Holding deposits

[Suzie_Homemaker]

I disagree ... All money you receive in 2015 goes on your 2015 taxes and therefore you issue a receipt for that money .... It doesn't matter when you use the money

This is wrong.

On CRA website, is guide for self employed completing form T2125 - which we use for business incomes. In this it clearly say "■ report your income in the fiscal period you earn it,
regardless of when you receive the income;"

So if you take deposit this year, and it being applied to 2015 fees, you report in 2015.
If you take deposit this year, and it applied to FINAL week of care, then you not report until financial year that person leave.

http://www.cra-arc.gc.ca/E/pub/tg/t4002/t4002-14e.pdf