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Income taxes (Tables) | 12 Months Ended
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Mar. 31, 2023
Disclosure Of Income Tax [Abstract] |
Income tax expense (recovery) | Income tax expense (recovery) includes the following components:
| 2023 | 2022
| $ | $
Current |  |
Related to current year | 2,880 |  | 1,214 |
Related to prior years | (411) |  | (111) |
| 2,469 |  | 1,103 |
Deferred |  |
Related to current year | (6,338) |  | (27,831) |
Related to prior years | (350) |  | (193) |
| (6,688) |  | (28,024) |
Total income tax recovery | (4,219) |  | (26,921) |
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:
| 2023 | 2022
| $ | $
Loss before income taxes | (1,074,228) |  | (315,354) |
Statutory tax rate | 26.5 | % | 26.5 | %
Income tax recovery at the statutory tax rate | (284,671) |  | (83,589) |
Impact of rate differential of foreign jurisdiction | 9,944 |  | 7,078 |
Non-deductible share-based compensation and related costs | 33,771 |  | 20,208 |
Acquisition-related compensation and transaction-related costs | 1,267 |  | 1,480 |
Other non-deductible expenses (credits) and non-taxable amounts | 728 |  | (192) |
Adjustment related to prior years | (761) |  | (304) |
Goodwill impairment | 198,409 |  | — |
Changes in unrecognized benefits of deferred tax assets | 38,673 |  | 27,972 |
Impact of foreign exchange and other | (1,579) |  | 426 |
Total income tax recovery | (4,219) |  | (26,921) |
Deferred tax assets/liabilities | Significant components of the Company’s deferred tax assets and liabilities are as follows:
| 2023 | 2022
Deferred tax assets | $ | $
Property and equipment | 3,179 |  | 2,402 |
Non-capital losses carried forward | 49,467 |  | 78,292 |
Lease liabilities | 6,045 |  | 6,354 |
Deferred revenue | 530 |  | 1,217 |
Interest expenses carried forward | 3,170 |  | 5,852 |
Other | 17,760 |  | 6,338 |
Total deferred tax assets | 80,151 |  | 100,455 |
Deferred tax liabilities |  |
Property and equipment | (562) |  | (299) |
Intangible assets | (67,972) |  | (97,647) |
Lease right-of-use assets | (5,028) |  | (5,140) |
Other | (6,288) |  | (4,048) |
Total deferred tax liabilities | (79,850) |  | (107,134) |
Net deferred tax assets (liabilities) | 301 |  | (6,679) |
As presented on the consolidated balance sheets: |  |
Deferred tax assets | 301 |  | 154 |
Deferred tax liabilities | — |  | (6,833) |
Net deferred tax assets (liabilities) | 301 |  | (6,679) |
2023
| Balance as at March 31, 2022 | Charged (credited) to consolidated statement of loss | Business acquisitions and other | Balance as at March 31, 2023
| $ | $ | $ | $
Deferred tax assets (liabilities) continuity |  |  |  |
Property and equipment | 2,103 |  | 514 |  | — |  | 2,617 |
Intangible assets | (97,647) |  | 29,675 |  | — |  | (67,972) |
Lease liabilities | 6,354 |  | (309) |  | — |  | 6,045 |
Lease right-of-use assets | (5,140) |  | 112 |  | — |  | (5,028) |
Non-capital losses carried forward | 78,292 |  | (28,825) |  | — |  | 49,467 |
Deferred revenue | 1,217 |  | (687) |  | — |  | 530 |
Interest expenses carried forward | 5,852 |  | (2,682) |  | — |  | 3,170 |
Other | 2,290 |  | 8,890 |  | 292 |  | 11,472 |
Net deferred tax assets (liabilities) | (6,679) |  | 6,688 |  | 292 |  | 301 |
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 assets (liabilities) | (1,186) |  | 28,024 |  | (33,517) |  | (6,679) |
Non-capital loss carryforwards | The Company has accumulated unrecognized deductible temporary differences, unused tax losses and unused tax credits as follows:
| 2023 | 2022
| $ | $
Deductible temporary differences | 63,695 |  | 60,237 |
Non-capital losses | 587,407 |  | 394,067 |
Research and development expenditures | 21,760 |  | 15,456 |
| 672,862 |  | 469,760 |

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