text: **2. Significant Accounting Policies (continued)**
  
  Deferred income tax assets are recognized only to the extent that it is probable that taxable profit will be available against which deductible 
  temporary differences, carried forward tax credits, or tax losses can be utilized. The carrying value of deferred income tax assets are 
  reviewed at each reporting date and reduced to the extent it is no longer probable that the income tax asset will be recovered. 
  
  The Company determines the deferred tax consequences associated with temporary differences relating to investment properties as if the 
  carrying amount of the investment property is recovered entirely through sale. 
  
  Deferred income tax assets and liabilities are measured at the tax rates that are expected to apply to the year when the asset is realized or 
  the liability is settled, based on tax rates (and tax laws) that have been enacted or substantively enacted at the reporting date. 
  
  Deferred income tax relating to items recognized directly in equity is recognized in equity and not in profit or loss. 
  
  **3. Significant Accounting Judgments, Estimates and Assumptions**
  
  In the application of Killam’s accounting policies, which are described in Note 2, Management is required to make judgments, estimates 
  and assumptions about the carrying amounts of assets and liabilities that are not readily apparent from other sources. The estimates and 
  associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ 
  from these estimates. 