INCOME TAXES

12 Months Ended

Aug. 31, 2017

Notes to Financial Statements

NOTE 6 - INCOME TAXES

As of August 31, 2017 the Company had no net operating loss carry forwards. Due to the change in control during the year, the Company determined there are no loss carry forward amounts.

Components of net deferred tax assets, including a valuation allowance, are as follows at August 31, 2017 and 2016:

	Years Ended
	August 31,
	2017		2016
Deferred tax asset attributable to:
Net operating loss carry over	$	-	$	25,638
Less: valuation allowance		-		(25,638	)
Net deferred tax asset	$	-	$	-

The valuation allowance for deferred tax assets as of August 31, 2017 was $0, and $25,628 as of August 31, 2016. In assessing the recovery of the deferred tax assets, management considers whether it is more likely than not that some portion or all of the deferred tax assets will not be realized. The ultimate realization of deferred tax assets is dependent upon the generation of future taxable income in the periods in which those temporary differences become deductible. Management considers the scheduled reversals of future deferred tax assets, projected future taxable income, and tax planning strategies in making this assessment. As a result, management determined it was more likely than not the deferred tax assets would not be realized as of August 31, 2017 and 2016.

Reconciliation between the statutory rate and the effective tax rate is as follows at August 31, 2017 and 2016:

	2017			2016
Federal statutory tax rate		(35	%)		(35	%)
Change in valuation allowance		0	%		35	%
Effective tax rate		(35	%)		-