HELP - CANT FIND ACCOUNTANT Ottawa region

[Artsand crafts]

I never have claim anything I buy used unless I get it from Once Upon a Child. They give you receipts for your purchases.

[playfelt]

I never have claim anything I buy used unless I get it from Once Upon a Child. They give you receipts for your purchases.

Anything you buy used you can write yourself a receipt that has the date and place of purchase on it and the amount paid. This applies to things like from a garage sale. In effect what you are doing is transferring an item from personal to business as in you bought it and now you are selling it to your daycare. This also applies to things you have from your own children they have outgrown that you are adding to the daycare such as a highchair or playpen.

[Artsand crafts]

Hi Playfelt, what about a CRA audit? I though you have to prove with your receipts your purchases. I have gotten lots of stuff from Kijiji from several people. Will CRA take my word when I "tell" them how much I have paid for them?

[BlueRose]

Hi Playfelt, what about a CRA audit? I though you have to prove with your receipts your purchases. I have gotten lots of stuff from Kijiji from several people. Will CRA take my word when I "tell" them how much I have paid for them?

if you contact the person sell the item via email, ask them to email you how much the item cost or print out the ad. keep these with your records.