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Thread: Taxes????

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  1. #3
    Shy
    Join Date
    Jun 2016
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    if your daycare/babysitting is less than $6900 per year and no expenses to offset the income you can claim it as OTHER INCOME. if you are going to earn more and have expenses you will need to file with your tax return a T2125 SUMMARY OF BUSINESS, PROFESSION AND COMMISSION INCOME AND EXPENSES which you have to enter income, daycare expenses such groceries, supplies, etc and home expenses such as utilities, mortgage interest, insurance and so on.

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