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4. INCOME TAXES

12 Months Ended

Feb. 28, 2021

The Company is subject to United States federal income taxes at an approximate rate of 21%. 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:

				Period from
				September 9, 2019
	Year Ended			(inception) to
	February 28, 2021			February 29, 2020
Income tax benefit computed at the statutory rate	$	342,000		$	3,900
Non-deductible expenses		(302,000	)		-
Change in valuation allowance		(40,000	)		(3,900	)
Provision for income taxes	$	-		$	-

Significant components of the Company’s deferred tax assets after applying enacted corporate income tax rates are as follows:

	As of			As of
	February 28, 2021			February 29, 2020
Deferred income tax assets
Net operating losses	$	43,900		$	3,900
Valuation allowance		(43,900	)		(3,900	)
Net deferred income tax assets	$	-		$	-

The Company has an operating loss carry forward of approximately $209,000.

- Definition

The entire disclosure for income taxes. Disclosures may include net deferred tax liability or asset recognized in an enterprise's statement of financial position, net change during the year in the total valuation allowance, approximate tax effect of each type of temporary difference and carryforward that gives rise to a significant portion of deferred tax liabilities and deferred tax assets, utilization of a tax carryback, and tax uncertainties information.

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