INCOME TAXES (Tables)

12 Months Ended

Dec. 31, 2017

Disclosure Of Income Tax [Abstract]

Disclosure of detailed information about income tax reconciliation [text block]

The provision for income tax differs from the amount that would have resulted by applying the combined Canadian statutory income tax rates of approximately 26.5% (2016 – 26.5%):

 

	December 31, 2017			December 31, 2016
Income before income taxes	$	17,152		$	4,798
		26.5	%		26.5	%
Tax expense (recovery) calculated using statutory rates		4,545			1,271
(Earnings not taxable) expenses not deductible		(3,491)			(1,361)
Change in tax benefits not recognized		(1,054)			90
Income tax expenses (recovery)	$	-		$	-

Disclosure of deferred taxes [text block]

	December 31, 2017		December 31, 2016
Deferred tax liabilities
Inventory	$	(4,724)	$	-
Property, plant & equipment		(31,606)		-
Derivative assets		(255)		-
Deferred tax asset
Non-capital loss carryforwards		36,585		-
	$	-	$	-

Disclosure of temporary difference, unused tax losses and unused tax credits [text block]

Deductible temporary differences for which deferred tax assets have not been recognized are attributable to the following:

	December 31, 2017		December 31, 2016
Property, plant and equipment	$	-	$	4,802
Decommissioning and restoration liability		29,200		27,275
Capital losses		3,420		10,143
Non-capital losses, expiring 2034 to 2037		95,730		98,696
Share issuance cost		3,150		5,178
Loan facility and secured notes payable		2,439		11,334
	$	133,939	$	157,428