Child Care Fee Subsidy Checklist for Self-Employed Applicants
If you are self-employed, you must provide additional documents at each Eligibility Meeting including:
- A completed Declaration of Self-Employment Form (Note: this form will be provided and completed at your Eligibility Meeting)
Sole Proprietorships, Partnerships or Co-operatives must provide:
- The T2125 Statement of Business or Professional Activities as submitted to the Canada Revenue Agency (CRA) with your most recent income tax return or
- If you are newly self-employed and have not submitted a T2125, you will be required to complete a Projected Statement of Business or Professional Activities Income and Expense Statement confirming actual & projected business earnings (Note: this statement will be provided and completed at your Eligibility Meeting)
Corporations must provide:
- The Articles of Incorporation that show the number of partners in the business
- Financial statements as submitted to CRA for the most recent fiscal year or if newly incorporated and financial statements have not been completed, an Income and Expense Statement confirming actual & projected business earnings for the current fiscal period
- Corporate Notice of Assessment for the most recent fiscal year.
What you need to know if you are self employed and applying for a Fee Subsidy:
- The Declaration of Self-Employment Form will be used to determine eligibility for Child Care Fee Subsidy based on the amount of time spent conducting the business.
- The T2125 Statement of Business or Professional Activities, Financial Statements or the Projected Statement of Business or Professional Activities (if newly self-employed or incorporated) will be used to support your declaration of self-employment and financial viability of the business.
- To be eligible for Child Care Fee Subsidy, the business must be generating a minimum monthly gross income equal to minimum wage x 130 hours.
- If your business does not generate the minimum gross monthly requirement, an exception may be made depending on the type of business.
- If you already receive Child Care Fee Subsidy and we determine that your business is not meeting viability, you may be eligible for continued Child Care Fee Subsidy for up to three months while you look for work or register for school.