XML 68 R54.htm IDEA: XBRL DOCUMENT
v3.22.1

Income taxes (Tables) | 12 Months Ended
--- | ---
Mar. 31, 2022
Disclosure Of Income Tax [Abstract] |
Income tax expense (recovery) | Income tax expense (recovery) includes the following components:
| 2022 | 2021
| $ | $
Current |  |
United States | 1,225 |  | 33 |
Europe | (138) |  | 140 |
Other | 16 |  | (7) |
| 1,103 |  | 166 |
Deferred |  |
Canada | (11) |  | (55) |
United States | (22,038) |  | (61) |
Europe | (1,229) |  | (3,883) |
New Zealand | (4,746) |  | — |
Other | — |  | (1,959) |
| (28,024) |  | (5,958) |
Total income tax recovery | (26,921) |  | (5,792) |
The income tax expense (recovery) reported, which includes foreign taxes, differs from the amount of the income tax expense (recovery) computed by applying Canadian statutory rates as follows:
| 2022 | 2021
| $ | $
Loss before income taxes | (315,354) |  | (130,070) |
Statutory tax rate | 26.5 | % | 26.5 | %
Income tax recovery at the statutory tax rate | (83,589) |  | (34,486) |
Impact of rate differential of foreign jurisdiction | 7,078 |  | 1,570 |
Non-deductible share-based compensation and related costs | 20,208 |  | 9,257 |
Acquisition-related compensation and transaction costs | 1,480 |  | 5,080 |
Other non-deductible expenses (credits) and non-taxable amounts | (496) |  | 590 |
Changes in unrecognized benefits of deferred tax assets | 27,972 |  | 11,403 |
Impact of foreign exchange and other | 426 |  | 794 |
Total income tax recovery | (26,921) |  | (5,792) |
Deferred tax assets/liabilities | Significant components of the Company’s deferred tax assets and liabilities are as follows:
| 2022 | 2021
Deferred tax assets | $ | $
Property and equipment | 2,402 |  | 2,115 |
Non-capital losses carried forward | 78,292 |  | 41,308 |
Lease liabilities | 6,354 |  | 6,073 |
Deferred revenue | 1,217 |  | 1,011 |
Interest expenses carried forward | 5,852 |  | 5,188 |
Others | 6,338 |  | 2,288 |
Total deferred tax assets | 100,455 |  | 57,983 |
Deferred tax liabilities |  |
Property and equipment | (299) |  | (54) |
Intangible assets | (97,647) |  | (50,476) |
Lease right-of-use assets | (5,140) |  | (5,000) |
Other | (4,048) |  | (3,639) |
Total deferred tax liabilities | (107,134) |  | (59,169) |
Net deferred tax liabilities | (6,679) |  | (1,186) |
As presented on the consolidated balance sheets: |  |
Deferred tax assets | 154 |  | 170 |
Deferred tax liabilities | (6,833) |  | (1,356) |
Net deferred tax liabilities | (6,679) |  | (1,186) |
2022
| Balance as at March 31, 2021 | Charged (credited) to consolidated statement of loss | Business acquisitions and other | Balance as at March 31, 2022
| $ | $ | $ | $
Deferred tax assets (liabilities) continuity |  |  |  |
Property and equipment | 2,061 |  | 75 |  | (33) |  | 2,103 |
Intangible assets | (50,476) |  | 22,042 |  | (69,213) |  | (97,647) |
Lease liabilities | 6,073 |  | 5 |  | 276 |  | 6,354 |
Lease right-of-use assets | (5,000) |  | 86 |  | (226) |  | (5,140) |
Non-capital losses carried forward | 41,308 |  | 3,439 |  | 33,545 |  | 78,292 |
Deferred revenue | 1,011 |  | 206 |  | — |  | 1,217 |
Interest expenses carried forward | 5,188 |  | 664 |  | — |  | 5,852 |
Other | (1,351) |  | 1,507 |  | 2,134 |  | 2,290 |
Net deferred tax liabilities | (1,186) |  | 28,024 |  | (33,517) |  | (6,679) |
2021
| Balance as at March 31, 2020 | Charged (credited) to consolidated statement of loss | Business acquisitions and other | Balance as at March 31, 2021
| $ | $ | $ | $
Deferred tax assets (liabilities) continuity |  |  |  |
Property and equipment | 1,696 |  | 321 |  | 44 |  | 2,061 |
Intangible assets | (15,403) |  | 7,191 |  | (42,264) |  | (50,476) |
Lease liabilities | 3,557 |  | 2,516 |  | — |  | 6,073 |
Lease right-of-use assets | (3,226) |  | (1,774) |  | — |  | (5,000) |
Non-capital losses carried forward | 8,159 |  | (1,290) |  | 34,439 |  | 41,308 |
Deferred revenue | — |  | — |  | 1,011 |  | 1,011 |
Interest expenses carried forward | — |  | 2,649 |  | 2,539 |  | 5,188 |
Other | (1,252) |  | (3,655) |  | 3,556 |  | (1,351) |
Net deferred tax liabilities | (6,469) |  | 5,958 |  | (675) |  | (1,186) |
Non-capital loss carryforwards |
| 2022 | 2021 | Calendar year in which the losses begin to expire
| $ | $ |
Non-capital loss carryforwards |  |  |
Canada | 151,096 |  | 73,737 |  | 2034
Belgium | 41,928 |  | 40,383 |  | No expiry
Netherlands | 38,213 |  | 31,105 |  | 2024
United States | 366,680 |  | 236,149 |  | 2035
Germany | 21,289 |  | 21,219 |  | No expiry
Switzerland | 36,139 |  | 13,042 |  | 2023
New Zealand | 57,366 |  | — |  | No expiry
United Kingdom | 9 |  | — |  | No expiry
Australia | 8,569 |  | 5,367 |  | No expiry
Total non-capital loss carryforwards | 721,289 |  | 421,002 |  |

X
- Definition The disclosure of types of temporary differences, unused tax losses and unused tax credits. [Refer: Unused tax credits [member]; Unused tax losses [member]; Temporary differences [member]] + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Name IAS -Number 12 -IssueDate 2021-01-01 -Paragraph 81 -Subparagraph g -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IAS&num=12&code=ifrs-tx-2021-en-r&anchor=para_81_g&doctype=Standard -URIDate 2021-03-24 + Details
Name: | ifrs-full_DisclosureOfTemporaryDifferenceUnusedTaxLossesAndUnusedTaxCreditsExplanatory
Namespace Prefix: | ifrs-full_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Disclosure Of Detailed Information About Capital Loss Carryforwards Explanatory + References No definition available. + Details
Name: | lspd_DisclosureOfDetailedInformationAboutCapitalLossCarryforwardsExplanatoryTableTextBlock
Namespace Prefix: | lspd_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Disclosure Of Income Tax [Abstract] + References No definition available. + Details
Name: | lspd_DisclosureOfIncomeTaxAbstract
Namespace Prefix: | lspd_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Disclosure Of Major Components Of Tax Expense (Income) + References No definition available. + Details
Name: | lspd_DisclosureOfMajorComponentsOfTaxExpenseIncomeTableTextBlock
Namespace Prefix: | lspd_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration