v3.26.1
INCOME TAXES
 12 Months Ended
Dec. 31, 2025
INCOME TAXES  
INCOME TAXES

NOTE 10. INCOME TAXES

 

Income tax expense and recovery differs from that which would be expected from applying the effective tax rates to the net income (loss for the years ended December 31, 2025 and 2024 for the Company is as follows:

 

 

 

December 31, 2025

 

 

December 31, 2024

 

Net income (loss)

 

$(42,124)

 

$(47,225)

 

 

 

 

 

 

 

 

 

Statutory and effective tax rate

 

 

21%

 

 

21%

Income tax expense (recovery) at the effective rate

 

 

(8,846)

 

 

(9,917)

Tax benefit (liability) deferred

 

 

8,846

 

 

 

9,917

 

Income tax expense (recovery)

 

$-

 

 

$-

 

  

 

 

December 31, 2025

 

 

December 31, 2024

 

Tax losses carried forward

 

$(225,686)

 

 

(183,562)

 

 

 

 

 

 

 

 

 

Statutory and effective tax rate

 

 

21%

 

 

21%

Deferred tax asset

 

 

(47,394)

 

 

(38,548)

Valuation allowance

 

 

47,394

 

 

 

38,548

 

Net deferred asset

 

$-

 

 

$-