Company: GNTOF
Filing Date: 2025-04-30
Form Type: 20-F
Source: 0001062993-25-008252
Chunk: 63

Company: GENTOR RESOURCES INC.
Filing Date: 2025-04-30
Form: 20-F
Item: Item 19
Chunk 63
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 expected income tax benefit:
Permanent differences ( 2,690 - ( 1,575
Change in tax rate - - -
Change in benefit of tax assets not recognized 234,527 ( 64,976 55,575
Income tax charge / benefit - - -

b)Deferred income tax

Deferred income tax assets have not been recognized in respect of the following deductible temporary differences:

Year ended December 31, 2024 2023
──────────────────────────────────────────────────────────────────
$ $
Non-capital loss carryforwards 14,668,000 14,476,000
Capital loss carryforwards 25,540,000 25,540,000
Capital assets 108,000 108,000
Other 65,000 65,000
Total 40,381,000 40,189,000

The Company has non-capital losses in the United States of approximately $14.67million available, which may be applied against future taxable income and which expire as follows:

     Year of          Amount  
      expire                  
        2025          76,000  
        2026         224,000  
        2027       1,874,000  
        2028       3,340,000  
        2029         504,000  
        2030       1,017,000  
        2031       1,810,000  
        2032       1,690,000  
        2033         865,000  
        2034         667,000  
        2035         520,000  
        2036         238,000  
        2037         276,000  
  Indefinite       1,567,000  
                  14,668,000  

8. FINANCIAL RISK MANAGEMENT
a)FOREIGN CURRENCY RISK
Foreign currency risk is the risk that a variation in exchange rates between the United States dollar and other foreign currencies will affect the Company's operations and financial results. A portion of the Company's transactions are denominated in Canadian dollars. The Company is also exposed to the impact of currency fluctuations on its monetary assets and liabilities. Significant foreign currency gains or losses are reflected as a separate component in the consolidated statement of (loss) income and comprehensive (loss) income. The Company has not used derivative instruments to reduce its exposure to foreign currency risk.
The following table indicates the impact of foreign currency