Tax time!

[Spixie33]

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