Ontario is set to see an increase in the minimum wage, effective October 1, 2024. Here’s a breakdown:
Increase amount: $17.20 per hour, up from $16.55 (a 3.9% increase)
Reason for increase: Tied to the Ontario Consumer Price Index (CPI), which reflects inflation
Effective date: October 1, 2024
New ranking: Ontario will have the second-highest minimum wage in Canada, after British Columbia ($17.40)
This increase applies to most hourly workers in the province. It’s important to note that this is the minimum wage, and some employers may offer higher salaries based on experience, qualifications, and the job itself.
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