text: **3. Significant Accounting Judgments, Estimates and Assumptions (continued)**
  
  *Taxes*
  The Company is subject to income and capital gains taxes in numerous jurisdictions. Significant judgment is required to determine the total 
  provision for current and deferred taxes. There are many transactions and calculations for which the ultimate tax determination and timing 
  of payment is uncertain. The Company recognizes liabilities for current taxes based on estimates of whether additional taxes will be due. 
  Where the final tax outcome of these matters is different from the amounts that were initially recorded, such differences will impact the 
  income and deferred tax provisions in the period in which the determination is made. Deferred tax assets and liabilities are recognized on a 
  net basis to the extent they are relating to the same fiscal entity and fall due in approximately the same period. 
  
  *Consolidation and joint arrangements*
  The Company has determined that it controls and consolidates the subsidiaries where it owns a majority of the shares. The Company is 
  part owner of one property in which it has a 47% interest. the company has determined that it does control this property as it operates 
  and manages the property, governs the financial and operating policies, and has the power to cast the majority of the votes at meetings 
  of the board of directors given the widely held distribution of the remaining ownership percentage. This property is accounted for on a 
  consolidated basis. 