INCOME TAXES (Tables)
|
12 Months Ended |
Dec. 31, 2020 |
|---|
| Text block [abstract] |
|
| Schedule of Reconciliation of Combined Federal and Provincial Corporate Income Taxes |
| |
|
December 31, 2020
|
|
|
December 31, 2019
|
|
|
Net loss before income taxes
|
|
$
|
(24,184,657
|
)
|
|
$
|
(41,907,079
|
)
|
|
Income taxes at statutory rates
|
|
|
(6,408,934
|
)
|
|
|
(11,105,376
|
)
|
|
Tax effect of expenses not deductible for income tax purposes:
|
|
|
|
|
|
|
|
|
|
Permanent differences
|
|
|
7,648,554
|
|
|
|
(4,800,780
|
)
|
|
Unrecognized share issue costs
|
|
|
(129,264
|
)
|
|
|
(625,220
|
)
|
|
Tax / foreign rate changes and other adjustments
|
|
|
(49,409
|
)
|
|
|
93,724
|
|
|
Total tax recovery
|
|
|
1,060,947
|
|
|
|
(16,437,652
|
)
|
|
Tax recovery not recognized
|
|
|
(1,060,947
|
)
|
|
|
16,437,652
|
|
| |
|
$
|
-
|
|
|
$
|
-
|
|
|
| Schedule of Deferred Income Tax Assets and Liabilities |
| |
|
December 31, 2020
|
|
|
December 31, 2019
|
|
|
Non-capital losses
|
|
$
|
62,773,915
|
|
|
$
|
63,740,497
|
|
|
Qualifying research and development expenditure
|
|
|
1,493,309
|
|
|
|
1,493,309
|
|
|
Share issue costs and other
|
|
|
1,868,633
|
|
|
|
1,999,584
|
|
|
Total tax assets
|
|
|
66,135,857
|
|
|
|
67,233,390
|
|
|
Tax assets not recognized
|
|
|
(66,135,857
|
)
|
|
|
(67,233,390
|
)
|
|
Net deferred tax assets
|
|
$
|
-
|
|
|
$
|
-
|
|
|
| Schedule of Non-Capital Losses |
| |
Expiry year
|
|
Non-capital losses
|
|
| |
2031
|
|
$
|
9,674,326
|
|
| |
2032
|
|
|
10,454,774
|
|
| |
2033
|
|
|
10,210,370
|
|
| |
2034
|
|
|
13,784,437
|
|
| |
2035
|
|
|
43,934,918
|
|
| |
2036
|
|
|
28,260,911
|
|
| |
2037
|
|
|
19,604,159
|
|
| |
2038
|
|
|
40,239,997
|
|
| |
2039
|
|
|
60,718,805
|
|
| |
|
|
$
|
236,882,697
|
|
|