INCOME TAXES

12 Months Ended

Jun. 30, 2024

Income Tax Disclosure [Abstract]

INCOME TAXES

NOTE 7 - INCOME TAXES

Income taxes

The provision for income taxes differs from that computed at the corporate tax rate of approximately 21% (2023-21%) as follows:

	2024			2023
Net income (loss) before income taxes	$	(64,286	)	$	(61,879	)
Expected income tax expense (recovery) at statutory rates		(13,500	)		(12,995	)
Effect of foreign tax rate difference		180			-
Tax effect of non-deductible expenses (taxable items)		-			-
Change in valuation allowance		13,320			12,995
Provision for (benefit from) income taxes	$	-		$	-

Deferred tax assets

Deferred taxes are provided on a liability method whereby deferred tax assets are recognized for deductible temporary differences and operating loss and tax credit carry forwards and deferred tax liabilities are recognized for taxable temporary differences. Temporary differences are the differences between the reported amounts of assets and liabilities and their tax bases. Deferred tax assets are reduced by a valuation allowance when, in the opinion of management, it is more likely than not that some portion or all of the deferred tax assets will not be realized. Deferred tax assets and liabilities are adjusted for the effects of changes in tax laws and rates on the date of enactment.

Net deferred tax assets consist of the following components as of June 30, 2024 and 2023:

	2024			2023
Deferred tax assets (non-current):
Net operating loss	$	433,445		$	420,125
Valuation allowance		(433,445	)		(420,125	)
Net deferred tax assets	$	-		$	-