Hi there! Since the birth of my 1st son almost 4 years ago I have been entertaining the idea of opening my own home day care.

We have the perfect location and great set up at our house.

Over the last few years things have been beginning to turn sour at my place of employment and I feel like I am finally ready for a change!

I am due with my 2nd child this spring and once my maternity leave ends I want to officially open a home daycare.
I have already applied for a license with my city. Who would be able to find children for me. And also have friends who have shown interest in bringing their child here. Although of course I am nervous to give up a full time career to just starting over again!

My past experience is in the social services field so I have experience working with people.

But I feel like there is so much I need to know!
such as...
  • How will I file income tax now?
  • Will I need to pay in at the end of every year (taxes)?
  • What does the canadian government or my city have to offer in terms of "helping out" (food? supplies?) if any!
  • Do I have to have insurance?
  • Unpaid sick time?

so many questions! My city didn't give me many details since it's so far away but I like to be prepared!

What are the up sides? What are the down sides?

Any advice or information would be greatly appreciated!