The minimum wage increases in six Canadian provinces on October 1, 2023. British Columbia and Quebec have already raised their minimum wages this year, while the federal minimum wage went up on April 1. The minimum wage is the lowest wage rate set by provinces and applies to all employees. Employees in Canada are required to be paid a minimum wage. When the provincial minimum wage exceeds the federal minimum wage, the employee must be paid the higher of the two.
The minimum wage rate is the basic amount per hour that an employer must pay in a region. An employee must be paid at least the minimum wage in order to be hired. An employer may not pay less than the minimum wage.
What are Minimum wage increases in six Canadian provinces?
These anticipated minimum wage increases will take effect on October 1, 2023, and will be as follows:
Ontario’s new minimum wage will be $16.55 from $15.50 per hour, the hourly minimum wage is presently $14.15. On October 1, 2023, the minimum wage will rise to $15.30. One and a half times the employee’s regular rate serves as the minimum overtime wage. After 8 hours in a single day or 40 hours in a single week, overtime is paid. Some exceptions may apply.
Manitoba’s will be $15.30 from $14.15, the hourly minimum wage is presently $14.15. On October 1, 2023, the minimum wage will rise to $15.30. One and a half times the employee’s regular rate serves as the minimum overtime wage. After 8 hours in a single day or 40 hours in a single week, overtime is paid. Some exceptions may apply.
Nova Scotia’s will be $15 from $14.50, the hourly minimum wage is presently $14.50. On October 1, 2023, the minimum wage will rise to $15 per hour. For any hours beyond 48 worked in a week, the minimum overtime rate is half of the employee’s hourly wage. Some exceptions may apply.
Saskatchewan’s will be $14 from $13.00, For hours worked above 40 in a week, the minimum overtime rate is one and a half times the employee’s usual pay. When an employee works more than their allowed 8 hours in a day, they get paid overtime. If an employee who is scheduled to work 10 hours a day works more than that, they are paid overtime. Some exceptions may apply.
Newfoundland and Labrador
Newfoundland and Labrador’s will be $15 from $14.50, the hourly minimum wage is currently $14.50. On October 1, 2023, the minimum wage will be raised to $15 per hour. For any hours worked over 40 in a week, the minimum overtime wage rate is half of the minimum wage. Some exceptions may apply.
Prince Edward Island
Prince Edward Island’s will be $15 from $14.50, the hourly minimum wage is currently $14.50. On October 1, 2023, the minimum wage will increase to $15 per hour. For hours worked beyond 48 in a week, the minimum overtime wage rate is half of the employee’s typical pay. Some exceptions may apply.
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