Day care in your home
If you run a day-care business in your home, you may be able to deduct business expenses from the income you report on your income tax return.
If you are thinking of setting up a day care in your home, you should also know the municipal, provincial, territorial, and federal laws and regulations.
Topics for Day care in your home
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Self-employed
How to determine if you are an employee or self-employed |
Keeping records
How to keep your books and records |
Issuing receipts
When and how you should issue receipts |
Income
Reporting your income. Determining your fiscal period. Using the accrual method of accounting |
Expenses
What expenses you can deduct and how you can deduct them |
Hiring employees
What to do if you hire an employee |
Tax payments
As a self-employed person, you may have to pay your income tax by instalments |
Forms and publications
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