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INCOME TAXES (Tables)
12 Months Ended
Sep. 30, 2022
INCOME TAXES  
Reconciliation of Income Taxes at Statutory Rates

For the years ended September 30

    

2022

    

2021

Loss for the year before income tax

$

(35,215,072)

 

$

(36,839,810)

Tax recovery at statutory income tax rates

$

(9,509,000)

 

$

(9,947,000)

Non-deductible share-based payments

 

963,000

 

1,575,000

Taxable capital gains

 

 

Other permanent differences including foreign exchange

 

(25,000)

 

(49,000)

Share issue costs

 

 

(2,492,000)

Change in statutory, foreign tax, foreign exchange rates and other

 

1,288,000

 

1,260,000

Adjustment to prior years provision versus statutory tax returns and expiry of non-capital losses

 

165,000

 

(725,000)

Change in valuation allowance

 

7,007,000

 

10,344,000

Total income tax expense

$

(111,000)

 

$

(34,000)

Significant Components of Future Tax Assets

Deferred tax assets

    

2022

    

2021

Operating losses carried forward

$

37,710,000

 

$

29,749,000

Equipment and intangible assets

 

77,000

 

77,000

Investment tax credits

 

29,000

 

29,000

Financing costs

 

2,026,000

 

3,025,000

Federal R&D credit

 

210,000

 

210,000

Other

 

125,000

 

79,000

 

40,177,000

 

33,169,000

Valuation allowance

 

(40,177,000)

 

(33,169,000)

Net future tax assets

$

 

$