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Income Tax (Tables) | 12 Months Ended
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Aug. 31, 2023
Income Tax |
Schedule of Income Tax |
|  | August 31 2023 |  |  | August 31 2022 |
|  | $ |  |  | $ |
Loss before taxes |  |  | (6,712,525 | ) |  |  | (7,383,653 | )
Expected income tax recovery |  |  | (1,427,529 | ) |  |  | (1,619,854 | )
Non-deductible items |  |  | (831 | ) |  |  | (280,155 | )
Change in estimates |  |  | 4,271 |  |  |  | (44,867 | )
Effect of changes in foreign and long-term tax rates |  |  | - |  |  |  | 23,625 |
Change in valuation allowance |  |  | 1,432,305 |  |  |  | 1,921,251 |
Total income taxes |  |  | 8,216 |  |  |  | - |
Schedule of Deferred tax assets |
|  | August 31 2023 |  |  | August 31 2022 |
|  | $ |  |  | $ |
Non-capital losses |  |  | 8,637,353 |  |  |  | 7,747,485 |
Marketable securities |  |  | (14,051 | ) |  |  | 118,175 |
Stock based compensation |  |  | 650,778 |  |  |  | - |
R&D |  |  | 371,326 |  |  |  | - |
PPE and intangibles |  |  | (64,569 | ) |  |  | - |
Total deferred tax assets |  |  | 9,580,837 |  |  |  | 7,865,660 |
Valuation Allowance |  |  | (9,580,837 | ) |  |  | (7,865,660 | )
Net Deferred tax assets |  |  | - |  |  |  | - |
The Company has net operating loss carry-forwards of approximately $40 million which may be carried forward to apply against future year income tax for U.S. tax purposes.

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- Definition Tabular disclosure of components of comprehensive income (loss). Includes, but is not limited to, foreign currency translation adjustments, foreign currency transactions designated as economic hedges of a net investment in foreign entity, gain (loss) and prior service cost (credit) for pension plans and other postretirement benefit plans. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 220 -SubTopic 10 -Name Accounting Standards Codification -Paragraph 1 -Section 45 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482790/220-10-45-1 + Details
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- Definition Tabular disclosure of the components of net deferred tax asset or liability recognized in an entity's statement of financial position, including the following: the total of all deferred tax liabilities, the total of all deferred tax assets, the total valuation allowance recognized for deferred tax assets. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 740 -SubTopic 10 -Name Accounting Standards Codification -Paragraph 2 -Section 50 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482685/740-10-50-2 + Details
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