The Ontario government is increasing the minimum wage from $16.55 per hour to $17.20, effective October 1, 2024.
This 3.9 per cent annualized wage increase is based on the Ontario Consumer Price Index (CPI) and brings Ontario’s minimum wage to the second highest in Canada.
“Under the leadership of Premier Ford, our government is helping nearly one million workers earn more money for themselves and their families.
We are providing businesses with certainty and predictability by announcing this annual wage increase six months in advance, while also helping families offset the rising cost of living, so that Ontario continues to be the best place to live, work and raise a family,” said David Piccini, Minister of Labour, Immigration, Training and Skills Development.
A worker making the general minimum wage and working 40 hours per week will see an annual pay increase of up to $1,355. There were 935,600 workers earning at or below $17.20 per hour in 2023.
This minimum wage increase builds on the government’s Working for Workers Four Act, 2024, which provides ground-breaking protections for millions of workers in Ontario, including strengthening wage protections for restaurant, hospitality and service workers by clarifying that employers can never deduct an employee’s wages in the event of a dine and dash, supporting injured workers and banning requirements for Canadian work experience in job postings – a first in Canada.
Under the Employment Standards Act, Ontario’s minimum wage increases annually based on the Ontario Consumer Price Index (CPI), a measure of inflation that represents changes in prices experienced by Ontario consumers.
The CPI rose by 3.9 per cent, increasing the minimum wage of 65 cents an hour, to $17.20.
Ontario’s new minimum wage will be the second highest provincial rate, after British Columbia at $17.40 per hour.
About 35 per cent of workers at or below the current general minimum wage of $17.20 per hour are in retail trade and 24 per cent are in accommodation and food services.
Ontario, Canada’s second largest province is surrounded by Quebec, Manitoba, Hudson Bay, James Bay, St. Lawrence River, and Great Lakes.
The Ontario Immigrant Nominee Program (OINP) is the province’s economic immigration program.
It works in partnership with the Government of Canada through Immigration, Refugees and Citizenship Canada (IRCC).
Foreign workers, international students and others with the right skills, experience and education apply to the OINP for a nomination.
The OINP recognizes and nominates people for permanent residence who have the skills and experience the Ontario economy needs, and the Government of Canada makes the final decision to approve applications for permanent residence.
Source: https://www.financialexpress.com/business/investing-abroad-canadas-ontario-province-announces-a-raise-in-the-minimum-wage-to-help-workers-2-3531336/
