Entity information:
NOTE 11: INCOME TAXES
 
The components of the net change in deferred tax asset at January 31, 2017 and January 31, 2016, the statutory tax rate, the effective tax rate and the amount of the valuation allowance are indicated below:
 
       
  
January 31, 2017
  
January 31, 2016
 
       
Income (loss) before taxes
 
$
(33,628,178
)
 
$
(909,716
)
Statutory rate
  
34
%
  
34
%
         
Computed expected tax payable (recovery)
 
$
(11,433,580
)
 
$
(309,500
)
Non-deductible expenses
  
10,493,975
   
300
 
Change in valuation allowance
  
939,605
   
309,200
 
Reported income taxes
 
$
-
  
$
-
 
 
The significant components of the cumulative deferred income tax assets and liabilities at January 31, 2017 and January 31, 2016, are as follows:
 

       
  
January 31, 2017
  
January 31, 2016
 
Deferred tax assets:
      
Net operating loss carry forward
 
$
14,735,280
  
$
3,301,700
 
Non-deductible expenses
  
10,495,875
   
1,900
 
Less valuation allowance
  
(4,239,405
)
  
(3,299,800
)
Net deferred tax asset
 
$
-
  
$
-