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Income taxes | 12 Months Ended
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Dec. 31, 2019
Income taxes paid (refund) [abstract] |
Income taxes | 19. Income taxes The reconciliation of income tax expense for the years ended December 31, 2019 and 2018 consists of the following:
|  | 2019 |  |  | 2018 |
|  | $ |  |  | $ |
Loss before income taxes |  | (52,013,186 | ) |  | (22,710,624 | )
Statutory federal and provincial tax rate |  | 26.50% |  |  | 26.50% |
Income tax recovery at the statutory tax rate |  | (13,783,494 | ) |  | (6,018,315 | )
Permanent differences |  | 7,797,290 |  |  | 2,706,000 |
Other adjustment |  | 6,334,913 |  |  | — |
Change in tax benefits not recognized |  | (348,709 | ) |  | 3,312,315 |
|  | — |  |  | — |
Deferred taxes reflect the tax effects of temporary differences between the carrying amounts of assets and liabilities for financial reporting purposes and their tax values. Deferred tax liabilities at December 31, 2019 and 2018 are comprised of the following:
|  | 2019 |  |  | 2018 |
Deferred tax liabilities |  | $ |  |  | $ |
Other investments |  | (168,092 | ) |  | (1,334,000 | )
Capital losses carried forward |  | 168,092 |  |  | 1,334,000 |
Deferred tax liabilities not recognized |  | — |  |  | — |
Deferred taxes are provided as a result of temporary differences that arise due to the differences between the income tax values and the carrying amount of assets and liabilities. Deferred tax assets have not been recognized in respect of the following temporary differences:
| 2019 | 2018 |
| $ | $ |
Property, plant and equipment | 1,054,843 | — |
Other investments | 1,287,743 | — |
Share issuance costs | 1,169,642 | 3,772,000 |
Non-capital losses carried forward - Canada | 27,518,609 | 29,272,000 |
Net operating losses carried forward - US | 274,454 | — |
Capital losses carried forward | 350,465 | — |
Unrealized fair value on biological assets and inventory | 1,098,497 | — |
| 32,754,253 | 33,044,000 |
The Company’s Canadian non-capital income tax losses expire as follows:
|  |  | $ |
2038 |  |  | 12,492,296 |
2039 |  |  | 15,026,313 |
|  |  | 27,518,609 |

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- Definition The entire disclosure for income taxes. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Name IAS -Number 12 -IssueDate 2019-01-01 -Section Disclosure -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IAS&num=12&code=ifrs-tx-2019-en-r&doctype=Standard&dita_xref=IAS12_g79-88_TI -URIDate 2019-03-27 + Details
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