INCOME AND MINING TAXES (Tables)

12 Months Ended

Dec. 31, 2020

INCOME AND MINING TAXES

Schedule of components of income and mining tax expense

	Year Ended December 31,
	2020		2019
Current income and mining taxes	$	180,202	$	112,981
Deferred income and mining taxes:
Origination and reversal of temporary differences		75,756		152,595
Total income and mining taxes expense	$	255,958	$	265,576

Schedule of effective income and mining tax reconciliation

	Year Ended December 31,
	2020			2019
Combined federal and composite provincial tax rates		26	%		26	%
Expected income tax expense at statutory income tax rate	$	199,568		$	192,073
Increase (decrease) in income and mining taxes resulting from:
Mining taxes		94,511			92,200
Impact of foreign tax rates		(7,471)			(14,915)
Permanent differences		(19,197)			(2,450)
Impact of foreign exchange on deferred income tax balances		(11,453)			(1,332)
Total income and mining taxes expense	$	255,958		$	265,576

Schedule and continuity of components of deferred income and mining tax liabilities

	As at		As at
	December 31, 2020		December 31, 2019
Mining properties	$	1,390,600	$	1,293,863
Net operating and capital loss carry forwards		(100,026)		(167,139)
Mining taxes		(90,706)		(71,507)
Reclamation provisions and other liabilities		(163,807)		(107,075)
Total deferred income and mining tax liabilities	$	1,036,061	$	948,142

	As at		As at
	December 31, 2020		December 31, 2019
Deferred income and mining tax liabilities - beginning of year	$	948,142	$	796,708
Income and mining tax impact recognized in net income		76,197		152,006
Income tax impact recognized in other comprehensive income and equity		11,722		(572)
Deferred income and mining tax liabilities - end of year	$	1,036,061	$	948,142

Schedule of deductible temporary differences and unused tax losses in respect of which a deferred tax asset has not been recognized

	As at		As at
	December 31, 2020		December 31, 2019
Net capital loss carry forwards	$	—	$	56,003
Other deductible temporary differences		214,520		296,425
Unrecognized deductible temporary differences and unused tax losses	$	214,520	$	352,428