Related Party Transactions
|3 Months Ended|
Nov. 30, 2020
|Related Party Transactions [Abstract]|
|Related Party Transactions||
(1)C.A.B. Financial Services is owned by the CEO of the Company, M&E Services Ltd. is owned by the CFO of the Company, and Docherty Management Limited is owned by the President of the Company.
All related party transactions pertain to management and director agreements entered into in the normal course of business (Note 17).
Due to related parties:
Related party transactions are recorded at the exchange amount established and agreed to between the related parties.
As at November 30, 2020, $87,185 (August 31, 2020 - $58,704) was payable to related parties and included in due to related parties.
The entire disclosure for related party transactions. Examples of related party transactions include transactions between (a) a parent company and its subsidiary; (b) subsidiaries of a common parent; (c) and entity and its principal owners; and (d) affiliates.
Reference 1: http://www.xbrl.org/2003/role/disclosureRef