Current and future income taxes
12 Months Ended
Dec. 31, 2013
Current and Future Income Taxes [Abstract]  
Current and future income taxes
10  
Current and future income taxes
 
The Company has the following non-capital losses available to reduce taxable income of future years:
 
Expiry date
  $  
       
2029
    65,242  
2030
    1,102,400  
2031
    1,159,614  
2033
    4,275,931  
 
Significant components of the Company’s future tax assets are shown below:
 
     
2013
$
     
2012
$
 
                 
Non-capital losses carried forward
    1,822,341       323,910  
Financing costs
    4,115       4,302  
Scientific research and development
    121,490       11,193  
                 
      1,947,946       339,405  
Valuation allowance
    (1,947,946 )     (339,405 )
                 
Net future tax assets
    -       -  
 
The income tax benefit of these tax attributes have not been recorded in these financial statements because of the uncertainty of their recovery.
  
The Company’s effective income tax rate differs from the statutory income tax rate of 34% (2012 - 13.5%, 2011 - 13.5%).
 
The differences arise from the following items:
 
     
2013
$
     
2012
$
 
                 
Tax recovery at statutory income tax rates
    (2,818,834 )     (324,049 )
Permanent differences
    979,359       133,365  
Effect of rate differentials between jurisdictions
   
320,965
      -  
Other
    -       13,087  
Effect of tax rate changes on future taxes
    (305,647     -  
Change in valuation allowance
    1,824,157       177,597  
                 
      -       -