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
+ Reply to Thread
Results 1 to 8 of 8

Thread: Food and taxes

  1. #1
    Shy
    Join Date
    Mar 2012
    Posts
    3
    Thanked
    2 Times in 1 Post

    Food and taxes

    Hi everyone!! I am wondering how everyone works out their food for taxes. Do you add up all your receipts and use a percentage. Do you assign a daily dollar amount, and work out that way? Thank you!

  2. #2
    Starting to feel at home...
    Join Date
    Dec 2012
    Posts
    58
    Thanked
    105 Times in 84 Posts
    I make up a typical week's menu and figure out the cost per day. I then multiply that by the number of days each child was here and claim it all. Last year it was $7 per day, but with the increase in groceries over the past year I claimed $8 this year (per child per day).

  3. #3
    Euphoric !
    Join Date
    Feb 2014
    Posts
    1,340
    Thanked
    751 Times in 483 Posts
    Probably not much help, but I save all grocery receipts for the year and tally them up. My accountant does something with that number. I believe she just uses the portion of the house used solely for daycare as the portion of the food bill that is claimable. But, I could be wrong.

  4. #4
    Expansive...
    Join Date
    Aug 2013
    Posts
    709
    Thanked
    153 Times in 132 Posts
    I purchase all daycare groceries on separate bills, so it is 100% daycare only.

  5. The Following User Says Thank You to Busy ECE mommy For This Useful Post:


  6. #5
    Euphoric !
    Join Date
    Sep 2013
    Posts
    3,161
    Thanked
    1,085 Times in 810 Posts
    The first couple of years, I bought daycare groceries separately and claimed those receipts 100%. However, it wasn't an accurate number because they would often get our leftovers, which was a lot of the meat and when I baked, that stuff was out of our personal groceries most often.

    Now I just buy everything together, tally it up and claim half (that's the number I get to claim for most things) because half my house is daycare dedicated. It made a significant difference to my deductions

  7. #6
    Euphoric !
    Join Date
    Sep 2013
    Posts
    1,670
    Thanked
    629 Times in 475 Posts
    Same as 5LM. Total of groceries for year - half claimed as daycare.

  8. #7
    Outgoing 33 Daiseys's Avatar
    Join Date
    Aug 2014
    Posts
    268
    Thanked
    90 Times in 67 Posts
    same as 5lm, though i buy separate cleaners and toilet products that I claim 100 percent on.

  9. #8
    Shy
    Join Date
    Jun 2016
    Posts
    6
    Thanked
    1 Time in 1 Post

    meals per child

    my husband is a tax consultant at a firm in oshawa and have quiet a few clients who have daycare businesses and enter all grocery receipts, then will ask/confirm with client what is the percentage of the groceries are for daycare use.

    there is no rule of thumb as per cra how much to claim but generally it is anywhere from $6-$8 per child.

    it is best to keep the receipts of course because cra does audit home daycare businesses

Similar Threads

  1. Taxes...claiming food
    By sandylynn in forum Managing a daycare
    Replies: 20
    Last Post: 04-26-2017, 12:37 PM
  2. Taxes. Do you do your own or have them done for you?
    By Beanie in forum Managing a daycare
    Replies: 16
    Last Post: 11-03-2015, 11:11 AM
  3. Taxes?
    By auntiem26 in forum Opening a daycare
    Replies: 6
    Last Post: 05-27-2013, 03:31 PM
  4. Few questions about food and taxes
    By venusrockstar in forum Managing a daycare
    Replies: 18
    Last Post: 05-09-2013, 08:43 AM
  5. Food expenses for taxes - HELP!
    By DCMom in forum Managing a daycare
    Replies: 4
    Last Post: 02-06-2013, 08:56 AM

Tags for this Thread

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.
Did you know?
On average, a listing is viewed each month by more than 210 parents looking for an available opening for their child!
Partner in your
search for a daycare provider