Provincial government's changes to child care funding will cost Toronto $84.8 million and put more than 6,000 subsidized daycare spaces into question, city official says
A memo, obtained by CP24, was emailed by city manager Chris Murray to Mayor John Tory and Toronto’s 25 city councillors on Thursday. In the memo, Murray informed city officials of the results after crunching numbers pertaining to recent changes to provincial funding for child care and the new provincial child-care tax credit.
Murray estimated these losses based on the provincial government’s new child-care tax credit, dubbed Ontario Childcare Access and Relief from Expenses , and an annual update from Children’s Services that stated funding allocations. CARE, which was introduced in the 2019 Ontario budget, provides families, on a sliding scale, with incomes of up to $150,000 up to 75 per cent of their eligible child care expenses.
“In general, the CARE tax credit is of less benefit to families when compared to a child care fee subsidy, and middle and lower-income families are most affected by the change in different approaches.” “In an attempt to protect child care funding for future generations, our government is looking at ways to better deliver services and reduce administrative costs.”
“There is no need for a single child care space to be lost as a result of a five per cent administrative change.”
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