RE:RE:RE:RE:RE:RE:RE:RE:Tax (Expense) and Deferred Tax (Expense) / Recovery It is out of the question. We differ in opinion.
With prior year losses, the deferred income tax asset (loss carry forwards) were not recognized on the books until there was some certainty into profitable years which only came later and this was the result of the deferred income tax recoveries in later years. The asset is now being drawn down which results in a deferred income tax expense. Add this to a current income tax expense and you'll have a net income tax expense.