Taxes Payable (Tables)

12 Months Ended

Dec. 31, 2017

Notes to Financial Statements

Taxation Payable

The remaining taxes payable consist of:

● A payroll tax liability of $155,894 (CDN$195,569) in Greenestone Muskoka which has not been settled as yet.

● The Company has assets and operates businesses in Canada and is required to disclose these operations to the US taxation authorities, the requisite disclosure has not been made. Management has reserved the maximum penalty due to the IRS in terms of non-disclosure. This noncompliance with US disclosure requirements is currently being addressed. An amount of $250,000 has been accrued for any potential exposure the Company may have.

	December 31, 2017		December 31, 2016
Payroll taxes	$	155,894	$	2,548,824
US penalties due		250,000		250,000
Income tax payable		283,346		—