Wite Offs

[playfelt]

Things like the tv I would probably claim 50% daycare assuming your own children watch it sometimes afterhours or weekends. The stroller and wagon are deductible as daycare items even though your own children use the wagon occasionally I wouldn't worry about that unless that is your only mode of transportation with them - ie if you dont' have another stroller and use the wagon to get to the park on weekends then it is a shared item. The large stroller is strictly daycare.

Large items go into CCA and it isn't that complicated. In the business tax package there is a form to fill out where you will record the amount you spent on supplies and a section for CCA - it sounds funny but just do what it says in each box even if it seems odd because over the years it will make more sense. By the end of the row you will have the total amount you can claim for the year and the amount you will carry forward to claim next year.

Pizza day since it was a daycare event is 100% deductible. Other groceries you can either total and divide by the number of family meals/daycare meals to get a percent of the total or you can make up an average daycare menu and cost it out as long as you keep the grocery receipts to support your pricing.

Do get the booklet from the revenue Canada website on using your home for daycare. Make sure the accountant that you get has experience with home daycare because it is different than the average home based business.