Hi Ladies! This is my first year (well first week!!) doing home daycare and I am really nervous about income tax time! I have never been "self employed" and I am so scared I am going to have to pay a lot of money at tax time because money isn't being taken off my cheque for taxes...can anyone reassure me?! Should I be putting money away each month to use at tax time?! I have no idea how all this government stuff works with CPP and other taxes I will no longer be paying into...

I am also wondering, I know I can write off a lot of receipts but when it comes to groceries, do you pay for your families groceries/personal items separate and then you daycare food items? Or do you just buy everything at once and submit that one grocery bill? I am not sure how it works...

Thanks so much for the advice!!