of financial assets	3,649
Due from Telesat Corporation [Member] | 2023 [Member]
Financial Instruments (Details) - Schedule of maturity of financial assets [Line Items]
Total contractual maturities of financial assets
Due from Telesat Corporation [Member] | 2024 [Member]
Financial Instruments (Details) - Schedule of maturity of financial assets [Line Items]
Total contractual maturities of financial assets
Due from Telesat Corporation [Member] | 2025 [Member]
Financial Instruments (Details) - Schedule of maturity of financial assets [Line Items]
Total contractual maturities of financial assets
Due from Telesat Corporation [Member] | 2026 [Member]
Financial Instruments (Details) - Schedule of maturity of financial assets [Line Items]
Total contractual maturities of financial assets
Due from Telesat Corporation [Member] | Thereafter [Member]
Financial Instruments (Details) - Schedule of maturity of financial assets [Line Items]
Total contractual maturities of financial assets
Due from Telesat Corporation [Member] | Carrying amount [Member]
Financial Instruments (Details) - Schedule of maturity of financial assets [Line Items]
Total contractual maturities of financial assets	3,649
Other financial assets [Member] | 2022 [Member]
Financial Instruments (Details) - Schedule of maturity of financial assets [Line Items]
Total contractual maturities of financial assets	861
Other financial assets [Member] | 2023 [Member]
Financial Instruments (Details) - Schedule of maturity of financial assets [Line Items]
Total contractual maturities of financial assets	1,841
Other financial assets [Member] | 2024 [Member]
Financial Instruments (Details) - Schedule of maturity of financial assets [Line Items]
Total contractual maturities of financial assets
Other financial assets [Member] | 2025 [Member]
Financial Instruments (Details) - Schedule of maturity of financial assets [Line Items]
Total contractual maturities of financial assets
Other financial assets [Member] | 2026 [Member]
Financial Instruments (Details) - Schedule of maturity of financial assets [Line Items]
Total contractual maturities of financial assets
Other financial assets [Member] | Thereafter [Member]
Financial Instruments (Details) - Schedule of maturity of financial assets [Line Items]
Total contractual maturities of financial assets	773
Other financial assets [Member] | Carrying amount [Member]
Financial Instruments (Details) - Schedule of maturity of financial assets [Line Items]
Total contractual maturities of financial assets	$ 3,475

Financial Instruments (Detail_3

Financial Instruments (Details) - Schedule of contractual maturities of financial liabilities - CAD ($) $ in Thousands	Dec. 31, 2026	Dec. 31, 2025	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2008
Financial Instruments (Details) - Schedule of contractual maturities of financial liabilities [Line Items]
Total contractual maturities of financial liabilities						$ 6,083,661
2022 [Member]
Financial Instruments (Details) - Schedule of contractual maturities of financial liabilities [Line Items]
Total contractual maturities of financial liabilities					$ 1,551,433
2023 [Member]
Financial Instruments (Details) - Schedule of contractual maturities of financial liabilities [Line Items]
Total contractual maturities of financial liabilities				$ 171,580
2024 [Member]
Financial Instruments (Details) - Schedule of contractual maturities of financial liabilities [Line Items]
Total contractual maturities of financial liabilities			$ 169,415
2025 [Member]
Financial Instruments (Details) - Schedule of contractual maturities of financial liabilities [Line Items]
Total contractual maturities of financial liabilities		$ 166,375
2026 [Member]
Financial Instruments (Details) - Schedule of contractual maturities of financial liabilities [Line Items]
Total contractual maturities of financial liabilities	$ 2,756,911
Thereafter [Member]
Financial Instruments (Details) - Schedule of contractual maturities of financial liabilities [Line Items]
Total contractual maturities of financial liabilities						1,267,947
Carrying amount [Member]
Financial Instruments (Details) - Schedule of contractual maturities of financial liabilities [Line Items]
Total contractual maturities of financial liabilities						5,218,700
Trade and other payables [Member]
Financial Instruments (Details) - Schedule of contractual maturities of financial liabilities [Line Items]
Total contractual maturities of financial liabilities						53,761
Trade and other payables [Member] | 2022 [Member]
Financial Instruments (Details) - Schedule of contractual maturities of financial liabilities [Line Items]
Total contractual maturities of financial liabilities					53,761
Trade and other payables [Member] | 2023 [Member]
Financial Instruments (Details) - Schedule of contractual maturities of financial liabilities [Line Items]
Total contractual maturities of financial liabilities
Trade and other payables [Member] | 2024 [Member]
Financial Instruments (Details) - Schedule of contractual maturities of financial liabilities [Line Items]
Total contractual maturities of financial liabilities
Trade and other payables [Member] | 2025 [Member]
Financial Instruments (Details) - Schedule of contractual maturities of financial liabilities [Line Items]
Total contractual maturities of financial liabilities
Trade and other payables [Member] | 2026 [Member]
Financial Instruments (Details) - Schedule of contractual maturities of financial liabilities [Line Items]
Total contractual maturities of financial liabilities
Trade and other payables [Member] | Thereafter [Member]
Financial Instruments (Details) - Schedule of contractual maturities of financial liabilities [Line Items]
Total contractual maturities of financial liabilities
Trade and other payables [Member] | Carrying amount [Member]
Financial Instruments (Details) - Schedule of contractual maturities of financial liabilities [Line Items]
Total contractual maturities of financial liabilities						53,761
Customer and other deposits [Member]
Financial Instruments (Details) - Schedule of contractual maturities of financial liabilities [Line Items]
Total contractual maturities of financial liabilities						1,851
Customer and other deposits [Member] | 2022 [Member]
Financial Instruments (Details) - Schedule of contractual maturities of financial liabilities [Line Items]
Total contractual maturities of financial liabilities					1,376
Customer and other deposits [Member] | 2023 [Member]
Financial Instruments (Details) - Schedule of contractual maturities of financial liabilities [Line Items]
Total contractual maturities of financial liabilities				109
Customer and other deposits [Member] | 2024 [Member]
Financial Instruments (Details) - Schedule of contractual maturities of financial liabilities [Line Items]
Total contractual maturities of financial liabilities			17
Customer and other deposits [Member] | 2025 [Member]
Financial Instruments (Details) - Schedule of contractual maturities of financial liabilities [Line Items]
Total contractual maturities of financial liabilities		206
Customer and other deposits [Member] | 2026 [Member]
Financial Instruments (Details) - Schedule of contractual maturities of financial liabilities [Line Items]
Total contractual maturities of financial liabilities
Customer and other deposits [Member] | Thereafter [Member]
Financial Instruments (Details) - Schedule of contractual maturities of financial liabilities [Line Items]
Total contractual maturities of financial liabilities						143
Customer and other deposits [Member] | Carrying amount [Member]
Financial Instruments (Details) - Schedule of contractual maturities of financial liabilities [Line Items]
Total contractual maturities of financial liabilities						1,851
Satellite performance incentive payments [Member]
Financial Instruments (Details) - Schedule of contractual maturities of financial liabilities [Line Items]
Total contractual maturities of financial liabilities						37,740
Satellite performance incentive payments [Member] | 2022 [Member]
Financial Instruments (Details) - Schedule of contractual maturities of financial liabilities [Line Items]
Total contractual maturities of financial liabilities					8,903
Satellite performance incentive payments [Member] | 2023 [Member]
Financial Instruments (Details) - Schedule of contractual maturities of financial liabilities [Line Items]
Total contractual maturities of financial liabilities				7,466
Satellite performance incentive payments [Member] | 2024 [Member]
Financial Instruments (Details) - Schedule of contractual maturities of financial liabilities [Line Items]
Total contractual maturities of financial liabilities			5,300
Satellite performance incentive payments [Member] | 2025 [Member]
Financial Instruments (Details) - Schedule of contractual maturities of financial liabilities [Line Items]
Total contractual maturities of financial liabilities		3,111
Satellite performance incentive payments [Member] | 2026 [Member]
Financial Instruments (Details) - Schedule of contractual maturities of financial liabilities [Line Items]
Total contractual maturities of financial liabilities	3,169
Satellite performance incentive payments [Member] | Thereafter [Member]
Financial Instruments (Details) - Schedule of contractual maturities of financial liabilities [Line Items]
Total contractual maturities of financial liabilities						9,791
Satellite performance incentive payments [Member] | Carrying amount [Member]
Financial Instruments (Details) - Schedule of contractual maturities of financial liabilities [Line Items]
Total contractual maturities of financial liabilities						30,705
Other financial liabilities [Member]
Financial Instruments (Details) - Schedule of contractual maturities of financial liabilities [Line Items]
Total contractual maturities of financial liabilities						3,106
Other financial liabilities [Member] | 2022 [Member]
Financial Instruments (Details) - Schedule of contractual maturities of financial liabilities [Line Items]
Total contractual maturities of financial liabilities					3,106
Other financial liabilities [Member] | 2023 [Member]
Financial Instruments (Details) - Schedule of contractual maturities of financial liabilities [Line Items]
Total contractual maturities of financial liabilities
Other financial liabilities [Member] | 2024 [Member]
Financial Instruments (Details) - Schedule of contractual maturities of financial liabilities [Line Items]
Total contractual maturities of financial liabilities
Other financial liabilities [Member] | 2025 [Member]
Financial Instruments (Details) - Schedule of contractual maturities of financial liabilities [Line Items]
Total contractual maturities of financial liabilities
Other financial liabilities [Member] | 2026 [Member]
Financial Instruments (Details) - Schedule of contractual maturities of financial liabilities [Line Items]
Total contractual maturities of financial liabilities
Other financial liabilities [Member] | Thereafter [Member]
Financial Instruments (Details) - Schedule of contractual maturities of financial liabilities [Line Items]
Total contractual maturities of financial liabilities
Other financial liabilities [Member] | Carrying amount [Member]
Financial Instruments (Details) - Schedule of contractual maturities of financial liabilities [Line Items]
Total contractual maturities of financial liabilities						3,106
Interest rate swaps [Member]
Financial Instruments (Details) - Schedule of contractual maturities of financial liabilities [Line Items]
Total contractual maturities of financial liabilities						5,582
Interest rate swaps [Member] | 2022 [Member]
Financial Instruments (Details) - Schedule of contractual maturities of financial liabilities [Line Items]
Total contractual maturities of financial liabilities					5,582
Interest rate swaps [Member] | 2023 [Member]
Financial Instruments (Details) - Schedule of contractual maturities of financial liabilities [Line Items]
Total contractual maturities of financial liabilities
Interest rate swaps [Member] | 2024 [Member]
Financial Instruments (Details) - Schedule of contractual maturities of financial liabilities [Line Items]
Total contractual maturities of financial liabilities
Interest rate swaps [Member] | 2025 [Member]
Financial Instruments (Details) - Schedule of contractual maturities of financial liabilities [Line Items]
Total contractual maturities of financial liabilities
Interest rate swaps [Member] | 2026 [Member]
Financial Instruments (Details) - Schedule of contractual maturities of financial liabilities [Line Items]
Total contractual maturities of financial liabilities
Interest rate swaps [Member] | Thereafter [Member]
Financial Instruments (Details) - Schedule of contractual maturities of financial liabilities [Line Items]
Total contractual maturities of financial liabilities
Interest rate swaps [Member] | Carrying amount [Member]
Financial Instruments (Details) - Schedule of contractual maturities of financial liabilities [Line Items]
Total contractual maturities of financial liabilities						5,367
Partnership units liability [Member]
Financial Instruments (Details) - Schedule of contractual maturities of financial liabilities [Line Items]
Total contractual maturities of financial liabilities						1,309,800
Partnership units liability [Member] | 2022 [Member]
Financial Instruments (Details) - Schedule of contractual maturities of financial liabilities [Line Items]
Total contractual maturities of financial liabilities					1,309,800
Partnership units liability [Member] | 2023 [Member]
Financial Instruments (Details) - Schedule of contractual maturities of financial liabilities [Line Items]
Total contractual maturities of financial liabilities
Partnership units liability [Member] | 2024 [Member]
Financial Instruments (Details) - Schedule of contractual maturities of financial liabilities [Line Items]
Total contractual maturities of financial liabilities
Partnership units liability [Member] | 2025 [Member]
Financial Instruments (Details) - Schedule of contractual maturities of financial liabilities [Line Items]
Total contractual maturities of financial liabilities
Partnership units liability [Member] | 2026 [Member]
Financial Instruments (Details) - Schedule of contractual maturities of financial liabilities [Line Items]
Total contractual maturities of financial liabilities
Partnership units liability [Member] | Thereafter [Member]
Financial Instruments (Details) - Schedule of contractual maturities of financial liabilities [Line Items]
Total contractual maturities of financial liabilities
Partnership units liability [Member] | Carrying amount [Member]
Financial Instruments (Details) - Schedule of contractual maturities of financial liabilities [Line Items]
Total contractual maturities of financial liabilities						1,309,800
Indebtedness [Member]
Financial Instruments (Details) - Schedule of contractual maturities of financial liabilities [Line Items]
Total contractual maturities of financial liabilities						4,671,821
Indebtedness [Member] | 2022 [Member]
Financial Instruments (Details) - Schedule of contractual maturities of financial liabilities [Line Items]
Total contractual maturities of financial liabilities					$ 168,905
Indebtedness [Member] | 2023 [Member]
Financial Instruments (Details) - Schedule of contractual maturities of financial liabilities [Line Items]
Total contractual maturities of financial liabilities				$ 164,005
Indebtedness [Member] | 2024 [Member]
Financial Instruments (Details) - Schedule of contractual maturities of financial liabilities [Line Items]
Total contractual maturities of financial liabilities			$ 164,098
Indebtedness [Member] | 2025 [Member]
Financial Instruments (Details) - Schedule of contractual maturities of financial liabilities [Line Items]
Total contractual maturities of financial liabilities		$ 163,058
Indebtedness [Member] | 2026 [Member]
Financial Instruments (Details) - Schedule of contractual maturities of financial liabilities [Line Items]
Total contractual maturities of financial liabilities	$ 2,753,742
Indebtedness [Member] | Thereafter [Member]
Financial Instruments (Details) - Schedule of contractual maturities of financial liabilities [Line Items]
Total contractual maturities of financial liabilities						1,258,013
Indebtedness [Member] | Carrying amount [Member]
Financial Instruments (Details) - Schedule of contractual maturities of financial liabilities [Line Items]
Total contractual maturities of financial liabilities						$ 3,814,110

Financial Instruments (Detail_4

Financial Instruments (Details) - Schedule of interest payable and interest payments $ in Thousands	Dec. 31, 2021CAD ($)
Satellite performance incentive payments [Member]
Financial Instruments (Details) - Schedule of interest payable and interest payments [Line Items]
Interest payable	$ 361
Interest payments	7,304
Indebtedness [Member]
Financial Instruments (Details) - Schedule of interest payable and interest payments [Line Items]
Interest payable	19,453
Interest payments	$ 877,164

Financial Instruments (Detail_5

Financial Instruments (Details) - Schedule of financial assets and financial liabilities and fair values hierarchy - CAD ($) $ in Thousands		Dec. 31, 2021	Dec. 31, 2020
Financial Instruments (Details) - Schedule of financial assets and financial liabilities and fair values hierarchy [Line Items]
Trade and other receivables		$ 122,698	$ 51,928
Other current financial assets		4,510	448
Other long-term financial assets		16,348	53,425
Trade and other payables		(53,761)	(30,091)
Other current financial liabilities		(36,647)	(35,880)
Other long-term financial liabilities		(23,835)	(35,499)
Partnership units liability		23,835	35,499
Indebtedness		3,794,657	3,184,832
Total		(3,625,555)	(2,362,123)
FVTPL [Member]
Financial Instruments (Details) - Schedule of financial assets and financial liabilities and fair values hierarchy [Line Items]
Trade and other receivables
Trade and other payables
Total		(1,314,129)	12,237
Amortized cost [Member]
Financial Instruments (Details) - Schedule of financial assets and financial liabilities and fair values hierarchy [Line Items]
Trade and other receivables		122,698	51,928
Trade and other payables		(53,761)	(30,091)
Total		(2,311,426)	(2,374,360)
Level 1 [Member]
Financial Instruments (Details) - Schedule of financial assets and financial liabilities and fair values hierarchy [Line Items]
Cash and cash equivalents		1,449,589	818,378
Other current financial assets		4,510	448
Level 1 [Member] | FVTPL [Member]
Financial Instruments (Details) - Schedule of financial assets and financial liabilities and fair values hierarchy [Line Items]
Cash and cash equivalents
Other current financial assets
Level 1 [Member] | Amortized cost [Member]
Financial Instruments (Details) - Schedule of financial assets and financial liabilities and fair values hierarchy [Line Items]
Cash and cash equivalents		1,449,589	818,378
Other current financial assets		4,510	448
Level 1 & Level 2 [Member]
Financial Instruments (Details) - Schedule of financial assets and financial liabilities and fair values hierarchy [Line Items]
Other long-term financial assets	[1]	16,348	53,425
Level 1 & Level 2 [Member] | FVTPL [Member]
Financial Instruments (Details) - Schedule of financial assets and financial liabilities and fair values hierarchy [Line Items]
Other long-term financial assets	[1]	1,038	30,266
Level 1 & Level 2 [Member] | Amortized cost [Member]
Financial Instruments (Details) - Schedule of financial assets and financial liabilities and fair values hierarchy [Line Items]
Other long-term financial assets	[1]	15,310	23,159
Level 2 [Member]
Financial Instruments (Details) - Schedule of financial assets and financial liabilities and fair values hierarchy [Line Items]
Other current financial liabilities		(36,647)	(35,880)
Other long-term financial liabilities		(23,835)	(35,499)
Partnership units liability		(1,309,800)
Indebtedness	[2]	(3,794,657)	(3,184,832)
Level 2 [Member] | FVTPL [Member]
Financial Instruments (Details) - Schedule of financial assets and financial liabilities and fair values hierarchy [Line Items]
Other current financial liabilities		(5,367)	(12,581)
Other long-term financial liabilities			(5,448)
Partnership units liability		(1,309,800)
Indebtedness	[2]
Level 2 [Member] | Amortized cost [Member]
Financial Instruments (Details) - Schedule of financial assets and financial liabilities and fair values hierarchy [Line Items]
Other current financial liabilities		(31,280)	(23,299)
Other long-term financial liabilities		(23,835)	(30,051)
Partnership units liability
Indebtedness	[2]	(3,794,657)	(3,184,832)
Fair value [Member]
Financial Instruments (Details) - Schedule of financial assets and financial liabilities and fair values hierarchy [Line Items]
Trade and other receivables		122,698	51,928
Trade and other payables		(53,761)	(30,091)
Total		(3,147,293)	(2,394,733)
Fair value [Member] | Level 1 [Member]
Financial Instruments (Details) - Schedule of financial assets and financial liabilities and fair values hierarchy [Line Items]
Cash and cash equivalents		1,449,589	818,378
Other current financial assets		4,510	448
Fair value [Member] | Level 1 & Level 2 [Member]
Financial Instruments (Details) - Schedule of financial assets and financial liabilities and fair values hierarchy [Line Items]
Other long-term financial assets	[1]	16,348	53,425
Fair value [Member] | Level 2 [Member]
Financial Instruments (Details) - Schedule of financial assets and financial liabilities and fair values hierarchy [Line Items]
Other current financial liabilities		(38,250)	(37,921)
Other long-term financial liabilities		(24,240)	(36,357)
Partnership units liability		(1,309,800)
Indebtedness	[2]	$ (3,314,387)	$ (3,214,543)
[1]	Other long-term financial assets classified as fair value through profit or loss were calculated using level 2 of the fair value hierarchy. All other balances were calculated using level 1 of the fair value hierarchy.
[2]	Indebtedness excludes deferred financing costs, prepayment options and loss on prepayment.

Financial Instruments (Detail_6

Financial Instruments (Details) - Schedule of calculation of the fair value of the indebtedness - Recurring fair value measurement [member]	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020
6.5% Senior Notes [Member]
Financial Instruments (Details) - Schedule of calculation of the fair value of the indebtedness [Line Items]
Term Loan	77.65%	104.76%
4.875% Senior Secured Notes [Member]
Financial Instruments (Details) - Schedule of calculation of the fair value of the indebtedness [Line Items]
Term Loan	88.72%	103.64%
5.625% Senior Secured Notes [Member]
Financial Instruments (Details) - Schedule of calculation of the fair value of the indebtedness [Line Items]
Term Loan	94.09%
Term Loan B – U.S. Facility [Member] | Senior Secured Credit Facilities [Member]
Financial Instruments (Details) - Schedule of calculation of the fair value of the indebtedness [Line Items]
Term Loan	88.25%	98.88%

Financial Instruments (Detail_7

Financial Instruments (Details) - Schedule of current and long-term portions of the fair value of the company’s derivative assets and liabilities $ in Thousands	Dec. 31, 2021CAD ($)
Financial Instruments (Details) - Schedule of current and long-term portions of the fair value of the company’s derivative assets and liabilities [Line Items]
Other long-term financial assets	$ 1,038
Other current financial liabilities	(5,367)
Total	(4,329)
Level 2 [Member]
Financial Instruments (Details) - Schedule of current and long-term portions of the fair value of the company’s derivative assets and liabilities [Line Items]
Other long-term financial assets	30,266
Other current financial liabilities	(12,581)
Other long-term financial liabilities	(5,448)
Total	12,237
Interest rate swaps [Member]
Financial Instruments (Details) - Schedule of current and long-term portions of the fair value of the company’s derivative assets and liabilities [Line Items]
Other long-term financial assets
Other current financial liabilities	(5,367)
Total	(5,367)
Interest rate swaps [Member] | Level 2 [Member]
Financial Instruments (Details) - Schedule of current and long-term portions of the fair value of the company’s derivative assets and liabilities [Line Items]
Other long-term financial assets
Other current financial liabilities	(12,581)
Other long-term financial liabilities	(5,448)
Total	(18,029)
Prepayment options [Member]
Financial Instruments (Details) - Schedule of current and long-term portions of the fair value of the company’s derivative assets and liabilities [Line Items]
Other long-term financial assets	1,038
Other current financial liabilities
Total	1,038
Prepayment options [Member] | Level 2 [Member]
Financial Instruments (Details) - Schedule of current and long-term portions of the fair value of the company’s derivative assets and liabilities [Line Items]
Other long-term financial assets	30,266
Other current financial liabilities
Other long-term financial liabilities
Total	$ 30,266

Financial Instruments (Detail_8

Financial Instruments (Details) - Schedule of reconciliation of fair value of derivative assets and liabilities - CAD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020
Schedule of reconciliation of fair value of derivative assets and liabilities [Abstract]
Fair value, Beginning Balance	$ 12,237	$ 24,905
Unrealized losses on derivatives
Prepayment options	(31,196)	(2,308)
Interest rate swaps	12,512	(10,807)
Impact of foreign exchange	222	447
Fair value, Ending Balance	$ (4,329)	12,237
Derivatives recognized at inception
Prepayment option – 2026 Senior Secured Notes		$ 1,896

Share-Based Compensation Plan_2

Share-Based Compensation Plans (Details) $ in Millions	1 Months Ended				12 Months Ended
	Nov. 18, 2021shares	Apr. 30, 2021CAD ($)shares	Dec. 31, 2013shares	Dec. 31, 2008shares	Dec. 31, 2021USD ($)	Dec. 31, 2018shares	Dec. 31, 2020USD ($)
Disclosure of share-based payment arrangements [text block] [Abstract]
Preferred shares issued		3,660,000	8,680,399	8,824,646
Stock option issued			1,446,797	738,667
Stock option outstanding			1,446,797	738,667
stock options converted		3,530,000	1,446,797	738,667
Corporation stock options		1,460,008	595,290	305,499
Issuance of restricted share units						200,000
Restricted share units						3 years
stock incentive plan, description					Under the stock incentive plans, two different types of stock options could be granted: time-vesting options and performance-vesting options. The time-vesting options generally become vested and exercisable over a five-year period by 20% annual increments. The performance-vesting options become vested and exercisable over a five-year period, provided that the Company has achieved or exceeded an annual or cumulative target consolidated EBITDA established by the Board of Directors. The exercise period of the stock options expires 10 years from the grant date. The exercise price of each share underlying the options will be the higher of a fixed price, established by the Board of Directors on the grant date, and the fair market value of a Non-Voting Participating Preferred Share on the grant date. Both plans authorized the Board of Directors to grant tandem SARs, at their discretion.
Stock option issued and outstanding		6,197,776
Non-cash operating expense (in Dollars)		$ 8.5			$ 8,500,000
Percentage of preferred shares outstanding		10.00%
Total restricted share unit		3,530,000
Public share reserved for issuance	2,972,816
Stock options granted (in Dollars) | $					$ 25.94		$ 25.94

Share-Based Compensation Plan_3

Share-Based Compensation Plans (Details) - Schedule of share-based compensation expense included in the consolidated statements of income - CAD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Schedule of share-based compensation expense included in the consolidated statements of income [Abstract]
Operating expenses	$ 73,723	$ 12,500	$ 16,035

Share-Based Compensation Plan_4

Share-Based Compensation Plans (Details) - Schedule of number of stock options outstanding and their weighted average exercise price	12 Months Ended
	Dec. 31, 2021$ / sharesshares	Dec. 31, 2020$ / sharesshares
Share-Based Compensation Plans (Details) - Schedule of number of stock options outstanding and their weighted average exercise price [Line Items]
Number of options outstanding at beginning
Weighted average exercise price at beginning (in Dollars per share) | $ / shares
Number of options granted
Number of options forfeited
Number of options exercised
Number of options exchanged upon close of transaction	900,789
Number of options expired
Number of options outstanding at beginning	900,789
Weighted average exercise price at beginning (in Dollars per share) | $ / shares	$ 48.77
Number of options cancelled
Time vesting option plans [Member]
Share-Based Compensation Plans (Details) - Schedule of number of stock options outstanding and their weighted average exercise price [Line Items]
Number of options outstanding at beginning	7,948,568	7,544,617
Weighted average exercise price at beginning (in Dollars per share) | $ / shares	$ 25.83	$ 25.63
Number of options granted	77,500	650,000
Number of options forfeited	(46,761)	(246,049)
Number of options exercised	(600)
Number of options exchanged upon close of transaction	(1,780,932)
Number of options expired
Number of options outstanding at beginning		7,948,568
Weighted average exercise price at beginning (in Dollars per share) | $ / shares		$ 25.83
Number of options cancelled	(6,197,775)
Performance vesting option plans [Member]
Share-Based Compensation Plans (Details) - Schedule of number of stock options outstanding and their weighted average exercise price [Line Items]
Number of options outstanding at beginning	406,262	409,953
Weighted average exercise price at beginning (in Dollars per share) | $ / shares	$ 11.07	$ 11.07
Number of options granted
Number of options forfeited	(9,229)	(3,691)
Number of options exercised
Number of options exchanged upon close of transaction	(397,033)
Number of options expired
Number of options outstanding at beginning		406,262
Weighted average exercise price at beginning (in Dollars per share) | $ / shares		$ 11.07
Number of options cancelled

Share-Based Compensation Plan_5

Share-Based Compensation Plans (Details) - Schedule of stock options that are exercisable and the weighted average remaining life - shares	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020
Schedule of stock options that are exercisable and the weighted average remaining life [Abstract]
Telesat Canada time vesting options		5,779,565
Telesat Canada performance vesting options		406,266
Telesat Corporation time vesting options	875,880
Weighted average remaining life	2 years	6 years

Share-Based Compensation Plan_6

Share-Based Compensation Plans (Details) - Schedule of share-based compensation expense for stock options using the Black-Scholes option pricing model	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Schedule of share-based compensation expense for stock options using the Black-Scholes option pricing model [Abstract]
Dividend yield
Expected volatility	35.00%	32.70%	32.40%
Risk-free interest rate	1.85%	2.79%	2.93%
Expected life (years)	10 years	10 years	10 years

Share-Based Compensation Plan_7

Share-Based Compensation Plans (Details) - Schedule of number of restricted share units outstanding - shares	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020
Telesat Canada [Member]
Share-Based Compensation Plans (Details) - Schedule of number of restricted share units outstanding [Line Items]
RSUs with time criteria outstanding at beginning	66,667	133,333
RSUs with time and performance criteria outstanding at beginning
RSUs with time criteria granted	3,230,000
RSUs with time and performance criteria granted	300,000
RSUs with time criteria exchange upon close of Transaction	(3,296,667)
RSUs with time and performance criteria exchange upon close of Transaction	(300,000)
RSUs with time criteria outstanding at ending		66,667
RSUs with time and performance criteria at ending
RSUs with time criteria settled		(66,666)
RSUs with time and performance criteria settled
Telesat Corporation [Member]
Share-Based Compensation Plans (Details) - Schedule of number of restricted share units outstanding [Line Items]
RSUs with time criteria outstanding at beginning
RSUs with time and performance criteria outstanding at beginning
RSUs with time criteria granted
RSUs with time and performance criteria granted
RSUs with time criteria exchange upon close of Transaction	1,363,501
RSUs with time and performance criteria exchange upon close of Transaction	124,080
RSUs with time criteria outstanding at ending	1,363,501
RSUs with time and performance criteria at ending	124,080
RSUs with time criteria settled
RSUs with time and performance criteria settled

Employee Benefit Plans (Details

Employee Benefit Plans (Details) - CAD ($) $ in Millions	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020
Employee Benefit Plans (Details) [Line Items]
Contributions to defined benefit plans (in Dollars)	$ 2.4	$ 1.9
Weighted average duration of the defined benefit obligation	14 years
Weighted average duration of the current service cost	27 years
Description of medical trend rate	For certain Canadian Post-retirement Plans the above trend rates are applicable for 2021 to 2029 which will decrease linearly to 4.75% in 2029 and grading down to an ultimate rate of 3.57 % per annum in 2040 and thereafter.
Canadian Pension Plans [Member]
Employee Benefit Plans (Details) [Line Items]
Weighted average duration of the defined benefit obligation	15 years
Weighted average duration of the current service cost	22 years
US Pension Plans [Member]
Employee Benefit Plans (Details) [Line Items]
Weighted average duration of the defined benefit obligation	13 years
Forecast [Member] | Defined Contribution Plan [Member]
Employee Benefit Plans (Details) [Line Items]
Expected contributions (in Dollars)	$ 4.2
Forecast [Member] | Canadian Defined Benefit Plans [Member]
Employee Benefit Plans (Details) [Line Items]
Expected contributions (in Dollars)	$ 0.9

Employee Benefit Plans (Detai_2

Employee Benefit Plans (Details) - Schedule of expenses included on consolidated statements of income and consolidated statements of comprehensive income - CAD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Employee Benefit Plans (Details) - Schedule of expenses included on consolidated statements of income and consolidated statements of comprehensive income [Line Items]
Operating expenses	$ 166	$ 145	$ 116
Interest expense	644	746	815
Consolidated statements of comprehensive income
Actuarial (gains) losses on employee benefit plans	958	2,303	2,191
Pension Plans Canadian [Member]
Employee Benefit Plans (Details) - Schedule of expenses included on consolidated statements of income and consolidated statements of comprehensive income [Line Items]
Operating expenses	7,893
Interest expense	743
Consolidated statements of comprehensive income
Actuarial (gains) losses on employee benefit plans	(55,582)
Pension Plans US [Member]
Employee Benefit Plans (Details) - Schedule of expenses included on consolidated statements of income and consolidated statements of comprehensive income [Line Items]
Operating expenses	74
Interest expense	53
Consolidated statements of comprehensive income
Actuarial (gains) losses on employee benefit plans	(798)
Pension Plans [Member]
Employee Benefit Plans (Details) - Schedule of expenses included on consolidated statements of income and consolidated statements of comprehensive income [Line Items]
Operating expenses	7,967
Interest expense	796
Consolidated statements of comprehensive income
Actuarial (gains) losses on employee benefit plans	(56,380)
Other Post-employment Benefit Plans Canadian [Member]
Employee Benefit Plans (Details) - Schedule of expenses included on consolidated statements of income and consolidated statements of comprehensive income [Line Items]
Operating expenses	166
Interest expense	552
Consolidated statements of comprehensive income
Actuarial (gains) losses on employee benefit plans	987
Other Post-employment Benefit Plans US [Member]
Employee Benefit Plans (Details) - Schedule of expenses included on consolidated statements of income and consolidated statements of comprehensive income [Line Items]
Operating expenses
Interest expense	92	128	150
Consolidated statements of comprehensive income
Actuarial (gains) losses on employee benefit plans	$ (29)	617	658
Canadian Pension Plans [Member]
Employee Benefit Plans (Details) - Schedule of expenses included on consolidated statements of income and consolidated statements of comprehensive income [Line Items]
Operating expenses		7,188	6,198
Interest expense		423	524
Consolidated statements of comprehensive income
Actuarial (gains) losses on employee benefit plans		11,390	(3,325)
Other Post-employment Benefit Plans Canadian [Member]
Employee Benefit Plans (Details) - Schedule of expenses included on consolidated statements of income and consolidated statements of comprehensive income [Line Items]
Operating expenses		145	116
Interest expense		618	665
Consolidated statements of comprehensive income
Actuarial (gains) losses on employee benefit plans		$ 1,686	$ 1,533

Employee Benefit Plans (Detai_3

Employee Benefit Plans (Details) - Schedule of balance sheet obligations, distributed between pension and other post-employment benefits - CAD ($) $ in Thousands	Dec. 31, 2021	Dec. 31, 2020
Included in other long-term liabilities
Pension benefits	$ 17,927	$ 22,070
Other post-employment benefits	27,294	25,914
Accrued benefit liabilities (Note 23)	45,221	47,984
Included in other long-term assets
Pension benefits (Note 15)	$ 30,105

Employee Benefit Plans (Detai_4

Employee Benefit Plans (Details) - Schedule of funded statuses of the benefit plans and accrued benefit liabilities balance - CAD ($) $ in Thousands	Dec. 31, 2021	Dec. 31, 2020
Pension Plans Canadian [Member]
Employee Benefit Plans (Details) - Schedule of funded statuses of the benefit plans and accrued benefit liabilities balance [Line Items]
Present value of funded obligations	$ 348,526	$ 375,222
Fair value of plan assets	(379,740)	(354,385)
Surplus deficit in plan	(31,214)	20,837
Present value of unfunded obligations	1,109	1,233
(Pension benefits) accrued benefit liabilities	(30,105)	22,070
Pension Plans US [Member]
Employee Benefit Plans (Details) - Schedule of funded statuses of the benefit plans and accrued benefit liabilities balance [Line Items]
Present value of funded obligations	72,906
Fair value of plan assets	(54,979)
Surplus deficit in plan	17,927
Present value of unfunded obligations
(Pension benefits) accrued benefit liabilities	17,927
Pension Plans Total [Member]
Employee Benefit Plans (Details) - Schedule of funded statuses of the benefit plans and accrued benefit liabilities balance [Line Items]
Present value of funded obligations	421,432	375,222
Fair value of plan assets	(434,719)	(354,385)
Surplus deficit in plan	(13,287)	20,837
Present value of unfunded obligations	1,109	1,233
(Pension benefits) accrued benefit liabilities	(12,178)	22,070
Other Post-employment Benefit Plans Canadian [Member]
Employee Benefit Plans (Details) - Schedule of funded statuses of the benefit plans and accrued benefit liabilities balance [Line Items]
Present value of funded obligations
Fair value of plan assets
Surplus deficit in plan
Present value of unfunded obligations	22,429	21,403
(Pension benefits) accrued benefit liabilities	22,429	21,403
Other Post-employment Benefit Plans US [Member]
Employee Benefit Plans (Details) - Schedule of funded statuses of the benefit plans and accrued benefit liabilities balance [Line Items]
Present value of funded obligations
Fair value of plan assets
Surplus deficit in plan
Present value of unfunded obligations	4,865	4,511
(Pension benefits) accrued benefit liabilities	4,865	4,511
Other Post-employment Benefit Plans Total [Member]
Employee Benefit Plans (Details) - Schedule of funded statuses of the benefit plans and accrued benefit liabilities balance [Line Items]
Present value of funded obligations
Fair value of plan assets
Surplus deficit in plan
Present value of unfunded obligations	27,294	25,914
(Pension benefits) accrued benefit liabilities	$ 27,294	$ 25,914

Employee Benefit Plans (Detai_5

Employee Benefit Plans (Details) - Schedule of changes in benefit obligations and fair value of plan assets $ in Thousands, $ in Thousands	12 Months Ended
	Dec. 31, 2021CAD ($)	Dec. 31, 2021USD ($)	Dec. 31, 2020CAD ($)	Dec. 31, 2020USD ($)	Dec. 31, 2021USD ($)	Dec. 31, 2020USD ($)
Canadian Pension Plans [Member]
Change in benefits obligations
Benefit obligation, at beginning of year	$ 376,455		$ 332,823
Initial balance from transaction
Current service cost	7,462		6,695
Interest expense	9,872		10,723
Remeasurements
Actuarial gains arising from plan experience	(556)		2,212
Actuarial gains from change in demographic assumptions
Actuarial gains from changes in financial assumptions	(33,099)		33,278
Benefits paid	(11,067)		(10,294)
Remeasurements
Contributions by plan participants	1,001		1,018
Foreign exchange & other	(433)
Benefit obligation, at end of year	349,635		376,455
(Pension benefits) accrued benefit liabilities, at ending of year	(30,105)		22,070
Pension Plans US [Member]
Change in benefits obligations
Benefit obligation, at beginning of year
Initial balance from transaction		74,113
Current service cost		74
Interest expense		235
Remeasurements
Actuarial gains arising from plan experience		(70)
Actuarial gains from change in demographic assumptions
Actuarial gains from changes in financial assumptions		(942)
Benefits paid		(488)
Remeasurements
Foreign exchange & other		13
Contributions by plan participants		1
Foreign exchange & other		(17)
Benefit obligation, at end of year		72,906
(Pension benefits) accrued benefit liabilities, at ending of year					$ 17,927
Pension Plans Total [Member]
Change in benefits obligations
Benefit obligation, at beginning of year		376,455
Initial balance from transaction		74,113
Current service cost		7,536
Interest expense		10,107
Remeasurements
Actuarial gains arising from plan experience		(626)
Actuarial gains from change in demographic assumptions
Actuarial gains from changes in financial assumptions		(34,041)
Benefits paid		(11,555)
Remeasurements
Foreign exchange & other		13
Contributions by plan participants		1,002
Foreign exchange & other		(450)
Benefit obligation, at end of year		422,541		376,455
(Pension benefits) accrued benefit liabilities, at ending of year					(12,178)
Other Post-employment Benefit Plans Canadian [Member]
Change in benefits obligations
Benefit obligation, at beginning of year	21,403		19,399
Initial balance from transaction
Current service cost	166		145
Interest expense	552		618
Remeasurements
Actuarial gains arising from plan experience	4,895
Actuarial gains from change in demographic assumptions
Actuarial gains from changes in financial assumptions	(3,908)		1,735
Benefits paid	(590)		(494)
Remeasurements
Contributions by plan participants
Foreign exchange & other	(89)
Benefit obligation, at end of year	22,429		21,403
(Pension benefits) accrued benefit liabilities, at ending of year	22,429		21,403
Other Post-employment Benefit Plans US [Member]
Change in benefits obligations
Benefit obligation, at beginning of year		4,511		4,109
Initial balance from transaction		646
Current service cost
Interest expense		92		128
Remeasurements
Actuarial gains arising from plan experience		246		184
Actuarial gains from change in demographic assumptions		(1)		11
Actuarial gains from changes in financial assumptions		(274)		373
Benefits paid		(388)		(232)
Remeasurements
Contributions by plan participants
Foreign exchange & other		33		(62)
Benefit obligation, at end of year		4,865		4,511
(Pension benefits) accrued benefit liabilities, at ending of year					4,865	$ 4,511
Other Post-employment Benefit Plans Total [Member]
Change in benefits obligations
Benefit obligation, at beginning of year		25,914		23,508
Initial balance from transaction		646
Current service cost		166		145
Interest expense		644		746
Remeasurements
Actuarial gains arising from plan experience		5,141		184
Actuarial gains from change in demographic assumptions		(1)		11
Actuarial gains from changes in financial assumptions		(4,182)		2,108
Benefits paid		(978)		(726)
Remeasurements
Contributions by plan participants
Foreign exchange & other		(56)		(62)
Benefit obligation, at end of year		27,294		25,914
(Pension benefits) accrued benefit liabilities, at ending of year					$ 27,294	$ 25,914
Plan assets [member] | Canadian Pension Plans [Member]
Change in benefits obligations
Fair value of plan assets, at beginning of year	(354,385)		(324,257)
Initial balance from transaction
Remeasurements
Benefits paid	11,067		10,294
Remeasurements
Return on plan assets, excluding interest income	(21,927)		(24,100)
Administrative costs	431		493
Fair value of plan assets, at end of year	(379,740)		(354,385)
Contributions by plan participants	(1,001)		(1,018)
Contributions by employer	(4,796)		(5,497)
Interest income	(9,129)		(10,300)
Plan assets [member] | Pension Plans US [Member]
Change in benefits obligations
Fair value of plan assets, at beginning of year
Initial balance from transaction		(55,511)
Remeasurements
Benefits paid		488
Remeasurements
Return on plan assets, excluding interest income		214
Administrative costs
Fair value of plan assets, at end of year		(54,979)
Contributions by plan participants		(1)
Contributions by employer
Interest income		(182)
Plan assets [member] | Pension Plans Total [Member]
Change in benefits obligations
Fair value of plan assets, at beginning of year		(354,385)
Initial balance from transaction		(55,511)
Remeasurements
Benefits paid		11,555
Remeasurements
Return on plan assets, excluding interest income		(21,713)
Administrative costs		431
Fair value of plan assets, at end of year		(434,719)		(354,385)
Contributions by plan participants		(1,002)
Contributions by employer		(4,796)
Interest income		(9,311)
Plan assets [member] | Other Post-employment Benefit Plans Canadian [Member]
Change in benefits obligations
Fair value of plan assets, at beginning of year
Initial balance from transaction
Remeasurements
Benefits paid	(590)		494
Remeasurements
Return on plan assets, excluding interest income
Administrative costs
Fair value of plan assets, at end of year
Contributions by plan participants
Contributions by employer	590		(494)
Interest income
Plan assets [member] | Other Post-employment Benefit Plans US [Member]
Change in benefits obligations
Fair value of plan assets, at beginning of year
Initial balance from transaction
Remeasurements
Benefits paid		(388)		232
Remeasurements
Return on plan assets, excluding interest income
Administrative costs
Fair value of plan assets, at end of year
Contributions by plan participants
Contributions by employer		388		(232)
Interest income
Plan assets [member] | Other Post-employment Benefit Plans Total [Member]
Change in benefits obligations
Fair value of plan assets, at beginning of year
Initial balance from transaction
Remeasurements
Benefits paid		(978)		726
Remeasurements
Return on plan assets, excluding interest income
Administrative costs
Fair value of plan assets, at end of year
Contributions by plan participants
Contributions by employer		978		(726)
Interest income
Effect of asset ceiling [member] | Canadian Pension Plans [Member]
Change in benefits obligations
Fair value of plan assets, at beginning of year	(354,385)
Remeasurements
Fair value of plan assets, at end of year			(354,385)
Effect of asset ceiling [member] | Other Post-employment Benefit Plans Canadian [Member]
Change in benefits obligations
Fair value of plan assets, at beginning of year
Remeasurements
Fair value of plan assets, at end of year
Effect of asset ceiling [member] | Other Post-employment Benefit Plans US [Member]
Change in benefits obligations
Fair value of plan assets, at beginning of year
Remeasurements
Fair value of plan assets, at end of year
Effect of asset ceiling [member] | Other Post-employment Benefit Plans Total [Member]
Change in benefits obligations
Fair value of plan assets, at beginning of year
Remeasurements
Fair value of plan assets, at end of year

Employee Benefit Plans (Detai_6

Employee Benefit Plans (Details) - Schedule of estimated future benefit payments for defined benefit pension plans and other post-employment benefit plans $ in Thousands	12 Months Ended
	Dec. 31, 2021CAD ($)
Pension Plans [Member]
Employee Benefit Plans (Details) - Schedule of estimated future benefit payments for defined benefit pension plans and other post-employment benefit plans [Line Items]
2022	$ 15,169
2023	15,361
2024	16,416
2025	17,244
2026	18,232
2027 to 2031	101,879
Other Post-employment Benefit Plans [Member]
Employee Benefit Plans (Details) - Schedule of estimated future benefit payments for defined benefit pension plans and other post-employment benefit plans [Line Items]
2022	1,056
2023	1,072
2024	1,222
2025	1,263
2026	1,298
2027 to 2031	$ 7,121

Employee Benefit Plans (Detai_7

Employee Benefit Plans (Details) - Schedule of significant assumptions adopted in measuring pension and other benefit obligations	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020
Canadian Pension Plans [Member] | Equity Securities [Member] | Canada [Member]
Equity securities
Fair value plan assets	22.80%	22.90%
Canadian Pension Plans [Member] | Equity Securities [Member] | United States [Member]
Equity securities
Fair value plan assets	19.30%	19.70%
Canadian Pension Plans [Member] | Fixed income instruments [Member] | Canada [Member]
Equity securities
Fair value plan assets	42.30%	41.00%
Canadian Pension Plans [Member] | Cash and Cash Equivalents [Member] | Canada [Member]
Equity securities
Fair value plan assets	2.10%	2.10%
US Pension Plans [Member] | Equity Securities [Member] | United States [Member]
Equity securities
Fair value plan assets	33.40%
US Pension Plans [Member] | Equity Securities [Member] | International (other than United States) [Member]
Equity securities
Fair value plan assets	13.50%	14.30%
US Pension Plans [Member] | Equity Securities [Member] | International [Member]
Equity securities
Fair value plan assets	22.80%
US Pension Plans [Member] | Fixed income instruments [Member] | Canada [Member]
Equity securities
Fair value plan assets	0.40%
US Pension Plans [Member] | Fixed income instruments [Member] | International [Member]
Equity securities
Fair value plan assets	4.80%
US Pension Plans [Member] | Cash and Cash Equivalents [Member] | United States [Member]
Equity securities
Fair value plan assets	29.90%
US Pension Plans [Member] | Other Investments [Member] | United States [Member]
Equity securities
Fair value plan assets	4.40%
US Pension Plans [Member] | Other Investments [Member] | International [Member]
Equity securities
Fair value plan assets	4.30%

Employee Benefit Plans (Detai_8

Employee Benefit Plans (Details) - Schedule of impact on defined benefit obligation from one percent increase or decrease change in assumptions used	Dec. 31, 2021	Dec. 31, 2020
Canada [Member]
Actuarial benefit obligation
Discount rate	3.20%	2.60%
Benefit costs for the year ended
Discount rate	2.80%	3.20%
Future salary growth	2.50%	2.50%
United States of America, Dollars [Member]
Actuarial benefit obligation
Discount rate	2.85%
Benefit costs for the year ended
Discount rate	2.75%
Future salary growth

Employee Benefit Plans (Detai_9

Employee Benefit Plans (Details) - Schedule of other post-employment benefit plans	Dec. 31, 2021	Dec. 31, 2020
Canadian [Member]
Benefit costs for the year ended
Discount rate	3.20%	3.20%
US [Member]
Benefit costs for the year ended
Discount rate		2.95%
Health care cost trend rate
Other medical trend rates
Bottom of range [member] | Canadian [Member]
Benefit costs for the year ended
Health care cost trend rate	3.49%	3.49%
Other medical trend rates	4.00%	4.00%
Bottom of range [member] | US [Member]
Benefit costs for the year ended
Discount rate	2.50%
Top of range [member] | Canadian [Member]
Benefit costs for the year ended
Health care cost trend rate	5.49%	5.49%
Other medical trend rates	4.56%	4.56%
Top of range [member] | US [Member]
Benefit costs for the year ended
Discount rate	2.85%

Employee Benefit Plans (Deta_10

Employee Benefit Plans (Details) - Schedule of impact on defined benefit obligation from one percent increase or decrease change in assumptions $ in Thousands, $ in Thousands	Dec. 31, 2021CAD ($)	Dec. 31, 2021USD ($)	Dec. 31, 2020CAD ($)	Dec. 31, 2020USD ($)
Canadian [Member]
Employee Benefit Plans (Details) - Schedule of impact on defined benefit obligation from one percent increase or decrease change in assumptions [Line Items]
Increase / decrease discount rate		$ (45,732)	$ (53,058)
Increase / decrease future salary growth		58,488		$ 67,549
Increase / decrease discount rate		8,606		10,423
Increase / decrease future salary growth		(6,839)		(9,165)
Increase / decrease discount rate	$ (2,961)		$ (3,067)
Increase / decrease medical and dental trend rates		3,734		3,860
Increase / decrease discount rate		2,216		2,222
Increase / decrease medical and dental trend rates		(1,826)		(1,839)
US [Member]
Employee Benefit Plans (Details) - Schedule of impact on defined benefit obligation from one percent increase or decrease change in assumptions [Line Items]
Increase / decrease discount rate		(8,418)
Increase / decrease future salary growth		10,317
Increase / decrease discount rate
Increase / decrease future salary growth
Increase / decrease discount rate		(408)		(419)
Increase / decrease medical and dental trend rates		474		491
Increase / decrease discount rate
Increase / decrease medical and dental trend rates

Supplemental Cash Flow Inform_3

Supplemental Cash Flow Information (Details) - Schedule of cash and cash equivalents - CAD ($) $ in Thousands		Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2018
Schedule of cash and cash equivalents [Abstract]
Cash		$ 1,368,555	$ 687,967	$ 542,537
Short-term investments	[1]	81,034	130,411	484,685
Cash and cash equivalents		$ 1,449,589	$ 818,378	$ 1,027,222	$ 768,433
[1]	Consisted of short-term investments with an original maturity of three months or less or which are available on demand with no penalty for early redemption.

Supplemental Cash Flow Inform_4

Supplemental Cash Flow Information (Details) - Schedule of income taxes paid, net of income taxes received - CAD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Schedule of income taxes paid, net of income taxes received [Abstract]
Income taxes paid	$ (94,290)	$ (53,842)	$ (101,952)
Income taxes received	48	399	6,497
Income taxes paid, net of income taxes received	$ (94,242)	$ (53,443)	$ (95,455)

Supplemental Cash Flow Inform_5

Supplemental Cash Flow Information (Details) - Schedule of Interest paid, net of interest received - CAD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Schedule of Interest paid, net of interest received [Abstract]
Interest paid	$ (158,806)	$ (188,969)	$ (195,671)
Interest received	4,373	8,997	19,559
Interest paid, net of interest received	$ (154,433)	$ (179,972)	$ (176,112)

Supplemental Cash Flow Inform_6

Supplemental Cash Flow Information (Details) - Schedule of reconciliation of the liabilities arising from financing activities - CAD ($) $ in Thousands		11 Months Ended	12 Months Ended
		Nov. 18, 2021	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Indebtedness [Member]
Supplemental Cash Flow Information (Details) - Schedule of reconciliation of the liabilities arising from financing activities [Line Items]
Beginning balance		$ 3,187,152	$ 3,187,152	$ 3,712,799	$ 3,724,228
Cash outflows				(453,592)	(3,743,465)
Loss on repayment (Note 24)				2,284
Cash inflows		619,900			3,786,082
Write-off of deferred financing costs, interest rate floor, prepayment option and net gain on repricing/repayment (Note 24)					107,065
Amortization of deferred financing costs, interest rate floor, prepayment options and net gain on repricing/repayment					22,461
Debt issue costs		(6,834)			(28,082)
Debt issue costs accrued					(573)
Prepayment option at inception – Senior Notes					17,829
Prepayment option at inception – 2026 Senior Secured Notes		1,896			10,562
Cumulative effect adjustment	[1]
Amortization of deferred financing costs, prepayment options and loss on repayment		558		428
Non-cash additions
Interest paid
Interest accrued
Other
Non-cash disposals
Impact of foreign exchange		(10,075)		(74,767)	(183,308)
Ending balance			3,792,597	3,187,152	3,712,799
Satellite performance incentive payments [Member]
Supplemental Cash Flow Information (Details) - Schedule of reconciliation of the liabilities arising from financing activities [Line Items]
Beginning balance		37,574	37,574	46,951	58,913
Cash outflows		(6,914)		(9,031)	(9,644)
Loss on repayment (Note 24)
Cash inflows
Write-off of deferred financing costs, interest rate floor, prepayment option and net gain on repricing/repayment (Note 24)
Amortization of deferred financing costs, interest rate floor, prepayment options and net gain on repricing/repayment
Debt issue costs
Debt issue costs accrued
Prepayment option at inception – Senior Notes
Prepayment option at inception – 2026 Senior Secured Notes
Cumulative effect adjustment	[1]
Amortization of deferred financing costs, prepayment options and loss on repayment
Non-cash additions
Interest paid
Interest accrued
Other				182	296
Non-cash disposals
Impact of foreign exchange		(316)		(528)	(2,614)
Ending balance			30,344	37,574	46,951
Lease liabilities [member]
Supplemental Cash Flow Information (Details) - Schedule of reconciliation of the liabilities arising from financing activities [Line Items]
Beginning balance		29,051	29,051	28,582	369
Cash outflows		(2,178)		(1,793)	(1,252)
Loss on repayment (Note 24)
Cash inflows
Write-off of deferred financing costs, interest rate floor, prepayment option and net gain on repricing/repayment (Note 24)
Amortization of deferred financing costs, interest rate floor, prepayment options and net gain on repricing/repayment
Debt issue costs
Debt issue costs accrued
Prepayment option at inception – Senior Notes
Prepayment option at inception – 2026 Senior Secured Notes
Cumulative effect adjustment	[1]				26,851
Amortization of deferred financing costs, prepayment options and loss on repayment
Non-cash additions		10,074		2,788	2,775
Interest paid		(1,499)		(1,649)	(984)
Interest accrued		1,499		1,349	1,288
Other				(91)	(236)
Non-cash disposals		(939)
Impact of foreign exchange		$ (330)		(135)	(229)
Ending balance			$ 35,678	$ 29,051	$ 28,582
[1]	Relates to the impact of the implementation of IFRS 16, Leases

Supplemental Cash Flow Inform_7

Supplemental Cash Flow Information (Details) - Schedule of net change in operating assets and liabilities - CAD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Schedule of net change in operating assets and liabilities [Abstract]
Trade and other receivables	$ (55,426)	$ (4,173)	$ (16,113)
Financial assets	(470)	161	(3,897)
Other assets	(17,736)	(7,286)	(13,183)
Trade and other payables	13,206	1,860	1,685
Financial liabilities	4,210	(651)	(2,125)
Other liabilities	(3,659)	25,107	19,691
Operating assets and liabilities	$ (59,875)	$ 15,018	$ (13,942)

Supplemental Cash Flow Inform_8

Supplemental Cash Flow Information (Details) - Schedule of non-cash investing activities - CAD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Schedule of non-cash investing activities [Abstract]
Satellite, property and other equipment	$ 10,406	$ 2,963	$ 29,234
Intangible assets			(3,263)
C-band clearing proceeds	$ (64,289)

Commitments and Contingent Li_3

Commitments and Contingent Liabilities (Details) - CAD ($) $ in Millions	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020
Commitments and Contingent Liabilities (Details) [Line Items]
Customer prepayments	$ 368.1	$ 414.1
Defense costs	50
Interest and penalties	73
Value of reassessed revenue	$ 6.9
Outstanding percentage	50.00%
Canadian Tax Authorities Member
Commitments and Contingent Liabilities (Details) [Line Items]
Value of reassessed revenue	$ 13
Canada Revenue Agency [Member]
Commitments and Contingent Liabilities (Details) [Line Items]
Value of reassessed revenue	$ 4.7

Commitments and Contingent Li_4

Commitments and Contingent Liabilities (Details) - Schedule of off-balance sheet contractual obligations $ in Thousands	Dec. 31, 2021CAD ($)
Commitments and Contingent Liabilities (Details) - Schedule of off-balance sheet contractual obligations [Line Items]
Contractual obligations	$ 201,628
Property, plant and equipment subject to operating leases [member]
Commitments and Contingent Liabilities (Details) - Schedule of off-balance sheet contractual obligations [Line Items]
Contractual obligations	17,021
Capital Commitments Member
Commitments and Contingent Liabilities (Details) - Schedule of off-balance sheet contractual obligations [Line Items]
Contractual obligations	135,167
Other Operating Commitments Member
Commitments and Contingent Liabilities (Details) - Schedule of off-balance sheet contractual obligations [Line Items]
Contractual obligations	49,440
2022 [Member]
Commitments and Contingent Liabilities (Details) - Schedule of off-balance sheet contractual obligations [Line Items]
Contractual obligations	46,998
2022 [Member] | Property, plant and equipment subject to operating leases [member]
Commitments and Contingent Liabilities (Details) - Schedule of off-balance sheet contractual obligations [Line Items]
Contractual obligations	945
2022 [Member] | Capital Commitments Member
Commitments and Contingent Liabilities (Details) - Schedule of off-balance sheet contractual obligations [Line Items]
Contractual obligations	22,945
2022 [Member] | Other Operating Commitments Member
Commitments and Contingent Liabilities (Details) - Schedule of off-balance sheet contractual obligations [Line Items]
Contractual obligations	23,108
2023 [Member]
Commitments and Contingent Liabilities (Details) - Schedule of off-balance sheet contractual obligations [Line Items]
Contractual obligations	28,292
2023 [Member] | Property, plant and equipment subject to operating leases [member]
Commitments and Contingent Liabilities (Details) - Schedule of off-balance sheet contractual obligations [Line Items]
Contractual obligations	1,097
2023 [Member] | Capital Commitments Member
Commitments and Contingent Liabilities (Details) - Schedule of off-balance sheet contractual obligations [Line Items]
Contractual obligations	21,362
2023 [Member] | Other Operating Commitments Member
Commitments and Contingent Liabilities (Details) - Schedule of off-balance sheet contractual obligations [Line Items]
Contractual obligations	5,833
2024 [Member]
Commitments and Contingent Liabilities (Details) - Schedule of off-balance sheet contractual obligations [Line Items]
Contractual obligations	46,067
2024 [Member] | Property, plant and equipment subject to operating leases [member]
Commitments and Contingent Liabilities (Details) - Schedule of off-balance sheet contractual obligations [Line Items]
Contractual obligations	1,083
2024 [Member] | Capital Commitments Member
Commitments and Contingent Liabilities (Details) - Schedule of off-balance sheet contractual obligations [Line Items]
Contractual obligations	40,185
2024 [Member] | Other Operating Commitments Member
Commitments and Contingent Liabilities (Details) - Schedule of off-balance sheet contractual obligations [Line Items]
Contractual obligations	4,799
2025 [Member]
Commitments and Contingent Liabilities (Details) - Schedule of off-balance sheet contractual obligations [Line Items]
Contractual obligations	55,849
2025 [Member] | Property, plant and equipment subject to operating leases [member]
Commitments and Contingent Liabilities (Details) - Schedule of off-balance sheet contractual obligations [Line Items]
Contractual obligations	1,002
2025 [Member] | Capital Commitments Member
Commitments and Contingent Liabilities (Details) - Schedule of off-balance sheet contractual obligations [Line Items]
Contractual obligations	50,675
2025 [Member] | Other Operating Commitments Member
Commitments and Contingent Liabilities (Details) - Schedule of off-balance sheet contractual obligations [Line Items]
Contractual obligations	4,172
2026 [Member]
Commitments and Contingent Liabilities (Details) - Schedule of off-balance sheet contractual obligations [Line Items]
Contractual obligations	2,998
2026 [Member] | Property, plant and equipment subject to operating leases [member]
Commitments and Contingent Liabilities (Details) - Schedule of off-balance sheet contractual obligations [Line Items]
Contractual obligations	1,000
2026 [Member] | Other Operating Commitments Member
Commitments and Contingent Liabilities (Details) - Schedule of off-balance sheet contractual obligations [Line Items]
Contractual obligations	1,998
Thereafter [Member]
Commitments and Contingent Liabilities (Details) - Schedule of off-balance sheet contractual obligations [Line Items]
Contractual obligations	21,424
Thereafter [Member] | Property, plant and equipment subject to operating leases [member]
Commitments and Contingent Liabilities (Details) - Schedule of off-balance sheet contractual obligations [Line Items]
Contractual obligations	11,894
Thereafter [Member] | Other Operating Commitments Member
Commitments and Contingent Liabilities (Details) - Schedule of off-balance sheet contractual obligations [Line Items]
Contractual obligations	$ 9,530

Subsidiaries (Details) - Schedu

Subsidiaries (Details) - Schedule of companies included in scope of consolidation	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020
Subsidiaries (Details) - Schedule of companies included in scope of consolidation [Line Items]
Country	Brazil
Method of Consolidation	Fully consolidated
% voting rights LP	100.00%
Infosat Communications LP [Member]
Subsidiaries (Details) - Schedule of companies included in scope of consolidation [Line Items]
Country	Canada	Canada
Method of Consolidation	Fully consolidated	Fully consolidated
% voting rights LP	100.00%	100.00%
Telesat Spectrum General Partnership [Member]
Subsidiaries (Details) - Schedule of companies included in scope of consolidation [Line Items]
Country	Canada	Canada
Method of Consolidation	Fully consolidated	Fully consolidated
% voting rights LP	100.00%	100.00%
Telesat LEO Holdings Inc.[Member]
Subsidiaries (Details) - Schedule of companies included in scope of consolidation [Line Items]
Country	Canada	Canada
Method of Consolidation	Fully consolidated	Fully consolidated
% voting rights LP	100.00%	100.00%
Telesat Technology Corporation [Member]
Subsidiaries (Details) - Schedule of companies included in scope of consolidation [Line Items]
Country	Canada	Canada
Method of Consolidation	Fully consolidated	Fully consolidated
% voting rights LP	100.00%	100.00%
Telesat Spectrum Corporation [Member]
Subsidiaries (Details) - Schedule of companies included in scope of consolidation [Line Items]
Country	Canada	Canada
Method of Consolidation	Fully consolidated	Fully consolidated
% voting rights LP	100.00%	100.00%
Telesat Spectrum Holdings Corporation [Member]
Subsidiaries (Details) - Schedule of companies included in scope of consolidation [Line Items]
Country	Canada	Canada
Method of Consolidation	Fully consolidated	Fully consolidated
% voting rights LP	100.00%	100.00%
Skynet Satellite Corporation [Member]
Subsidiaries (Details) - Schedule of companies included in scope of consolidation [Line Items]
Country	United States	United States
Method of Consolidation	Fully consolidated	Fully consolidated
% voting rights LP	100.00%	100.00%
Telesat Network Services, Inc.[Member]
Subsidiaries (Details) - Schedule of companies included in scope of consolidation [Line Items]
Country	United States	United States
Method of Consolidation	Fully consolidated	Fully consolidated
% voting rights LP	100.00%	100.00%
The SpaceConnection Inc.[Member]
Subsidiaries (Details) - Schedule of companies included in scope of consolidation [Line Items]
Country	United States	United States
Method of Consolidation	Fully consolidated	Fully consolidated
% voting rights LP	100.00%	100.00%
Telesat Satellite LP [Member]
Subsidiaries (Details) - Schedule of companies included in scope of consolidation [Line Items]
Country	United States	United States
Method of Consolidation	Fully consolidated	Fully consolidated
% voting rights LP	100.00%	100.00%
Telesat LEO Inc.[Member]
Subsidiaries (Details) - Schedule of companies included in scope of consolidation [Line Items]
Country	United States	United States
Method of Consolidation	Fully consolidated	Fully consolidated
% voting rights LP	100.00%	100.00%
Telesat U.S. Services, LLC [Member]
Subsidiaries (Details) - Schedule of companies included in scope of consolidation [Line Items]
Country	United States	United States
Method of Consolidation	Fully consolidated	Fully consolidated
% voting rights LP	100.00%	100.00%
Infosat Able Holdings, Inc.[Member]
Subsidiaries (Details) - Schedule of companies included in scope of consolidation [Line Items]
Country	United States	United States
Method of Consolidation	Fully consolidated	Fully consolidated
% voting rights LP	100.00%	100.00%
Telesat (IOM) Limited [Member]
Subsidiaries (Details) - Schedule of companies included in scope of consolidation [Line Items]
Country	Isle of Man	Isle of Man
Method of Consolidation	Fully consolidated	Fully consolidated
% voting rights LP	100.00%	100.00%
Telesat International Limited [Member]
Subsidiaries (Details) - Schedule of companies included in scope of consolidation [Line Items]
Country	United Kingdom	United Kingdom
Method of Consolidation	Fully consolidated	Fully consolidated
% voting rights LP	100.00%	100.00%
Loral Skynet Corporation [Member]
Subsidiaries (Details) - Schedule of companies included in scope of consolidation [Line Items]
Country	United States
Method of Consolidation	Fully consolidated
% voting rights LP	100.00%
Loral Space & Communications Inc.[Member]
Subsidiaries (Details) - Schedule of companies included in scope of consolidation [Line Items]
Country	United States
Method of Consolidation	Fully consolidated
% voting rights LP	100.00%
Telesat Can ULC [Member]
Subsidiaries (Details) - Schedule of companies included in scope of consolidation [Line Items]
Country	Canada
Method of Consolidation	Fully consolidated
% voting rights LP	100.00%
Telesat CanHold Corporation [Member]
Subsidiaries (Details) - Schedule of companies included in scope of consolidation [Line Items]
Country	Canada
Method of Consolidation	Fully consolidated
% voting rights LP	100.00%
Telesat Canada [Member]
Subsidiaries (Details) - Schedule of companies included in scope of consolidation [Line Items]
Country	Canada
Method of Consolidation	Fully consolidated
% voting rights LP	100.00%
Telesat Brasil Capacidade de Satélites Ltda.[Member]
Subsidiaries (Details) - Schedule of companies included in scope of consolidation [Line Items]
Country		Brazil
Method of Consolidation		Fully consolidated
% voting rights LP		100.00%

Related Party Transactions (Det

Related Party Transactions (Details) $ in Millions, $ in Millions	1 Months Ended				12 Months Ended
	Apr. 30, 2021CAD ($)shares	Dec. 31, 2020CAD ($)shares	Dec. 31, 2019shares	Jan. 31, 2019shares	Dec. 31, 2021CAD ($)	Dec. 31, 2021USD ($)	Dec. 31, 2020CAD ($)shares
Related Party Transactions (Details) [Line Items]
Restricted share units							650,000
Issued and outstanding, vested and unvested stock options	6,197,776
Non-cash operating expense (in Dollars)	$ 8.5					$ 8.5
Preferred shares issued	3,660,000
Percentage of preferred shares outstanding	10.00%
Total restricted share unit	3,530,000
Amount receivable from Telesat Corporation (in Dollars) | $					$ 3.6
Amount payable to Loral (in Dollars) | $		$ 0.1					$ 0.1
Contributions made to defined benefit pension plans (in Dollars) | $					$ 5.1		$ 5.5
Key management personnel of entity or parent [member]
Related Party Transactions (Details) [Line Items]
Share appreciation exercised				40,269
Restricted share units		66,667	66,667
Key management personnel of entity or parent [member] | Non-Voting Participating Preferred Shares [Member]
Related Party Transactions (Details) [Line Items]
Share appreciation exercised				14,846
Restricted share units		30,980	30,980

Related Party Transactions (D_2

Related Party Transactions (Details) - Schedule of compensation of executives and board level directors - CAD ($)		12 Months Ended
		Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Schedule of compensation of executives and board level directors [Abstract]
Short-term benefits (including salaries)		$ 15,465	$ 13,058	$ 11,051
Special payments	[1]	597	710	948
Post-employment benefits		2,514	2,180	2,773
Share-based payments		73,090	12,373	15,649
Compensation of executives and board level directors		$ 91,666	$ 28,321	$ 30,421
[1]	Balance relates to the special cash distribution effective January 25, 2017.

Related Party Transactions (D_3

Related Party Transactions (Details) - Schedule of related parties transaction - CAD ($)	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Sale of goods and services [Member]
Related Party Transactions (Details) - Schedule of related parties transaction [Line Items]
Revenue	$ 105	$ 133	$ 133
Purchase of goods and services [Member]
Related Party Transactions (Details) - Schedule of related parties transaction [Line Items]
Operating expenses	$ 5,230	$ 6,712	$ 6,645