Philotimo Wealth Management

Ontario parents and daycare operators confused about when fees will drop.

Click the link above to read the full article.

The author of this article is Dave McGinn, a reporter for the Globe and Mail. His profile can be found here.

If you have children in daycare, or going to daycare, you are likely following this story already. If you are not, give it a read. Hopefully things can get settled quickly so parents and daycare operators can gain some more certainty of the costs.

Ontario parents who are hoping to see their daycare fees drop in May, as the province said they would, might have to wait until the fall to realize any savings

As things stand, centres are waiting to see details of what participation in the program will require. The good news for parents is that the province has promised that rebates will be retroactive to April 1, meaning the savings are coming – it’s just a question of when.

“Until that comes out and operators can kind of understand how their municipalities are going to administer these funds, nobody can really sign up until that happens,” she says. “Everyone is in wait-and-see mode.”

The article linked and mentioned above was posted on April 30, 2022 and written by Dave McGinn, a reporter for the Globe and Mail.

This article was prepared by CJ Stevens and Jerry Kallitsis who are both mutual fund representatives with Investia Financial Services Inc. This is not an official publication of Investia Financial Services Inc. The views expressed in this article are those of the author alone, and are not necessarily those of Investia Financial Services Inc. The content is for informational purposes only, you should not construe any such information as legal, tax, investment, financial or other advice. All content on this site is information of a general nature and does not address the circumstances of any particular individual or entity.