Minimum wage laws vary between the federal and provincial levels, with adjustments made to reflect changes in inflation and the cost of living. In 2024, several provinces and territories are set to see increases in their minimum wage rates, ensuring fair compensation for workers across various industries. Stay informed about the upcoming changes to minimum wage in 2024 to ensure compliance and fair compensation for all workers in Canada.
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What is Minimum Wage?
Minimum wage in Canada refers to the lowest wage rate that employers are legally required to pay their employees. This rate is set by either the federal or provincial government, depending on the jurisdiction. In Canada, minimum wage can vary between provinces and territories, with some regions having different rates for different types of workers. Changes to minimum wage can occur periodically, with adjustments typically made to account for inflation and cost of living increases. It's important for both employers and employees to stay informed about minimum wage laws to ensure compliance and fair compensation.
Federal vs. Provincial Minimum Wage
In Canada, both the federal and provincial governments set minimum wage rates, but there are differences between the two. The federal minimum wage applies to industries and workers under federal jurisdiction, such as banking, postal services, and so on. Provincial minimum wage rates apply to all other industries and workers within the province. It's important to use the minimum wage rate that applies to your specific industry and jurisdiction to ensure compliance with the law. In the event that the provincial minimum is higher than the federal amount, use the provincial minimum wage rate.
Upcoming Changes to Minimum Wage in 2024
| Province/Territory |
Current Minimum Wage (February 2024) |
Next Increase (2024) |
| Federal | $16.65 | April 1st - $17.30 |
| Alberta | $15.00 | |
| British Columbia | $16.75 | June 1st - $17.40 |
| Manitoba | $15.30 | October 1st - $15.80 |
| New Brunswick | $14.75 | April 1st - $15.30 |
| Newfoundland and Labrador | $15.00 | April 1st - $15.60 |
| Northwest Territories | $16.05 | |
| Nova Scotia | $15.00 | April 1st - $15.20 |
| Nunavut | $19.00 | |
| Ontario | $16.55 | October 1st - $17.20 |
| Prince Edward Island | $15.40 | October 1st - $16.00 |
| Quebec | $15.25 | May 1st - $15.75 |
| Saskatchewan | $14.00 | October 1st - $15.00 |
| Yukon | $16.77 | April 1st - $17.59 |
For more additional payroll information you can download our Ultimate 2024 Canadian Payroll Guide here.
You can also reference the National Payroll Institutes Minimum Wage Updates here.
