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Income Taxes (Tables)
12 Months Ended
Jun. 30, 2022
Income Tax Disclosure [Abstract]  
Components of Future Tax Assets and Deferred Tax Liabilities

Significant components of the Company’s deferred tax assets and deferred tax liabilities are shown below:

 

 

 

June 30,
2022
$

 

 

June 30,
2021
$

 

Deferred tax assets:

 

 

 

 

 

 

Non-capital losses carried forward

 

 

25,541

 

 

 

20,148

 

Stock-based compensation

 

 

635

 

 

 

155

 

Capital losses carried forward

 

 

18

 

 

 

18

 

Financing costs

 

 

326

 

 

 

326

 

Bonus - compensation

 

 

85

 

 

 

 

Scientific research and development

 

 

803

 

 

 

761

 

Scientific research and development – Investment
   Tax Credits (“ITC”)

 

 

690

 

 

 

665

 

 

 

 

28,098

 

 

 

22,073

 

Deferred tax liabilities:

 

 

 

 

 

 

Scientific research and development – ITC

 

 

(114

)

 

 

(110

)

 

 

 

27,984

 

 

 

21,963

 

Valuation allowance

 

 

(27,984

)

 

 

(21,963

)

Net future tax assets

 

 

 

 

 

 

Schedule of Difference Between Income Tax Rate and Statutory Income Tax Rate

The differences arise from the following items:

 

 

 

June 30,
2022
$

 

 

June 30,
2021
$

 

Tax recovery at statutory income tax rates

 

 

(4,743

)

 

 

(8,015

)

Permanent differences

 

 

802

 

 

 

4,506

 

Effect of rate differentials between jurisdictions

 

 

(345

)

 

 

(551

)

Effect of foreign exchange rates

 

 

445

 

 

 

(954

)

Non-capital losses acquired with Adgero

 

 

 

 

 

(4,114

)

Scientific research and development – ITC

 

 

(44

)

 

 

97

 

Adjustment to prior year's provision versus statutory tax returns

 

 

(2,332

)

 

 

228

 

Other

 

 

196

 

 

 

 

Change in valuation allowance

 

 

6,021

 

 

 

8,803