v3.22.2.2
Income Tax (Tables)
12 Months Ended
Aug. 31, 2022
Income Tax  
Schedule of effective income tax rate reconciliation

 

 

August 31

2022

 

 

August 31

2021

 

 

 

$

 

 

$

 

Loss before taxes

 

 

(7,383,653

)

 

 

(4,169,832 )

Expected income tax recovery

 

 

(1,619,854

)

 

 

(800,952 )

Non-deductible items

 

 

(280,155

)

 

 

(142,895 )

Change in estimates

 

 

(44,867

)

 

 

(56,316 )

Effect of changes in foreign and long-term tax rates

 

 

23,625

 

 

 

-

 

Change in valuation allowance

 

 

1,271,207

 

 

 

1,006,256

 

Total income taxes

 

 

-

 

 

 

6,093

 

Schedule of deferred taxes assets and liabilities

 

 

August 31

2022

$

 

 

August 31

2021

$

 

Non-capital losses

 

 

7,747,485

 

 

 

6,580,183

 

Marketable securities

 

 

118,175

 

 

 

14,270

 

Total unrecognized deferred tax assets

 

 

7,865,660

 

 

 

6,594,453

 

Schedule of carryforwards net operating loss

Year

 

Amount

 

 

Canada

 

2026

 

 

 

 

 

-

 

2025

 

 

76,000

 

 

 

-

 

2026

 

 

508,000

 

 

 

-

 

2027

 

 

1,056,000

 

 

 

-

 

2028

 

 

720,000

 

 

 

-

 

2029

 

 

753,000

 

 

 

-

 

2030

 

 

552,000

 

 

 

-

 

2031

 

 

538,000

 

 

 

-

 

2032

 

 

252,000

 

 

 

-

 

2033

 

 

344,000

 

 

 

-

 

2034

 

 

3,257,000

 

 

 

-

 

2035

 

 

1,934,000

 

 

 

-

 

2036

 

 

1,150,000

 

 

 

-

 

2037

 

 

1,857,000

 

 

 

-

 

2038

 

 

-

 

 

 

-

 

2039

 

 

-

 

 

 

-

 

2040

 

 

-

 

 

 

270,000

2041

 

 

-

 

 

 

-

 

2042

 

 

-

 

 

 

380,000

 

Indefinite

 

 

23,390,000

 

 

 

-

 

 

 

 

 

 

 

 

 

 

Total

 

 

36,387,000

 

 

 

650,000