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Income taxes
 12 Months Ended
Mar. 25, 2023
Income Tax Disclosure [Abstract]  
Income taxes
9.
Income taxes:
 
(a)
The Company recognizes interest and penalties related to uncertain tax positions in income tax expense. As of March 25, 2023, the Company did not have any accrued interest or penalties related to uncertain tax positions due to available tax loss carry forwards. The tax years 2016 through 2023 remain open to examination by the major taxing jurisdictions to which the Company is subject.
The Company evaluates its deferred tax assets to determine if any adjustments to its valuation allowances are required. As part of this analysis, the Company could not reach the required conclusion that it would be able to more likely than not realize the value of net deferred tax assets in the future. As a result, the Company has a non-cash valuation allowance of $24.8 million (March 26, 2022 - $22.7 million) against the Company’s net deferred tax assets.
 
The significant items comprising the Company’s net deferred tax assets at March 25, 2023 and March 26, 2022 are as follows:
 
    
Fiscal Year Ended
  
    
March 25, 2023
     
March 26, 2022
  
    
(In thousands)
  
Deferred tax assets:
         
Loss and tax credit carry forwards
    $ 13,282      $ 12,745  
Difference between book and tax basis of property and equipment
      7,396        6,024  
Operating lease right-of-use asset
      3,690        4,082  
Other reserves not currently deductible
      1,195        212  
Other
      (743 )       (403 ) 
    
 
 
     
 
 
  
Net deferred tax asset before valuation allowance
      24,820        22,660  
Valuation allowance
      (24,820 )       (22,660 ) 
    
 
 
     
 
 
  
Net deferred tax asset
    $ —        $ —    
    
 
 
     
 
 
  
The Company’s income tax expense (benefit) consists of the following components:
 
    
Fiscal Year Ended
  
    
March 25, 2023
     
March 26, 2022
     
March 27, 2021
  
           
(In thousands)
         
Income tax expense (benefit):
                           
Current
    $ —        $ —        $ —    
Deferred
      (1,860 )      1,781        (1,606 ) 
Valuation allowance
      1,860        (1,781 )       1,606  
Income tax expense
    $ —        $ —        $ —    
The Company’s current tax payable was nil at March 25, 2023, March 26, 2022 and March 27, 2021.
The Company’s provision for income taxes varies from the amount computed by applying the statutory income tax rates for the reasons summarized below:
 
 
  
Fiscal Year Ended
 
  
March 25, 2023
 
  
March 26, 2022
 
  
March 27, 2021
 
Canadian statutory rate
      25.9%       26.1%       26.2%  
Utilization of unrecognized losses and other tax attributes
      (25.0% )      (130.8% )      (27.3% ) 
Permanent differences and other
      (0.9%
)
 		     104.7%       (1.1% ) 
    
 
 
    
 
 
    
 
 
  
Total
      0%

  0%       0%  
    
 
 
    
 
 
    
 
 
  
 
(b)
At March 25, 2023, the Company had federal non-capital losses of $45.9 million available to reduce future Canadian federal taxable income and investment tax credits (“ITC’s”) in Canada of $0.2 million available to reduce future Canadian federal income taxes payable which will expire in accordance with their respective terms between 2023 and 2031 of which nil expires in calendar 2023. The Company also has capital losses of $1.4 million available to reduce future Canadian capital gains. These capital losses do not have an expiration date.
 
    
Non Capital losses as
of March 25, 2023
  
    
(in thousands)
  
Year ending March:
   
 
Operating
 
Expiring in 2024
      —    
Expiring in 2025
      —    
Expiring in 2026
      3,390  
Expiring in 2027
      —    
Expiring in 2028
      —    
Expiring in 2029
      —    
Expiring in 2030
      5,095  
Expiring in 2031
      3,575  
Expiring after 2031
      33,762  
    
 
 
  
Total non-capital losses as of March 25, 2023
      45,937