Listed in the table below are items that are treated differently for accounting purposes than they are for tax purposes. Indicate whether it is a Permanent or Reversible difference and it will create a deferred tax asset (DTA) or a deferred tax liability (DTL).

Item	Permanent or Reversible difference; DTA or DTL (if Reversible difference)
Example: Rent collected in advance	Reversible, DTA
The excess amount of accrued pension expense over the amount paid.
Penalty assessed by CRA for late submission of income tax return.
The estimated gross profit on a long term construction contract that is reported in the income statement, with some of the profit being deferred for tax purposes.