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Income Taxes (Tables)
12 Months Ended
Jun. 30, 2024
Income Tax Disclosure [Abstract]  
Schedule of Reconciliation Of Tax Computed At The Statutory Rates To The Income Tax Provision Recognized

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

 

 

 

June 30,
2024
$

 

 

June 30,
2023
$

 

Deferred tax assets:

 

 

 

 

 

 

Non-capital losses carried forward

 

 

27,911

 

 

 

29,204

 

Stock-based compensation

 

 

1,149

 

 

 

982

 

Capital losses carried forward

 

 

 

 

 

18

 

Financing costs

 

 

 

 

 

326

 

Bonus - compensation

 

 

375

 

 

 

37

 

Scientific research and development

 

 

806

 

 

 

895

 

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

 

 

685

 

 

 

769

 

Capitalized research and development expenses

 

 

604

 

 

 

265

 

 

 

31,530

 

 

 

32,496

 

Deferred tax liabilities:

 

 

 

 

 

 

Scientific research and development – ITC

 

 

(114

)

 

 

(127

)

Fixed Assets

 

 

(71

)

 

 

 

 

 

31,345

 

 

 

32,369

 

Valuation allowance

 

 

(31,345

)

 

 

(32,369

)

Net future tax assets

 

 

 

 

 

 

Schedule of Components Of The Provision For Income Taxes

The differences arise from the following items:

 

 

 

June 30,
2024
$

 

 

June 30,
2023
$

 

Tax recovery at statutory income tax rates

 

 

(1,747

)

 

 

(3,076

)

Permanent differences

 

 

389

 

 

 

(1,095

)

Rate change

 

 

(17

)

 

 

 

Effect of rate differentials between jurisdictions

 

 

(110

)

 

 

(127

)

Effect of foreign exchange rates

 

 

441

 

 

 

66

 

Scientific research and development – ITC

 

 

 

 

 

(61

)

Adjustment to prior year's provision versus statutory tax returns

 

 

2,075

 

 

 

(106

)

Other

 

 

(7

)

 

 

13

 

Change in valuation allowance

 

 

(1,024

)

 

 

4,386

 

Current income tax expense