8. Income Taxes

12 Months Ended

Mar. 31, 2018

Notes

8. Income Taxes

8. INCOME TAXES

Income taxes

The provision for income taxes differs from that computed at Canadian corporate tax rate of approximately 15.0% as follows:

Income tax recovery

	Year ended March 31, 2018	Year ended March 31, 2017
	$	$
Net loss	(8,623,738)	(7,809,291)
Expected income tax recovery	(1,293,561)	(1,210,440)
Non-deductible expenses	616,583	98,771
Other temporary differences	(24,100)	(11,992)
Change in valuation allowance	701,077	1,123,661
	-	-

Deferred tax assets

	As at March 31, 2018	As at March 31, 2017
	$	$
Non-capital loss carry forwards	947,166	1,607,478
Other temporary differences	84,841	62,917
Change in valuation allowance	(1,032,007)	(1,670,395)
	-	-

As of March 31, 2018 and 2017, 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, 2018 and 2017 the Company has approximately $6,314,440 and $10,370,826, respectively, of non-capital losses available to offset future taxable income. These losses will expire between 2033 to 2035.

As of March 31, 2018 and 2017 the Company is not subject to any uncertain tax positions.