Claiming childcare tax credits

[Rachael]

Do you know whether all home care owners registered at Daycare Bear are required to give us their SIN or any applicable receipts so that we can include the information when we file our tax return?

ALL PROVIDERS PERIOD are required to give their SIN unless they have registered their business and therefore have a reg number to provide instead.

It has nothing to do with being a provider registered on this site.

IT is a legal requirement to declare income earned in Canada. In-home day care providers have a job code like every other job in the country. This job code is one of only two, who can operate a business from home, without registering that business however, in doing so, they have to provide their SIN on day care receipts.

Every customer/client of any business in Canada is legally entitled to a receipt for monies paid.

This means, even if a cash agreement was reached, and the provider intended fraudulently missing their income from their tax return, that client can demand a receipt at the end of the day.

The receipts are used by day care parents to claim a federal tax credit. To date, the max they can claim is $7,000 per annum. As from 01-Jan-2015, that amount will increase to $8,000 per annum.