Record Keeping!

[lunademiel]

Ok just one more question! How do I calculate backyard maintenance when it is a shared space? Can I claim a percentage of the deck we need to build to make the backyard safer? The fence? How about outdoor play structures?

Thanks again for all your help!

[Inspired by Reggio]

Ok just one more question! How do I calculate backyard maintenance when it is a shared space? Can I claim a percentage of the deck we need to build to make the backyard safer? The fence? How about outdoor play structures?

Thanks again for all your help!

Yes we can write this off as 'maintenance' we just use the 'shared use of space' equation from the CRA

(Square footage of the space / square footage used for daycare) x( hours in operation / 24 hours in a day) x ( number of days a year open / 365 days in a year) x 100 = the percentage of your expense you can write off.

[lunademiel]

Sorry to be a pain... For this equation do I calculate only the amount of time spent outdoors/in the backyard or do I calculate the total hours the daycare is open?

Thanks

Yes we can write this off as 'maintenance' we just use the 'shared use of space' equation from the CRA

(Square footage of the space / square footage used for daycare) x( hours in operation / 24 hours in a day) x ( number of days a year open / 365 days in a year) x 100 = the percentage of your expense you can write off.