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Giving parents money directly the best approach to financing childcare

Friday, September 20th, 2019

The financial hurdle for a parent considering the merits of working versus staying at home to care for young children can be extremely high… decentralizing the provision of child care by giving money directly to parents provides the advantages of competitive consumer markets: greater choices, innovation in staffing, various facility types, and more flexible hours and modes of care.

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Is giving parents money directly the best approach to child-care funding?

Tuesday, September 10th, 2019

… decentralizing the provision of child care by giving money directly to parents provides the advantages of competitive consumer markets: greater choices, innovation in staffing, various facility types, and more flexible hours and modes of care. // … giving money to parents won’t create more safe, high quality licensed child care… [which] most parents would choose if it was better funded to make it more available, affordable and designed to meet their needs.

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Thumbs up for Ontario’s new Childcare Plan

Friday, April 19th, 2019

The new Ontario Childcare Access and Relief from Expenses (CARE) tax credit, initially estimated to cost around $400 million, will incentivize thousands of stay-at-home parents (mostly mothers) to join the workforce, generating additional taxable employment income and boosting tax revenues in the long run. The credit is targeted, mostly, at low- to modest-income families, where gaps from the current childcare expense tax deduction are the greatest… The CARE refundable tax credit will fill this gap, refunding up to 75 percent of the cost.

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Ottawa Wins from Ontario’s Proposed Childcare Rebate

Saturday, January 19th, 2019

The newly elected government in Ontario pledged in its electoral platform to implement a childcare rebate program, which would reimburse up to 75 percent of the childcare expenses of low-income families, with the childcare subsidy rate gradually declining as family income grows… Over the first few years, we expect about 60,000 stay-at-home mothers to enter the workforce.

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What level of ‘pensions’ do Canadians really want?

Friday, March 19th, 2010

March 19, 2010
Canadians — employers, employees and the self-employed — need both adequate information and, most importantly, appropriate vehicles to provide efficient risk-adjusted management of their savings both during working years and in retirement… if Canadians want high incomes and consumption in their retirement years, they will have to save more of their incomes and forgo more consumption during their earning years.

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