Income Taxes (Tables)

12 Months Ended

Dec. 31, 2022

Disclosure of components of income tax expense [Table Text Block]

The components of income tax expense were as follows:


Years ended December 31,	2022		2021

Current income taxes	$	17,945	$	13,135

Deferred income taxes		3,265		43,422

	$	21,210	$	56,557

Disclosure of Reconciliation of Tax Expense Explanatory [Table Text Block]

The provision for income taxes differs from that which would be expected by applying Canadian statutory rates. A reconciliation of the difference is as follows:


Years ended December 31,	2022		2021

Earnings before income taxes	$	(79,733)	$	38,102

Canadian statutory rate		23.4%		23.8%

Expected income tax provision	$	(18,658)	$	9,068

Add (deduct):

Change in unrecognized deferred tax asset		27,664		44,704

Impairment of goodwill		11,232		-

Exchange rate effects on tax basis		(2,223)		(2,269)

Earnings taxed in foreign jurisdictions		543		2,313

Revaluation of Canadian deferred tax assets due to change in statutory rate		-		(660)

Withholding tax on dividends received from foreign subsidiaries		-		2,763

Amounts not deductible (taxable) for tax purposes		4,373		811

Impact of accounting for associates and joint ventures		(1,104)		(160)

Other		(617)		(13)

Income tax expense from continuing operations	$	21,210	$	56,557

Disclosure of IncomeTax Relating To Components Of Other Comprehensive Income Explanantory


Years ended December 31,	2022		2021

Deferred Tax

Arising on income and expenses recognized in other comprehensive income:

Fair value remeasurement of hedging instruments entered into for cash flow hedges	$	(55)	$	77

Arising on income and expenses reclassified from other comprehensive income to net earnings:

Relating to cash flow hedges		59		(53)

Total income tax recognized in other comprehensive income	$	4	$	24

Disclosure of temporary difference, unused tax losses and unused tax credits [text block]

Deferred tax assets and liabilities arise from the following:


	Accounting provisions and accruals		Tax losses		Long-term assets		Other		Exchange rate effects on tax bases		Cash flow hedges		Total 1


January 1, 2022	$	7,022	$	6,519	$	(86,255)	$	511	$	(10,476)	$	-	$	(82,679)

Acquisition (Note 7)		756		49,513		(30,308)		-		(6,538)		-		13,423

Charged to net earnings		(7,467)		1,325		1,022		-		1,858		(4)		(3,266)

Charged to OCI		-		-		-		-		-		4		4

Exchange differences		51		(860)		(2,511)		(511)		(613)		-		(4,444)

December 31, 2022	$	362	$	56,497	$	(118,052)		-	$	(15,769)		-	$	(76,962)

Net deferred tax liabilities at December 31, 2022 of $77.0 million consist of liabilities of $96.4 million net of assets of $19.4 million.


	Accounting provisions and accruals		Tax losses		Long-term assets		Other		Exchange rate effects on tax bases		Cash flow hedges		Total 1

January 1, 2021	$	18,058	$	28,969	$	(73,956)	$	544	$	(12,799)	$	(8)	$	(39,192)

Charged to net earnings		(10,945)		(21,808)		(12,398)		(572)		2,269		32		(43,422)

Charged to OCI		-		-		-		-		-		(24)		(24)

Exchange differences		(91)		(642)		99		539		54				(41)

December 31, 2021	$	7,022	$	6,519	$	(86,255)	$	511	$	(10,476)	$	-	$	(82,679)

Net deferred tax liabilities at December 31, 2021 of $82.7 million consist of liabilities of $92.0 million net of assets of $9.3 million.

Disclosure of Deductible temporary differences of income tax Expenses [Table Text Block]

The deductible temporary differences consist of:


Years ended December 31,	2022		2021

Canadian:

Tax losses	$	215,703	$	138,408

Long-term assets		23,896		22,758

Accounting provisions and other accruals		29,143		26,363

Foreign 1 :

Tax losses		2,089,604		38,374

Long-term assets		(59,931)		-

Accounting provisions and other accruals		(126,117)		-

	$	2,172,298	$	225,903

The movement in foreign tax losses, long-term assets, and accounting provisions and other accruals for 2022 were primarily acquired as part of the Transaction