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
Results 1 to 10 of 13

Threaded View

  1. #10
    Euphoric ! bright sparks's Avatar
    Join Date
    Feb 2011
    Posts
    2,074
    Thanked
    807 Times in 564 Posts
    cfred, I pray you don't get auditted because whoever is telling you to write of the cost of flowers for your garden is clearly out of their mind. You can right off an incredible amount of stuff but only a percentage on a lot of stuff unless it is exclusively used 100% for business. It's okay to put whatever you want down on your tax return but if you get auditted and the cra start digging around, I'd imagine a lot of us would end up with a bill based on writing off items which are just not acceptable regardless of what some accountants say. They aren't all created equally. You said you pay $300 at H&R block?? That is expensive and H&R Block really aren't specialized from my experience. They even missed things off my husbands individual tax return the first year we filed taxes in this country. Hence why I didn't go back. You'd have to have a pretty convincing arguement for the CRA for thinking that flowers were NECESSARY and even then they can do whatever they want. I write off lots, but I am sure to make sure that it will be something I can justify. I used to write off all books even my kids books but now they are getting older I can't honestly justify to the CRA that a Harry Potter book was for my daycare kids. The same with Toysrus purchases, I can't say a computer game is for daycare use. Just be very careful ladies that you don't overstep the mark by taking TO MUCH advantage of this ability to write lots off. Things have a way of biting you in the ass when you least expect it.

    I recommend calling a few accountants and asking them what their experience is with working with home daycare providers as there is a lot that applies to us that isn't necessarily the same as other small businesses and people who have a home office. Keep spreadsheets outlining all your daycare related expenses and keep all reciepts FOR EVERYTHING. If in doubt ask your experienced accountant if it can be written off or call CRA for confirmation. $4000 seems like to much to pay in a year even if you were maxxed out with your childcare spots. I can send you a spreadsheet of different categories and items you can write off if that is helpful. Just send me a message and I will send it to you. Make yourself a cup of tea and push the worry to one side. Get all the facts together and then see how much you owe. Fingers crossed its less than the 4K and regardless, you can make a payment plan with CRA and you'll have an idea as to how much to save monthly for next years tax bill :-)

  2. The Following 2 Users Say Thank You to bright sparks For This Useful Post:


Similar Threads

  1. Feeling bummed
    By torontokids in forum Daycare providers' experiences with parents
    Replies: 2
    Last Post: 11-30-2015, 08:24 PM
  2. Feeling Really Used.
    By Racing Mom in forum Daycare providers' experiences with parents
    Replies: 34
    Last Post: 03-31-2015, 03:28 PM
  3. Bad feeling
    By pink in forum Managing a daycare
    Replies: 24
    Last Post: 03-03-2015, 08:09 AM
  4. Feeling bummed
    By Mamateach in forum The day-to-day as a daycare provider
    Replies: 7
    Last Post: 09-26-2013, 07:05 PM
  5. Kid leaving. feeling bummed
    By gcj in forum The day-to-day as a daycare provider
    Replies: 2
    Last Post: 06-01-2012, 09:21 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...

Always ensure that your child receives quality care by taking the time to investigate the provider and by asking for references! We simply cannot verify the claims of every daycare provider.
Updates
We expect providers to keep their listing and available openings up-to-date. However, to prevent oversights, openings expire after 45 days.
Partner in your
search for a daycare provider