| 5. |
Income Taxes |
|
The Company has $134,165 of net operating losses carried forward to offset taxable income in future years which expire commencing in fiscal 2034. The income tax benefit differs from the amount computed by applying the US federal income tax rate of 34% to net loss before income taxes. As at March 31, 2017 and 2016, the Company had no uncertain tax positions. |
| March 31, | March 31, | ||||||
| 2017 | 2016 | ||||||
| $ | $ | ||||||
| Net loss before taxes | 48,501 | 40,953 | |||||
| Statutory rate | 34% | 34% | |||||
| Computed expected tax recovery | 16,490 | 13,924 | |||||
| Change in valuation allowance | (16,490 | ) | (13,924 | ) | |||
| Income tax provision | – | – |
The significant components of deferred income tax assets and liabilities as at March 31, 2017 and 2016 after applying enacted corporate income tax rates are as follows:
| 2017 | 2016 | ||||||
| $ | $ | ||||||
| Net operating losses carried forward | 45,616 | 29,126 | |||||
| Valuation allowance | (45,616 | ) | (29,126 | ) | |||
| Net deferred tax asset | – | – |