According to Cool Binz's 2025 Franchise Disclosure Document, the current income tax expense for the company in 2024 was $126. This figure reflects the amount of income tax recognized in 2024 that is payable to tax authorities within the current year. It's a snapshot of Cool Binz's tax obligations based on their taxable income for that period.

Understanding the current income tax expense is crucial for prospective franchisees as it provides insight into the financial health and profitability of Cool Binz. While this figure represents the company's expense, franchisees should be aware that their own tax liabilities will depend on their individual business operations and financial performance. Factors such as revenue, deductible expenses, and applicable tax rates will influence a franchisee's tax obligations.

It is important to note that the FDD also lists the deferred income tax expense (recovery) and the total income tax expense (recovery). The deferred income tax expense (recovery) refers to the change in deferred tax assets and liabilities, which arise from temporary differences between the accounting and tax treatment of certain items. The total income tax expense (recovery) is the sum of the current and deferred income tax expenses, representing the overall tax impact on Cool Binz's financial statements.

Prospective franchisees should consult with a financial advisor or tax professional to fully understand the tax implications of investing in a Cool Binz franchise. They should also review Cool Binz's financial statements and related disclosures in the FDD to gain a comprehensive understanding of the company's financial performance and tax position.