Income taxes

12 Months Ended

Dec. 31, 2021

18.

Income taxes:

(a)

Numerical reconciliation of income tax expense:

At December 31, 2021, the Company has approximately $59,600,000 of U.S. non-capital loss carry-forward available to reduce future years’ taxable income of which $5,910,000 will expire between 2033 and 2040. The remainder will be carried forward indefinitely.

The Company’s provision for income taxes is reconciled as follows:


	December 31,		December 31,		December 31,
	2021		2020		2019
Accounting Net Loss before income tax - Greenbrook TMS	$	(24,751,488)	$	(29,663,540)	$	(15,909,879)
Accounting Net Loss before income tax - non-controlling interest	$	(108,430)	$	(739,181)	$	57,590

Accounting Net Loss before income tax	$	(24,859,918)	$	(30,402,721)	$	(15,852,289)

Income tax provision at statutory rate 25.38% (December 31, 2020 - 25.75%; December 31, 2019 – 25.95%)	$	(6,309,447)	$	(7,828,701)	$	(4,113,669)
Non-controlling interest		27,520		190,339		(14,945)
Non-deductible expenses and other permanent differences		(786,853)		(4,202)		119,258
Future rate differential		563,948		(20,880)		(81,857)
Change in unrecognized deferred tax assets		6,504,832		7,663,444		4,091,213
Income tax expense at effective rate	$	—	$	—	$	—

18.

Income taxes (continued):

(b)

Deferred tax asset/liability:

Deferred tax assets and liabilities recognized in the consolidated statements of financial position relate to the following:


	December 31,		December 31,
	2021		2020
Book value in excess of tax costs	$	(334,167)	$	(262,207)
Property, plant and equipment		334,167		262,207
Net deferred tax assets (liabilities)	$	—	$	—

The following temporary differences have not been recognized in the Company’s consolidated financial statements:


	December 31,		December 31,
	2021		2020
Property, plant and equipment	$	—	$	—
Non-capital loss carry-forward		59,623,930		37,798,280
Other, including share-based compensation		13,727,524		6,941,969
Intangible assets		9,533,145		10,356,383
Unrecognized total deferred tax assets	$	82,884,599	$	55,096,632