Note 7 - Income Taxes

12 Months Ended

Dec. 31, 2016

Notes

Note 7 - Income Taxes

NOTE 7 – INCOME TAXES

The Company has net operating losses carried forward of $323,282 available to offset taxable income in future years which commence expiring in fiscal 2034.

The Company is subject to United States federal and state income taxes at an approximate rate of 35%. 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:

	2016 $	2015 $
Net loss before income taxes	(161,287)	(101,074)
Statutory income tax rate	35%	35%
Expected income tax recovery	(56,450)	(35,376)
Tax rate difference for foreign jurisdiction	5,334	8,566
Change in valuation allowance	51,116	26,810
Income tax provision	–	–

The significant components of deferred income tax assets and liabilities as at December 31, 2016 and 2015 are as follows:

	2016 $	2015 $
Net operating losses carried forward	94,070	42,954
Valuation allowance	(94,070)	(42,954)
Net deferred income tax asset	–	–