| 5. |
INCOME TAXES |
| 2017 | 2016 | ||||||
| Net loss | $ | (100,245 | ) | $ | (98,317 | ) | |
| Expected income tax recovery | (34,083 | ) | (33,428 | ) | |||
| Non-deductible expense | 20,400 | 20,400 | |||||
| Unrecognized current benefit of operating losses | 13,683 | 13,028 | |||||
| Total income taxes | $ | - | $ | - | |||
| The Company’s total income tax asset is as follows: | |||||||
| Tax benefit of net operating loss carry forward | $ | 426,501 | $ | 412,818 | |||
| Valuation allowance | (426,501 | ) | (412,818 | ) | |||
| $ | - | $ | - |
|
The Company has net operating loss carry forwards of approximately $1,254,415 available for deduction against future years’ taxable income. The valuation allowance increased to $426,501 during the year ended July 31, 2017, since the realization of the net operating loss carry forwards are doubtful. It is reasonably possible that the Company’s estimate of the valuation allowance will change. The operating loss carry forwards will expire at various times through 2037. |