v3.25.2
Income Taxes (Tables)
12 Months Ended
Dec. 31, 2024
Income Taxes  
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)

 

$-

 

 

$-

 

 

$-

 

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)