What Is Minimum Wage In Canada 2024. On april 1, 2024, the federal minimum wage will be adjusted again to cope with inflation, as the consumer price index (cpi) rose an annual average of 3.9% last year. To keep up with the cost of living, the federal minimum wage will increase from $16.65 to $17.30 per hour on april 1, 2024.
The next minimum wage increase, expected around april 1, 2024, is estimated to be approximately $17.17 per hour, based on a 3.1% cpi reported by statistics canada in october 2023. If the minimum wage of the province or territory where the employee usually works is higher than the federal minimum wage, the employer is to pay the higher minimum wage.
Yukon Will See The Minimum Wage Go To $17.59 On April 1.
Canada's minimum wage is set by each province and territory;
An Employee Should Be Paid At Least The Federal Minimum Wage.
By jim wilson 02 apr.
The Minimum Wage Will Be Adjusted On April 1 Of Each Year Relative To The Consumer Price Index.
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This Is A $0.65 Raise, And A 3.8% Increase Of The Minimum Wage From $16.75 Per Hour In 2022.
Every april 1, the federal minimum wage is adjusted based on canada’s consumer price index (previous calendar year).
Read The Blog To Know What Is Minimum Wages In Canada, The Purpose Of Minimum Wages, Factors Influencing Minimum Wage Adjustments In 2024 And Minimum Wages Across Different Provinces In.
And ranges from ranges from c$10.45 to c$13.00 per hour.
Effective April 1, 2024, Canada’s Federal Minimum Wage Will Increase To $17.30 Per Hour From $16.65 Per Hour.