05/15/2024 | Press release | Distributed by Public on 05/15/2024 16:57
Every child deserves the best start in life. But for young families, including Millennial and Gen Z parents, the costs of child care can add up to a second rent or mortgage payment. This makes it harder to start and support a family, and as a result, parents-especially moms-often face impossible choices between their careers and child care fees.
May 15, 2024 Charlottetown, Prince Edward Island Employment and Social Development Canada
Every child deserves the best start in life. But for young families, including Millennial and Gen Z parents, the costs of child care can add up to a second rent or mortgage payment. This makes it harder to start and support a family, and as a result, parents-especially moms-often face impossible choices between their careers and child care fees.
Fairness for every generation means ensuring parents, especially moms, do not have to choose between a career and starting a family. The Government is taking action to make life cost less for young families and to build a Canada where every generation can get ahead.
Already, all provinces and territories are offering or are on track to offer $10-a-day regulated child care. This progress, made possible by nearly $40 billion in federal support since 2016, including the transformative investment of nearly $30 billion in Budget 2021, is making life more affordable for young families. Women's labour force participation is now at a record high of 85.7%, meaning more families are bringing home more income and contributing to Canada's economic growth, while saving thousands of dollars on child care every year.
But more families need access to affordable child care.
That's why, today in Charlottetown, the Honourable Lawrence MacAulay, Minister of Agriculture and Agri-food, on behalf of the Honourable Jenna Sudds, Minister of Families, Children and Social Development, joined the Honourable Natalie Jameson, Prince Edward Island's Minister of Education and Early Years, to announce $10.1 million over four years to help build more inclusive child care spaces across the province through the Government of Canada's $625 million Early Learning and Child Care Infrastructure Fund. This investment will further help Prince Edward Island, which has already exceeded the shared goal of building 452 new child care spaces by 2026.
Through this Fund, all provinces and territories will be able to make further investments in child care, so more families can save up to $14,300 on child care every year, per child.
These investments will aim to support families in rural and remote communities, as well as families in communities that face barriers to access, such as racialized groups, Indigenous Peoples, newcomers, official language minority communities, and children, parents and employees with disabilities. Funding may also be used to support infrastructure to provide care during non-standard hours.
Across the country, over 750,000 kids are already benefiting from affordable, high-quality child care, with some families saving up to $14,300 per child, per year. Alongside provinces and territories, the Government of Canada has also announced over 100,000 new spaces, well on the way to reaching the goal of creating 250,000 new spaces by March 2026.
Investing in affordable child care is about helping more families save thousands of dollars on child care and ensuring that every child has the best start in life. The measures highlighted above complement what the Government of Canada is doing in Budget 2024 to build a fairer Canada for every generation. The Government is building more homes, strengthening public health care, making life cost less, and growing the economy in a way that is shared by all-to make sure every generation has a fair chance at building a good middle-class life.
"Young families who don't yet have access to affordable child care spaces are paying as much as a second rent or mortgage payment for unregulated child care. This is unfair to today's generation of parents, especially Millennial and Gen Z parents, who need and deserve the relief of $10-a-day child care. We are working with provinces and territories to build more spaces across the country, so that more families can access affordable child care and save thousands of dollars every year."
- The Honourable Chrystia Freeland, Deputy Prime Minister and Minister of Finance
"Every family should have access to high-quality, inclusive child care. More child care spaces mean more high-quality spots for kids, and more relief for parents as they access affordable child care. The Government of Canada remains committed to working with Prince Edward Island so children in Canada have the best possible start in life. The Early Learning and Child Care Infrastructure Fund will help child care providers across the province so they can continue to provide access to high-quality, affordable, flexible and inclusive early learning and child care to underserved communities."
- The Honourable Jenna Sudds, Minister of Families, Children and Social Development
"This new agreement will help create even more child care spaces in communities right across the Island, so that every child who needs a spot, has one. We made $10-a-day child care a reality for Island families - two years ahead of schedule - and by strengthening this program, we're making sure our kids have the very best start in life while saving parents thousands of dollars every year."
- The Honourable Lawrence MacAulay, Minister of Agriculture and Agri-food
"At a time when many Island families are facing challenges, it's essential that all levels of government work together to increase access and affordability for child care. Investing in child care infrastructure is a cornerstone of this commitment, vital for both supporting parents and early childhood educators. Expanding child care spaces not only empowers parents to pursue their careers but also ensures that children have access to high quality early learning. By prioritizing these initiatives, we build stronger communities and a brighter future for all."
- The Honourable Natalie Jameson, Prince Edward Island's Minister of Education and Early Years
As part of Budget 2021, the Government of Canada made a transformative investment of more than $27 billion over five years to build a Canada-wide early learning and child care system with provinces, territories and Indigenous partners.
Combined with investments since 2016, including investments in Indigenous early learning and child care, the federal government has announced investments of nearly $40 billion in early learning and child care.
To date, eight provinces and territories are delivering regulated child care for an average of $10-a-day or less, including Quebec and the Yukon, which achieved this prior to the Canada-wide system. In all other provinces and territories, fees for regulated child care have been reduced by at least 50% on average. Provinces and territories are working toward lowering fees for regulated child care to $10-a-day on average by March 2026.
As part of the Canada-wide early learning and child care system, the Government of Canada is working with provinces and territories to create 250,000 new child care spaces across the country by March 2026 to increase access to affordable child care options for families, no matter where they live.
To give every child the best start in life, the federal government is also:
For media enquiries, please contact:
Geneviève Lemaire
Press Secretary
Office of the Minister of Families, Children and Social Development
[email protected]
Media Relations Office
Employment and Social Development Canada
819-994-5559
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