The Canadian Government provides the Minimum Wage rate for the citizens who are working. This rate is provided so that no citizen will receive the payment below that rate. This ensures the inflation and cost of living stability in the country. No employer can pay below this Minimum Wage rate. This Federal Minimum Wage rate was initiated in 2021 by the Canadian Government. This wage rate is adjusted or revised annually by evaluating the Average Consumer price Index of Canada. From 2021, this federal minimum wage rate is increasing in the country. We will see the Canada Minimum Wage Increase 2024 and we will also discuss the wage rates by provinces. Let’s see the recent updates on canada.ca Minimum Wage Increase 2024 in this post.
Canada Minimum Wage Increase 2024
As the Inflation in the country rises and due to that the cost of living also rises in the country. In response to this, the Canadian Government keeps up the Wage rate in the country. From 2021 till now the wage rate has been increased. There is no decline in Canada Federal Minimum Wage Rate 2024. If the province’s wage rate is lower than the Federal Wage rate then the employer should pay the higher wage rate to the employee. In this post we will check the recent updates made on Wage rates by provinces and the Federal wage rate. We will discuss the Canadian Workers struggle with low wages jobs and how this increase impacts the employees. Check Canada Minimum Wage Increase 2024 in this post.
canada.ca Minimum Wage 2024- Overview
| Title | Canada Minimum Wage Increase 2024 |
| Year | 2024 |
| Country | Canada |
| Name of the Organisation | Employment and Social Development Canada |
| Federal Minimum Wage Rate Increase 2024 | 17.30 per Hour |
| Applicable on | 1st April, 2024 |
| Province Minimum Wage Rate 2024 | Check Post |
| Post Category | Finance |
| Official Web portal | www.canada.ca |
Federal Minimum Wage Rate Increase 2024
The Federal Minimum Wage Rate is introduced to align the inflation in the country. The Federal Minimum Wage Rate 2024 will ensure that no employee will not get the low wages. Due to this Federal Minimum Wage Rate Increase 2024, 30,000 employees are benefited in the private sector. From 1st April 2024 the Federal Wage Rate per Hour was Increased from $16.65 to $17.30. This means that the Average CPI for 2023 rose by 3.9%. Here is the Federal Minimum Wage Rate Increase for Previous Years:
| Year | Federal Minimum Wage Rate |
| 2024 | $17.30 |
| 2023 | $16.65 |
| 2022 | $15.55 |
Province Wise Minimum Wage Rate 2024
Here we will see the Wage rates for distinct provinces and also we will see the implemented date for these rates.
| Province | Canada Minimum Wage Rate 2024 (Province Wise) | Effective Date |
| Alberta | $15.00 | 1st October 2018 |
| British Columbia | $17.40 | 1st June 2024 |
| Manitoba | $15.30 | 1st October 2023 |
| New Brunswick | $15.30 | 1st April 2024 |
| NewFoundland and Labrador | $15.60 | 1st April 2024 |
| Northwest Territories | $16.05 | 1st September 2023 |
| Nova Scotia | $15.20 | 1st April 2024 |
| Nunavut | $19.00 | 1st January 2024 |
| Ontario | $16.55 | 1st October 2023 |
| Prince Edward Island | $15.40 | 1st April 2024 |
| Quebec | $15.75 | 1st May 2024 |
| Saskatchewan | $14.00 | 1st October 2023 |
| Yukon | $17.59 | 1st April 2024 |
Minimum Wage Increase 2024
Here we will see the Recent Minimum Wage Increase 2024 according to the distinct provinces.
Manitoba
| Minimum Wage Rate | Recent Minimum Wage Increase 2024 | Description |
| $15.30 | $15.80 | From 1st October 2024, this new minimum wage rate will become effective in Manitoba. |
Prince Edward Island
| Minimum Wage Rate | Recent Minimum Wage Increase 2024 | Description |
| $15.40 | $16.00 | From 1st October 2024, this new minimum wage rate will become effective in Prince Edward Island. |
Saskatchewan
| Minimum Wage Rate | Recent Minimum Wage Increase 2024 | Description |
| $14.00 | $15.00 | From 1st October 2024, this new minimum wage rate will become effective in Saskatchewan. |
Ontario
| Minimum Wage Rate | Recent Minimum Wage Increase 2024 | Description |
| $16.55 | $17.20 | From 1st October 2024, this new minimum wage rate will become effective in Ontario. |
These are the General Minimum Wage Rate increases for upcoming months. Here we have the other minimum wage rate chart of Ontario describing the other rates.
| Canada Minimum Wage Increase 2024 | 1st October 2024 | 1st October 2023 |
| Student Minimum Wage Rate | $16.20 | $15.60 |
| Homeworkers Wage Rate | $18.90 | $18.20 |
| Guides of Hunting, Fishing, Wilderness Minimum Wage Rate (Less than 5 hours a day) | $86 | $82.85 |
| Guides of Hunting, Fishing, Wilderness Minimum Wage Rate (More than 5 hours a day) | $172.05 | $165.75 |
FAQ Related To Canada Minimum Wage Increase 2024
The Federal Minimum Wage Increase 2024 can be found on the website, www.canada.ca and the Minimum Wage rate for provinces can found on the distinct provinces official web portals.
This means that the minimum wage rates in Canada will be raised by the Canadian Government in 2024. This is done to cope up with the Inflation and high living costs.
John Wick is a Media and Finance editor, passionate about writing and editing content related to finance and taxes. He has achieved dual degree in Mass Media and Finance From one of the top universities in the World. He is keen to learn new things and changes which take place in the world of Finance and stocks.