Definitions for "Deferred Income Taxes"
A liability representing the differences between the income tax expense associated with the revenues and expenses reported on a corporation's income statements and the actual income tax appearing on the corporation's income tax returns. To Top
The estimated future tax obligations that usually arise when different depreciation methods are used for financial statements and tax purposes. It is also an add-back to the statement of cash flows. Deferred income taxes include accumulated tax deferrals due to accelerated depreciation and investment credit.
Income tax that would be payable immediately unless placed in a deferred planning product such as a Registered Retirement Savings Plan (RRSP)