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Income Taxes

12 Months Ended

Jun. 30, 2014

The reconciliation of the combined U.S. federal and state statutory income tax rate to the effective tax rates is as follows years ended June 30 is as follows:

	2014			2013
Loss before recovery of income taxes	$	24,286		$	49,174
Expected income tax recovery	$	(8,500	)	$	(16,719	)
Tax rate changes and other adjustments		(14,710	)		(33,969	)
Change in tax benefits not recognized		23,210			50,688
Income tax recovery	$	—		$	—

The 2014 statutory tax rate of 35% does not differ from that of fiscal 2013.

The net operating loss carry forwards expire as noted in the table below. Deferred tax assets have not been recognized in respect of these items because it is not probable that future taxable profit will be available against which the entity can utilize the benefits therefrom.

The Company’s non-capital income tax losses expire as follows:

2030	$	11,545
2031		88,329
2032		37,802
2033		49,174
2034		19,286
	$	206,136

- Definition

The entire disclosure for income taxes. Disclosures may include net deferred tax liability or asset recognized in an enterprise's statement of financial position, net change during the year in the total valuation allowance, approximate tax effect of each type of temporary difference and carryforward that gives rise to a significant portion of deferred tax liabilities and deferred tax assets, utilization of a tax carryback, and tax uncertainties information.

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