11. INTANGIBLE ASSETS

The following is a continuity of the cost and accumulated amortization and impairment losses of intangible assets for the year ended December 31, 2021:

Customer
Relationships

Domain
Names⁽¹⁾

Technology⁽²⁾

Other ⁽¹⁾

Total

Cost, beginning of year

8,500

4,300

24,001

205

37,006

Additions

880

Cost, end of year

8,500

4,300

24,881

205

37,886

Accumulated amortization and impairment losses, beginning of year

5,171

19,705

24,876

Amortization for the year

850

1,377

2,227

Impairment loss

428

Accumulated amortization and impairment losses, end of year

6,021

21,510

27,531

Carrying amounts as at December 31, 2021

2,479

4,300

3,371

205

10,355

(1) Domain names and Other which includes patents and trademarks are deemed to have indefinite useful lives and are therefore not amortized. The Corporation's classification of certain intangible assets with indefinite useful lives is based on the expectation that these assets will continue to contribute to the Corporation's net cash inflows on an indefinite basis. The determination of these assets as having indefinite useful lives is based on judgment that includes an analysis of relevant factors, including the expected usage of the asset, anticipated renewal of the licenses, the typical life cycle of the asset and anticipated changes in the market demand for the products and services that the asset helps generate.

(2) Technology includes technological assets acquired through acquisitions and internally developed software.

The following is a continuity of the cost and accumulated amortization and impairment losses of intangible assets for the year ended December 31, 2020:

		Customer Relationships		Domain Names⁽¹⁾		Technology⁽²⁾		Other ⁽¹⁾		Total
Cost, beginning of year	$	8,500	$	4,300	$	22,164	$	205	$	35,169
Additions		-		-		1,837		-		1,837
Cost, end of year	$	8,500	$	4,300	$	24,001	$	205	$	37,006
Accumulated amortization and impairment losses, beginning of year	$	4,321	$	-	$	18,042	$	-	$	22,363
Amortization for the year		850		-		1,636		-		2,486
Impairment loss		-		-		27		-		27
Accumulated amortization and impairment losses, end of year	$	5,171	$	-	$	19,705	$	-	$	24,876
Carrying amounts as at December 31, 2020	$	3,329	$	4,300	$	4,296	$	205	$	12,130

(2) Technology includes technological assets acquired through acquisitions and internally developed software.

Intangible Asset Impairment

During the third quarter of 2021, Management identified impairment indicators for a finite-life intangible asset under development and concluded that the specific asset was impaired. The cause of the impairment was due to COVID-19 considerations resulting in a shift in product priorities with certain loyalty program partners during the pandemic. As at September 30, 2021, Management assessed the recoverability of this asset to be nil and recorded an impairment charge of $428. The conditions that gave rise to the impairment were specific to the impaired intangible asset and not present for other assets of the Corporation.