NOTE 7 – INCOME TAXES

At April 30, 2017, the Company had a net operating loss carryforward of $152,255, which begins to expire in 2035.

Components of net deferred tax asset, including a valuation allowance. These amounts are as follows for April 30, 2017 and April 30, 2016, respectively:

Valuation allowance for deferred tax assets as of April 30, 2017 and April 30, 2016 was $53,289 and $6,742, respectively. In assessing the recovery of the deferred tax asset, management considers whether it is more likely than not that some portion or all of the deferred tax asset will not be realized. The ultimate realization of the deferred tax asset is dependent upon the generation of future taxable income in the periods in which those temporary differences become deductible. Management considers the scheduled reversals of future deferred tax assets, projected future taxable income, and tax planning strategies in making this assessment. As a result, management determined it was more likely than not deferred tax assets will not be realized as of April 30, 2017 and April 30, 2016 and recognized a full valuation allowance for each period.

Reconciliation between statutory rate and the effective tax rate for both periods then ended and as of April 30, 2017 and April 30, 2016: