Company: GROY-WT
Filing Date: 2025-03-20
Form Type: 20-F
Source: 0000950170-25-042306
Chunk: 120

Company: Gold Royalty Corp.
Filing Date: 2025-03-20
Form: 20-F
Item: Item 19
Chunk 120
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 taxes ( 9,385) ( 32,889) ( 2,639) ( 17,361)
Canadian federal and provincial income tax rates 27% 27% 27% 27%
Income tax recovery based on Canadian federal and provincial income tax rates ( 2,534) ( 8,880) ( 713) ( 4,687)
Reconciling items:
Difference in foreign tax rates 1,865 792 12 210
Change in deferred tax assets not recognized ( 6,331) 1,319 ( 52) 3,282
Share-based compensation 631 758 291 849
Non-taxable dividends - ( 2) ( 5) ( 106)
Fair value change in warrant liability - ( 36) ( 79) ( 1,080)
Tax rate difference on fair value change in short-term investments 1 ( 2) ( 137) 12
Permanent difference and others 394 ( 82) 248 1,505
( 5,974) ( 6,133) ( 435) ( 15)
The significant components of deferred income tax assets and liabilities were as follows:
December 31, 2024 December 31, 2023
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($) ($)
Deferred tax assets and (liabilities):
Non-capital losses 8,187 4,902
Capital losses - 32
Financing fees 2,175 1,685
Other deferred tax assets 928 691
Restricted interest and financing expenses 1,138 - 
Royalties, streaming and other mineral interests ( 132,009) ( 133,582)
Gold-linked loan - ( 19)
Convertible debentures ( 4,242) ( 4,717)
Other deferred tax liabilities ( 222) ( 206)
( 124,045) ( 131,214)
At December 31, 2024, and 2023, deductible temporary differences for which no deferred tax assets are recognized are below:
December 31, 2024 December 31, 2023
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($) ($)
Deducted temporary differences not recognized:
Non-capital losses 936 14,490
Capital losses 937 495
Royalties, streaming and other mineral interests - 9,553
Short-term investments 333