v3.26.1
INCOME TAX EXPENSE
12 Months Ended
Dec. 31, 2025
Income Tax Expense  
INCOME TAX EXPENSE

NOTE 28 – INCOME TAX EXPENSE:

 

A. Taxes on income:

 

The combined Canadian federal and provincial statutory income tax rate is 26.5% in 2025, 2024 and 2023.

 

Israeli corporate tax rates is 23% in 2025, 2024 and 2023.

 

B. Tax reconciliation:

  

             
   Year Ended December 31 
   2025   2024   2023 
             
Loss before income tax  $(38,484)  $(19,263)  $(18,057)
Statutory tax rate   23%   23%   23%
Income tax benefit at the statutory tax rate   8,851    4,430    4,153 
Current period tax losses carried forward (unrecognized)   (8,851)   (4,430)   (4,153)
Income tax expense  $-   $-   $-