FINANCE COSTS (Tables)

3 Months Ended

Mar. 31, 2023

Finance Costs [Abstract]

Disclosure Of finance costs

Finance costs for the reporting periods consist of the following:

	Three months ended March 31,
	2023	2022
	$	$
Interest on long-term debt and other debtsa	1,046,648	352,710
Interest on lease liabilitiesa	36,425	772,087
Accretion and revaluation expense on balance of purchase price payable related to the acquisition of the dealership rights	—	56,336
Financing costs	435,212	—
Other	(97,931)	(2,725)
	1,420,354	1,178,408

a.Net of capitalized borrowing costs of $1,718,711 for the three months ended March 31, 2023, $756,233 included in interest on long-term debt and other debts and $962,478 in interest on lease liability, respectively (three months ended March 31, 2022: nil). The weighted average interest rate used to capitalize the borrowing costs is 5.68% in 2023.

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