Hi there!

New here... I'm sorry if this has been asked before, I've been looking for similar posts...

My cousin and I are opening a daycare in her two storey home. We will not be licensed by our province. We will have between 5-10 kids including our own (we each have a son) throughout the month (some kids are part-time)

The kids (between 1-5 in age) will sleep upstairs in 2 of the rooms (play pens/cots), main play area on the main floor and possibly play time in the basement and backyard.

We have debated registering the daycare as a business. What are the pros and cons of registering? Is that the only way you can claim groceries, Utilities?

Also, my cousin spoke to her brother in law and he has his own home reno business, and he suggested that we register as a business and that I act as a contractor... as I don't live with her. We want everything to be 50/50 income wise (other than claiming utilities).

Also, do we need to register with ISC!?

How do/would most of you go about this?

Thank you!