Income Taxes

12 Months Ended

Jul. 31, 2012

Income Taxes

Income Tax Disclosure [Text Block]

5.

INCOME TAXES

The Company has incurred operating losses of $107,323, which, if unutilized, will begin to expire in 2031. Future tax benefits, which may arise as a result of these losses, have not been recognized in these financial statements, and have been off set by a valuation allowance.

Details of future income tax assets are as follows:

Future income tax assets:		2012
Net operating loss (from inception (Dec 11, 2006 to July 31, 2012)	$	107,323
Statutory tax rate (combined federal and state)		33%
Non-capital tax loss		35,416
Valuation allowance		(35,416)
	$	-

The potential future tax benefits of these losses have not been recognized in these financial statements due to uncertainty of their realization. When the future utilization of some portion of the carryforwards is determined not to be “more likely than not,” a valuation allowance is provided to reduce the recorded tax benefits from such assets.