Quebec’s universal seven dollar a day child care program more than pays for itself, according to a recent study by one of Quebec’s top economists.
The study, undertaken by Pierre Fortin and two colleagues from the Université de Sherbrooke, determined that for every dollar Quebec spends on child care programs, $1.05 is returned in the form of higher tax revenues and lower spending for the provincial government, with an additional 44 cent benefit returned to the federal government.
Mr. Fortin’s study joins a growing body of research demonstrating the long-term economic benefits to society of publicly funded child care programs, including a study recently reported on by CUPE, which showed that government investment in quality child care and early learning contributed to significant short-term job creation and economic stimulus.
Another study, done in 2012 by TD Economics, went further by recommending that public spending on child care become a top priority. It concluded that the widespread and long-lasting economic, social, and health benefits for children and society far outweighed the costs. It also noted that Canada is last among its peer countries on public spending on child care.
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