Annual and transition report of foreign private issuers pursuant to Section 13 or 15(d)

20. INCOME TAXES: Schedule of Reasons for Income tax recovery differences (Tables)

v3.21.2
20. INCOME TAXES: Schedule of Reasons for Income tax recovery differences (Tables)
12 Months Ended
Dec. 31, 2020
Tables/Schedules  
Schedule of Reasons for Income tax recovery differences

 

 

 

 

  2020

 

2019

Loss before income taxes

$

(21,695,274)

$

(12,513,900)

Statutory income tax rate

 

26.5%

 

26.5%

 

 

 

 

 

Expected income tax recovery

 

(5,749,248)

 

(3,316,184)

Effect of change in tax rates

 

(186,145)

 

5,674

Non-deductible recoveries and other

 

253,284

 

1,005,965

Listing expense

 

8,436,570

 

-

Stock based compensation

 

1,048,334

 

-

Foreign exchange

 

467,291

 

-

Fair value adjustments

 

(14,209,158)

 

-

280E expenses

 

670,731

 

-

Amortization of intangibles

 

2,824,413

 

-

Share issuance costs booked through equity

 

(530,595)

 

-

Under (over) provided in prior years

 

-

 

44,209

Changes in unrecognized deductible temporary differences

 

3,856,116

 

341,622

Unused tax losses and tax offsets not recognized

 

-

 

1,918,714

Income tax recovery

$

(3,118,407)

$

-