Income tax (Tables)

9 Months Ended

Jun. 30, 2026

19. Income tax

The Company’s effective income tax rate was -5% for the nine months ended June 30, 2026 (June 30, 2025 –0.00%). The effective tax rate is different than the statutory rate primarily due to the recognition of previously unrecognized deferred tax assets on non-capital losses in Canada.

The income tax recovery differs from the amount computed by applying the Canadian statutory income tax rate of 26.50% (2025 – 26.50%) to the loss before income taxes as a result of the following:

		For the period ended
		June 30, 2026				June 30, 2025
Income (loss) before income taxes		$	2,262				1,315
Expected recovery of income taxes based on statutory rates			599				348
Reduction in income tax recovery resulting from:
Foreign tax rate differential			(130	)			(57	)
Other permanent differences			1,211				131
Share issue costs allocated to equity			-				(39	)
Expiry of losses			50				372
Benefit from deferred tax asset not previously recognized			(1,829	)			(755	)
Income tax expense (recovery)		$	(99	)			-

Schedule of Income Tax Expense Recovery

		For the period ended
		June 30, 2026				June 30, 2025
Income (loss) before income taxes		$	2,262				1,315
Expected recovery of income taxes based on statutory rates			599				348
Reduction in income tax recovery resulting from:
Foreign tax rate differential			(130	)			(57	)
Other permanent differences			1,211				131
Share issue costs allocated to equity			-				(39	)
Expiry of losses			50				372
Benefit from deferred tax asset not previously recognized			(1,829	)			(755	)
Income tax expense (recovery)		$	(99	)			-