Can anyone tell me how the income tax thing works for daycare.

**sandylynn** · 01-14-2015 10:02 AM

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?

**bright sparks** · 01-14-2015 10:16 AM

Originally Posted by sandylynn

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?

Thread: Can anyone tell me how the income tax thing works for daycare.

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