Welcome to our forum. If you keep your nanny you will have an employee and you run a daycare you will have to apply for a business number from the federal government and pay all her CPP and EI, etc. You have to pay CPP & EI anyway for a nanny but it opens a big whole can of worms when you are self employed and have an employee but it's a tax deduction, that's the plus. I couldn't imagine giving my income to someone else though.

I have friends who have 5 daycare children and their own children as well and they handle it very well. Start slowly and add clients as you feel comfortable and competent. Your routines fall into place with practice and before you know it you're rolling along and the days fly by. There are a lot of pros and cons though, lots!

I'm one of the people who started out without a clue and worked her way up to running a very successful business over the years. Those who start with a plan and research are way ahead of the game, so hey, if I can do it you can do it. My website and client references are golden and now I don't have any problems filling a space when I have one. I'm turning people away all the time.