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Income Taxes (Tables)
12 Months Ended
Feb. 28, 2022
Income Tax Disclosure [Abstract]  
Schedule of Effective Rate For Income Tax Reconciliation

The table below reconciles the US federal income tax rate to the effective rate for the years ended February 28, 2022 and 2021.

 

Schedule of Effective Rate For Income Tax Reconciliation 

Income Taxes
Income Tax at Statutory Rate  (21)%
Effect of Operating Losses  21%
Foreign Income Tax  18%
Effective Income Tax Rate  18%
Schedule of Income Tax Components

A reconciliation of the Company’s effective tax rate as a percentage of income before taxes and federal statutory rate for the years ended February 28, 2022 and 2021, is summarized as follows:

 

Income Taxes (Details 2)
   2022
$
   2021
$
 
         
Loss before income taxes   (368,851)   (179,543)
           
Income tax recovery at statutory rates   (77,000)   (37,000)
Permanent differences            
Temporary differences   75,000    8,000 
Change in statutory, foreign tax, foreign exchange rates and other   43,299    29,000 
           
Income tax expenses   41,299       
Schedule of Deferred Tax Assets

The unrecognized deferred tax assets include US net operating losses as follows:

 

Schedule of Deferred Tax Assets 

Income Taxes (Details 3)
   2022
$
   2021
$
 
         
Deferred tax assets:          
Non-capital losses available for future periods   159,000    68,000 
Valuation allowance   (159,000)   (68,000)
           
Deferred income taxes recovered            
Schedule of Net Operating Losses Available to Offset Future Taxable Income

The Company has US net operating losses available to offset future taxable income as follows:

 

Schedule of Net Operating Losses Available to Offset Future Taxable Income 

Income Taxes (Details 4)
2016  $35,000 
2017   78,000 
2018   71,000 
2019   6,000 
2020   5,000 
2021   130,000 
2022   431,000 
Total  $756,000