Excerpted from agreement
The following expression used in the agreement will have the scope defined below:
“Agreement” means the Canada-Quebec 2021 to 2026 asymmetrical agreement on the Canada-wide early learning and child care component
“fiscal year” means the period commencing on April 1 of any calendar year and terminating on March 31 of the calendar year immediately following
2.0 Period of the agreement
The Agreement will take effect upon the last signature being affixed and will remain in effect until March 31, 2026, unless terminated in writing by Canada or Quebec in accordance with the terms hereof in section 9. Funding provided under this Agreement, in accordance with section 3, will cover the period from April 1, 2021 to March 31, 2026.
The Parties agree that, for the period subsequent to that covered by this Agreement, the Agreement will be renewed by mutual agreement of both Parties.
Subject to parliamentary approval of appropriations, Canada has designated the following maximum amounts to be transferred in total to all provinces and territories under this initiative with a fixed base rate of $2 million per year for each province and territory and the balance of the funding on a per child (0 to 12) basis for the period starting on April 1, 2021 and ending on March 31, 2026. This funding is for financial commitments made as part of the 2021 to 2022 to 2025 to 2026 Canada-wide Early Learning and Child Care Agreements.
- $2,948,082,433 for the fiscal year beginning April 1, 2021
- $4,489,349,839 for the fiscal year beginning April 1, 2022
- $5,538,345,183 for the fiscal year beginning April 1, 2023
- $6,492,201,954 for the fiscal year beginning April 1, 2024
- $7,718,943,823 for the fiscal year beginning April 1, 2025
The final amount to be paid to Quebec for the fiscal year will be calculated by multiplying the total amount of federal funding paid for that fiscal year as listed above (minus the fixed base rate of $2 million for each province and territory) by the quotient obtained by dividing the population of children, aged 0 to 12, of Quebec during that fiscal year, by the total population of children, aged 0 to 12, of all provinces and territories during that fiscal year, to which the fixed base rate of $2 million will be added.
For the purposes of this calculation, the population of children, aged 0 to 12, in Quebec for a fiscal year and the population of children, aged 0 to 12, in all provinces and territories will be determined on the basis on the official estimates produced by Statistics Canada on July 1 of that fiscal year. These estimates are released by Statistics Canada in September of each fiscal year. The final annual amount will be determined by Canada and communicated to Quebec on or about October 15 of each fiscal year.