Grrrr Tax receipts info - again pls

[Inspired by Reggio]

My contract has a line that asks 'who should annual childcare tax receipts be made out to' so I follow that ... typically the lowest income earner is the one who claims childcare expenses however some clients might want the other persons or both.

My receipts for every FULL year I have been open just say for the tax year of 201X because it is most time efficient way to get my receipts done ~ however like you might FIRST year I was concerned because I had employment from other sources including EI sick leave so that year I did 'this receipt is for childcare services offered between September 3, 201X ~ December 31st 201X so it was clear I was not earning 'income during my EI time frame'.

As for the SIN verses BIN ... what province are you in because not all provinces have the BIN only option which is why CRA requests our SIN instead because ALL provinces have those My understanding is that the BN is more expensive and time consuming to apply for from my understanding it automatically comes with the HST number, WSIB, OHIP and all the other packaged business remittance accounts which we do not need or WANT to have for our business cause we are except from them!

If you are in Ontario you want to go to the service Ontario website to register for JUST the BIN ... it is a one stop shop for all registrations so it will ask you about do you want the HST and other things but with registering through this portal you have the option to click NO to everything but the BIN .... you just want to the registration of your 'business name' if you are using one which is required under the Business Names Act in Ontario

https://www.appmybizaccount.gov.on.c...z3mfZFy8JQnA!/

If you are not using a 'business name' I am not sure how it works to register for a BIN cause you technically would not need one?

As for banking the choices is your ~ if you want to create a business account you could however it comes with higher service charges and crap cause they assume you are full of money as a business however you still have the option of having a business name but choosing to have your clients weekly cheques written out to your own legal name and using a regular chequing account cause we do not do enough 'business' for banks to really notice or care that we are depositing a few cheques each month

While yes according to the CRA website you 'could be fined' for not providing proper information for taxes ~ just like a provider who has more than 5 children above her own 'could be fined' the reality of that actually happening IME are MINIMAL ... the lady on my street for example has had the Ministry out several times over her 'numbers' and never been fined ... IMO unless a business gets earmarked to be made an example of due to many infractions or public pressure you typically would get a 'warning' of the proper way to do things if you made a mistake and a chance to make it 'right' so to speak!