Information Value Of Deferred Income Tax Disclosure.
Q: I'm in the process of preparing a paper concerning the information value of deferred income tax disclosure. This stems from a number of misinterpretations of the deferred tax concept in Canada, in particular by labour groups suggesting that governments should charge interest on deferred income taxes disclosed by corporations. I now have enough FASB and CICA material to sink a ship. What I'm interested in are any other examples of gross misinterpretation of the concept as used in a public manner like that described above.
A: You have come to the right tax group in the US. Many Canadians participate. There is a Canadian tax group - can.taxes and another that deals with taxes and more general subjects - bc.general If you have access to the WWW, point any WWW-browser to: http://WWW.REVCAN.CA/~paulb/service/appendix.htm Telephone the local Revenue Canada office, or dial their 1-800 number.