A reconciliation of the income tax provision computed at statutory rates to the reported tax provision is as follows:
| Year
Ended April 30, 2017 | Year
Ended April 30, 2016 | ||||||
| Basic statutory and state income tax rate | 35% | 35% | |||||
| Approximate loss before income taxes | $ | 79,279 | $ | 43,532 | |||
| Expected approximate tax recovery on net loss, before income tax | 27,748 | 15,236 | |||||
| Changes in valuation allowance | (27,748 | ) | (15,236 | ) | |||
| Deferred income tax recovery | $ | — | $ | — |
Significant components of the Company’s deferred tax assets and liabilities are as follows:
| Year Ended | Year Ended | ||||||
| April 30, 2017 | April 30, 2016 | ||||||
| Deferred income tax assets | |||||||
| Non-capital losses carried forward | $ | 58,203 | $ | 30,455 | |||
| Less: valuation allowance | (58,203 | ) | (30,455 | ) | |||
| Deferred income tax assets | $ | — | $ | — | |||
At April 30, 2017, the Company has incurred accumulated net operating losses in the United States of America totalling approximately $166,292 which are available to reduce taxable income in future taxation years.
These losses expire as follows:
| Year of Expiry | Amount | |||||
| 2033 | $ | 1,482 | ||||
| 2034 | 41,999 | |||||
| 2035 | 43,532 | |||||
| 2036 | 79,279 | |||||
| Total | $ | 166,292 | ||||