Mr. Speaker, with respect to the above-noted question, what follows is the response from the Canada Revenue Agency, CRA.
The CRA is unable to provide a response in the manner requested.
Deferred corporate taxes, reported on corporations’ financial statements, are captured in CRA’s CORTAX database. The database is used to capture information from T2 corporate income tax returns and to administer corporate income tax.
However, corporations are able to file amended returns and financial statements to request a reassessment, and this may include a revision to their financial statement data, including deferred income taxes. This type of taxpayer-requested adjustment can initiate changes on multiple tax years. Therefore, there is no definite point at which data can be considered final for any given tax year.
A data analysis of the amounts presently captured in the CRA’s database determined that a representative amount of deferred corporate taxes by tax year cannot be provided.