http://affaires.lapresse.ca/201204/13/01-4514921-les-garderies-a-7-sont-rentables-pour-le-quebec.php
Title reads : 7$/day daycare is profitable for the province
-The program doesn't cost anything to the province
-A study from Sherbrooke university demonstrated that the program was profitable
-70 000 women went back to work
-Employment rate increased by 5%
-Quebec got back an additional 2.4 Billion and the program costs 1.6 billion
-return on investment : 147%
-between 1998-2008, increased from 16% to 43% for children going to daycare between 0-5 years old while Ontario other provinces the rate is around 20%
-An OECD study demonstrated that the biggest obstacle for women employment rate is the cost of daycare. If you reduce the cost, they will go back to work.
-Quebec's Employment rate for women between 15-64 years old between 1996-2011 increased from 63% to 75%
-The rate of single mothers on welfare during that same period dropped by half from 99000 to 45000
-The poverty rate of single mother's households dropped from 36% to 22% while their revenue increased by 81% which as a side effect got their children out of poverty
-General employment rate increased by 1.8%
-Quebec GDP increased by 5.1 billion $
-Governments were able to get more income taxes and reduce the spending in social programs and welfare programs
-For every 100$ Quebec invested in the program, the Province got 104$ and Ottawa got a 43$ gift
Yes, we should have something like this in Ontario and yes it worth subsidizing