To raise the living standards of its workforce, the Canadian government established hourly pay for its inhabitants. As of right now, beneficiaries living in Ontario should anticipate receiving money by the authority’s Ontario Minimum Wage increase. The increased minimum wage, candidates who live and work in Ontario will be eligible to receive the Ontario Minimum Wage Increase 2024 payment from their employer. Learn about the Ontario Minimum Wage Increase and the most recent information regarding the minimum wage increase in the nation by reading this material. Complete data of Province Wise Canada Minimum Wage 2024 is available on the official website. We don’t confirm that the minimum wage in Canada has increased because the material on this page is based on rumors and was obtained from a news story. For reliable data on this topic, always visit the official website at www.canada.ca.
Ontario Minimum Wage Increase 2024
The Canadian government is reviewing the minimum wage for workers in Ontario. Many economic assessments suggest that the minimum wage for workers and employees in the country should be increased by the government. Although it is imperative to increase the minimum wage for workers, the government has not yet disclosed the minimum salary for 2024. However, you should receive the most recent minimum wage in Canada in the upcoming month, as the government is implementing new legislation to force Canadian businesses to pay their employees a fair wage. You can get help with new wage increases for the entire state and information about the Ontario Minimum Wage Increase 2024 by reading this page. We cannot confirm the increase in minimum pay in Canada because this information is based on rumors and news sources. To obtain more information on this increase, visit www.canada.ca.
What is Ontario Minimum Wage 2024?
- It is legally permissible for an employer to pay a worker less than the minimum wage.
- Employers may choose to pay more, but they are not permitted to pay less than the Employment Standards Act minimum wage.
- All workers are subject to the minimum wage regardless of their employment status: full-time, part-time, casual, or paid on an hourly, commission, piece rate, flat rate, or salary basis.
- If an employee receives compensation that is either fully or partially dependent on commission, it must equal the minimum wage for each hour the worker has put in.
Ontario Minimum Wage Increase 2024
| Program | Ontario Minimum Wage Increase 2024 |
| Government | Government of Canada |
| Beneficiaries | Workers in Ontario |
| Applicable In | Ontario |
| Category | Finance |
| Official Website | www.canada.ca |
Upcoming Changes In Ontario Minimum Wage 2024
- Annually, on 1st October, the minimum wage rates are subject to increase.
- Every year on or before 1st April, the new rates that would take effect on October 1st would be disclosed.
- Employees will have their pay period treated as two distinct pay periods if the minimum wage rate changes midway through the pay period.
- Each of those times, the worker shall be compensated with at least the minimum pay that is relevant..
What is Ontario Minimum Wage Rate 2024?
In addition to the federal minimum wage, there are additional minimum wages for students, wilderness guides, home-based workers, and guides for hunting and fishing.
1st October 2023, saw a modification in the specialist minimum wages as well. These are the updated Ontario Minimum Wage Rate 2024:
- The minimum hourly wage for students: is $15.60
- The minimum salary for wilderness guides, hunters, and fishermen is $82.85. For working fewer than five hours straight in a single day.
- $165.75 is for putting in five or more hours in a day, regardless of whether they are consecutive
- Hourly pay for home workers: $18.20
Province Wise Canada Minimum Wage 2024
Qualified employees are entitled to benefits as a result of the rise in their minimum wage rate. Depending on their home state, the employees will be eligible for the Canada Wage Increase. The rates have increased, as the following table demonstrates:
| States | Province Wise Canada Minimum Wage 2024 |
| Yukon | $47.31 |
| Saskatchewan | $41.16 |
| Alberta | $45.29 |
| Manitoba | $38.73 |
| British Columbia | $42.92 |
| Quebec | $40.82 |
| Prince Edward Island | $35.30 |
| Nunavut | $53.52 |
| Ontario | $43.44 |
| Northwest Territories | $52.61 |
| New Brunswick | $40.23 |
| Newfoundland and Labrador | $40.39 |
| Nova Scotia | $37.18 |
Ontario Minimum Wage Increase 2024: Fact Check
New Minimum Wage Rate: Ontario’s minimum wage will increase to $17.20 per hour on 1 October 2024.
Previous Rate: The annualized wage rise of 3.9% is represented by this, as the previous rate was $16.55 per hour.
Connected to Inflation: The Ontario Consumer Price Index is correlated with the increase.
The new salary, set at $17.40 per hour, will rank second highest in Canada after British Columbia.
FAQs On Ontario Minimum Wage Increase 2024
The minimum wage increase in Ontario in 2024 is $165.75.
Ontario’s hourly wage rate is $43.44.
Candidates must go to www.canada.ca to know Ontario’s minimum wage rate.