XML 33 R20.htm IDEA: XBRL DOCUMENT
v3.21.1

Income taxes | 12 Months Ended
--- | ---
Dec. 31, 2020
Income Taxes Tables [Abstract] |
15. Income taxes |
1 5. | Income taxes
(a) | Provision for income taxes
The major components of provision for income taxes are as follows:
|  | 2020 |  |  | 2019 |
Current tax expense |  |  | — |  |  |  | — |
Deferred tax expense |  |  | — |  |  |  | — |
Provision for income taxes |  |  | — |  |  |  | — |
The reconciliation of the provision for income taxes to the amount of income taxes calculated using statutory income tax rates applicable to the Company in Canada is as follows:
|  | 2020 |  |  | 2019 |
Canadian federal and provincial recovery of income taxes using statutory rate of 27% (2019 – 27%,) |  |  | (3,630 | ) |  |  | (2,653 | )
Change in unrecognized deductible temporary differences and unused tax losses |  |  | 3,093 |  |  |  | 4,534 |
Permanent differences and other |  |  | 537 |  |  |  | (1,881 | )
Provision for income taxes |  |  | — |  |  |  | — |
(b) | Deferred tax assets
As at December 31, the Company’s deferred tax assets are as follows:
|  | 2020 |  |  | 2019 |
Unused tax losses |  |  | 222 |  |  |  | 37 |
(c) | Deferred tax liabilities
As at December 31, the Company’s deferred tax liabilities are as follows:
|  | 2020 |  |  | 2019 |
Convertible debentures |  |  | — |  |  |  | — |
Deferred cost |  |  | 222 |  |  |  | 37 |
|  |  | 222 |  |  |  | 37 |
(d) | Deductible temporary differences and unused tax losses
Deferred tax assets have not been recognized because it is not probable that future taxable profit will be available against which the Company can use the benefits therefrom.
1 5. | Income taxes (Continued from previous page)
As at December 31, the Company has deductible temporary differences for which no deferred tax assets are recognized as follows:
|  | 2020 |  |  | 2019 |
Property and equipment |  |  | 2,946 |  |  |  | 2,103 |
Right-of-use assets, net lease liability |  |  | 438 |  |  |  | 388 |
Intangible assets |  |  | 10,346 |  |  |  | 3,205 |
Debentures |  |  | 433 |  |  |  | 595 |
Convertible debentures |  |  | 1,679 |  |  |  | 530 |
Financing costs |  |  | 1,496 |  |  |  | 1,509 |
Research and development expenditures |  |  | 1,437 |  |  |  | 1,437 |
Other |  |  | 2,245 |  |  |  | — |
|  |  | 21,020 |  |  |  | 9,767 |
In addition to the deductible temporary differences listed above, as at December 31, the Company has unused tax losses for which no deferred tax assets are recognized as follows:
|  | 2020 |  |  | 2019 |
Expires 2024 |  |  | 610 |  |  |  | 610 |
Expires 2025 |  |  | 936 |  |  |  | 1,101 |
Expires 2026 |  |  | 2,112 |  |  |  | 2,136 |
Expires 2027 |  |  | 4,863 |  |  |  | 5,203 |
Expires 2028 |  |  | 2,064 |  |  |  | 2,064 |
Expires 2029 |  |  | 4,237 |  |  |  | 4,679 |
Expires 2030 |  |  | 3,698 |  |  |  | 3,698 |
Expires 2031 |  |  | 1,470 |  |  |  | 1,614 |
Expires 2032 |  |  | 3,772 |  |  |  | 4,854 |
Expires 2033 |  |  | 6,065 |  |  |  | 11,006 |
Expires 2034 |  |  | 7,416 |  |  |  | 8,420 |
Expires 2035 |  |  | 9,680 |  |  |  | 11,168 |
Expires 2036 |  |  | 18,713 |  |  |  | 18,886 |
Expires 2037 |  |  | 20,450 |  |  |  | 20,449 |
Expires 2038 |  |  | 20,214 |  |  |  | 20,214 |
Expires 2039 |  |  | 24,977 |  |  |  | 14,557 |
Expires 2040 |  |  | 169 |  |  |  | — |
|  |  | 131,446 |  |  |  | 130,659 |

X
- Definition The entire disclosure for income taxes. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Name IAS -Number 12 -IssueDate 2020-01-01 -Section Disclosure -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IAS&num=12&code=ifrs-tx-2020-en-r&doctype=Standard&dita_xref=IAS12_g79-88_TI -URIDate 2020-01-01 + Details
Name: | ifrs-full_DisclosureOfIncomeTaxExplanatory
Namespace Prefix: | ifrs-full_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Income taxes tables. + References No definition available. + Details
Name: | mogo_IncomeTaxesTablesAbstract
Namespace Prefix: | mogo_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration