Annual reports filed by certain Canadian issuers pursuant to Section 15(d) and Rule 15d-4

Income taxes (Tables)

v3.19.3.a.u2
Income taxes (Tables)
12 Months Ended
Dec. 31, 2019
Major components of tax expense (income) [abstract]  
Schedule for Expiration of Income Tax Losses and Credits
The losses and credits will expire as follows:
 
Non-capital
losses carried forward
$

Federal investment
tax credits
$

2029
3,294

30

2030
2,341

50

2031
1,786

280

2032
7,425

184

2033
5,325

75

2034
13,032

131

2035
18,749

203

2036
21,140

206

2037
42,230

353

2038
47,735

414

2039
67,815

389

Schedule of Deferred Income Tax Assets
As at December 31, 2019 and December 31, 2018, temporary differences for which no deferred tax asset was recognized were as follows:

2019
$

 
2018
$

Deferred tax assets (liabilities)

 

Loss carry-forwards
56,533

 
44,264

Share issue costs
4,734

 
2,433

Deferred revenue, contingent consideration and royalty obligation
1,330

 
1,207

Property and equipment
(14
)
 

Intangible assets
1,128

 
1,248

SRED
1,354

 
991

Other
268

 
231


65,333

 
50,374

Potential tax assets not recognized
(65,333
)
 
(50,374
)
Net deferred tax assets

 

Schedule of Income Tax Recovery
The difference between the expected income tax recovery based on a 25.4% (2018 – 27.0%) Canadian statutory tax rate and the actual income tax expense recorded is summarized as follows:

2019
$

 
2018
$

Expected recovery at the statutory rate
(31,471
)
 
(17,312
)
Non-taxable revaluation of warrant liabilities
10,450

 
2,688

Non-deductible expenses including stock compensation
2,178

 
2,157

Effect of change in future tax rate
2,955

 

Difference between statutory and deferred tax rate
721

 

Unrecognized deductible temporary differences
15,167

 
12,467

Income taxes related to foreign subsidiaries
144

 
73

Total income tax expense
144

 
73