Entity information:
7.
Income Taxes
 
The Company has $1,132,430 of net operating losses carried forward to offset taxable income in future years which expire commencing in fiscal 2026. 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 December 31, 2016, the Company had no uncertain tax positions.
 
   
2016
    
2015
  
   
 
 $    
 
 $  
Computed expected tax recovery
  
 
40,646
    
 
19,027
  
Change in valuation allowance
    
(40,646
)
    
(19,027
)
                 
Income tax provision
    
–
      
–
  
 
The significant components of deferred income tax assets and liabilities as at December 31, 2016 and 2015, after applying enacted corporate income tax rates, are as follows:
 
   
2016
    
2015
  
   
 
 $    
 
 $  
Net operating losses carried forward
  
 
385,026
    
 
344,380
  
Valuation allowance
    
(385,026
)
    
(344,380
)
                 
Net deferred income tax asset
    
–
      
–