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INCOME TAXES | 12 Months Ended
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Nov. 30, 2016
INCOME TAXES [Text Block] |
10. | INCOME TAXES
The Company has non-capital losses of approximately $1 available, which can be applied against future taxable income and which expire as follows:
|  |  | USA |  |  | Canada |  |  | Total |
| 2025 | $ | 188,494 |  |  |  |  |  | 188,494 |
| 2026 |  | 609,991 |  |  |  |  |  | 609,991 |
| 2027 |  | 1,731,495 |  |  |  |  |  | 1,731,495 |
| 2028 |  | 3,174,989 |  |  |  |  |  | 3,174,989 |
| 2029 |  | 2,792,560 |  |  |  |  |  | 2,792,560 |
| 2030 |  | 2,044,857 |  |  |  |  |  | 2,044,857 |
| 2031 |  | 854,218 |  |  |  |  |  | 854,218 |
| 2032 |  | 1,073,610 |  |  |  |  |  | 1,073,610 |
| 2033 |  | 1,410,557 |  |  |  |  |  | 1,410,557 |
| 2034 |  | 882,513 |  |  | 1,089,850 |  |  | 1,972,363 |
| 2035 |  | 722,853 |  |  | 1,124,876 |  |  | 1,847,729 |
| 2036 |  | 600,185 |  |  | 963,545 |  |  | 1,563,730 |
|  | $ | 16,086,322 |  |  | 3,178,271 |  |  | 19,264,593 |
The reconciliation of income taxes at statutory income tax rates (U.S – 35% and Canada – 26.5% on their respective losses) to the income tax expense is as follows:
|  |  | November |  |  | November |
|  |  | 30, 2016 |  |  | 30, 2015 |
|  |  |  |  |  | (Restated) |
|  |  |  |  |  | (See Note 17 | )
| Loss before income taxes | $ | (1,924,110 | ) | $ | (2,331,734 | )
| Income tax recovery at statutory rate |  | (592,327 | ) |  | (728,692 | )
| Permanent differences |  | 49,587 |  |  | 245,949 |
| Tax benefit not recognized |  | 542,740 |  |  | 482,743 |
| Income taxes – current and deferred | $ | - |  | $ | - |
Reconciliation of statutory tax rate to the effective income tax rate is as follows:
| Statutory income tax rate – USA |  | 35.0% |
| Deferred tax asset valuation allowance - USA |  | (35.0)% |
| Statutory income tax rate – Canada |  | 26.5% |
| Deferred tax asset valuation allowance - Canada |  | (26.5)% |
Deferred tax asset components as of November 30, 2016 and 2015 are as follows:
|  |  | 2016 |  |  | 2015 |
| Non capital losses available to offset future income-taxes | $ | 19,264,593 |  | $ | 17,700,863 |
| Expected Income tax recovery at statutory rates | $ | (6,472,455 | ) | $ | (6,007,050 | )
| Valuation Allowance | $ | 6,472,455 |  | $ | 6,007,050 |
| Net deferred tax assets |  | - |  |  | - |
As the Company has recognized substantial cumulative losses from operations and has not earned significant revenues, it has provided a 100 per cent valuation allowance on the net deferred tax asset as of November 30, 2016 and 2015. Management believes the Company has no uncertain tax position.

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- Definition The entire disclosure for income taxes. Disclosures may include net deferred tax liability or asset recognized in an enterprise's statement of financial position, net change during the year in the total valuation allowance, approximate tax effect of each type of temporary difference and carryforward that gives rise to a significant portion of deferred tax liabilities and deferred tax assets, utilization of a tax carryback, and tax uncertainties information. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 235 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.4-08.(h)) -URI http://asc.fasb.org/extlink&oid=26873400&loc=d3e23780-122690 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 740 -SubTopic 10 -Section 50 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=65882285&loc=d3e32559-109319 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 740 -SubTopic 10 -Section 50 -Paragraph 15 -URI http://asc.fasb.org/extlink&oid=65882285&loc=d3e32718-109319 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 740 -SubTopic 10 -Section 50 -Paragraph 9 -URI http://asc.fasb.org/extlink&oid=65882285&loc=d3e32639-109319 Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 740 -SubTopic 10 -Section 50 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=65882285&loc=d3e32537-109319 + Details
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