Quote:
Originally Posted by DJones
Take your funding budget, take the amount of eligible kids. That's how much each kid should get. If its not enough, scale it to income.
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It's not $10/day vs. full unsubsidized rates. Any daycare in the province that opts into the Fee Reduction Initiative receives $500-900/month per spot to offset fees and then any family earning under $111K gets further direct subsidies.
So if a daycare charges $1.5K/month for a 0-18 month spot, the parents would pay about $600/month after the Fee Reduction Initiative. But with the direct subsidy, any family earning under about $90K would pay $0, so low income families are already heavily subsidized. The $10/day thing is separate, and ultimately not a great program. It has the same weakness as Alberta's system where millionaires have their childcare rates subsidized by the same amount as a single parent earning $40K/year.