Income Taxes

12 Months Ended

Dec. 31, 2015

Notes to Financial Statements

Income Taxes

a) The income tax expense is reconciled per the schedule below:

	2015			2014
Net loss before income taxes	$	(3,487,757	)	$	(479,341	)
Fair value of services rendered by shareholder		-			45,269
Depreciation		178			(72	)
Non deductible portion of meals and entertainment		516			17
Share based compensation		2,970,464			-
Transaction costs		(12,045	)		233,738
Adjusted net loss for tax purposes		(528,644	)		(200,389	)
Statutory rate		25.1	%		23.61	%
		(132,682	)		(47,306	)
Valuation allowance		132,682			47,306
Provision for income taxes	$	-		$	-

b)	Deferred Income Tax Assets
	The tax effects of temporary differences that give rise to the deferred income tax assets at December 31, 2015 and 2014 are as follows:

	2015			2014
Net operating loss carry forwards	$	183,339		$	47,312
Transaction costs		42,406			45,597
		225,745			92,909
Deferred tax assets not recognized		(225,745	)		(92,909	)
Net expected deferred income tax recovery	$	-		$	-