Income Taxes (Tables)

12 Months Ended

Sep. 30, 2021

Summary of Income taxes

				Period from
				incorporation on
	Year ended			June 23, 2020 to
	September 30, 2021			September 30, 2020
	(S)			($)
Net loss for the year before taxes		(15,006,235	)		(140,631	)
Canadian federal and provincial income tax rates		27	%		27	%
Income tax recovery based on Canadian federal and provincial income tax rates		(4,051,683	)		(37,970	)
Reconciling items:
Difference in foreign tax rates		5,852			-
Deferred tax asset not recognized		2,507,125			37,966
Stock-based compensation		750,911			-
Fair value change in warrant liability		408,070			-
Permanent differences and other		379,725			4
		-			-

Summary of Deferred Income Tax Assets and Liabilities

The significant components of deferred income tax assets and liabilities were as follows:

	September 30
	2021			2020
	($)			($)
Deferred tax assets and (liabilities):
Non-capital losses		590,968			-
Marketable securities		3,587			-
Undeducted financing fees		114,064			-
Other deferred tax assets		192,302			-
Royalty assets		(41,762,451	)		-
Mineral and royalty interests		(1,634,863	)		-
Other deferred tax liabilities		(203,607	)		-
Deferred income tax liabilities, net		(42,700,000	)		-

Summary of Deductible Temporary Differences Not Recognized

At September 30, 2021 and 2020, deductible temporary differences for which no deferred tax assets are recognized are below:

Gold Royalty Corp.

Notes to Consolidated Financial Statements

(Expressed in United States dollars unless otherwise stated)

11. Income Taxes (continued)

	September 30
	2021		2020
	($)		($)
Deductible temporary differences not recognized:
Non-capital losses		9,341,488		38,034
Marketable securities		759,068		-
Mineral and royalty interests		-		-
Other deferred tax assets		1,326		12
Deductible temporary differences not recognized		10,101,882		38,046