Beginning in December, parents in British Columbia will save as much as an additional $550 per month for each child they have in participating licensed child care centres.
Beginning in December, parents in British Columbia will save as much as an additional $550 per month for each child they have in participating licensed child care centres.
The Province is directly funding licensed child care centres so families will not need to apply for these savings.
This funding will lower fees for children, kindergarten-aged and younger. These additional savings, which build on earlier fee cuts introduced as part of the Province's $2.7-billion investment in ChildCareBC since 2018, are being funded through the five-year, $3.2-billion Canada-British Columbia Canada-wide Early Learning and Child Care Agreement.
As part of this fee cut, the Province is taking action to better support child care providers.
Payments to providers will be increased by 100% or more.
These payments are designed to help ensure providers can continue providing quality care for children, help them fight rising costs and reduce the need to pass on these costs to families.
These monthly fee cuts mean that parents will be saving as much as $6,600 more a year for each child in licensed care at facilities participating in the Child Care Fee Reduction Initiative, depending on their children's ages and the type of care they are receiving.
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