18. Income Taxes

A reconciliation of income taxes at statutory rates with the reported taxes is as follows:

		March 31, 2021			March 31, 2020

Income (loss) for the year from continuing operations before	$	42,691,050		$	(832,081	)

Expected income tax (recovery)	$	11,527,336		$	(224,258	)
Change in statutory, foreign tax, foreign exchange rates and other		(13,449,000	)		(1,342,000	)
Permanent differences		4,799,000			260,000
Impact on sale of subsidiary		3,924,000			-
Share issue cost		(497,000	)		-
Adjustment to prior years provision and other		1,803,000			11,155,000
Change in unrecognized deductible temporary differences		(7,956,000	)		(9,018,000	)
Tax recovery (expense)	$	151,336		$	830,742

Current income tax	$	151,336		$	830,742
Deferred income tax		-			-
Total income tax	$	151,336		$	830,742

The significant components of the Company's deductible temporary differences, unused tax losses and unused tax credits not included in deferred tax assets/liabilities:

	March 31, 2021			March 31, 2020	Expiry

Intangible asset	$	6,209,000	$	-	2020 - 2039
Share issue costs and other		5,162,000		8,758,000	2041 - 2045
Loss carryforwards		75,393,000		87,023,000	2025 - Indefinite
Digital currencies		-		9,434,000	NA
Intercompany loan		12,884,000		-	NA
Data centre equipment		4,368,000		14,249,000	NA
	$	104,016,000	$	119,464,000