Some families are starting to see relief from monthly rates but with less than three years to go before the 2026 target for those regulated fees, access to the low rate remains uneven
More than two years after the federal budget laid out a goal of universal, $10-a-day child care, some families are starting to see relief from monthly rates that have been described as a second mortgage payment.
“Some parents have got the $10, and lucky them,” said Marni Flaherty, interim chief executive of the Canadian Child Care Federation, an Ottawa-based advocacy group. “It was almost like a lottery.” Gilleen Pearce runs a Hamilton-based information technology business with her partner. To save money, they had opted to place their three-year-old in part-time care.
In Alberta, where daycare costs have been reduced by about half, chartered professional accountant Janine Rogan said many families are using the savings to pay for other bills that have increased with inflation, including energy bills that in July were upMs. Rogan – CEO of the Wealth Building Academy, which teaches women how to invest – said she’s also seeing people use their daycare savings to save for a lump-sum payment on their mortgage renewal.
Winnipeg-based financial planner Olayinka Brimoh said the savings came at a time of financial strain for many families struggling with interest-rate hikes and inflation, but noted that for the lowest-income families, $10 a day remains expensive, particularly if they have multiple children. Elaine Levy, vice-president of child care and family services at WoodGreen Community Services, which operates several daycares in east-end Toronto, said families accustomed to $10-a-day will feel sticker shock when their kids get to grade school.
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