Tax Receipt Information

[lalaloopsy]

As a new private day home provider in Alberta I was wondering what information I would have to include on the tax receipt in January. Thank you!!

[lotssoflove]

Hi!
my tax receipts always include the contact name and address of the family its going to, Name of Child and their rate,
days paid, amount and for which weeks with a total.
Your information (if you have a BIN number ect, or just your name and address).

There are some templates that help on Microsoft Word.

Best of luck!

[Inspired by Reggio]

Canada Revenue agency provides a sample on their website of what it MUST contain and than anything addition you want to add you can or if you want to use a fancy computer generated one with your logo or whatever you can as long as you provide all the info they require below.


http://www.cra-arc.gc.ca/tx/bsnss/tpcs/dycr/rcpts-eng.html
Received from ____________________ ____________________ ______
for caring for ____________________ _______________ (name of child)
the sum of $ ____________________ ____________________ _______
for the period from ____________________ to ____________________
Services provided by ____________________ _________ (please print)
Address ____________________ ____________________ ___________
Daycare provider's Social insurance number ____________________ _________________
Signature ____________________ ___________ Date ______________

If second the suggestion of applying for a BIN (business identification number) so that you do not have to provide your SIN number as that can be used to steal your identity if it ends up in the wrong hands :(

[DCMom]

A new question to this thread: If it is for a family with 2 children, would you issue 1 receipt for each child, or 1 receipt with both children?

[playfelt]

I issue one per family. They can claim a total based on number of children. I do it because that is how they pay me so the receipts they get is for the total paid each week and my annual statement is a total of the receipts I have given.

[Momof4]

Don't stress over anything. I have a dcMom who works for CRA. She has never requested my SIN, she is great with just having the weekly receipts, no worries. You really don't have to be so anal and worried as long as you are honestly declaring all your income and you are providing receipts to all your clients.

[lainey76]

As for the BIN number , as per a tax info. session held by a CRA rep. it means nothing to them and we were essentially told it's a waste of time as they dont even use it/look at it .

[Momof4]

As for the BIN number , as per a tax info. session held by a CRA rep. it means nothing to them and we were essentially told it's a waste of time as they dont even use it/look at it .

You are right lainey76 because the BIN is for the provincial government and the federal government doesn't care about it. That issue confused me when I started because my dcMom who works for CRA was telling me I don't need a BIN and other HDCP's in my area were adamant that I should have one. However, I think if you are caught without a BIN by the prov. gvmt. you would be in trouble. How do they catch you? I have no idea! Good question!

[playfelt]

Actually there are two programs. The BN (business number) is a federal program. I have a number with them which allows me to import the felt products that I sell and to collect and remit the HST.

The BIN is an Ontario provincial number for a business and is only for use when communicating with the provincial government about stuff.

Now whether you get a BN from the federal government when you register you business not sure but I would assume. So it is a BN you need that could be used on taxes not a BIN.

[Momof4]

My CRA dcMom informed me that we don't need a BN at all though unless you have a payroll or some other things that don't apply to us. It's all explained very well on the websites if you google but I could find the links if anyone seriously wants them.

[playfelt]

We don't need it but I think some are saying they were using it as their identification to parents. When I use my BN for my felt business that is what goes on forms. It proves I am a business and can collect HST.

A daycare centre would have a BN as a registered business and not be giving out personal info such as the dirctor/owner's SIN and we should be allowed to do the same thing. It isn't something I have worried about too much since it has only been the last while that there seems to be such an issue with identity theft. Years ago everyone was asking for your SIN to be put down as info - now a driver's license number is used instead.

[treeholm]

I have a business number so I can put that on my receipts instead of my SIN, which I will not provide. I was advised to do this precisely because of identity theft concerns. Identity theft has become much more of a concern that last few years. It was worth the $60 fee to me, even if that is all I use it for. I also opened a bank account in my business name to accept cheques made out to the business, but my insurance company then told me I could only accept cheques made out to me personally since I would need to be an ECE to have a daycare... yes, I know the insurance company is wrong sigh, but I'm not about to take on a fight with a major corporation.

[DCMom]

You might possibly be able to get away with using your BN, but I have learned that this is unacceptable to CRA for receipts issued to parents (I've spent quite a bit of time talking with CRA on this matter), so just be aware that they have stated only SIN, not BN. (though it would be great if we could get away without giving our SIN)