Universal child care would generate up to $29 billion a year in tax revenues, new report says - News Summed Up

Universal child care would generate up to $29 billion a year in tax revenues, new report says


A cross-Canada, universal child-care system would generate $17 billion to $29 billion in annual government revenues and easily pay for itself in the long run, according to a new report. The report suggests that building an affordable, national child-care program is Canada’s best path toward a post-pandemic economic recovery. Using Norway’s universal child-care system as a template, Stanford assumes Canada’s system will provide enough spaces for 92 per cent of all Canadian children from the ages of one to five. “We understand that without a substantial investment in child care we face the prospect of a gender-regressive recovery,” Bezanson said in an interview. Ravanera, who co-authored a separate report for YWCA Canada on a feminist economic recovery plan, said we should look at universal child care as a long-term investment, rather than simply an expense.


Source: thestar November 25, 2020 11:02 UTC



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