To determine how much to pay your children:

Add up all the hard costs, school, lessons, clothes, books, allowance, etc.

Determin how many hours per year your child can work for you.

Divide the hours into the Amount.

Make sure the amount is within industry norms for that kind of work.

Keep detailed records of tasks assigned, reviewed and approved for payment.

Keep track of all cheques, and if paying by cash, keep the receipt for cash payments.

Make sure the work relates to your business and record it accordingly in your BKS under “Cost of Labour.”