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March 15, 2022
Question

What do i do with home daycare equipment costs and a government daycare grant?

  • March 15, 2022
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    1 reply

    March 15, 2022

    As found in our TurboTax article Filing a Tax Return for Your In-Home Daycare: Your daycare income is the money you receive from your clients, but can also include any grants you receive. However, if you received a grant and made a capital purchase with some of the money, you may not have to claim that portion of the grant as income. 

     

    For more information please see this Canada Revenue Agency (CRA) information:

    Reporting your income

    Capital cost allowance for your daycare

     

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