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INCOME TAXES (Tables)
12 Months Ended
Aug. 31, 2020
INCOME TAXES  
Schedule of future tax assets and liabilities

 

 

 

August 31,

2020

 

 

August 31,

2019

 

Deferred tax asset attributed to:

 

 

 

 

 

 

Net operating loss carryforward

 

$

23,528

 

 

$

12,702

 

Statutory tax rate

 

 

21

%

 

 

21

%

 

 

 

 

 

 

 

 

 

Income tax recovery at statutory rate

 

 

4,941

 

 

 

5,174

 

Less: valuation allowance

 

 

(4,941

)

 

 

(5,174

)

Provision for income taxes

 

$

-

 

 

$

-

 

 

Schedule of deferred tax assets

 

 

 

August 31,

2020

 

 

August 31,

2019

 

Deferred tax asset attributed to:

 

 

 

 

 

 

Net operating loss carryforward

 

$

48,167

 

 

$

24,639

 

Statutory tax rate

 

 

21

%

 

 

21

%

 

 

 

 

 

 

 

 

 

Net deferred tax asset

 

 

10,115

 

 

 

5,174

 

Less: valuation allowance

 

 

(10,115

)

 

 

(5,174

)

Net deferred tax assets

 

$

-

 

 

$

-

 

 

Schedule of federal tax rate

 

 

 

August 31,

2020

 

 

August 31,

2019

 

U.S. federal statutory rate

 

 

21

%

 

 

21

%

Valuation allowance

 

(21

%)

 

(21

%)

Effective rate

 

 

0

%

 

 

0

%