The real parent trap: daycare costs

Oct 24, 2013

The Globe and Mail 

Rob Carrick speaks on the financial pressures of juggling the cost of housing and the cost of children. Rob says "daycare is the hidden menace, financially. It’s amazing that such a massive cost gets so little mention outside gatherings of cash-poor parents".

"A study by the Organization for Economic Co-operation and Development indicates that upper-income Canadian families with two working parents pay the equivalent of 18 per cent of their net income, on average, for daycare. In a separate study, monthly average costs for infants range from $1,152 in Ontario to $631 in Manitoba. Quebec, the outlier, averages $152."

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