| Schedule of Tax Expense at Statutory Rates for Company Reconciled to Reported Income Taxes |
The tax expense at statutory rates for the Company can be reconciled to the reported income taxes per the statement of loss as follows:
|
|
|
|
|
|
|
| |
Year Ended |
|
Year Ended |
|
Year Ended |
|
| |
30 June 2019 |
|
30 June 2018 |
|
30 June 2017 |
|
| |
$ |
|
$ |
|
$ |
|
| Loss before income taxes |
(516,860 |
) |
(712,711 |
) |
(439,606 |
) |
| Federal and provincial statutory tax rate |
27.00 |
% |
27.00 |
% |
26.00 |
% |
| Income tax recovery based on the above rates |
(139,552 |
) |
(192,432 |
) |
(114,298 |
) |
| Non-deductible expenses and other |
44,440 |
|
164,973 |
|
16,998 |
|
| Change in tax rates |
- |
|
(102,075 |
) |
- |
|
| Adjustment to prior years provision versus statutory tax returns |
(93,327 |
) |
- |
|
- |
|
| Losses and temporary differences for which no tax benefit has been recorded |
188,439 |
|
129,534 |
|
97,300 |
|
| Total income taxes |
- |
|
- |
|
- |
| |
| Schedule of Unrecognized Deferred Tax Assets |
The Company's unrecognized deferred tax assets are as follows:
|
|
|
|
|
| |
30 June 2019 |
|
30 June 2018 |
|
| |
$ |
|
$ |
|
| Non-capital losses |
2,197,767 |
|
2,008,565 |
|
| Capital losses |
384,802 |
|
388,967 |
|
| Resource properties |
399,721 |
|
397,263 |
|
| Capital assets |
143,204 |
|
142,323 |
|
| Share issue costs and other |
10,212 |
|
10,149 |
|
| Total unrecognized deferred tax assets |
3,135,706 |
|
2,947,267 |
| |
| Schedule of Non-Capital Loss Carry-Forwards |
The Company has non-capital loss carry-forwards of approximately $8,000,000 that may be available for tax purposes as follows:
|
|
|
|
|
|
|
| |
Canada |
|
Indonesia |
|
Total |
|
| Expiring in |
$ |
|
$ |
|
$ |
|
| 2024 |
- |
|
194,000 |
|
194,000 |
|
| 2023 |
- |
|
167,000 |
|
167,000 |
|
| 2027 |
1,120,000 |
|
- |
|
1,120,000 |
|
| 2028 |
1,009,000 |
|
- |
|
1,009,000 |
|
| 2029 |
1,078,000 |
|
- |
|
1,078,000 |
|
| 2030 |
625,000 |
|
- |
|
625,000 |
|
| 2031 |
433,000 |
|
- |
|
433,000 |
|
| 2032 |
449,000 |
|
- |
|
449,000 |
|
| 2033 |
456,000 |
|
- |
|
456,000 |
|
| 2034 |
391,000 |
|
- |
|
391,000 |
|
| 2035 |
614,000 |
|
- |
|
614,000 |
|
| 2036 |
434,000 |
|
- |
|
434,000 |
|
| 2037 |
436,000 |
|
- |
|
436,000 |
|
| 2038 |
565,000 |
|
- |
|
565,000 |
|
| 2039 |
191,000 |
|
- |
|
191,000 |
|
| Non-capital loss carry-forwards |
7,801,000 |
|
361,000 |
|
8,162,000 |
| |