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Lease liability | 12 Months Ended
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Dec. 31, 2024
Leases1 [Abstract] |
Lease liability | Lease liability: The Corporation leases certain assets under lease agreements. The lease liability consists primarily of leases of land and buildings, office equipment and vehicles. The leases have interest rates ranging from 2.95% to 9.42% per annum and expire between June 2025 and February 2035.
| December 31, 2024 |  | December 31, 2023
Property | $ | 2,805 |  |  | $ | 4,368 |
Equipment | 28 |  |  | 38 |
Vehicle | 66 |  |  | 99 |
Lease Liability, Current | $ | 2,899 |  |  | $ | 4,505 |
Property | $ | 20,847 |  |  | $ | 13,078 |
Equipment | 2 |  |  | 32 |
Vehicle | 146 |  |  | 283 |
Lease Liability, Non-current | $ | 20,995 |  |  | $ | 13,393 |
Lease Liability, Total | $ | 23,894 |  |  | $ | 17,898 |
During the year ended December 31, 2024, the Corporation made principal payments on its lease liabilities of $3,327,000 (2023 - $4,013,000). The Corporation is committed to future minimum lease payments (comprising principal and interest) as follows:
Maturity Analysis |  |  |  |  | December 31, 2024
Less than one year |  |  |  |  | $ | 4,707 |
Between one and five years |  |  |  |  | 14,793 |
More than five years |  |  |  |  | 13,713 |
Total undiscounted lease liabilities |  |  |  |  | $ | 33,213 |
Deferred gains were also recorded on closing of a finance lease agreement and are amortized over the lease term. At December 31, 2024, the outstanding deferred gain was $69,000 (2023 – $485,000).

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- Definition Leases1 + References No definition available. + Details
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- Definition The entire disclosure for leases. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Name IFRS -Number 16 -IssueDate 2024-01-01 -Section Presentation -URI https://taxonomy.ifrs.org/xifrs-link?type=IFRS&num=16&code=ifrs-tx-2024-en-r&doctype=Standard&dita_xref=IFRS16_g47-50_TI -URIDate 2024-03-27 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Name IFRS -Number 16 -IssueDate 2024-01-01 -Section Disclosure -URI https://taxonomy.ifrs.org/xifrs-link?type=IFRS&num=16&code=ifrs-tx-2024-en-r&doctype=Standard&dita_xref=IFRS16_g51-60_TI -URIDate 2024-03-27 + Details
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