She has also proposed using tax credits to
keep child care costs under 10 percent of earned income for every family.
The best strategy for
keeping child care costs manageable is to plan early, says Janet Gray, an Ottawa - based Money Coach and certified financial planner.
Not exact matches
This includes obligations to
keep co-parents informed about a
child's basic wellbeing, and to assist with providing housing, schooling, medical
care and other
costs.
Statistics Canada has identified the high
cost of
child care, low availability of regulated childcare spaces and lack of elder
care in urban centres such as Metro Vancouver as factors
keeping some women from full participation in the job market.
While the new daycare regulations aim to reduce the ratio from 3 staff to every 10
children to 3 staff to every 9
children, which helps address the challenges with different age groups in the same room, many
child care providers say it is simply not
cost effective to
keep infant (less than 1 year) rooms open at all.
If the family had not done so, the
costs of
keeping the
child in
care, whether in traditional foster
care or an institutional setting, would be significantly greater.
[iv] The
costs of burdensome regulations are passed onto families, who typically pay over 30 percent of their income on
child care, and
keep children from receiving the
care they need.
High
child care and grocery
costs keep it from being the best.
Some states offer higher incomes, whereas others
keep key
costs like food, housing and
child care low.