According to Cool Binz's 2025 Franchise Disclosure Document, the deferred income tax expense (recovery) for the year 2024 was $356. This figure represents the difference between the income tax expense reported for financial accounting purposes and the amount actually paid to tax authorities during that year. Deferred income taxes arise from temporary differences between the tax basis of an asset or liability and its reported accounting value. These differences will result in taxable or deductible amounts in future years.

For a prospective Cool Binz franchisee, understanding deferred income taxes is crucial for assessing the company's financial health and profitability. A deferred income tax expense, as seen in 2024, suggests that Cool Binz had taxable temporary differences that increased its tax liability. This can impact the overall financial performance of the company and, by extension, the value of the franchise.

It is important to note that deferred income taxes can be complex and may require further analysis to fully understand their implications. Franchisees should consult with financial advisors to interpret these figures in the context of Cool Binz's overall financial statements and to assess the potential impact on their investment.