1. A future tax asset has been recorded for non-capital losses carry forward, where the losses were incurred during a bad year in fiscal 2015 (Lento, & Ryan, 2016). BIUC expects strong future profits to be able to generate taxable income to fully utilize the tax losses. Therefore, the owners decided not to use the tax losses in the 2017 or 2016 fiscal years because they expect their marginal tax rate to increase significantly in the near future due to significant growth in income

2. the provision for income taxes included in the financial statements is recorded based on the taxes payable in the current period (that is, the amount payable based on taxable income). Management has prepared the calculation by focusing only on the undepreciated capital cost (UCC) and depreciation difference because they are unsure of any other differences

what are the issues with these two casee and how can the company fix it?