INCOME TAXES

12 Months Ended

Mar. 31, 2024

Income Tax Disclosure [Abstract]

INCOME TAXES

10. 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, 2024			Year ended March 31, 2023
	$			$
Net loss		(14,094,283	)		(18,658,143	)
Expected income tax recovery		(3,664,514	)		(4,851,117	)
Non-deductible expenses		882,745			648,813
Other temporary differences		(4,160	)		(4,160	)
Change in valuation allowance		2,785,929			4,206,464
		—			—

Deferred tax assets

	As at March 31, 2024			As at March 31, 2023
	$			$
Non-capital loss carry forwards		18,211,344			15,421,255
Other temporary differences		7,963			12,123
Valuation allowance		(18,219,307	)		(15,433,378	)
		—			—

As of March 31, 2024 and 2023, 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, 2024 and 2023, the Company has approximately $70,043,631 and $59,312,517 , respectively, of non-capital losses available to offset future taxable income. These losses will expire between 2035 to 2039.

As of March 31, 2024, and 2023 the Company was not subject to any uncertain tax positions.