Spouse unsure about home daycare

[Bookworm]

My husband is really supportive of my doing this. I'm not sure how long I'm in it for but he's all for it. I don't make any major decisions without consulting him (extended hours, taking on a new kid) just because I want to make sure that he okay with it, although he usually just says, "as long as you think you can handle it...".

[Inspired by Reggio]

If you returned to work would you have $1000.00 left after paying for daycare and all the other work expenses ???

Does he realize the tax savings - you will pay less tax being home and can write off portion of mortgage payments ????

[Connect]

Hi,
I did not know that you could write off portion of the mortgage payment. Inspired you are right. It is taking a toll on my relationship. I am very good at what I do because I love what I do. Being an educator is my passion and I love teaching young children. He knows I am good and I do work in a place where I love being an educator but have grown tired of the centre experience as it limits my ability to fully facilitate teaching experiences. It is sad that my husband does not see the value of teaching my own kids. I have handed in my police clearance and now I have to make a quick decision. Maybe start off with doing it as a drop in basis evening and weekend? i will see. We have to come to some compromise. Thanks all for reading. You are all wonderful!

[Inspired by Reggio]

Hi,
I did not know that you could write off portion of the mortgage payment. ...

Just to clarify - you can only write off a portion of the 'interest' you paid on your mortgage owing and 'property tax' not the actual 'principle' on your house - but it is a huge help ... seriously our interest last year was over $8000 and property tax was almost $3000 ... so getting to write off a portion of that $11,000 reduces your taxable income considerably depending on how much of your house you use for business, hours you work and so forth

[Littledragon]

My husband was worried about the mess initially, and he still gets a little irritated when he steps in a small pile of sand, or finds cracker crumbs on his socks, but he's pretty good about it. He knows this is what I want - to provide care for children while I provide the amount of love and care I want for my own son. Plus, is makes sense for us financially. Even if I only have two kids, I still take home more than I would if I worked out of the house and paid for childcare

[Littledragon]

You can write off almost EVERYTHING. ALSO if he's worried about the start up costs, you could apply for a small business grant through leadership grants if you're in Ontario. If you do it right, organize you're money properly, get the right amount of clients and are good with your money, you could make more than you did at the center. That is, if you're private. If you're with an agency, I'm not sure. I know for me, what i charge and with 3 kids, I can make 15,000 more a year than I did before I had my son - and that's after taxes and expenses....

Go to the Revenue Canada website, it has all the things you can deduct on your taxes. When my husband read the list, he got all excited. Now, he can't wait until next tax season haha

[Nurse]

I have not officially opened and started yet, but it was my husbands idea to do the dayhome as he works away from home 90% of the time and my job is very high stressed and effecting my health. Once I explained the insurance and what my income could potentially be he was even more for it. Wanted me to quit my job that day, but I'm waiting until I can get all my ducks in a row. Good luck!!

[kidlove]

Oh My Dear.......not sure what he is not sure about....but mine was AGAINST it in the beginning. He didnt want people in and out of our home, didn't like the noise when I started, complained of the running and yelling, the annoying (his words) parents coming in and out.....he is a crab from time to time!!!!! if your is anything like mine....HAVE FUN! ha ha it's worth it though, just keep it running smooth, keep the rules enforced, outside behavior is for outside and such. Keep a good schedule and make sure you thank him for allowing you to use your home for this GREAT business. It would really help if you had a separate place to have the kids, play room etc. GOOD LUCK! just like anything, he'll get used to it.

[mimi]

If my husband was not completely on board with my daycare I wouldn't be able to do it. My day is so full with the d/c kids that I would not be able to deal with an unhappy or disgruntled spouse. These men need to support their partners and their partners business. We would do the same for them. Home daycare does envelope alot of your homes space and yeah, it can be noisy, but the pros need to be weighed against the cons. Our spouses need to put our business in perspective and respect it and us. We are not admitting dangerous offenders into our homes (ok sometimes ) and if we are happy and satisfied with our work and income they should stop complaining and perhaps involve themselves occasionally.

[gcj]

not only the mortgage, but everything you use and touch for daycare....phone, computer, TV, heating, water....you need it for daycare, it's a right off! The details I'm unsure of....my accountant is the best $200/year I spend!