Income taxes (Tables)

12 Months Ended

Oct. 31, 2021

Summary of reconciliation of earnings multiplied by applicable tax rates

The recovery of income taxes differs from the amount obtained by applying the statutory Canadian Federal and Provincial income tax rates to the loss for the year as follows:


	October 31, 2021	October 31, 2020	October 31, 2019
	$	$	$
Net loss and comprehensive loss for the period before tax	(226,559,288)	(9,275,962)	(4,100,782)
Statutory tax rates	26.5%	26.5%	26.5%
	(60,038,210)	(2,458,130)	(1,086,707)
Change in unrecognized deferred tax amounts	8,799,310	2,365,715	993,703
Non-deductible item and others	51,238,900	92,415	93,004
Income tax expense	—	—	—

Summary of deductible temporary differences for which no deferred tax asset is recognised

Accordingly, the Company has not recognized the following deferred income tax assets in the consolidated financial statements:


	October 31, 2021	October 31, 2020	October 31, 2019
	$	$	$
Tax losses and credits carryforwards	14,341,855	3,799,216	1,163,353
Share issuance costs	12,647,471	—	—
Convertible debt	250,729	—	—
Reserves and provisions	233,840	84,464	24,164
Other	97,360	—	—
Plant and equipment, due to differences in amortization	(2,732,757)	(205,158)	(184,536)
Right of use assets, net of lease liabilities	615,993	(65,395)	—
	25,454,491	3,613,127	1,002,981
Deferred tax assets not recognized	(25,454,491)	(3,613,127)	(1,002,981)
	—	—	—