Thanks for the update. I think the program makes sense for sure for most people for the following reasonsEI payments are quite small.
Most people when they leave home daycare they go back to work for a company where they would pay into EI anyways
Especially good for people who are doing daycare for the short term and plan to take the yr off then go back to the work place.

When it doesn't make sense
If you are a lawyer, Dr or other very high paid professional that opened a home daycare (or plan to go back to school to become one after daycare) to stay home with your kids. Your income will continue to get larger and larger and your EI is a percentage of what you make so this isn't a smart move.

That being said, I had not registered at the moment because I am unsure of my long term professional goals (I'm was a therapist before opening a daycare). If I go into private practice down the road or open my own business, this could be a significant loss for me.