Annual and transition report of foreign private issuers pursuant to Section 13 or 15(d)

Income taxes (Tables)

v3.23.1
Income taxes (Tables)
12 Months Ended
Dec. 31, 2022
Income taxes  
Schedule of loss before income taxes

​

​

​

​

​

​

​

​

​

​

   

2022

   

2021

   

2020

 

​

​

$

​

$

​

$

​

Net loss for the year

 

(9,485,000)

 

(1,652,000)

 

(1,285,000)

​

Statutory tax rate

 

27

%  

27

%  

27

%

Expected income tax recovery

 

(2,561,000)

 

(446,000)

 

(347,000)

​

Decrease to income tax recovery due to:

 

  

 

  

 

  

​

Non-deductible permanent differences

 

172,000

 

135,000

 

79,000

​

Temporary differences

 

(361,000)

 

(516,000)

 

6,000

​

(Over) under provided in prior years

 

(722,000)

 

—

 

(278,000)

​

Change in tax assets not recognized

 

3,472,000

 

827,000

 

540,000

​

Income tax recovery

 

—

 

—

 

—

​

​

Schedule of significant components of the Company's deferred tax assets

​

​

​

​

​

​

​

    

December 31,

    

December 31, 

​

​

 2022

​

2021

​

​

$

​

$

Share issuance costs

 

700,000

 

529,000

Cumulative eligible capital

 

112,000

 

105,000

Operating losses carried forward

 

4,975,000

 

1,652,000

Total deferred tax assets

 

5,787,000

 

2,286,000

Deferred tax assets not recognized

 

(5,787,000)

 

(2,286,000)

​

 

—

 

—

​

Schedule of losses expire

​

​

​

​

Expiry date

  

$

2032

​

44,000

2033

​

748,000

2034

​

325,000

2035

​

286,000

2036

​

365,000

2037

​

618,000

2038

​

1,089,000

2039

​

554,000

2040

​

1,116,000

2041

​

3,648,000

2042

​

9,634,000

Total

​

18,427,000