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Income Taxes (Tables) | 12 Months Ended
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Jun. 30, 2020
Income taxes [Abstract] |
Reconciliation of Net Tax Provision to Income (Loss) Before Income Tax | The net tax provision differs from that expected by applying the combined federal and provincial tax rates of 27.0% (June 30, 2019 – 27.0%) to loss before income tax for the following reasons:
| 2020 |  | Restated Note 2(h) 2019 |
| $ |  | $ |
Loss from continuing operations before tax | (3,383,896 | ) | (330,649 | )
Combined federal and provincial rate | 27.0 | % | 27.0 | %
Expected tax recovery from continuing operations | (913,652 | ) | (89,275 | )
Change in estimates from prior year | (115 | ) | 2,984 |
Foreign exchange | (373 | ) | — |
Non-deductible expenses | 20,081 |  | 34,552 |
Non-deducible (non-taxable) portion of capital items | 20,839 |  | (11,344 | )
Non-deducible loss on conversion of debt | 46,598 |  | — |
Goodwill and other impairment items | 659,980 |  | — |
Tax impact on divestitures | (5,170 | ) | — |
Difference in statutory tax rate | 17,414 |  | (665 | )
Effect of change in tax rates | 711 |  | 3,793 |
Changes in deferred tax benefits not recognized | 70,284 |  | 30,046 |
Income tax recovery from continuing operations | (83,403 | ) | (29,909 | )
(1) | Excludes tax expense from discontinued operations of $0.5 million (2019 - $1.3 million recovery) and the tax expense from the loss on the sale of the discontinued operation of nil (2019 - nil). These amounts are included in net loss (income) from discontinued operations, net of tax on the statement of comprehensive loss.
Movements in Deferred Tax Assets (Liabilities) | Movements in deferred tax assets (liabilities) at June 30, 2020 and 2019 are comprised of the following:
| As of June 30, 2019 |  | Discontinued operations |  | Recovered through (charged to) earnings |  | Recovered through (charged to) other comprehensive income |  | Recovered through (charged to) equity |  | As of June 30, 2020 |
| $ |  | $ |  | $ |  | $ |  | $ |  | $ |
Deferred tax assets |  |  |  |  |  |
Non-capital losses | 44,303 |  | (1,358 | ) | 82,761 |  | 81 |  | — |  | 125,787 |
Capital losses | — |  | — |  | 501 |  | — |  | — |  | 501 |
Finance costs | 11,545 |  | — |  | (4,087 | ) | — |  | 2,231 |  | 9,689 |
Investment tax credit | 728 |  | — |  | (159 | ) | — |  | — |  | 569 |
Property, plant and equipment | 13,701 |  | 401 |  | (14,102 | ) | — |  | — |  | — |
Derivatives | 37,462 |  | — |  | (37,042 | ) | — |  | — |  | 420 |
Leases | — |  | — |  | 13,050 |  | 25 |  | — |  | 13,075 |
Others | 9,470 |  | — |  | (9,470 | ) |  |  | — |  | — |
Total deferred tax assets | 117,209 |  | (957 | ) | 31,452 |  | 106 |  | 2,231 |  | 150,041 |
Deferred tax liabilities |  |  |  |  |  |
Convertible debenture | (47,089 | ) | — |  | 11,599 |  | — |  | 1,703 |  | (33,787 | )
Marketable securities | (6,141 | ) | — |  | 4,916 |  | 624 |  | 601 |  | — |
Investment in associates | (4,409 | ) | — |  | 4,409 |  | — |  | — |  | — |
Derivatives | — |  | — |  | — |  | — |  | — |  | — |
Intangible assets | (129,562 | ) | — |  | 38,807 |  | (197 | ) | — |  | (90,952 | )
Property, plant and equipment | — |  | — |  | (7,100 | ) | (18 | ) | — |  | (7,118 | )
Inventory | (11,665 | ) | — |  | (3,007 | ) | — |  | — |  | (14,672 | )
Biological assets | (9,313 | ) | — |  | 2,404 |  | — |  | — |  | (6,909 | )
Others | — |  | — |  | (549 | ) | — |  | — |  | (549 | )
Total deferred tax liabilities | (208,179 | ) | — |  | 51,479 |  | 409 |  | 2,304 |  | (153,987 | )
Net deferred tax assets (liabilities) | (90,970 | ) | (957 | ) | 82,931 |  | 515 |  | 4,535 |  | (3,946 | )
Restated (Note 2(h)) | As of June 30, 2018 |  | Discontinued operations |  | Deferred tax assets (liabilities) assumed from acquisition |  | Recovered through (charged to) earnings |  | Recovered through (charged to) other comprehensive income |  | Recovered through (charged to) equity |  | As of June 30, 2019 |
| $ |  | $ |  | $ |  | $ |  | $ |  | $ |  | $ |
Deferred tax assets |  |  |  |  |  |  |
Non-capital losses | 30,186 |  | 739 |  | 10,552 |  | 2,826 |  | — |  | — |  | 44,303 |
Finance costs | 7,888 |  | — |  | 4,710 |  | (1,053 | ) | — |  | — |  | 11,545 |
Investment tax credit | 593 |  | — |  | — |  | 135 |  | — |  | — |  | 728 |
Property, plant and equipment | — |  | — |  | 7,835 |  | 5,866 |  | — |  | — |  | 13,701 |
Derivatives | — |  | — |  | — |  | 37,462 |  | — |  | — |  | 37,462 |
Others | 658 |  | (55 | ) | 90 |  | 8,777 |  | — |  | — |  | 9,470 |
Total deferred tax assets | 39,325 |  | 684 |  | 23,187 |  | 54,013 |  | — |  | — |  | 117,209 |
Deferred tax liabilities |  |  |  |  |  |  |
Convertible debenture | (10,905 | ) | — |  | — |  | (36,597 | ) | — |  | 413 |  | (47,089 | )
Marketable securities | (3,799 | ) | — |  | — |  | (20,145 | ) | 17,803 |  | — |  | (6,141 | )
Investment in associates | (10,313 | ) | — |  | — |  | 5,384 |  | 520 |  | — |  | (4,409 | )
Derivatives | (15,530 | ) | — |  | — |  | 15,530 |  | — |  | — |  | — |
Intangible assets | (44,433 | ) | — |  | (93,201 | ) | 8,072 |  | — |  | — |  | (129,562 | )
Property, plant and equipment | (1,738 | ) | (420 | ) | — |  | 2,158 |  | — |  | — |  | — |
Inventory | (4,975 | ) | — |  | (8,456 | ) | 1,766 |  | — |  | — |  | (11,665 | )
Biological assets | (3,041 | ) | — |  | — |  | (6,272 | ) | — |  | — |  | (9,313 | )
Total deferred tax liabilities | (94,734 | ) | (420 | ) | (101,657 | ) | (30,104 | ) | 18,323 |  | 413 |  | (208,179 | )
Net deferred tax assets (liabilities) | (55,409 | ) | 264 |  | (78,470 | ) | 23,909 |  | 18,323 |  | 413 |  | (90,970 | )
Deferred Tax Assets Not Recognized | Deferred tax assets not recognized in respect of deductible temporary differences, unused tax losses, and tax credits are as follows:
| 2020 |  | 2019 |
| $ |  | $ |
Non-capital losses carried forward | 220,292 |  | 85,484 |
Investment in associates | 33,629 |  | 87,704 |
Capital losses | 131,295 |  | — |
Fixed assets | 154,523 |  | — |
Intangible assets | 3,668 |  | — |
Marketable Securities | 23,792 |  | — |
Investment tax credits | 5,034 |  | — |
Derivatives | 2,860 |  | — |
Capital lease obligations | 5,408 |  | — |
Other | 6,198 |  | — |
| 586,699 |  | 173,188 |

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