When inflation rises, child care expenses do, too. If you’re a parent, you may be hoping to get a little financial relief during the upcoming tax season through deductions or credits. But since there have been recent reductions to both of the child tax credits, you may not get as much back as you anticipated….
Cheaper Childcare Bill Passes Australian Senate Amid Severe Worker Shortages
Over a million Australian families will receive a childcare subsidy from July 2023 as a multi-billion dollar bill has passed the Senate on Nov. 22. However, an acute shortage of workers is threatening to hinder the new policy. In September, the Labor government introduced the Cheaper Child Care bill to the Australian parliament to implement…
Hong Kong’s Child Raising Costs Nearly 70 Percent of Median Household Income: Survey
July 31, 2022
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Hong Kong’s total population saw negative growth in 2021, with data showing the declining birth rate being a top reason. A recent survey found that the average cost of raising a child in Hong Kong accounts for nearly 70 percent of the city’s median household income. According to its Census and Statistics Department (CSD), Hong…
UK Cost-of-Living Crisis: Johnson Hints at Childcare Support But No New Money
Parents could receive further childcare support, Boris Johnson has hinted, as he seeks cost-free measures to alleviate the cost-of-living crisis. Downing Street said the Prime Minister would sign off on new support when he chaired a “domestic and economic strategy committee” in the “coming weeks”. But No 10 suggested no new money would be provided…
Ontario Signs On to Federal Child Care Plan, Parents to Get Rebates in May
The Ontario government has signed a $13.2 billion deal with the federal government to cut child care fees by half before the year’s end and give parents with kids aged five and under a rebate starting in May. Premier Doug Ford and Prime Minister Justin Trudeau announced the agreement in a joint press conference on March…
Labor Looks to Change Traditional School Hours in South Australia if Elected
South Australian Labor Leader Peter Malinauskas has vowed to change the structure of the traditional school day if he is elected Premier in March. In a media release on Monday, Malinauskas said that the 9 a.m.– 3 p.m. school day is a legacy of the past and incompatible with many parents’ modern working hours. “I am…
$500 Before and After School Care Vouchers for NSW Primary School Students
Australian parents and carers of primary school students who use before and after school care (BASC) services in the state of New South Wales (NSW) will be able to redeem a $500 voucher that will cover the gap fees. Premier Dominic Perrottet said BASC services were incredibly important as families returned to work and students…
Hundreds of Childcare Centers Close Crippled by Omicron Wave
Devastated by the Omicron outbreak, hundreds of Australia’s childcare centres are being forced to close as the struggling sector pleads for more financial support. The Australian Children’s Education & Care Quality Authority, the federal authority that monitors the sector, revealed that up to 286 centres shut their doors temporarily on Thursday due to a health…
NTD Business Full Broadcast (Sept. 22)
The federal reserve chair didn’t give a timeline at his speech on Wednesday for when to reduce its monetary stimulus, even though many say it’s fueling the price increases. The child care industry is experiencing a crisis. Workers are quitting and children need to get on wait lists for pre-school, with the treasury department calling…
O’Toole Upholds Childcare Plan, Trudeau Focuses on Climate on Campaign Trail
With less than a week to go before election day, Conservative Leader Erin O’Toole touted a new childcare policy, while Liberal Leader Justin Trudeau placed emphasis on climate change during campaign stops on Sept. 14. O’Toole promoted his party’s childcare policy at a press conference in Russell, Ont., after announcing Sept. 13 that the Conservatives will…
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