As of April 1, 2024, the federal minimum wage in Canada is set to increase from $16.65 to $17.30 per hour. This adjustment aims to keep pace with inflation, benefiting approximately 30,000 Canadian workers in federally regulated sectors.
The federal minimum wage applies to various industries, including banking, postal and courier services, interprovincial air, rail, road, and ocean transportation. Workers in these sectors may receive a higher rate if the minimum wage in their province or territory exceeds the federal minimum wage.
The Consumer Price Index (CPI), which measures inflation, determines the federal minimum wage in Canada annually on April 1st. The increase in 2024 is 65 cents, following a $1.10 raise in 2023, when the minimum wage went from $15.55 to $16.65 per hour.
In addition to the federal minimum wage increase, five Canadian provinces will also implement new minimum wages on April 1, 2024. Yukon will see the second-highest minimum wage in the country at $17.59 per hour, up from $16.77. Nova Scotia’s minimum wage will increase to $15.20 from $15.00 per hour, while New Brunswick’s minimum wage will rise from $14.75 to $15.30 per hour. Newfoundland and Labrador will increase to $15.60 from $15.00 per hour, and Prince Edward Island (PEI) will raise its minimum wage to $15.40 from $15.00 per hour.
Here is a summary of the minimum wage changes in all Canadian provinces and territories:
- Yukon: $17.59 per hour (up from $16.77)
- Newfoundland and Labrador: $15.60 per hour (up from $15.00)
- Nova Scotia: $15.20 per hour (up from $15.00)
- Prince Edward Island: $15.40 per hour (up from $15.00)
- New Brunswick: $15.30 per hour (up from $14.75)
- Nunavut: $19.00 per hour (no change yet)
- British Columbia: $17.40 per hour (effective June 1, 2024)
- Ontario: Rate to be revised on October 1, 2024
- Northwest Territories: No change yet
- Manitoba: $15.80 per hour (effective October 1, 2024)
- Quebec: $15.75 per hour (effective May 1, 2024)
- Alberta: No change yet
- Saskatchewan: $15.00 per hour (effective October 1, 2024)
The federally regulated private sectors in Canada include a wide range of industries such as banking, postal and courier services, interprovincial air, rail, road, and ocean transportation. Additionally, industries like radio and television transmissions, communications technologies (including cable systems, the Internet, telephones, and telegraphs), atomic energy, uranium mining and processing, and other enterprises critical to these operations are also included.
- Government Benefit Cheques Coming in For May and June in Ontario: What You Need to Know
- Stat-Can Report: Canada achieves fastest two-month immigration Growth in history. What’s next?
Federal minimum wage in Canada will rise to $17.30 per hour on April 1, 2024, benefiting thousands of workers in federally regulated sectors. This adjustment is part of an annual process to keep pace with inflation and ensure fair compensation for workers across the country.
Leave a Reply