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Income Taxes
12 Months Ended
Mar. 31, 2019
Income Tax Disclosure [Abstract]  
Income Taxes

8. INCOME TAXES

 

Income taxes

 

The provision for income taxes differs from that computed at combined corporate tax rate of approximately 26% as follows:

 

Income tax recovery

 

    Year ended
March 31, 2019
    Year ended
March 31, 2018
 
    $     $  
Net loss     (8,952,065 )     (8,623,738 )
                 
Expected income tax recovery     (2,233,937 )     (2,242,172 )
Non-deductible expenses     796,673       1,068,744  
Other temporary differences     (44,048 )     (41,773 )
Change in valuation allowance     1,481,312       1,251,201  
      -       -  

 

Deferred tax assets

 

    As at 
March 31, 2019
    As at 
March 31, 2018
 
    $     $  
Non-capital loss carry forwards     2,626,861       1,145,549  
Other temporary differences     123,810       147,057  
Change in valuation allowance     (2,750,671 )     (1,292,606 )
      -       -  

 

As of March 31, 2019 and 2018, the Company decided that a valuation allowance relating to the above deferred tax assets of the Company was necessary, largely based on the negative evidence represented by losses incurred and a determination that it is not more likely than not to realize these assets, such that, a corresponding valuation allowance, for each respective period, was recorded to offset deferred tax assets.

  

As of March 31, 2019 and 2018 the Company has approximately $10,103,310 and $4,405,959, respectively, of non-capital losses available to offset future taxable income. These losses will expire between 2033 to 2036.

 

As of March 31, 2019 and 2018 the Company is not subject to any uncertain tax positions.