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NOTE 6 - INCOME TAXES

12 Months Ended

Jan. 31, 2015

The Company has net operating losses carried forward of $411,462 available to offset taxable income in future years which expires beginning in fiscal 2028. The Company is subject to United States federal and state income taxes at an approximate rate of 34%. The reconciliation of the provision for income taxes at the United States federal statutory rate compared to the Company’s income tax expense as reported is as follows:

	January 31, 2015 $			January 31, 2014 $

Income tax recovery at statutory rate		19,432			585,348

Permanent differences		(6,768	)		(577,967	)

Valuation allowance change		(12,664	)		(7,381	)

Provision for income taxes		–			–

The significant components of deferred income tax assets and liabilities at January 31, 2014 and 2015, are as follows:

	January 31, 2015 $			January 31, 2014 $

Net operating loss carryforward		139,897			127,233

Valuation allowance		(139,897	)		(127,233	)

Net deferred income tax asset					–

- Definition

The entire disclosure for income taxes. Disclosures may include net deferred tax liability or asset recognized in an enterprise's statement of financial position, net change during the year in the total valuation allowance, approximate tax effect of each type of temporary difference and carryforward that gives rise to a significant portion of deferred tax liabilities and deferred tax assets, utilization of a tax carryback, and tax uncertainties information.

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