Income taxes (Tables)
|
12 Months Ended |
Dec. 31, 2024 |
|---|
| Income taxes |
|
| Schedule of loss before income taxes |
|
|
|
|
|
|
|
|
|
|
2024 |
|
2023 |
|
2022 |
|
|
|
$ |
|
$ |
|
$ |
|
Net loss for the year |
|
(3,313,346) |
|
(2,158,065) |
|
(7,718,882) |
|
Statutory tax rate |
|
27 |
% |
27 |
% |
27 |
% |
Expected income tax recovery |
|
(895,000) |
|
(583,000) |
|
(2,084,000) |
|
Decrease to income tax recovery due to: |
|
|
|
|
|
|
|
Non-deductible permanent differences |
|
(246,000) |
|
45,000 |
|
131,000 |
|
Temporary differences |
|
312,000 |
|
(25,000) |
|
276,000 |
|
(Over) under provided in prior years |
|
(1,099,000) |
|
(559,000) |
|
(552,000) |
|
Change in tax assets not recognized |
|
1,928,000 |
|
1,122,000 |
|
2,229,000 |
|
Income tax recovery |
|
— |
|
— |
|
— |
|
|
| Schedule of significant components of the Company's deferred tax assets |
|
|
|
|
|
|
|
December 31, |
|
December 31, |
|
|
2024 |
|
2023 |
|
|
$ |
|
$ |
Share issuance costs |
|
292,000 |
|
229,000 |
Cumulative eligible capital |
|
95,000 |
|
117,000 |
Operating losses carried forward |
|
6,706,000 |
|
4,819,000 |
Total deferred tax assets |
|
7,093,000 |
|
5,165,000 |
Deferred tax assets not recognized |
|
(7,093,000) |
|
(5,165,000) |
|
|
— |
|
— |
|
| 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 |
|
12,628,000 |
2043 |
|
8,084,000 |
2044 |
|
6,534,000 |
Total |
|
36,039,000 |
|