The Company has a net operating loss carried forward of $335,191 available to offset taxable income in future years which commence expiring in fiscal 2031.

The income tax benefit has been computed by applying the weighted average income tax rates of the United States (federal and state rates) of 21% to the net loss before income taxes calculated for each jurisdiction. The tax effect of the significant temporary differences, which comprise future tax assets and liabilities, are as follows:

	Six Months Ended
	December 31,
	2019			2018
Income tax recovery at statutory rate	$	2,327		$	2,326

Valuation allowance change	$	(2,327	)	$	(2,326	)

Provision for income taxes	$	-		$	-

The significant components of deferred income tax assets and liabilities at December 31 and June 30, 2019, respectively, are as follows:

Net operating loss carried forward	$	70,921		$	68,594

Valuation allowance	$	(70,921	)	$	(68,594	)

Net deferred income tax asset	$			$	-