Childcare costs will start to drop in January

Both the operating grants and the grants will go to the provider who will then reduce the costs to the parents. The grant is in addition to the operating grant to ensure that parents who need it most benefit more.

The news is welcomed by parents across the province struggling with the high cost of child care. Mylissa Scutchings says, “I can use the money I would have spent on child care in a number of ways, like saving for my children’s future.

A table with the distribution of subsidies for authorized places in day care centers and nursery schools can be found at the bottom of this article. The government is working with family homes and day care agencies to finalize the grants and subsidies, but they are also expected to be rolled out in mid-January.

Here are some examples of how the grant and operating grants work.

For example, a family earning $ 75,000 per year with a toddler attending a daycare program would be eligible for a full grant. If the current fee is $ 1,000 per month, the daycare program will receive $ 510 per month in operating grant and the family would be eligible for $ 266 per month. The remaining parental portion will be $ 224 per month or approximately $ 10 per day.

A family earning $ 130,000 per year with a baby attending a daycare program would be eligible for a partial subsidy. If the current fee is $ 1,200 per month, the program will receive $ 635 per month in operating grant and the family would be eligible for $ 226 per month in grant. The remaining parental portion is $ 339 per month or $ 15.60 per day.

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