Summary of Reconciliation of accounting and taxable income |
| | December 31, 2024 | | | December 31, 2023 | | | December 31, 2022 | | Loss before income taxes | | $ | (244,437 | ) | | $ | (191,795 | ) | | $ | (193,182 | ) | Tax expense (recovery) based on statutory rate of 27.0% | | | (66,000 | ) | | | (52,000 | ) | | | (52,000 | ) | Permanent differences and other | | | 824,000 | | | | (84,000 | ) | | | (4,000 | ) | | | | 758,000 | | | | (136,000 | ) | | | (56,000 | ) | Changes in unrecognized deferred tax assets | | | (758,000 | ) | | | 136,000 | | | | 56,000 | | Total income tax (recovery) | | $ | - | | | $ | - | | | $ | - | |
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Summary of Deffered tax assets and liabilities |
| | December 31, 2024 | | | December 31, 2023 | | Unrecognized deferred income tax assets: | | | | | | | Allowable capital losses | | $ | 468,000 | | | $ | 468,000 | | Non-capital losses | | | 1,945,000 | | | | 1,878,000 | | Investments | | | 625,000 | | | | 1,450,000 | | Unrecognized deferred tax assets | | | (3,038,000 | ) | | | (3,796,000 | ) |
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