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Taxes (Tables)

12 Months Ended

Oct. 31, 2021

Taxes

Reconciliation of statutory income tax rates


As at		2021		2020
		$		$
Accounting Loss before income taxes		(35,767)		(6,125)
Canadian Statutory tax rate		23%		25%
Expected income tax recovery based on statutory rates		(8,226)		(1,531)

Increase (decrease) in taxes resulting from:
Non-deductible items		1,046		16
Tax on dispositions		813		-
Change in tax rates and subsidiary rate differential		82		77
Revaluation of tax estimates		1,344		-
Change in unrecognized deferred tax assets		3,875		1,667
Other items		336		-
Tax expense (recovery)		(730)		229

Components of the Deferred tax


For the year ended October 31, 2021		Deferred income tax asset (liability) beginning of year		Acquired business combination		Recognized in earnings		Deferred income tax asset (liability) end of year
		$		$		$		$
Capital assets		(2,422)		(11,656)		1,801		(12,277)
Right-of-use assets/liabilities		(1,709)		88		2,072		451
Other		(1,535)		2,039		2,596		3,100
Non-capital loss carry-forwards		8,774		9,825		445		19,044
Tax benefits not recognized		(5,043)		(9,638)		(4,214)		(18,895)
		(1,935)		(9,342)		2,700		(8,577)

Deferred income tax assets		250		-		(250)		-
Deferred income tax liabilities		(2,185)		(9,342)		2,950		(8,577)
		(1,935)		(9,342)		2,700		(8,577)