3.5k
Daycare and childcare providers in Winnipeg, Toronto, Vancouver, Ontario etc. in CanadaGarderies à Montréal ou au QuébecFind daycare or childcare providers in the USA
Forum control
+ Reply to Thread
Results 1 to 6 of 6
  1. #1
    Shy
    Join Date
    Aug 2012
    Posts
    43
    Thanked
    2 Times in 2 Posts

    Can i claim a deep freezer as a expense

    Hello
    I am just wondering if I can legally claim the deep freezer we bought yesterday at a clearance sales at a Sears Warehouse.

    Before starting the daycare I had no use for one, but quickly found the freezer in the fridge was too small once I started making items to freeze for meals/snacks.

    I paid $ 222 for the freezer with tax. It is normally a $ 600 freezer but thanks to a scratch on it we got for less than half.

    Also I live in a 1100 square foot house 50% of my house is used for daycare and living. How do I figure the amount of utilities I can claim. I know there is a formula on the government website but I can not wrap my head around it. I have tried several times. I do know the accountant will do it for me but I would like to have a idea in the mean time.

    Thanks once again for your advice and help.

  2. #2
    Euphoric !
    Join Date
    Feb 2011
    Location
    Ottawa, Ontario
    Posts
    4,499
    Thanked
    1,469 Times in 1,125 Posts
    YOu should be able to claim it under CCA - capital cost allowance. You claim a portion of it as daycare and a portion of it as personal such as 50% of the cost for each. You won't get a lot back this year since your claim will be based on 50% of the cost but the balance will all be carried forward and you will get more next year until the whole 50% is claimed.

  3. The Following User Says Thank You to playfelt For This Useful Post:


  4. #3
    Shy
    Join Date
    Aug 2012
    Posts
    43
    Thanked
    2 Times in 2 Posts
    Thanks. That almost makes sense to me. I am really terrible with math. It is honestly a foreign language to me outside the basics

  5. #4
    Euphoric ! mimi's Avatar
    Join Date
    Mar 2012
    Location
    Ontario
    Posts
    1,482
    Thanked
    555 Times in 413 Posts
    I always have an accountant do my returns. The fee they charge is reasonable for my piece of mind and they take the questions out of what I can claim. It is an investment (which you can deduct) in your business and your finances .

  6. The Following User Says Thank You to mimi For This Useful Post:


  7. #5
    Shy
    Join Date
    Aug 2012
    Posts
    43
    Thanked
    2 Times in 2 Posts
    Thanks Mimi. I plan on having a accountant do my taxes for me. My husband thinks its a waste of money but I sooner pay for the taxes knowing the tax was completed properly than worry about getting audited or worse

  8. #6
    Euphoric ! mimi's Avatar
    Join Date
    Mar 2012
    Location
    Ontario
    Posts
    1,482
    Thanked
    555 Times in 413 Posts
    You are welcome I like to sleep at night!!!!!!!!!!..... ..and they always come up with a deduction I didn't think of eg: clothing specific for daycare

Similar Threads

  1. How to expense food on tax form
    By Thea in forum Managing a daycare
    Replies: 4
    Last Post: 04-24-2019, 02:05 PM
  2. Food expense
    By Balanced in forum Managing a daycare
    Replies: 24
    Last Post: 01-17-2014, 10:40 AM
  3. Expense spread sheet
    By aplacetogrow in forum Daycare documents
    Replies: 0
    Last Post: 03-15-2013, 08:27 AM
  4. Can I expense some of the cost for home improvements?
    By SummerLuvin in forum Managing a daycare
    Replies: 1
    Last Post: 02-21-2012, 01:51 PM
  5. Another expense question - GST
    By mlc1982 in forum Managing a daycare
    Replies: 2
    Last Post: 08-05-2011, 11:03 AM

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts

A few tips...

If you encounter a daycare provider with out-of-date openings / spaces, click on the button right above the currently listed openings to report it!
Did you know?
Current available openings are updated constantly. Come back often to see the newest daycare openings in your neighborhood!
Partner in your
search for a daycare provider