Note 16 - Income Taxes (Tables)

12 Months Ended

Oct. 31, 2023

Statement Line Items [Line Items]

Disclosure of reconciliation of income tax expense [text block]

(thousands of Canadian dollars)
	2023			2022
Income before income taxes	$	57,645		$	32,548
Income tax rate		27	%		27	%
Expected income tax provision		15,564			8,788
Tax rate differential		(569	)		172
Unrecognized deferred tax asset		136			411
Other permanent differences		352			519
Income taxes	$	15,483		$	9,890

Disclosure of major components of income tax expense [text block]

(thousands of Canadian dollars)
	2023			2022
Current income taxes	$	17,468		$	9,199
Deferred income taxes		(1,985	)		691
Income taxes	$	15,483		$	9,890

Disclosure of temporary difference, unused tax losses and unused tax credits [text block]

(thousands of Canadian dollars)
				Recognized
	November 1,			in net			October 31,
	2022			income			2023
Allowance for credit losses	$	508		$	158		$	666
Loss carry forwards		-			1,625			1,625
Share issue and financing costs		909			(463	)		446
Deposit commissions		(1,227	)		(596	)		(1,823	)
Intangibles assets		(786	)		188			(598	)
Deferred loan fees		658			160			818
Other		1,280			913			2,193
Net deferred income tax assets	$	1,342		$	1,985		$	3,327

(thousands of Canadian dollars)
				Recognized
	November 1,			in net			October 31,
	2021			income			2022
Allowance for credit losses	$	388		$	120		$	508
Loss carry forwards		338			(338	)		-
Share issue and financing costs		1,373			(464	)		909
Deposit commissions		(981	)		(246	)		(1,227	)
Intangibles assets		(898	)		112			(786	)
Deferred loan fees		757			(99	)		658
Other		1,056			224			1,280
Net deferred income tax assets	$	2,033		$	(691	)	$	1,342

(thousands of Canadian dollars)
	2023			2022
Deferred tax assets	$	4,058		$	2,128
Deferred tax liabilities		(731	)		(786	)
Net deferred income tax assets	$	3,327		$	1,342