As part of an annual adjustment, Canadian provinces are set to implement new minimum wage rates on October 1, 2024. This change aims to ensure wages reflect the rising cost of living and other economic factors. Here’s what you need to know about these updates and current wage changes across Canada.
New Minimum Wage in Ontario
On October 1, 2024, Ontario’s minimum wage will rise from $16.55 to $17.20 per hour, marking a $0.65 increase. This adjustment is part of the province’s commitment to periodically revise wages in alignment with economic conditions.
Special Categories in Ontario
Ontario also recognizes special categories with specific wage rates:
- Students under 18: Minimum wage increases from $15.60 to $16.20 per hour.
- Homeworkers: Wages will increase from $18.20 to $18.90 per hour.
- Guides: New daily wages for hunting, fishing, and wilderness guides will be $82.85 for shifts under five hours and $165.75 for longer shifts.
Manitoba’s New Minimum Wage
Manitoba will see its minimum wage increase to $15.80 per hour from $15.30 on October 1, 2024. This adjustment follows two wage increases in 2023 and is based on the Consumer Price Index.
Minimum Wage Increase in Saskatchewan
Saskatchewan’s minimum wage will rise from $14.00 to $15.00 per hour, effective October 1, 2024. This marks a continuation of the province’s efforts to improve wage standards.
Prince Edward Island Minimum Wage Raise
On the same date, Prince Edward Island’s minimum wage will increase to $16.00 per hour, up from $15.40. This adjustment supports ongoing efforts to enhance worker compensation.
Minimum Wage Rates Across Canada and Scheduled Increases
The nationwide trend reflects an ongoing effort to keep wages in line with inflation and living expenses. Other notable changes include:
- British Columbia: $17.40 (effective June 1, 2024)
- Quebec: $15.75 (effective May 1, 2024)
- Federal: $17.30 (effective April 1, 2024)
Average vs. Median Income in Canada: What’s the Difference?
Ontario Minimum Wage Increase 2024: New Amount & Future Increases
Canada Hourly Wage Increase 2024: What You Need to Know
Canada Minimum Wage: Province-by-Province Breakdown (2024)
Canada Average Income 2024: What is the Monthly and Annual Income in Canada?
Stay informed about these significant changes as provinces continue to adjust their minimum wage rates annually. This ensures that all employees, regardless of age or hours worked, receive fair compensation aligned with living costs.