"Canada’s Conservatives will convert the Child Care Expense Deduction into a refundable tax credit covering up to 75% of the cost of child care for lower income families. This will massively increase the support that lower income families receive and provide more assistance to almost all families. We will also pay out the deduction over the course of the year so that families do not have to pay the cost of child care and then get the money back later"
"OUR CHILD CARE PLAN UNDER OUR PLAN, ALL FAMILIES WITH INCOME UNDER $150,000 WILL BE BETTER OFF, WITH THE MOST SIGNIFICANT BENEFIT GOING TO FAMILIES WITH INCOME UNDER $50,000. THE BIGGEST BOOST WILL BE TO LOW AND MIDDLE-INCOME FAMILIES - MAKING CHILD CARE SIGNIFICANTLY MORE AFFORDABLE. FOR EXAMPLE,
• A FAMILY WITH AN INCOME OF $30,000 CAN TODAY CLAIM A MAXIMUM OF $1,200. UNDER OUR PLAN THEY WILL RECEIVE UP TO $6,000.
• A FAMILY WITH AN INCOME OF $50,000 CAN TODAY CLAIM A MAXIMUM OF $1,200. UNDER OUR PLAN THEY WILL RECEIVE UP TO $5,200.
• A FAMILY WITH AN INCOME OF $80,000 CAN TODAY CLAIM A MAXIMUM OF $1,200. UNDER OUR PLAN THEY WILL RECEIVE UP TO $4,800.
• A FAMILY WITH AN INCOME OF $120,000 CAN TODAY CLAIM A MAXIMUM OF $1,640. UNDER OUR PLAN THEY WILL RECEIVE UP TO $4,560"
Sorry for the all caps, copy pasted from the CPC platform.
So when childcare can cost upwards of 1500-2000 a month, 18000-24000 a year, I do not see how it this will cover 75 percent.
And 75 percent of 24000 is still 6000, or half what the LPC is offering to cover. The LPC plan would cost families around 200 per month per child, this would cost 400-500 per month for childcare, and I am unaware is this tax credit is for all kids that someone would have in daycare. If it is, then for each kid a person needs to put into daycare, the less this plan would do for them.
If childcare is what people are voting on, I don't see this CPC plan as the one people will go for.