Prime Minister Justin Trudeau outlined the goal of daycare costing an average of $10 per day across the country within the next five years. Prime Minister Trudeau said “Too many families in Canada lack access to affordable, inclusive, and high-quality child care. This is an economic issue as much as it is a social one. Without access to child care, parents – especially women – cannot fully participate in the economy, and the global COVID-19 pandemic has brought these issues to the forefront. As part of our commitment to support a recovery that brings all Canadians along, the Government of Canada wants to ensure that quality and affordable regulated child care spaces are available to all families who need it.”
The rationale behind this initiative is to spur economic growth and social prosperity across the country.
By the end of 2022, this new system would reduce fees for parents with children in regulated child care by 50 per cent on average, everywhere outside of Quebec. While Quebec already has shown leadership through a child care system where prices are affordable, they will still receive their share of the funding to allow for further improvements to their system.
Here is How $10-Per-Day Child Care Impact Canada’s Immigrants
This policy is likely to be a huge win for parents across Canada and perhaps most so for parents facing vulnerable circumstances. Immigrants are among those most likely to benefit the most.
One of the reasons newcomer women may struggle to integrate economically and socially in Canada is a lack of affordable daycare options.
In the absence of affordable options, newcomer women may be forced to stay at home to look after their kids. This hinders their ability to pursue their Canadian careers in earnest as well as build the social networks which are also vital to feeling at home in Canada.
Hence, it is highly probable that the rollout of the $10-per-day child care program will enable more immigrant women to pursue their careers. This would improve the purchasing power of immigrant families since they can expect more income to come in while seeing their daycare costs decrease.
Another likely major benefit is better educational and social outcomes for newcomer children since they will have access to additional learning opportunities and opportunities to make new friends.
Moreover, the Budget cited a TD Economics study which found each $1 investment in early childhood education results in a return to the broader economy of between $1.50 and $2.80.
Such findings should provide newcomers and parents across Canada with significant reasons for optimism.