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Thread: Tax time!

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  1. #1
    Expansive...
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    That's all you spent on food from May-dec?

    I save every receipt for everything and for 2011 my family of 4 plus the 4.5 daycare kids cost $11,000 (yes THOUSAND) dollars in food.

    Of course the accountant will divide out weekends and my family but considering I feed the daycare kids 3 times and 5 days a week I am sure they will still be closer to 3 or 4 thousand for groceries /meals

    i spent thousands on daycare equipment i.e strollers, craft supplies, playards, presents, books

    I think it is possible to get my income very low for this year if not wiped out if I claim everything but I am not sure what is better.

    On one hand I have all the receipts and tracking that I could claim a TON of stuff but on the other hand getting back a tax report that shows I make less money affects us if we apply for loans and also means I will miss paying into CPP etc this year. I am deciding whether to actually not claim everything I am entitled to for that reason
    Last edited by Spixie33; 02-14-2012 at 12:21 PM.

  2. #2
    Starting to feel at home...
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    Hi Spixie! I only have 2 full time and 1 part time dck! Also, I do separate shopping....and it now seems like my kids don't eat much, ha ha!! I also have receipts for toys, crafts etc. but certainly not thousands worth! I want to pay into CCP so that part doesnt bother me.

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