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Tax Note | 12 Months Ended
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Mar. 31, 2022
Major components of tax expense (income) [abstract] |
Tax Note [Text Block] | 20. Tax Note A reconciliation of income taxes at statutory rates with the reported taxes is as follows:
|  | March 31, 2022 |  |  | March 31, 2021 |
Income for the year from continuing operations before tax | $ | 82,038,129 |  | $ | 24,295,608 |
Expected income tax | $ | 22,150,000 |  | $ | 9,821,366 |
Change in statutory, foreign tax, foreign exchange rates and other |  | (28,417,000 | ) |  | (13,449,000 | )
Permanent differences |  | 7,629,000 |  |  | 4,799,000 |
Impact on sale of subsidiary |  | - |  |  | 3,924,000 |
Share issue cost |  | (1,885,000 | ) |  | (497,000 | )
Adjustment to prior years provision and other |  | 6,686,000 |  |  | 1,803,000 |
Change in unrecognized deductible temporary differences |  | (3,747,000 | ) |  | (6,250,000 | )
Tax expense | $ | 2,416,000 |  | $ | 151,366 |
Current income tax | $ | 887,000 |  | $ | 151,366 |
Deferred income tax |  | 1,529,000 |  |  | - |
Total income tax | $ | 2,416,000 |  | $ | 151,366 |
The significant components of the Company's deferred tax assets and liabilities are as follows:
|  | March 31, 2022 |  |  | March 31, 2021 |
Deferred tax assets (liabilities) |  |  |  |  |  |
Plant and equipment | $ | (12,802,000 | ) | $ | - |
Energy tax receivable |  | (490,000 | ) |  | (490,000 | )
Digital currencies |  | (186,000 | ) |  | (266,000 | )
Right of use asset and lease liability |  | 14,000 |  |  | - |
Investments |  | - |  |  | (107,000 | )
Non-capital losses |  | 11,935,000 |  |  | 863,000 |
| $ | (1,529,000 | ) | $ | - |
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, 2022 |  |  | March 31, 2021 |  |  | Expiry |
Intangible asset | $ | 4,933,000 |  | $ | 6,209,000 |  |  | NA |
Share issue costs and other |  | 6,142,000 |  |  | 5,162,000 |  |  | 2042 - 2045 |
Loss carryforwards |  | 72,893,000 |  |  | 75,393,000 |  |  | 2025 - Indefinite |
Intercompany loan |  | - |  |  | 12,884,000 |  |  | NA |
Plant and equipment |  | 14,539,000 |  |  | 4,368,000 |  |  | NA |
| $ | 98,507,000 |  | $ | 104,016,000 |  |  |  |

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