Tuesday, September 27, 2022

Affordable Childcare

Childcare is one of the biggest bills many families face each month, and with global inflation driving up the cost of living, things are especially tough for families right now. That's why, with support from the federal government, we're making childcare more affordable by giving money directly to service providers and saving families up to $550 per child per month. 

Starting in December, more funding will go directly to participating licensed childcare centres to give parents and guardians of children who are kindergarten age or younger a break by putting money back in their pockets through reduced fees. Since the money is going directly to service providers, families will not need to apply for these savings. This announcement is building on further reduced fees as a part of the province’s $2.7-billion investment in ChildCareBC since 2018, and is being funded through the five-year, $3.2-billion Canada-British Columbia Canada-wide Early Learning and Child Care Agreement. When combined with past reductions at participating centres, that means that families could save up to $10,800 per year for each child. Learn more here.

Affordable childcare is a key priority for our government because we know that when childcare is accessible, parents can succeed. Funding like this allows more parents, especially women or other people from marginalized genders, to pursue work, school, or passions outside of caregiving and to contribute to British Columbia's economy. When all British Columbian's have the opportunity to pursue their dreams, we are at our best.