Related Party Transactions |
12 Months Ended |
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Mar. 31, 2021 | |
Related Party Transactions | |
Related Party Transactions |
At March 31, 2020 there was an outstanding loan to the Chief Technology Officer (“CTO”) of the Company of $18,000. The loan has an interest rate of 2% based on the Canada Revenue Agency’s prescribed rate for such advances and is denominated in Canadian dollars. During the years ended March 31, 2021 and 2020, the Company recorded interest income of $900 and $500, respectively. During the year ended March 31, 2021, the balance to this loan was forgiven and as such there is no balance at March 31, 2021.
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- References No definition available.
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- Definition The entire disclosure for related party transactions. Examples of related party transactions include transactions between (a) a parent company and its subsidiary; (b) subsidiaries of a common parent; (c) and entity and its principal owners; and (d) affiliates. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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