The Government of Canada has made affordable child care a priority for the 2021 budget.
In order to help give the economy a boost in its recovery from the pandemic, the federal government is working to ensure that quality and affordable regulated child care spaces are available to all families who need it.
The Liberal Government’s goal with this initiative is to reduce the cost of child care to just $10 per day within the next five years.
In order to achieve this, the Government is investing $30 billion over the next five years, with a minimum of $9.2 billion per year ongoing.
Additionally, by the end of 2022, this new system would reduce fees for parents with children in regulated child care by an average of 50 per cent.
“Without child care, Canadian parents can’t work. Today’s announcement is as much about meeting their needs as it is about setting our children up for success for generations to come. Investing in early child learning and establishing Canada-wide child care will make life more affordable for families, create jobs, strengthen our economy, get women back into the workforce, and grow the middle class. We will get it done,” Prime Minister Justin Trudeau said in a news release.
“COVID-19 has brutally exposed something women have long known: Without child care, parents – usually mothers – can’t work. The closing of our schools and child care drove women’s participation in the labour force down to its lowest level in more than two decades. There is agreement, across the political spectrum, that early learning and child care is the national economic policy we need now. This is social infrastructure that will drive jobs and growth. This is feminist economic policy. This is smart economic policy,” Chrystia Freeland, Minister of Finance, said in the same release.