Forgot that calculation. Thought subtracting LICO would cover that.
Don't think this is a formal calculation but VO will certainly look at average cost of living in the area and substract that from the NOA to see how much is left. Savings could also be considered if the family can't access daycare if both parents work non-traditional hours and it would make sense to pay for a nanny. In some circumstances it would not make sense to hire a caregiver if one parent's salary is low enough that they would be going to work to pay for childcare. Lots of families that have to have one parent stay at home due to the cost of childcare or change to opposite shifts or one parent takes on a second job while one stays at home or one goes part-time while the other parent stays full-time.