Recognizing a Deferred Tax Asset for Most Deductible Temporary Differences

question 6

Multiple Choice

Recognizing a deferred tax asset for most deductible temporary differences and carryforward of unused tax losses is

• A) used under IFRS only.
• B) used under ASPE only.
• C) used only to the extent that it is probable and the deferred tax asset will be realized.
• D) used only for corporate income tax purposes for CRA.