New Minimum Wage Commencing on October 1st in Ontario and Three Provinces

New minimum wage rates will take effect on October 1, 2024 in Ontario, Manitoba, Saskatchewan, and Prince Edward Island.

The Canadian provinces make this adjustment every year to make sure that wages are commensurate with other economic conditions and the cost of living. Here's all the information you need to know about these updates as well as the forthcoming salary adjustments in other Canadian provinces. The minimum hourly wage in Quebec and British Columbia was raised earlier this year. On June 1, 2024, British Columbia increased their minimum wage to $17.40 per hour, and on May 1, 2024, Quebec did the same, raising their minimum pay to $15.75 per hour.

On April 1, 2024, the federal minimum hourly pay for employees in the privately regulated government sectors was likewise raised to $17.30. The lowest hourly rate that employers are legally obligated to pay their employees is the minimum wage. It is determined independently by each province and territory, and it is frequently modified to reflect changes in living standards and inflation.

Ontario's New Minimum Wage On October 1, 2024, the minimum wage in Ontario will increase by $0.65 from the current $16.55 to $17.20 per hour. This is included in the yearly pay adjustment set by the province. Unique Groups in Ontario Students under the age of eighteen: During the academic year, the minimum wage for students working 28 hours or fewer per week or full-time during breaks will rise from $15.60 to $16.20 per hour. Homeworkers: The hourly salary for workers who do paid work from home will rise from $18.20 to $18.90. Employment in the hunting, fishing, and wilderness guiding industries will see a rise in the minimum wage to $82.85 (from $77.60) for jobs under five hours and to $165.75 (from $155.25) for shifts more than five hours.

The Ontario Living Wage Network reports that the living wage is approximately $20 per hour in several areas and more than $25 per hour in the Greater Toronto Area (GTA). Labour groups have long argued that Ontario needs to raise the minimum wage to $20 per hour in order to reflect the cost of living.

The New Minimum Wage in Manitoba.

The minimum wage in Manitoba will rise from its current $15.30 per hour to $15.80 per hour.

Two pay increases in Manitoba in 2023 increased the rate by a total of $1.80 per hour. The Consumer Price Index (CPI) is used by the province to determine minimum wage adjustments, and the next revisions are anticipated on October 1, 2025.

Saskatchewan's Minimum Wage Increase.

With effect from October 1, 2024, Saskatchewan will raise the minimum wage from $14.00 to $15.00 per hour. The minimum wage was last raised on October 1, 2023, when it was raised from $13.00 to $14.00 an hour. This is a further advancement in Saskatchewan's ongoing endeavor to raise pay standards.

Increase in Prince Edward Island's.

Minimum Wage The minimum wage in Prince Edward Island will rise from its current $15.40 per hour to $16.00 per hour. The most recent modification, which went into effect on April 1, 2024, will help workers in the province even more.

Canada's Minimum Wage Rates and Planned Increases

As the new minimum wage takes effect on October 1 in Ontario and three other provinces, it's essential for both employees and employers to stay informed about these changes and their implications. For those considering relocating or seeking employment opportunities in Canada, understanding the evolving labor landscape is crucial. At Planman Immigration, we are committed to providing guidance and support for individuals and families looking to navigate their immigration journey in light of these developments. Whether you’re seeking to establish your career or explore new horizons in Canada, our team is here to help you every step of the way.