The province will cap fees for new childcare facilities who are part of Child Care Fee Reduction Initiative (CCFRI).
This step, the government said, will help keep new child care spaces affordable for BC families.
To make sure parents continue to benefit from the CCFRI, a fee cap for newly established facilities will help to keep monthly fees in line with those charged by other local providers who are delivering the same type of care.
Prior to this change, a new child care facility could set their initial monthly fees at any level and qualify for the CCFRI.
“Our Childcare BC plan is working to make life more affordable for families, and this latest step builds on the progress we’ve made towards bringing down the costs of child care,” said Katrina Chen, Minister of State for Child Care.
“We’re making sure rates are more affordable for families and fair for all child care providers in the sector, while also supporting our long-term plan to bring universal child care to British Columbia.”
The fee cap will be reviewed annually.
The Province said it will make adjustments, as needed, to reflect changes to the cost of living and operating a business in the region.
The Ministry of Children and Family Development has worked with the Provincial Child Care Council to develop a fair approach to capping fees that keeps new spaces affordable for parents, while also recognizing childcare operating costs differ around the province.