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v3.24.1

Current and Deferred Income Tax (Tables) | 12 Months Ended
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Dec. 31, 2023
Current and Deferred Income Tax [Abstract] |
Schedule of Income Tax Expense (Recovery) |
|  | December 31, 2023 |  |  | December 31, 2022 |
|  | $ |  |  | $ |
Current tax expense (recovery) |  |  |  |  |  |
Current period |  |  | 2,450 |  |  |  |  |
Deferred tax expense (recovery) |  |  |  |  |  |  |  |
Orgination and reversal of temporary differences |  |  | (4,631,094 | ) |  |  | (2,949,101 | )
Change in tax rate |  |  | (321,972 | ) |  |  |  |
Change in unrecognized temporary differences |  |  | 4,953,071 |  |  |  | 2,949,101 |
Income tax expense (recovery) |  |  | 2,455 |  |  |  | - |
|  | December 31, 2023 |  |  | December 31, 2022 |
|  | $ |  |  | $ |
Loss carryforwards |  |  | 2,136,465 |  |  |  | 488,823 |
Lease liability and other |  |  | 166,894 |  |  |  | - |
Deferred tax assets |  |  | 2,303,159 |  |  |  | 488,823 |
Set-off of tax |  |  | (2,303,159 | ) |  |  | (488,823 | )
Net deferred tax assets |  |  | - |  |  |  | - |
Schedule of Income Tax Provision |
|  | December 31, 2023 |  |  | December 31, 2022 |
|  | $ |  |  | $ |
Loss before income tax |  |  | (22,385,977 | ) |  |  | (16,515,389 | )
Statutory income tax rate |  |  | 27 | % |  |  | 27 | %
Expected income tax expense (recovery) |  |  | (6,044,214 | ) |  |  | (4,459,155 | )
Increase (decrease) resulting from: |  |  |  |  |  |  |  |
Change in unrecognized temporary differences |  |  | 4,953,071 |  |  |  | 2,949,101 |
Permanent differences |  |  | 1,135,213 |  |  |  | 1,159,884 |
Change in tax rate |  |  | (321,972 | ) |  |  | - |
Effect of tax rates in foreign jurisdictions |  |  | 221,891 |  |  |  | 146,727 |
Share issue costs |  |  | - |  |  |  | 201,740 |
Other |  |  | 58,461 |  |  |  | 1,703 |
Income tax expense (recovery) |  |  | 2,450 |  |  |  | - |
Schedule of Deferred Tax Liabilities | Deferred tax liabilities are attributable to the following:
|  | December 31, 2023 $ |  |  | December 31, 2022 $ |
Intangible assets |  |  | (37,659 | ) |  |  | (39,481 | )
Right-of-use assets |  |  | (119,784 | ) |  |  | (42,472 | )
Fixed assets |  |  | (913,369 | ) |  |  | (276,699 | )
Convertible note |  |  | (182,600 | ) |  |  | - |
Marketable securities |  |  | (1,049,747 | ) |  |  | (130,171 | )
Deferred tax liabilities |  |  | (2,303,159 | ) |  |  | (488,823 | )
Set-off of tax |  |  | 2,303,159 |  |  |  | 488,823 |
Net deferred tax liability |  |  | - |  |  |  | - |
Schedule of Unrecognized Deferred Tax Assets |
|  | December 31, 2023 |  |  | December 31, 2022 |
|  | $ |  |  | $ |
Deductible temporary differences |  |  | 16,045,512 |  |  |  | 3,920,076 |
Tax losses |  |  | 40,067,059 |  |  |  | 26,069,552 |
|  |  | 56,112,571 |  |  |  | 29,989,628 |

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