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## Notes to Consolidated Financial Statements  Years ended December 31, 2012 and 2011 

## 18. Income and Resource Taxes (continued) 

b) Reconciliation of income and resource taxes calculated at the statutory rates to the actual tax provision is as follows: 

<img src='content_image/137831.jpg'>

The Canadian statutory tax rate decreased to 25.15% due to legislated changes. 

c) The analysis of deferred tax assets and deferred tax liabilities is as follows: 

<img src='content_image/137834.jpg'>

