v3.22.2.2
TAXATION (Tables)
12 Months Ended
Jul. 31, 2022
TAXATION (Tables)  
Disclosure of information about income reconciliation of effective tax rate

 

 

Years ended July 31,

 

Reconciliation of effective tax rate

 

2022

 

 

2021

 

 

2020

 

Income (loss) for the period

 

$(995,066)

 

$(79,967)

 

$2,524,763

 

Income tax expense

 

 

 

 

 

 

 

 

 

Income (loss) excluding income tax

 

 

(995,066)

 

 

(79,967)

 

 

2,524,763

 

Income tax expense (recovery) using the Company’s domestic tax rate

 

 

(269,000)

 

 

(22,000)

 

 

682,000

 

Effect of tax rates in foreign jurisdictions

 

 

1,000

 

 

 

1,000

 

 

 

 

Non-deductible expenses and other

 

 

134,000

 

 

 

1,000

 

 

 

10,000

 

Difference in statutory tax rates and deferred tax rates

 

 

 

 

 

 

 

 

(2,000)

Change in unrecognized temporary differences

 

 

134,000

 

 

 

56,000

 

 

 

(690,000)

Current tax expense

 

$

 

 

$36,000

 

 

$

 

Disclosure of information about provision for deferred tax assets

Expiry:

 

Tax Losses

 

 

Resource Pools

 

 

Equipment and Other

 

Within one year

 

$-

 

 

$-

 

 

$-

 

One to five years

 

 

12,000

 

 

 

-

 

 

 

3,000

 

After five years

 

 

3,918,000

 

 

 

-

 

 

 

82,000

 

No expiry date

 

 

-

 

 

 

4,428,000

 

 

 

114,000

 

Total

 

$3,930,000

 

 

$4,428,000

 

 

$199,000