Mr. Speaker, I will be sharing my time with my esteemed colleague from York region, the hon. member for Aurora—Oak Ridges—Richmond Hill.
It is great to return to Ottawa after several weeks in our constituencies where all my colleagues heard issues and concerns from our residents and to ensure their voices were heard here.
I do wish to give a quick shout-out to the residents of my riding, Vaughan—Woodbridge, and that the new year is proving to be a healthy, productive and prosperous one for them in all tangents.
It is a pleasure to rise this morning to speak to legislation that reflects the core values of our government in building a more inclusive Canada; a Canada where Canadians know that their government has their backs; a Canada that gives the best start for our children from coast to coast to coast; and a Canada we know we want, one that is a leader in the rights of children and their families.
Bill C-35 is important legislation as it would establish an act respecting early learning and child care. Affordable and inclusive early learning child care is an essential driver of economic growth, socio-economic activity, and today is making life vastly more affordable for Canadian families in all our ridings.
The purpose of Bill C-35 is to strengthen and protect the system by enshrining its principles into law and also help guide future federal investments into this great program, which is benefiting so many families, literally thousands and thousands of families across our beautiful country. Frankly, the legislation marks a historic milestone in our government's commitment to ensuring that families across Canada have long-lasting and enduring access to affordable, inclusive and high-quality early learning and child care.
Bill C-35 is the result of engagement between the Government of Canada, the provinces, territories, indigenous governments, organizations and stakeholders. It reflects the core values of our government in building a Canada that is inclusive for everybody and in building a Canada where we see inclusive economic growth, a strong and growing middle class and assisting those who wish to join the middle class.
Many of us here who are parents of little ones know the exorbitant and sometimes unreachable cost of day care that Canadian families have faced for generations. However, we know that the introduction of early learning and child care plan is a transformational one for Canadian families.
For example, it has brought the cost of day care for families in the province of Ontario down by literally thousands of dollars, thousand of dollars that are back in the pockets of hard-working families in Ontario and, of course, across this blessed country.
As many of my colleagues know, my family was blessed with a surprise during COVID. Leia is now 15 months old and attends day care in the heart of my riding of Vaughan—Woodbridge. Leia is truly a blessing from God to our family and has made life so much more special. She is awesome.
I want to thank the early learning childhood educators at my daughter's day care, and all the day care centres across Canada, who are taking care of our kids, nourishing their souls and their bellies. A special shout-out to the folks at my daughter's day care, the team headed by Nenza and ECE staff Isabella, Christine and so many others. I thank all the early learning child care educators across this beautiful country.
The agreement on early learning and child care is having a significant impact on the pocketbooks of Canadian families. I will give an example of this, and it truly reflects how we are helping Canadian families with affordable, high-quality day care for their children.
Prior to the Christmas holidays, families at our day care centre were informed of the new fee schedule and for children like my daughter Leia the reduction of monthly day care fees was approximately $760 a month or on an annual basis, $9,400. Those are after-tax dollars. If we do the math, that is approximately $14,000 in before-tax savings for families. That is $14,000 savings for families just in my riding of Vaughan—Woodbridge. That is money back in the pockets of families in Vaughan—Woodbridge and in every other riding across the country.
We have signed agreements with all provinces and territories. This is how we put in place measures to help our economy, to help Canadian families and to give the best start to children across our country. That is real change. That is helping Canadian families. That is why Canadians have elected us to come here and do the good work to help them.
For hard-working Canadian families, whether in Vaughan, Halifax, Vancouver or anywhere in between, saving over $10,000 on child care fees means real savings. These savings can be used for clothes, sports activities or however parents wish to utilize these funds. It is real change, and it brings real relief to Canadian families.
Since 2015, whether it is in offering the Canada child benefit or the Canada workers benefit, increasing old age security by 10%, doubling the GST, raising the personal expenditure amount to $15,000, reducing taxes for millions of hard-working, middle-class Canadians or supporting students, helping Canadian families by providing real relief from increased costs for their daily necessities has been a paramount concern and objective for our government. Frankly, we have the backs of Canadians. We will always do so.
The goal of the Canada-wide early learning and child care system is for families to have access to community-based, high-quality, affordable, inclusive and early learning child care. It should be there no matter their socio-economic standing or racial identity, whether their children have disabilities or require needs-enhanced or individual support, or where they live in Canada.
Our government has committed nearly $30 billion over five years to make high-quality early learning and child care affordable, and yes, accessible. We have worked with the provinces. We have instituted best practices, and we will continue to do so.
Combined with our previous investments announced since 2015, a minimum of $9.2 billion per year, ongoing, will be invested in child care, including indigenous early learning and child care, starting in 2025-26.
Economists know that affordable and high-quality day care results in increased participation, primarily of women, in our labour force. For example, we know that in Quebec's situation, women's labour force participation went from 4% below the average to 4% higher than the average. That is good policy.
I applaud la belle province for instituting a child care system before the rest of the provinces did and before the national program. We are looking at best practices. That is what we do as a government. We will continue to do so.
In addition, it is estimated that the early learning and child care system will raise the Canadian real GDP by as much as 1.2% over the next two decades. This would primarily reflect the increased labour force participation rate of women and people entering the labour force, as well as the lower cost and greater affordability of child care for Canadian families.
Inclusive child care is a win for Canadian families, a win for the economy, and most importantly, a win for children. That is a path that we must continue to institute for Canadian families.
This is a seminal moment, I believe, for legislation that we have introduced as a government. For decades, we have been talking about a national system of child care for Canadian families from coast to coast to coast. Well, you know what, Mr. Speaker? We have done that.
With Bill C-35, we have delivered for Canadians. That is why they sent our government here. Bill C-35 is a next step to enshrining the principles of the early learning and national child care agreement.
Bill C-35 would enhance and provide further transparency and accountability. I am all about transparency and accountability.
The act would require reporting by the federal government on the progress made to establish a Canada-wide early learning and child care system. The act would also enshrine in law the national advisory council on early learning and child care, which would provide third party expert advice to the Government of Canada and serve as a forum for engagement on issues, challenges and specific challenges facing the early learning and child care sector.
The legislation commits to maintaining long-term funding for provinces, territories and indigenous peoples for ELCC and enshrining the principles of a Canada-wide early learning and child care system.
In my last minutes, I would like to say that the early learning and child care system across Canada is already delivering results. If we read the Bank of Canada's “Monetary Policy Report” for January, we have already seen indications that the labour force participation rate of women with young children has increased by several points. The Bank of Canada concluded that approximately 100,000 individuals have now entered the labour force because of the measures we have made to assist Canadian families from coast to coast to coast.
It is the right thing to do. We started it with the Canada child benefit, which now delivers approximately $26 billion a year, tax-free, to Canadian families in all our ridings. We all know the differential that is. This is now the second piece, where we have an early learning and child care system.
I know the benefits for the families that go to the same day care that my family sends little Leia to. We see the benefits. Yes, we are blessed as a family. I can only imagine the difference this is making for families across the country where they are seeing literally thousands of dollars of savings.
I will say this: There is nothing like seeing a bunch of young kids who are 15 months old playing together—