Transition report pursuant to Rule 13a-10 or 15d-10

INCOME TAXES (Tables)

v2.4.1.9
INCOME TAXES (Tables)
9 Months Ended
Dec. 31, 2014
Income Tax Disclosure [Abstract]  
Schedule of Components of Income Tax Expense (Benefit) [Table Text Block]
 
 
9 month periods
 
 
 
 
 
 
 
 
 
ended
 
Years ended
 
 
 
December 31, 2014
 
March 31, 2014
 
March 31, 2013
 
 
 
$
 
$
 
$
 
Components of net loss before income taxes consists of the following:
 
 
 
 
 
 
 
 
 
 
U.S.
 
 
-
 
 
-
 
 
-
 
Canada
 
 
(2,464,747)
 
 
(1,451,769)
 
 
(937,059)
 
 
 
 
(2,464,747)
 
 
(1,451,769)
 
 
(937,059)
 
 
 
 
2014
 
 
2014
 
 
2013
 
 
 
$
 
 
$
 
 
$
 
Net loss before recovery of income taxes
 
 
(2,464,747)
 
 
 
(1,451,769)
 
 
 
(937,059)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Statutory rate
 
 
26.50
%
 
 
26.50
%
 
 
26.50
%
Expected income tax recovery
 
 
(653,158)
 
 
 
(384,719)
 
 
 
(248,321)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Other basis adjustment
 
 
(29,109)
 
 
 
(6,966)
 
 
 
(8,576)
 
Non-deductible expenses
 
 
193,305
 
 
 
148,936
 
 
 
(38,493)
 
Change in valuation allowance
 
 
488,962
 
 
 
242,749
 
 
 
295,390
 
Recovery of income taxes
 
 
-
 
 
 
-
 
 
 
-
 
Schedule of Deferred Tax Assets and Liabilities [Table Text Block]
The components of deferred taxes are as follows:
 
 
 
2014
 
2014
 
2013
 
 
 
$
 
$
 
$
 
Deferred tax assets
 
 
 
 
 
 
 
 
 
 
Current
 
 
 
 
 
 
 
 
 
 
 
 
 
-
 
 
403
 
 
-
 
Valuation allowance
 
 
-
 
 
(403)
 
 
-
 
 
 
 
-
 
 
-
 
 
-
 
Long-term
 
 
$
 
 
$
 
 
$
 
Unrealized tax credits
 
 
-
 
 
19,591
 
 
19,721
 
Property and equipment
 
 
36,940
 
 
23,985
 
 
-
 
Share issue costs
 
 
7,137
 
 
6,461
 
 
7,228
 
SR&ED pool
 
 
162,350
 
 
-
 
 
-
 
Other
 
 
18,621
 
 
-
 
 
-
 
Net operating losses
 
 
812,522
 
 
529,889
 
 
310,228
 
Valuation allowance
 
 
(1,037,570)
 
 
(579,926)
 
 
(337,177)
 
 
 
 
-
 
 
-
 
 
-