Liberals can afford to spend $8-billion a year on daycare program: IMF

|“Canada succeeds when women and girls are given opportunities to succeed.”

International Monetary Fund researchers say the federal government can afford to spend $8-billion annually to reduce the cost of child care spaces nationwide because the program would pay for itself.

The proposal is more than 10 times what the Liberals have promised to spend annually over the next decade on child care.

The IMF predicts the cash would bring down the national average for child care fees by about 40 per cent, a figure expected to be high enough that it could entice more women into the workforce and drive greater economic growth.

By the organization’s estimates, there are about 150,000 highly-educated women who are stay-at-home parents.

If they all entered the workforce and started paying taxes, the IMF says, they would boost economic growth by two percentage points, equal to about $8-billion more in federal income tax revenue – enough to cover the cost of the program.

But the IMF adds a caveat to the proposal: It should be conditional on employment so that highly-educated mothers are prodded into the workforce.

 

Nora Spinks, CEO, Vanier Institute of the Family, speaks on the IMF's calls for Canada to spend more on child care.This is the full CBC 9 minute interview and her comments on the breadth of the problem are worth every second of watching. Watch the video here

News and thoughts

Thursday, August 3, 2017 - 11:09

|“Canada succeeds when women and girls are given opportunities to succeed.”

International Monetary Fund researchers say the federal government can afford to spend $8-billion annually to reduce the cost of child care spaces nationwide because the program would pay for itself.

The proposal is more than 10 times what the Liberals have promised to spend annually over the next decade on child care.

The IMF predicts the cash would... Read more

Wednesday, August 2, 2017 - 15:04

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Tuesday, August 1, 2017 - 16:10

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Tuesday, August 1, 2017 - 15:55

|"Canadian youth have the talent and drive to succeed in the labour market", says the Honourable Jim Carr, Minister of Natural Resources Canada.

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Saturday, July 15, 2017 - 20:35

Cybermentor is an online mentorship program developed by the University of Calgary that connects young girls across Alberta with a carefully chosen mentor in a STEM field. This program recently won the Women in Engineering Initiative Award! Visit the following link to learn more about the program and how you can get involved http://cybermentor.ca/how-it-works 

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