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
Page 1 of 2 1 2 LastLast
Results 1 to 10 of 12
  1. #1
    Starting to feel at home...
    Join Date
    Jul 2015
    Posts
    50
    Thanked
    23 Times in 14 Posts

    Benefits of registering as a business

    Hi everyone, I'm wondering about registering a home daycare as a business. I know that if you register, you do not have to give your SIN to the parents, but what other benefits are there to registering as a business? As I understand, if you use anything other than your name for your business, you are required to register as a business. I'm using my first name followed by the words, "Home Daycare". (Ex. Jane's Home Daycare.) Because I'm using the words, "Home Daycare" and not just my name, do I have to register? What is the cost of registering? I'm in Ontario. Thanks.

  2. #2
    Euphoric !
    Join Date
    Sep 2013
    Posts
    1,670
    Thanked
    629 Times in 475 Posts
    If your business name is just your name then daycare you don't need to register. I call my daycare something else so I have it registered. I had a lady once copy my add almost word for word and then try to name her daycare something extremely similar to mine. I contacted her and asked if her name was registered as it is too similar to mine and likely would not be allowed (I worked in the legal field and knew there was no way it would be approved). She ended up deleting her whole add. In MB I paid $75 then renew it every 3 years.

  3. The Following User Says Thank You to mickyc For This Useful Post:


  4. #3
    Starting to feel at home...
    Join Date
    Jul 2015
    Posts
    50
    Thanked
    23 Times in 14 Posts
    If I do not register, am I able to still use all same tax write offs? Also, I read somewhere that if you use business cards for advertising, you need to register. Although I am just using my name for my business, I do have business cards. Does this make a difference?

  5. #4
    Euphoric !
    Join Date
    Sep 2013
    Posts
    1,670
    Thanked
    629 Times in 475 Posts
    Registering a name is just to secure the name. You don't have to register a name to claim on your taxes. Not sure about the business cards

  6. The Following User Says Thank You to mickyc For This Useful Post:


  7. #5
    Expansive...
    Join Date
    Aug 2013
    Posts
    709
    Thanked
    153 Times in 132 Posts
    In Ontario, I registered the business name(not my name) just to ensure that I held the name that I wanted. That gives you a Business Identification Number for about $60 for 5 years(in Ontario) At tax time, I don't put my SIN on tax receipts, I only print out the BIN, which the accountant and CRA can cross-reference to link to my business, and I don't have to worry about giving out my personal information.

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


  9. #6
    how do you register your business in Ontario and ensure no one has the same name you want to use?

  10. #7
    Starting to feel at home...
    Join Date
    Jul 2015
    Posts
    50
    Thanked
    23 Times in 14 Posts
    Quote Originally Posted by daycarelady1989 View Post
    how do you register your business in Ontario and ensure no one has the same name you want to use?
    Hi, you should be able to register your business with an accountant. I haven't registered my home daycare, but my husband is also self employed and registered his business with our personal accountant. He was asked to provide 3 names for his business (in order of what name he wanted the most to the least) so that if his first choice was already used by someone else, the accountant had a couple back ups. Our accountant did all the paper work, my husband just had to sign the papers. Pretty simple. So, I would suggest inquiring with an accountant in your area.

  11. #8
    Euphoric !
    Join Date
    Sep 2013
    Posts
    1,670
    Thanked
    629 Times in 475 Posts
    In Manitoba it is just a matter of registering your name with the companies office. All paperwork is online. If your first choice is denied due to being too similar then you just pick something else.

  12. #9
    Quote Originally Posted by lplplp View Post
    Hi, you should be able to register your business with an accountant. I haven't registered my home daycare, but my husband is also self employed and registered his business with our personal accountant. He was asked to provide 3 names for his business (in order of what name he wanted the most to the least) so that if his first choice was already used by someone else, the accountant had a couple back ups. Our accountant did all the paper work, my husband just had to sign the papers. Pretty simple. So, I would suggest inquiring with an accountant in your area.
    Honestly I hope he didn get charged for that. It's just a paper at the registry and that's it.

    The CRA won't know about your "business" until you fill your tax forms, which are actually just "source of income from own business".

    If you really want to register your own business you will have to incorporate, but for a dayhome that wouldn't be worth it.

  13. #10
    Euphoric !
    Join Date
    Sep 2013
    Posts
    1,670
    Thanked
    629 Times in 475 Posts
    It's just a guess but I took it as the accountant just did up the name registration and did not incorporate the business.

    A lawyer can also help with the paperwork although it is very easy and can be done by yourself. But from working in a lawyers office you would be amazed at how many people just get the lawyer to do it (not incorporating just registering business name).

Similar Threads

  1. Registering as a Business!?
    By B_382 in forum Managing a daycare
    Replies: 5
    Last Post: 08-29-2016, 08:47 PM
  2. Maternity Leave Benefits
    By gravy_train in forum Managing a daycare
    Replies: 12
    Last Post: 09-25-2013, 01:45 PM
  3. Registering Daycare as a Business?
    By Fearlessbaby in forum Managing a daycare
    Replies: 12
    Last Post: 04-18-2013, 08:15 AM
  4. Registering your business
    By mayanna in forum Opening a daycare
    Replies: 1
    Last Post: 10-07-2011, 01:15 PM

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?
Current available openings are updated constantly. Come back often to see the newest daycare openings in your neighborhood!
Partner in your
search for a daycare provider