Does the Shiny Charm effect Breeding in a way in X/Y?

Question

With or without the Masuda Method, what would the chances be if it did effect breeding?

Answer 1

As of Pokémon X & Y, it only works on Wild Pokémon and increases the rate from 1 in 4096 to 1 in 1365.3.

No, it does not effect the likelyhood of getting a Shiny Pokemon via Masuda Method.
In fact, it makes the wild shiny encounter rate increase to the same chance as using the Masuda Method.
Source