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- Income Tax Provision (Tables)
12 Months Ended
Nov. 30, 2019
- Income Tax Provision (Tables) [Abstract]  
Components of deferred tax assets

Components of deferred tax assets are as follows:

 

For the Year Ended

November 30, 2019

 

For the Period June 12, 2018 (inception)

November 30, 2018

Net Deferred Tax Asset Non-Current:

 

 

 

 

 

 

 

Net Operating Loss Carry-Forward

 

$

20,285

 

 

 

$

4,900

 

Effective tax rate

 

 

21

%

 

 

 

21

%

Expected Income Tax Benefit from NOL Carry-Forward

 

 

4,260

 

 

 

 

1,029

 

Less: Valuation Allowance

 

 

(4,260)

 

 

 

 

(1,029)

Deferred Tax Asset, Net of Valuation Allowance

 

$

-

 

 

$

-

A reconciliation of the federal statutory income tax rate and the effective income tax rate as a percentage of income before income taxes is as follows:

A reconciliation of the federal statutory income tax rate and the effective income tax rate as a percentage of income before income taxes is as follows:

 

For the Year Ended

November 30, 2019

Federal statutory income tax rate

 

 

21

%

 

Increase (reduction) in income tax provision resulting from:

 

 

 

 

 

Net Operating Loss (NOL) carry-forward

 

 

(21)

%

 

Effective income tax rate

0

%