Comments on: Good Thing I Only Need One Nanny http://www.johnchow.com/good-thing-i-only-need-one-nanny/ The Miscellaneous Ramblings of a Dot Com Mogul Tue, 07 Oct 2008 02:45:03 +0000 http://wordpress.org/?v=2.6.2 By: Michael Fultz http://www.johnchow.com/good-thing-i-only-need-one-nanny/#comment-93255 Michael Fultz Tue, 07 Aug 2007 06:19:59 +0000 http://www.johnchow.com/good-thing-i-only-need-one-nanny/#comment-93255 Well, ' Canada does have a big, big, government, so.. with that comes big, big, taxes.. Well, ‘
Canada does have a big, big, government, so..
with that comes big, big, taxes..

]]> By: BlogaDollar.com http://www.johnchow.com/good-thing-i-only-need-one-nanny/#comment-91774 BlogaDollar.com Wed, 01 Aug 2007 19:09:22 +0000 http://www.johnchow.com/good-thing-i-only-need-one-nanny/#comment-91774 Where Did you get those info? Where Did you get those info?

]]> By: Stay At Home Dad, Geek Style http://www.johnchow.com/good-thing-i-only-need-one-nanny/#comment-91696 Stay At Home Dad, Geek Style Wed, 01 Aug 2007 15:46:32 +0000 http://www.johnchow.com/good-thing-i-only-need-one-nanny/#comment-91696 I was going to sign up for BlueFur, but ended up going with MediaTemple.net. It's totally scalable, on the fly. DevDad I was going to sign up for BlueFur, but ended up going with MediaTemple.net. It’s totally scalable, on the fly.

DevDad

]]> By: Stay At Home Dad, Geek Style http://www.johnchow.com/good-thing-i-only-need-one-nanny/#comment-91675 Stay At Home Dad, Geek Style Wed, 01 Aug 2007 15:02:39 +0000 http://www.johnchow.com/good-thing-i-only-need-one-nanny/#comment-91675 Indirectly, you bet your ass! DevDad Indirectly, you bet your ass!

DevDad

]]> By: Stay At Home Dad, Geek Style http://www.johnchow.com/good-thing-i-only-need-one-nanny/#comment-91672 Stay At Home Dad, Geek Style Wed, 01 Aug 2007 15:01:12 +0000 http://www.johnchow.com/good-thing-i-only-need-one-nanny/#comment-91672 That's so lame. Last year, we spent about 6k on a woman who was running a daycare in house, kinda. She had our daughter and one other baby. Anyway, when it came time to do taxes, we were planning to 1099 her, and she wouldn't give up her social. Still working on it now. DevDad That’s so lame. Last year, we spent about 6k on a woman who was running a daycare in house, kinda. She had our daughter and one other baby. Anyway, when it came time to do taxes, we were planning to 1099 her, and she wouldn’t give up her social. Still working on it now.

DevDad

]]> By: Stay At Home Dad, Geek Style http://www.johnchow.com/good-thing-i-only-need-one-nanny/#comment-91669 Stay At Home Dad, Geek Style Wed, 01 Aug 2007 14:59:18 +0000 http://www.johnchow.com/good-thing-i-only-need-one-nanny/#comment-91669 I like this post John. I just started working from home in order to avoid daycare costs, and to spend more time with my little girl. Kudos sent in the form of a $10 beer. ;) DevDad I like this post John. I just started working from home in order to avoid daycare costs, and to spend more time with my little girl. Kudos sent in the form of a $10 beer. ;)

DevDad

]]> By: Steve's Tech Blog http://www.johnchow.com/good-thing-i-only-need-one-nanny/#comment-91400 Steve's Tech Blog Tue, 31 Jul 2007 20:40:42 +0000 http://www.johnchow.com/good-thing-i-only-need-one-nanny/#comment-91400 Even if we think the gov is dump, they are not that dump and will see the pattern and ask for back taxes. The company must prove the intent on making a profit. Even if we think the gov is dump, they are not that dump and will see the pattern and ask for back taxes. The company must prove the intent on making a profit.

]]> By: Tony http://www.johnchow.com/good-thing-i-only-need-one-nanny/#comment-91398 Tony Tue, 31 Jul 2007 20:34:50 +0000 http://www.johnchow.com/good-thing-i-only-need-one-nanny/#comment-91398 You could run it for 5years close it down and then open a new business. You could run it for 5years close it down and then open a new business.

]]> By: Jack http://www.johnchow.com/good-thing-i-only-need-one-nanny/#comment-91342 Jack Tue, 31 Jul 2007 13:47:14 +0000 http://www.johnchow.com/good-thing-i-only-need-one-nanny/#comment-91342 There really isn't a way around it. You cannot deduct it as a business expense. http://www.cra-arc.gc.ca/E/pbg/tf/t778/t778-06e.pdf There is the form from the CRA, people should read it before we get any more half-baked ideas. There really isn’t a way around it. You cannot deduct it as a business expense.

http://www.cra-arc.gc.ca/E/pbg/tf/t778/t778-06e.pdf

There is the form from the CRA, people should read it before we get any more half-baked ideas.

]]> By: MillionDollarJourney.com http://www.johnchow.com/good-thing-i-only-need-one-nanny/#comment-91332 MillionDollarJourney.com Tue, 31 Jul 2007 10:51:12 +0000 http://www.johnchow.com/good-thing-i-only-need-one-nanny/#comment-91332 John, the 7k that you can deduct is claimed under the <b>lower income spouse</b>. So if Sarah isn't working, then the 7k claim won't amount to very much tax savings. There are other tax benefits of having a child though, there's the spousal amount, Canada child tax benefit, universal child care benefit, and the new $2000 federal tax credit that just started at the beginning of July. For more info, i've explained the details in this article: http://www.milliondollarjourney.com/spousal-amount-uccb-and-cctb.htm John, the 7k that you can deduct is claimed under the lower income spouse. So if Sarah isn’t working, then the 7k claim won’t amount to very much tax savings. There are other tax benefits of having a child though, there’s the spousal amount, Canada child tax benefit, universal child care benefit, and the new $2000 federal tax credit that just started at the beginning of July.

For more info, i’ve explained the details in this article:

http://www.milliondollarjourney.com/spousal-amount-uccb-and-cctb.htm

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