The reasoning is by providing your SIN # the govn't knows that you are not trying to scam by not claiming all your income. Without your SIN # how can the govn't connect you to the daycare family? Without your SIN # the family if audited cannot claim childcare costs. To my knowledge, if you are caught not providing your SIN # to families then you can be fined, is it worth the risk? I think I read about the fines in one of the CCPRN articles last year about this time, if anyone keeps their CCPRN newsletters you might be able to confirm the info
There are options ... I am very set against giving my SIN # to families and won't do it. It isn't that I don't trust my dc families but it is who may come into contact with their financial records ... So the option is to spend $75 and get your BIN #. This replaces your SIN # and you run no risks of incuring fines due to not including your SIN #. With my BIN #, I filed my business name, my address, my SIN #, and maybe a few other bits and pieces of information. Now, if a family gets a hold of my BIN # all it means is they have information pertaining to my business vs personal stuff.



































Reply With Quote


