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Income Tax (Tables)
12 Months Ended
Aug. 31, 2024
Income Taxes  
Schedule of Income Tax

 

 

 

August 31

 2024

 

 

 

 

August 31

 2023

 

 

 

 

$

 

 

$

 

Loss before taxes

 

 

 (5,808,654

)

 

 

(6,712,525

)

Expected income tax recovery

 

 

 (1,255,377

)

 

 

(1,427,529

)

Non-deductible items

 

 

 (532

)

 

 

(831

)

Change in estimates

 

 

 119,349

 

 

 

4,271

 

Effect of changes in foreign and long-term tax rates

 

 

 

 

 

 

-

 

Change in valuation allowance

 

 

 1,138,779

 

 

 

1,432,305

 

Total income taxes

 

 

 2,219

 

 

 

8,216

 

Schedule of Deferred tax assets

 

 

 

 

August 31

2024

 

 

 

 

August 31

2023

 

 

 

 

$

 

 

$

 

Non-capital losses

 

 

 8,738,277

 

 

 

8,637,353

 

Marketable securities

 

 

 (14,051

)

 

 

(14,051 

)

Stock based compensation

 

 

 754,147

 

 

 

650,778

 

R&D

 

 

 1,348,082

 

 

 

371,326

 

PPE and intangibles 

 

 

 (95,179

)

 

 

(64,569

)

Total deferred tax assets

 

 

 10,731,276

 

 

 

9,580,837

 

Valuation Allowance

 

 

 (10,731,276

)

 

 

(9,580,837

)

Net Deferred tax assets

 

 

 -

 

 

 

-