INCOME TAXES

12 Months Ended

Aug. 31, 2018

We did not provide any current or deferred U.S. federal income tax provision or benefit for any of the periods presented because we have experienced operating losses since inception. Accounting for Uncertainty in Income Taxes when it is more likely than not that a tax asset cannot be realized through future income the Company must allow for this future tax benefit. We provided a full valuation allowance on the net deferred tax asset, consisting of net operating loss carry forwards, because management has determined that it is more likely than not that we will not earn income sufficient to realize the deferred tax assets during the carry forward period.

A reconciliation of the provision for income taxes at the United States federal statutory rate compared to the Company’s income tax expense as reported is as follows:

	August 31, 2018			August 31, 2017
Net loss before income taxes per financial statements	$	(11,957	)	$	(2,613	)
Income tax rate		34	%		34	%
Income tax recovery		(4,065	)		(888	)
Non-deductible		-			-
Valuation allowance change		4,065			888

Provision for income taxes	$	-		$	-

The significant component of deferred income tax assets at August 31, 2018 and August 31, 2017 are as follows:

	August 31, 2018			August 31, 2017
Net operating loss carry-forward	$	4,953		$	888
Valuation allowance		(4,953	)		(888	)

Net deferred income tax asset	$	-		$	–

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