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New Member
posted Mar 14, 2022 7:05:47 PM

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

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Level 3
Mar 15, 2022 10:05:56 AM

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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