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INCOME TAXES (Table)
12 Months Ended
Oct. 31, 2021
Schedule of deferred tax assets

 

 

2021

 

 

2020

 

Income/(Loss) Before Income Taxes

 

$(262,983)

 

$(109,561)

Income Tax Recovery

 

 

(55,226)

 

 

(23,008)

Valuation Allowance

 

 

55,226

 

 

 

23,008

 

 

 

$--

 

 

$--

 

 

 

 

 

 

 

 

 

 

Net Operating Losses

 

$2,466,386

 

 

$2,203,403

 

Tax Rate

 

 

21%

 

 

21%

 

 

 

 

 

 

 

 

 

Deferred Tax Assets

 

 

517,941

 

 

 

462,715

 

Valuation Allowance

 

 

(517,941)

 

 

(462,715)

Net Deferred Tax Assets

 

$-

 

 

$-

 

Schedule of federal statutory rate

 

 

2021

 

 

2020

 

U.S. federal statutory rate

 

 

21%

 

 

21%

Net operating loss

 

(21

)%

 

(21

)%

Effective tax rate

 

--

%

 

--

%

Canadian subsidiary company [Member]  
Schedule of deferred tax assets

 

 

2021

2020

 

Income/(Loss) Before Income Taxes

 

$24,572

 

 

$7,583

 

 

 

 

 

 

 

 

 

 

Income Tax Expense

 

 

6,512

 

 

 

2,009

 

Valuation Allowance

 

 

(6,512)

 

 

(2,009)

 

 

$--

 

 

$--

 

 

 

 

 

 

 

 

 

 

Net Operating Losses

 

$59,050

 

 

$76,039

 

Tax Rate

 

 

26.5%

 

 

26.5%

 

 

 

 

 

 

 

 

 

Deferred Tax Assets

 

 

15,648

 

 

 

20,150

 

Valuation Allowance

 

 

(15,648)

 

 

(20,150)

Net Deferred Tax Assets

 

$--

 

 

$--

 

Schedule of federal statutory rate

 

 

2021

2020

 

Canadian federal statutory rate

 

 

26.5%

 

 

26.5%

Net operating loss

 

(26.5

)%

 

(26.5

)%

Effective tax rate

 

--

%

 

--

%