INCOME TAX (Tables)
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12 Months Ended |
Sep. 30, 2025 |
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| INCOME TAX |
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| Reconciliation of income taxes at statutory rates with reported taxes |
| | | | | | | Years ended September 30 | | 2025 | | 2024 | Income (loss) before income taxes | | $ | (44,810,876) | | $ | 8,191,922 | Expected income tax expense (recovery) | | | (11,874,884) | | | 2,170,857 | Permanent differences | | | 2,094,294 | | | (250,237) | Share issue costs and other | | | 4,840 | | | (50,134) | Non-capital loss deferred (utilized) | | | — | | | (322,800) | Change in unrecognized deductible temporary differences | | | — | | | 36,572 | Total income tax recovery reported in the statements of comprehensive income | | $ | (9,775,750) | | $ | 1,584,258 | Current income tax recovery | | | (1,600,000) | | | 1,547,686 | Deferred income tax recovery | | | (8,175,750) | | | 36,572 | | | $ | (9,775,750) | | $ | 1,584,258 |
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| Summary of income taxes related to items recognized in other comprehensive income |
| | | | | | | Years ended September 30 | | 2025 | | 2024 | Current income tax | | | | | | | Non-capital loss carryback | | $ | (1,600,000) | | $ | — | Income tax expense (recovery) | | $ | (1,600,000) | | $ | — |
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| Summary of net deferred tax liability |
| | | | | | | Years ended September 30 | | 2025 | | 2024 | Deferred tax assets (liabilities) | | | | | | | Share issue costs | | $ | 560,648 | | $ | 49,511 | Investments | | | (2,952) | | | (5,770) | Cryptocurrencies | | | (6,231,773) | | | (904,628) | Long term assets | | | 4,968,001 | | | (109,608) | Convertible debt | | | (2,480,675) | | | — | Allowable capital losses | | | 471,806 | | | 565,319 | Non-capital losses available for future period | | | 2,129,964 | | | — | | | | (584,981) | | | (405,176) | Unrecognized deferred tax assets | | | — | | $ | 5,770 | Net deferred tax liabilities | | $ | (584,981) | | $ | (399,406) |
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| Schedule of change for the year in the net deferred tax liability |
| | | | | | | Years ended September 30 | | 2025 | | 2024 | Balance, beginning of year | | $ | (399,406) | | $ | 633,145 | Deferred tax recovery (expense) recognized in net income | | | 8,175,750 | | | (36,572) | Other | | | (22,133) | | | — | Deferred tax expense recognized in equity | | | (3,012,047) | | | — | Deferred tax expense recognized in other comprehensive income | | | (5,327,145) | | | (995,979) | Balance, end of year | | $ | (584,981) | | $ | (399,406) |
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