Both IFRS and ASPE recommend recognizing a deferred tax asset for most deductible temporary differences and for the carryforward of unused tax losses and other income tax reductions to the extent that

	a. it is probable that the deferred tax liability will be recorded.
	b. the business is not a going concern.
	c. the enacted income tax rates are known.
	d. it is probable that the deferred tax asset will be realized.