CBC News reported on Sunday, based on government sources, that the province and the federal government had reached an agreement after months of negotiations. Prime Minister Justin Trindade and Prime Minister Doug Ford appear together Monday morning to formally announce the deal at a childcare center in Brampton, OD. The Ontario agreement is the latest to meet Trinto’s commitment to reduce childcare fees by an average of $ 10 a day in each province and region by the end of 2026. The government hopes to implement childcare at $ 10 a day, though that figure is not expected to happen until September 2025. Trinto said the new program would save an average of $ 6,000 per child, “real money for families” at a time when a range of household expenses is rising. He also described the agreement as a “historic moment” now that all provinces and regions have signed childcare agreements. “Childcare is becoming a reality for all Canadians,” he said. In the meantime, parents can expect their pay to be reduced by about 25 percent. See what happens in the coming months:
From April 1, 2022, families with children five years of age and older in licensed childcare centers participating will have their fees reduced by up to 25 percent to at least $ 12 per day. Parental discounts, with retroactive effect until April 1, will begin in May. In December 2022, the fees will be further reduced to about 50 percent on average.
The agreement outlines a plan to further reduce interest rates in the coming years. See what the long-term perspective includes:
