NOTE 7 – INCOME TAXES

The Company accounts for income taxes under standards issued by the FASB. Under those standards, deferred tax assets and liabilities are recognized for future tax benefits or consequences attributable to temporary differences between the financial statement carrying amounts of existing assets and liabilities and their respective tax bases. Deferred tax assets and liabilities are measured using enacted tax rates expected to apply to taxable income in the years in which those temporary differences are expected to be recovered or settled. A valuation allowance is provided for significant deferred tax assets when it is more likely than not that such assets will not be realized through future operations.

No provision for federal income taxes has been recorded due to the net operating loss carry forwards totaling approximately $18,006 as of June 30, 2015, that will be offset against future taxable income. The available net operating loss carry forwards will expire in various years through 2035. Future tax benefits which may arise as a result of these losses have not been recognized in these financial statements, as their realization is determined not likely to occur and accordingly, the Company has recorded a valuation allowance for the future tax loss carry forwards.

The components of these differences are as follows:

	June 30			June 30
	2015			2014
	$			$
Net tax loss carry-forwards		18,006			1,600
Statutory rate		15	%		15	%
Expected tax recovery		2,701			240
Change in valuation allowance		(2,701)			(240)
Income tax provision		-			-

	June 30		December 31
	2015		2014
Components of deferred tax assets:	$		$
Non capital tax loss carry forwards		2,701		1,112
Less: valuation allowance		(2,701)		(1,112)
Net deferred tax asset		-		-