Changes in childcare rates according to net family income will come into force on April 22, 2015. The $7.30 per day rate for families with incomes under $50 000 will remain unchanged. The rate will rise to $8 per day on incomes of $50 000 or more. On incomes of $75 000 or more, the daily rate will gradually increase to reach $20.00 per day on incomes of roughly $155 000.
The basic rate of $7.30 will be payable directly to the subsidized childcare provider and the additional contribution according to family income will be payable on the income tax return.
For example, a couple with equal work incomes totalling $100 000 will pay $11.41 per day for childcare. They will pay $7.30 per day to the daycare centre and the additional contribution of $4.11 when they file their income tax return.
To determine the net daily cost of childcare expenses depending on your situation, family income and gross childcare expenses, please use the calculator below.
The calculators enable you to estimate the assistance to which you may be entitled, and your additional contribution for childcare expenses. These calculations are based on certain assumptions intended to reflect the most common situations. The calculations are meant to provide only an estimate. The exact amounts will be determined when you file your income tax return, on the basis of the characteristics specific to each of the measures and according to the specific situation of your household.