9. Income Taxes

12 Months Ended

Sep. 30, 2018

Notes

9. Income Taxes

9.     Income Taxes

The Company has $7,390,231 of net operating losses carried forward to offset taxable income in future years which expire commencing in fiscal 2032. The income tax benefit differs from the amount computed by applying the US federal income tax rate which was 34% until January 1, 2018, when the income tax rate decreased to 21% to net loss before income taxes. As at September 30, 2018 and 2017, the Company had no uncertain tax positions.

	September 30, 2018 $	September 30, 2017 $
Net loss before taxes	6,048,092	2,690,342
Statutory rate	24.3%	30%
Computed expected tax recovery	1,475,301	807,103
Permanent differences and other	(309,483)	(340,177)
Change in tax rates	(390,471)	–
Change in valuation allowance	(775,347)	(466,926)
Income tax provision	–	–

The significant components of deferred income tax assets and liabilities as at September 30, 2018 and 2017 after applying enacted corporate income tax rates are as follows:

	2018 $	2017 $
Net operating losses carried forward	1,551,949	776,602
Valuation allowance	(1,551,949)	(776,602)
Net deferred tax asset	–	–