17	DEFERRED INCOME TAXES

The deferred tax assets and liabilities presented on the consolidated statements of financial position are net amounts corresponding to their reporting jurisdiction. The deferred tax assets and liabilities presented in the note disclosure are grouped based on asset and liability classification without consideration of their corresponding reporting jurisdiction.

The amounts in the consolidated statements of financial position reconcile to the amounts disclosed in this note as follows:


	December 31, 2018			December 31, 2017
Deferred tax assets	$	9,599		$	7,606
Deferred tax liabilities		(11,519	)		(12,431	)

	$	(1,920	)	$	(4,825	)


Deferred tax assets:	Tax losses/ other credits			LT Debt/ Interest			Inventory			Intangibles			Other			Total
At January 1, 2017	$	7,413		$	3,190		$	518		$	399		$	437		$	11,957
Charged to statement of income (loss)		(2,289	)		(968	)		(144	)		(399	)		(551	)		(4,351	)

At December 31, 2017	$	5,124		$	2,222		$	374		$	—		$	(114	)	$	7,606

Credited (charged) to statement of (loss) income		1,053			524			133			—			283			1,993

At December 31, 2018	$	6,177		$	2,746		$	507		$	—		$	169		$	9,599


Deferred tax liabilities:	Accelerated tax depreciation			Biological asset			Revaluation Surplus			Joint Venture Shares			Total
At January 1, 2017	$	(15,205	)	$	(674	)	$	(1,065	)	$	—		$	(16,944	)
Credited (charged) to statement of income (loss)		6,179			214			—			(2,151	)		4,242
Charged to statements of other comprehensive (loss) income		—			—			271			—			271

At December 31, 2017	$	(9,026	)	$	(460	)	$	(794	)	$	(2,151	)	$	(12,431	)
Credited to statement of (loss) income		567			175			—			170			912

At December 31, 2018	$	(8,459	)	$	(285	)	$	(794	)	$	(1,981	)	$	(11,519	)

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


	December 31, 2018						December 31, 2017
	Canada			U.S.			Canada			U.S.
Deferred tax assets:
Expected to be recovered in more than 12 months	$	1,155		$	7,465		$	747		$	5,753
Expected to be recovered within 12 months		312			667			388			718
Deferred tax liabilities:
Expected to be settled in more than 12 months		(4,181	)		(6,251	)		(4,606	)		(6,569	)
Expected to be settled within 12 months		(41	)		(1,046	)		(40	)		(1,216	)

Deferred tax liabilities, net of assets	$	(2,755	)	$	835		$	(3,511	)	$	(1,314	)

Non-capital and farm losses expire as follows:


	Canada		U.S.		Total
2021	$	—	$	8,402	$	8,402
2022		—		5,043		5,043
2023		—		5,117		5,117
2024		—		4,015		4,015
2025		—		8,757		8,757
2027		25		—		25
2028		4		—		4
2029		25		64		89
2030		7		—		7
2031		4		988		992
2032		4		14,895		14,899
2033		4		—		4
2034		4		11,665		11,669
2035		108		7,445		7,553
2036		98		3,583		3,681
2037		98		5,570		5,668
2038		4		9,325		9,329

	$	385	$	84,869	$	85,254

Deferred income tax assets are recognized for tax loss carry-forwards to the extent that the realization of the related tax benefit through future profits is probable.