Annual report pursuant to Section 13 and 15(d)

Income Taxes (Tables)

v2.4.0.8
Income Taxes (Tables)
12 Months Ended
Dec. 31, 2013
Income Taxes Tables  
Reconciliation of the provision for income taxes at the weighted average rate compared to the Companys income tax expense

The reconciliation of the provision for income taxes at the weighted average rate compared to the Company’s income tax expense as reported is as follows:

 

   

2013

$

   

2012

$

 
             
Net loss     (3,710,289 )     (4,083,053 )
Tax adjustments     253,944       1,083,395  
      (3,456,345 )     (2,999,658 )
                 
Tax rate     30 %     29 %
                 
Income tax recovery at statutory rate     (1,044,766 )     (873,550 )
                 
Valuation allowance     1,044,766       873,550  
                 
Provision for income taxes            
Components of deferred income taxes and assets

The significant components of deferred income taxes and assets as at December 31, 2013 are as follows:

 

   

2013

$

   

2012

$

 
             
Net operating losses carried forward     2,466,484       1,583,092  
                 
Valuation allowance     (2,466,484 )     (1,583,092 )
                 
Net deferred income tax asset