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  1. #1
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    $50.00 a DAY! What are you feeding these children? Can I come to your house for snack and lunch! I would think that would definitely invite an audit! Just curious....has ANYONE here been through an audit?

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    Euphoric ! bright sparks's Avatar
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    Quote Originally Posted by sandylynn View Post
    $50.00 a DAY! What are you feeding these children? Can I come to your house for snack and lunch! I would think that would definitely invite an audit! Just curious....has ANYONE here been through an audit?
    Bear in mind this thread is really old and I have since reduced my costs by making changes, not because of auditing but because my area became very competitive and I needed to reduce my costs when I had spots open with zero enquiries.

    $50 may seem like a lot, in fact it is a lot but I was serving a 100% organic meal plan along with nothing processed, everything made from scratch, everything fresh from meat to veggies and also offered a gluten free menu so organic gluten free grains. My accountant has told me that up to $10 per child per day for food is considered a fair amount to claim without the worry of being audited. When I lived in Burlington, the place was saturated with providers so to give myself a neesh, I offered an organic plan and accommodated allergies which drew families who cared about nutrition in and created a wait list. I was able to charge more per day due to the income level of my area. When I moved to Niagara Region the meal plan still drew lots of families in although my rate did go down a little as the poverty rate is higher here and income levels are generally a bit lower or people have higher travel costs at the very least, so my expense obviously increased. I also haven't had a rate increase for a good few years and so again, the expense of food falls on me. This year I have calculated my food and while I started out higher at the beginning of the year it has averaged out to $8 per child per day and I work 4 days a week now, not 5. I no longer offer a full organic plan to counter the lack of fee increase in light of the fact that inflation in food costs occurs annually regardless. I do not buy organic meat but abf instead which saves me a little, not a lot, and we are meat free 50% of the time which saves me the most. I serve less fruit and more raw veggies, again saves a decent amount monthly when my crew have healthy appetites. I have always had great eaters, only a couple out of the 30+ have eaten like mice. I spend about $150 a week on average now for 4 kids for 4 days. It's a real struggle too I find to feed them healthy but just takes more planning and certain things like lasagne that are expensive to make just never go on my menu. I price match like a crazy person too and when something is on sale I buy multiple and stock pile it. pc plus is also amazing as its tailored to your buying habits so I regularly get items for a steal from the natural food department which makes a big difference. In 2014 I signed up and since August I have redeemed over $400!!

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    Just wondering....there isn't a daycare opening on this site within 10 km of my home that charges less than $40.00 per day....so...here's my question....that's a $50,000.00 income year....how much would one put aside to cover taxes with double CPP for this kind of income....anyone?

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    Euphoric ! bright sparks's Avatar
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    Quote Originally Posted by sandylynn View Post
    Just wondering....there isn't a daycare opening on this site within 10 km of my home that charges less than $40.00 per day....so...here's my question....that's a $50,000.00 income year....how much would one put aside to cover taxes with double CPP for this kind of income....anyone?
    What do you mean by double CPP?

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