Income Taxes

12 Months Ended

Dec. 31, 2019

Income Tax Disclosure [Abstract]

Income Taxes

NOTE 4–INCOME TAXES

A reconciliation of the income taxes at statutory rates with the reported taxes is as follows:

	2019			2018
Net loss for the year	$	(57,701	)	$	(61,919	)
Expected income tax recovery at statutory rate of 21%		(12,000	)		(13,000	)
Change in valuation allowance		12,000			13,000
Total income tax recovery	$	-		$	-

The significant components of the Company’s deferred tax assets that have not been included on the balance sheet are as follows:

	2019			2018
Deferred tax assets
Net operating losses	$	104,000		$	92,000
Valuation allowance		(104,000	)		(92,000	)
Net deferred tax asset	$	-		$	-

Realization of deferred tax assets is dependent upon sufficient future taxable income during the period that deductible temporary differences and carry-forwards are expected to be available to reduce taxable income. As the achievement of required future taxable income is uncertain, the Company recorded a valuation allowance.

As of December 31, 2019, the Company has non-capital losses of approximately $495,000 which will may be carried forward to offset future taxable income indefinitely.