v3.26.1
Income Taxes (Tables)
 12 Months Ended
Mar. 31, 2026
Major components of tax expense (income) [abstract]  
Summary of Income Tax Expense (Recovery)
Income tax expense for the year is as follows:
Year endedMarch 31,
20262025
Current tax expense:$$
Current tax expense for the year2,725 1,276 
Deferred tax (recovery) expense:
Origination and reversal of temporary differences(1,510)1,499 
Total deferred tax (recovery) expense(1,510)1,499 
Total income tax expense1,215 2,775 
Summary of Effective Income Tax Rate Differs from Federal and Provincial Statutory Tax Rate
The Company’s effective income tax rate differs from the combined statutory tax rate as follows:
Year endedMarch 31,
20262025
%$%$
(Loss) earnings before income taxes(37,562)4,070 
Company's statutory tax rate26.5 (9,954)26.5 1,079 
Non-deductible share-based compensation expense(3.4)1,295 24.6 1,000 
Impairment of goodwill(23.4)8,791 32.7 1,332 
Tax loss on sale of subsidiaries21.2 (7,976)— — 
Other non-deductible and tax exempt items(0.2)58 (39.2)(1,595)
Change in unrecognized deferred tax assets(23.5)8,820 21.2 863 
Other(0.5)181 2.4 96 
Effective income tax rate(3.2)1,215 68.2 2,775 
Summary of Deferred Tax Assets and Deferred Tax Liabilities
The amounts recognized in the consolidated statement of financial position consist of:
As atMarch 31,
20262025
$$
Deferred tax liabilities(9,584)(11,228)
Deferred tax assets5,274 4,875 
(4,310)(6,353)
Summary of Movements in Temporary Differences
Movements in temporary differences during the year were as follows:
As atMarch 31, 2026
Opening
balance		Recognized
in earnings		Business acquisition and divestiture (note 4)ReclassificationForeign currency translation adjustmentTotal
$$$$$$
Losses available for carryforward and other tax deductions8,151 (611)1,820 (887)— 8,473 
Lease liabilities2,384 (840)— — — 1,544 
Deferred financing costs363 (322)— — — 41 
Total deferred tax assets10,898 (1,773)1,820 (887)— 10,058 
Intangibles and goodwill(9,827)2,583 (1,380)887 93 (7,644)
Tax credits and other(6,291)252 — — — (6,039)
Right-of-use assets(1,133)448 — — — (685)
Total deferred tax liability(17,251)3,283 (1,380)887 93 (14,368)
Net carrying amount(6,353)1,510 440 — 93 (4,310)
As atMarch 31, 2025
Opening
balance		Recognized
in earnings		Business acquisition (note 4)ReclassificationForeign currency translation adjustmentTotal
$$$$$$
Losses available for carryforward and other tax deductions9,932 (2,108)327 — — 8,151 
Lease liabilities3,053 (654)— — (15)2,384 
Deferred financing costs395 (32)— — — 363 
Total deferred tax assets13,380 (2,794)327 — (15)10,898 
Intangibles and goodwill(8,493)1,292 (2,581)— (45)(9,827)
Tax credits and other(5,786)(349)(156)— — (6,291)
Right-of-use assets(1,485)352 — — — (1,133)
Total deferred tax liability(15,764)1,295 (2,737)— (45)(17,251)
Net carrying amount(2,384)(1,499)(2,410)— (60)(6,353)
12. INCOME TAXES (CONT’D)
Losses available for carryforward for which no deferred tax asset was recognized
Expiry date Canada
$
20432,442 
20445,081 
2045848 
20461,016 
9,387 
Losses available for carryforward for which no deferred tax asset was recognized
Expiry date (a)
USA
$
203814,154 
Indefinite16,445 
30,599 
(a) Net operating losses amounting to $25,388,000 of which $14,154,000 will expire in 2038, are limited due to the U.S. tax rules applicable on the acquisition of Edgewater Technology Inc and eVerge. In addition, the Company has i) state losses amounting to approximately $55,867,000 (with varying expiration dates, or with an indefinite carryforward period depending on the applicable jurisdiction) and ii) net deductible temporary differences totaling approximately $41,062,000 for which no deferred tax benefit has been recognized.