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Child care fees are a major theme in #Elxn44. There are two dueling plans: a system of refundable tax credits vs. reaching $10/day. Which plan saves more?
In most Canadian cities, the $10/day plan provides more savings in 2022 than tax credits.
A #FactCheckFridays thread. 1/9
In most Canadian cities, the $10/day plan provides more savings in 2022 than tax credits.
A #FactCheckFridays thread. 1/9
The CPC is promising a refundable tax credit of up to $6k to reimburse parents for a portion of fee costs and to end the Child Care Expense Deduction.
The LPC/NDP want $10/day fees across Canada by 2026; LPC plans to cut fees by 50% by 2022, via deals with the provinces. 2/9
The LPC/NDP want $10/day fees across Canada by 2026; LPC plans to cut fees by 50% by 2022, via deals with the provinces. 2/9
Other parties haven’t offered much yet, so we’ll focus on the two options above.
I’m using a StatCan tax model to analyze the CPC plan. I’ve included the tax refund, ending the federal CCED and likely changes to relevant prov. credits in ON, QC and N.L. 3/9
I’m using a StatCan tax model to analyze the CPC plan. I’ve included the tax refund, ending the federal CCED and likely changes to relevant prov. credits in ON, QC and N.L. 3/9
