What should I expect to pay a live out nanny? As a working parent, I understand the tough balance between finding affordable childcare with quality childcare. At Nannies on Call, we find that that the average hourly rate that nannies seek is sitting between $16-25 (Across Canada), with the average being about $20 gross per… Read more »
Paying Taxes as a Contractor. Get Organized Today!
As an on call nanny, you are considered a contractor, so rather than paying taxes throughout the year, you pay your taxes in one lump sum at tax time.
Even though tax season is behind us for this year, if you start getting organized NOW, cutting that cheque to Revenue Canada next spring, will not hurt as much.
Remember that ALL income must be declared!
For today’s nannies, getting ready for tax time can be daunting. Sorting through a mountain of paperwork is a most unwelcome chore to anyone with work commitments and family obligations. Whether you do your taxes personally or simplify your life by using a professional accountant, you must collect, sort and organize the required documents.
The following tips will help ease the stress of tax season.
1. Locate the necessary forms and papers and store them together in a file folder or envelope. Your folder should include:
Generally, Nannies will stay with families as long as they are happy and feel respected. Here are 10 tips to ensure your Nanny starts and ends her day with a smile.
This time of year client often call to ask what type of bonus they should give thier nanny for christmas. Here are a few sugestions to get you started. Feel free to be creative for your family and nanny.
We recommend the following depending on how long the nanny has been with you:
I have a 1 year old daughter. I started work a month ago and I’m leaving my baby with my mom. I want to pay her $400 monthly …she didnt wanto to accept any payment but we agreed on that amount. Does my mom have to count that income for taxes? Can I claim her pay as a childcare expense? Should I hire her as a nanny? Do I have to apply for a business number?
So, here’s the situation: a severe snow storm swoops through for two days, many of the streets are out of the question to travel on and quite a few businesses don’t even open due to the inclement weather. You and your husband, were able to get to work. Your nanny, of about three months now, called to tell you that she attempted to get to your house, to no avail – there were road closures in every direction. The streets were terrible and she would not make it to work, so you quickly call your niece, who lives down the street, and ask her to step in as the nanny for the day.
If you employed a nanny in 2010, their T4 slip is due on February 28, 2011 which is today.
Here are some tips to help you get started if you haven’t done so.
Organize your payroll records and your Statements of Account for Current Source Deductions.
You will need to file a T4 Return for each nanny that you employed in 2001 and you will need to file a T4 Summary Return for yourself as the employer.
This is a topic that is so very subjective; it’s incredibly tough to give the best advice on giving raises to a nanny, because each situation is extremely different. Undoubtedly, if you have the most spectacular nanny in the world, there is no way that you can pay her enough for the tender love and care that she devotes to your children.
Toronto, November 3rd, 2010 – Still looking for your very own SuperNanny? Hold onto your hat, Mary Poppins: Nannies on Call announced a new milestone for their Toronto office today. Extraordinary Nannies – previously only booked for the company’s on call babysitting service – will now be available via Nannies on Call Placements for full-time, live-out positions across the GTA.