- Income Tax Provision

12 Months Ended

Nov. 30, 2020

Note 6 - Income Tax Provision

Deferred Tax Assets

As of November 30, 2020, the Company had net operating loss (“NOL”) carry-forwards for Federal income tax purposes of $39,480. No tax benefit has been recorded with respect to these net operating loss carry-forwards in the accompanying financial statements as the management of the Company believes that the realization of the Company's net deferred tax assets of approximately $8,291 was not considered more likely than not and accordingly, the potential tax benefits of the net loss carry-forwards are offset by the full valuation allowance.

Deferred tax assets consist primarily of the tax effect of NOL carry-forwards which was used to offset tax payable from prior year's operations. The Company has provided a full valuation allowance on the deferred tax assets because of the uncertainty regarding its realization. The current valuation of tax allowance is n/a as of November 30, 2020 and 2019.

Components of deferred tax assets are as follows:

	For the Year Ended November 30, 2020				For the Year Ended November 30, 2019
Net Deferred Tax Asset Non-Current:
Net Operating Loss Carry-Forward		$	39,480			$	20,285
Effective tax rate			21	%			21	%
Expected Income Tax Benefit from NOL Carry-Forward			8,291				4,260
Less: Valuation Allowance			(8,291)				(4,260)
Deferred Tax Asset, Net of Valuation Allowance		$	-			$	-

Income Tax Provision in the Statement of Operations

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, 2020
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	%