Deferred Income Tax Services (IAS 12)
Accurate Deferred Tax Reporting. IFRS Compliance. Audit-Ready Financial Statements.
Our team has extensive experience preparing Canadian and U.S. deferred income tax provisions for large, mid-sized, and small public companies, gained through careers at the Big 4 and MNP. We currently provide deferred tax services to public corporation clients and can provide client references upon request. We prepare quarterly and year-end tax provisions, support your team throughout the external audit process, and work closely with your auditors to ensure a smooth and efficient engagement. Our expertise includes preparing Canadian and U.S. deferred tax computations, as well as tax provisions for smaller foreign subsidiaries. We also have significant experience preparing consolidated tax provisions for multinational corporate groups.
CPA Advisors
Financial Planning
Business Growth
Canadian Tax Experts
500+
Corporate Clients Served
15+
Years of IFRS Experience
100%
IAS 12 Compliance
Audit
Ready Documentation
Master Deferred Taxes.
Deliver Financial Confidence.
Deferred taxes impact more than just your tax line — they affect key financial metrics, compliance, and stakeholder trust.
We help you get it right with technical expertise and practical insight.
Deferred Tax Assets
Identify and measure tax benefits with confidence.
Deferred Tax Liabilities
Accurately measure temporary differences and obligations.
Temporary Difference Analysis
Assess timing differences that impact your tax position.
IFRS Compliance
Comply with IAS 12 and strengthen the quality of your reporting.
US GAAP Alignment
Ensure alignment with US GAAP requirements where applicable.
OUR SERVICES
Deferred Tax Calculations
- Deferred tax assets
- Deferred tax liabilities
- Temporary difference calculations
- IAS 12 reporting
Audit Support
- Audit documentation
- Technical accounting memos
- Supporting schedules
- Auditor query assistance
Business Transactions
- Business combinations
- IFRS 3 tax implications
- Goodwill analysis
- Acquisition accounting
Tax Law Changes
- IFRIC 23 analysis
- Tax law updates
- Uncertain tax positions
- Deferred tax adjustments
Financial Instruments
- IAS 32 compliance
- IFRS 9 reporting
- Convertible debt
- Dividend vs Interest
Advanced Tax Advisory
- Business restructuring
- Debt settlements
- OCI & Equity analysis
- Cross-border taxation
OUR PROCESS
01
Financial Review
We evaluate financial statements, tax bases, and temporary differences to identify deferred tax impacts.
01
Deferred Tax Analysis
Our specialists calculate deferred tax assets and liabilities using IAS 12 principles.
02
Reporting & Documentation
We prepare detailed schedules, disclosures, and audit-ready working papers.
03
Compliance Review
All calculations are reviewed to ensure IFRS and regulatory compliance.
04
Ongoing Advisory
Continuous support for quarterly reporting, annual reporting, and tax law updates.
Benefits of working with ICTax
Accurate Financial Reporting
Reliable deferred tax calculations improve confidence in financial statements.
Audit Ready
Complete documentation helps simplify audit processes and reduces reporting risk.
IFRS Compliance
Ensure every deferred tax position complies with IAS 12 requirements.
Cross-Border Expertise
Support for multinational businesses using both IFRS and US GAAP.
Reduced Reporting Risk
Identify tax issues early and avoid costly financial reporting errors.
Industries We Serve
Technology
Manufacturing
Healthcare
Construction
Logistics
Why Hire Us?
- IAS 12 Specialists: Seasoned professionals in IFRS-based tax accounting
- Audit-Ready Approach: Expertise from the preparer and auditor point of view
- Cross-Border Functionality: Alignment with IFRS and U.S. GAAP (ASC 740) where required.
- Industry Expertise: Mining, technology, and consumer businesses
Reliable & Defensible: Strong documentation with respect to tax position
