|12 Months Ended|
Nov. 30, 2018
|INCOME TAXES [Text Block]||
The above changes in tax rates are a result of the US Tax Cuts and Jobs Act.
The Company had an effective tax rate of nil as the tax losses are fully reserved by an allowance.
Deferred tax asset components as of November 30, 2018 and 2017 are as follows:
As the Company has recognized substantial cumulative losses from operations and has not earned significant revenues, it has provided a 100% valuation allowance on the net deferred tax assets as of November 30, 2018 and 2017. Management believes the Company has no uncertain tax positions that were material.
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.
Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef