Issuing Tax Receipts

[cate]

CRA requires separate receipts for each child, including siblings. Here's the info directly from the CRA website that you require on your receipts. The link if anyone wants it is http://www.cra-arc.gc.ca/tx/bsnss/tp...rcpts-eng.html

"As someone who runs a home daycare, you will be expected to issue receipts to the parents of the children in your care. You should do this as soon as possible to give them time to file their income tax and benefit returns.

Receipts you issue have to include all of the following information:

the name of the person for whom you are preparing the receipt;
the name of the child of the person for whom you are preparing the receipt;
the amount received for your services;
the period you provided these services (from and to dates);
your name;
your address;
your social insurance number;
your signature; and
the date you signed the receipt.

Note: If a person has more than one child in your care, you have to issue a separate receipt for each child."


As Rachael mentioned above, you don't have to include your SIN if you include a Business Number. I did this in September, its only $60 to register for 5 years, well worth it in my opinion! Plus it gives you the ability to legally use a name for your daycare.