First the couple – based in France at the time – turned to an au pair, a live-in caregiver with a nominal salary. Sarazin-Cote’s work includes frequent, wide-ranging travel in locales ranging from Portugal to Costa Rica. Daycare didn’t make sense, and the au pair could travel along with her and Clara.
She found someone last week who, for $15 per hour, will work four hours each weekday morning to play with Clara – who turns three in March – and make her lunch, freeing up time for Sarazin-Cote to work. The hourly rate for a nanny typically ranges from $15 to $20, but more experienced employees often charge up to $25 per hour, says Jayne Wigfield, founder of boutique agency Nooks and Nannies in Vancouver. That adds up to $52,000 per year, before contributions to the Canada Pension Plan and Employment Insurance.
Peter Guay, a portfolio manager and financial planner with PWL Capital in Montreal, says it’s important to begin by setting out clear expectations about what the job will entail – vacation time, work hours and daily tasks, for example.Story continues below advertisement“This is somebody you’re leaving your children with, this is somebody who is almost a part of the family,” he said. “So the more transparent, open, upfront you can be...
Access to quality childcare in a post-industrial economy should be a right! What's the point of having a 1.7 trillion $ economy when folks are struggling to access supervision for their children? This has affordability crisis written all over!