Entity information:

9. Income Taxes

 

Income tax recovery differs from that which would be expected from applying the effective tax rates to the net loss for the years ended May 31, 2017 and 2016 as follows:

 

    For the year Ended  
    May 31, 2017     May 31, 2016  
             
Net (loss) income for the year before recovery of income taxes for the period   $ (101,285 )   $ (42,241 )
Statutory tax rate     34 %     34 %
                 
Expected income tax expense (recovery) expense   $ (34,437 )   $ (14,362 )
Non-deductible expenses     735       -  
Change in valuation allowance     33,702       (14,362 )
                 
Recovery of income taxes   $ -     $ -  

 

The following deferred tax assets have not been recognized. Deferred tax reflects the tax effects of temporary differences that gave rise to significant portions of deferred tax assets and liabilities and consisted of the following:

 

    May 31, 2017     May 31, 2016  
             
Net operating losses   $ 141,365     $ 42,241  
Valuation allowance     (141,365 )     (42,241 )
                 
    $ -     $ -  

 

The Company has net operating losses generated approximately $141,365 for income tax purposes in the year which expire starting in 2037.