Six Canadian Provinces to Hike Minimum Wages from October 1, 2023
Effective October 1, 2023, six Canadian provinces, including Ontario, will increase minimum wages.
Ontario, Manitoba, Nova Scotia, Saskatchewan, Newfoundland and Labrador, and Prince Edward Island will bring new minimum wages into effect following a rise in Federal Minimum wages to $16.65 effective April 1, 2023. Canadian provinces declare new minimum wage from time to time. The employers have legal binding to pay wages equal to or more than the minimum compensation threshold.
Ontario will increase the hourly minimum wage threshold from the existing $15.50 to 16.55 from October 1, 2023. There will be an increase in the annual salary by $2,200 if an individual works 40 hours per week, earning minimum hourly wages. The minimum hourly wages of students working during vacation, summer holidays, or school sessions will also rise to $15.60 from $14.60.
The minimum hourly wage in Manitoba will see a rise of $1.15. The new minimum wage will be $15.30 per hour, with an effective increase in the minimum wage being $1.80. Manitoba raised the minimum remuneration to 14.15 per hour on April 1, 2023.
The year’s second minimum wage increase comes into effect on October 1, 2023, as Nova Scotia raised the minimum hourly wage on April 1 from $13.60 to $14.50. Nova Scotia will raise the minimum hourly wage to $15 on October 1.
There will be a rise of $1 in Saskatchewan’s minimum hourly wages from October 1, 2023. The new minimum wage in Saskatchewan will be $ 14 per hour. Saskatchewan plans to raise the minimum hourly remuneration to $15 on October 1, 2024.
Newfoundland and Labrador
Newfoundland and Labrador will increase the minimum hourly wage from $14.50 to $15, effective October 1, 2023. There was a rise in the minimum hourly wage earlier this year on April 1 from $13.70 to $14.50 per hour.
Prince Edward Island
The minimum wage will rise to $15 from $14.50 per hour in Prince Edward Island, effective October 1. 2023.
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