Annual report pursuant to Section 13 and 15(d)

Income Taxes

v3.7.0.1
Income Taxes
12 Months Ended
Apr. 30, 2017
Income Tax Disclosure [Abstract]  
Income Taxes

Note 6 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 April 30, 2017 and 2016 as follows:

 

    For the year Ended  
    April 30, 2017     April 30, 2016  
             
Net loss for the period   $ (29,893 )   $ (48,554 )
Statutory and effective tax rate     34 %     34 %
                 
Income tax expense (recovery) at the effective rate   $ (10,164 )   $ (16,508 )
Permanent differences     -       -  
Tax losses carry forward deferred     10, 164        16,508  
                 
Income tax recovery and income taxes recoverable   $ -     $ -  

 

The Company has accumulated non-capital income tax losses of $ 170,502. Under normal circumstances the losses will expire in the years 2030 to 2037.

 

As at April 30, 2017, the tax effect of the temporary timing differences that give rise to significant components of deferred income tax asset are noted below. A valuation allowance has been recorded as management believes it is more likely than not that the deferred income tax asset will not be realized.

 

Tax attributes   April 30, 2017     April 30, 2016  
             
Tax loss carried forward   $ 170,502     $ 140,610  
                 
Deferred income tax assets     57,971       47,807  
Valuation allowance     (57,971 )     (47,807 )
                 
Deferred tax asset   $ -     $ -  

 

The Company file income tax returns in the United States of America and in the State of Nevada. At April 30, 2017, the Company is subject to examination for all unfiled tax years.