Note 7- Income Taxes

12 Months Ended

Dec. 31, 2011

Income Tax Disclosure [Abstract]

Note 7- Income Taxes

Note 7- Income Taxes

Current Income Taxes

Reconciliation of the effective combined federal and provincial tax rate of 28.25% (2010 – 31%) to current income tax expense is as follows:

	2011	2010
Income taxes on accounting income	$          (278,524)	$          (140,508)
Tax effect of items which are not deductible for tax purposes	173,368	83,966
Losses available to be carried forward	105,156	56,542
Income tax expense	$                          -	$                          -

Deferred Income Taxes

The components of deferred income taxes have been determined at the combined Canadian federal and provincial statutory rate of 25% (2010 – 25%) are as follows:

	2011	2010
Deferred income tax asset:
Losses available to be carried forward	$            142,768	$               49,710
Valuation allowance	(142,768)	(49,710)
Income tax expense	$                          -	$                          -

The Company has approximately $570,000 of income tax losses available to be carried forward for use in future years, which begin to expire in 2029.