Canada: New Minimum Wage In Ontario and 5 Provinces Effective Oct 1
September 26, 2023 - PatialaPolitics
Canada: New Minimum Wage In Ontario and 5 Provinces Effective Oct 1
🇨🇦 #New Minimum wage will come into effect in #Ontario, Manitoba, Saskatchewan, #Nova Scotia, Newfoundland and Labrador, and Prince Edward Island on October 1, 2023
🇨🇦 Check out the minimum wages in #all the Canadian provinces and #next raise schedule👇
Oct. 1 is set to be a busy day for payroll across Canada as five provinces will be boosting the minimum wage rate that day.
Saskatchewan, Manitoba, Ontario, Nova Scotia, Prince Edward Island and Newfoundland and Labrador will see increases, leading to the wage ranging from $14 to $16.55 per hour.
The increases to the minimum wage for 2022 to 2024 were made by an amendment to The Minimum Wage Regulations. After the final adjustment in 2024, the minimum wage will return to be calculated using an indexation formula. Changes will return to being announced on or before June 30 of each year and take effect on October 1 of the same year.