FOR IMMEDIATE RELEASE: April 26, 2019
Helping families with Child Care expenses through the new Childcare Access and Relief from Expenses (CARE) tax credit and other Initiatives
BRANTFORD — Ontario’s government is investing $1.7 billion in 2019–20 to help families’ access child care and early years programs. The government is proposing a new Childcare Access and Relief from Expenses (CARE) tax credit with an estimated annual cost of $390 million.
“Our government understands that child care is an essential support for families so they can earn a living.” MPP Bouma said. “The new tax credit would provide up to 75 per cent of eligible child care expenses so that families can go to work, run a business, or study to acquire new skills.”
The CARE tax credit would ensure working families keep more of their hard‐earned money and enable them to choose the kind of care that is best for their children. The CARE tax credit would be one of the most flexible child care initiatives ever introduced in Ontario. This proposed refundable tax credit for child care costs would provide up to $6,000 per child under the age of seven, up to $3,750 per child between the ages of seven and 16, and up to $8,250 per child with a severe disability.
Ontario will also commit up to $1.0 billion over the next five years to create up to 30,000 child care spaces in schools, including approximately 10,000 spaces in new schools. These school‐based child care settings will provide safe learning environments for children and offer them the opportunity to grow in a familiar environment.
“Parents in Brantford-Brant have told me that they want freedom in choosing the best child care options for them. That’s why I’m excited about these initiatives.” Bouma stated.
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For more information, contact MPP Will Bouma at 519-759-0361 or will.bouma@pc.ola.org