v3.26.1
Income taxes (Tables)
 12 Months Ended
Mar. 31, 2026
Disclosure Of Income Tax [Abstract]  
Income tax expense (recovery)
Income tax expense (recovery) includes the following components:
20262025
$
$
Current
Related to current year4,020 4,133 
Related to prior years4,484 3,363 
8,504 7,496 
Deferred
Related to current year(268)123 
Related to reversal of previously unrecognized deferred tax asset
(7,875)— 
Related to prior years— 68 
(8,143)191 
Total income tax expense361 7,687 
The income tax expense reported, which includes foreign taxes, differs from the amount of the income tax recovery computed by applying Canadian statutory rates as follows:
20262025
$$
Loss before income taxes(144,051)(659,509)
Statutory tax rate26.5 %26.5 %
Income tax recovery at the statutory tax rate(38,174)(174,770)
Impact of rate differential of foreign jurisdiction7,805 10,916 
Non-deductible share-based compensation and related costs3,540 9,298 
Accounting loss (gain) on repurchase of equity
3,127 (388)
Adjustment related to prior years4,484 3,431 
Goodwill impairment— 147,457 
Net changes in unrecognized benefits of deferred tax assets(1)
14,515 10,756 
Impact of foreign exchange
3,845 1,674 
Other non-deductible expenses and non-taxable amounts1,219 (687)
Total income tax expense
361 7,687 
(1) In the fiscal year ended March 31, 2026, net changes in unrecognized benefits of deferred tax assets represents the impact of unrecognized current and prior year income tax benefits of $21,972 (2025 - $18,345) where recovery is not considered probable, partly offset by the recognition of previously unrecognized deferred income tax assets related to certain subsidiaries that generated profits for amount of $7,457 (2025 - $7,589).
Deferred tax assets/liabilities Significant components of the Company’s deferred tax assets and liabilities are as follows:
2026
Balance as at March 31, 2025Charged
(credited) to
consolidated
statement of
loss
Charged
(credited) to
other comprehensive loss
Other
Balance as at March 31, 2026
$$
$
$$
Deferred tax assets (liabilities) continuity
Property and equipment2,978 13,568 — — 16,546 
Intangible assets(35,032)17,503 — — (17,529)
Lease liabilities3,792 1,283 — — 5,075 
Lease right-of-use assets(2,842)(1,283)— — (4,125)
Non-capital losses carried forward17,852 (10,684)— — 7,168 
Deferred revenue387 (48)— — 339 
Long-term incentive plan
8,632 (6,345)— — 2,287 
Capitalized software technologies
9,060 (2,000)— — 7,060 
Other(4,813)(3,851)— 87 (8,577)
Net deferred tax assets
14 8,143 — 87 8,244 
2025
Balance as at March 31, 2024Charged
(credited) to
consolidated
statement of
loss
Charged
(credited) to
other comprehensive loss
Other
Balance as at March 31, 2025
$$
$
$$
Deferred tax assets (liabilities) continuity
Property and equipment3,513 (535)— — 2,978 
Intangible assets(46,697)12,060 — (395)(35,032)
Lease liabilities5,657 (1,865)— — 3,792 
Lease right-of-use assets(4,213)1,371 — — (2,842)
Non-capital losses carried forward24,741 (6,889)— — 17,852 
Deferred revenue421 (34)— — 387 
Long-term incentive plan
8,844 (212)— — 8,632 
Capitalized software technologies
12,535 (3,475)— — 9,060 
Other(4,249)(612)68 (20)(4,813)
Net deferred tax assets (liabilities)552 (191)68 (415)14 
Non-capital loss carryforwards
The Company has accumulated unrecognized deductible temporary differences, unused tax losses and unrecognized research and development expenditures as follows:
20262025
$$
Deductible temporary differences295,800 200,408 
Non-capital losses806,279 699,586 
Research and development expenditures61,928 38,837 
1,164,007 938,831