content_image/231797.jpg content_image/231798.jpg content_image/231799.jpg
Years ended December 31, 2011 and 2010 (In thousands of Canadian dollars, except share and per share information) 

## Recognized deferred tax assets and liabilities 

Deferred tax assets and liabilities are attributable to the following: 

<img src='content_image/231797.jpg'>

<img src='content_image/231798.jpg'>

<img src='content_image/231799.jpg'>

