Income Taxes (Tables)

12 Months Ended

Jun. 30, 2021

Income Tax Disclosure [Abstract]

Schedule of Federal Income Tax Provision

The statutory rate differs from the Company’s current year provision due to the following:

	June 30, 2021 $			June 30, 2020 $
Net loss before taxes		41,760,064			13,318,408
Statutory rate		21	%		21	%
Computed expected tax recovery		8,769,613			2,796,866
Change in fair value of derivative liabilities		(4,127,612	)		(1,047,095	)
Gain/loss on settlement of debt		3,923,489			250,207
Stock-based compensation		(6,164,291	)		–
Net operating loss adjustment		(172,322	)		–
Change in valuation allowance		(1,625,555	)		(1,359,591	)
Other permanent tax adjustments		(603,322	)		(640,387	)
Income tax provision		–			–

Schedule of Deferred Income Tax Assets and Liabilities

The significant components of deferred income tax assets and liabilities at June 30, 2021 and 2020 after applying enacted corporate income tax rates are as follows.

	2021 $			2020 $
Net operating losses carried forward		6,791,720			5,166,165
Valuation allowance		(6,791,720	)		(5,166,165	)
Net deferred tax asset		–			–

Schedule of Unrecognized Tax Benefits

The unrecognized tax benefits for the Company are as follows:

	2021 $		2020 $
Unrecognized tax benefits, beginning of period		2,550,962		–
Increases – tax position in current period		–		2,550,962
Unrecognized tax benefits, end of period		2,550,962		2,550,962