Hourly Minimum Wage In Ontario If you re earning minimum wage in Ontario you can look forward to a pay raise of just under four per cent starting Tuesday Effective Oct 1 the minimum hourly wage rises to 17 20 up from 16 55
The minimum wage rates are set by provincial legislation and are subject to periodic reviews and adjustments to keep pace with economic conditions and cost of living changes As of 2024 the general minimum wage in Ontario stands at 16 55 per hour However specific rates may vary based on factors such as age job type and work hours General minimum wage 17 20 per hour Student minimum wage 16 20 per hour Homeworkers wage 18 90 per hour Hunting fishing wilderness guides minimum wage 86 00 per day less than five consecutive hours in a day 172 05 per day five or more hours in a day whether or not the hours are consecutive Ontario minimum wage changes
Hourly Minimum Wage In Ontario
Hourly Minimum Wage In Ontario
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Projected Minimum Wage 2025 Ruth A Paige
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Minimum wage vs living wage in Ontario While the minimum wage is the legal minimum employers must pay the living wage is what workers need to earn to cover the actual cost of living in their region According to the Ontario Living Wage Network the living wage in the Greater Toronto Area is 25 05 per hour 2023 This figure accounts for essentials like housing food transportation and The CPI rose by 3 9 per cent resulting in an increase in 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
Ontario s minimum wage is one of the highest in the country This 3 9 per cent increase is tied to the Consumer Price Index meaning that a worker making the general minimum wage over a 40 hour work week will have up to 1 355 more in their pockets every year Our fair and balanced approach makes things predictable for both workers and The minimum wage in Ontario saw its first increase of 2024 on October 1 2023 rising from 16 50 the rate before 2022 to 16 55 per hour The next scheduled increase will occur on October 1 2024 bringing the minimum wage up to 17 20 per hour
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The current minimum wage in Ontario is 16 55 per hour as of October 26 2024 To calculate annual salary based on minimum wage multiply the hourly rate by the number of working hours per week and then by the number of working weeks per year As of October 1 2024 Ontario s minimum wage has increased from 16 55 to 17 20 per hour Additionally the student minimum wage increased to 16 20 per hour from 15 50 This 3 9 percent annualized wage increase is based on the Ontario Consumer Price Index CPI and will bring Ontario s minimum wage to the second highest in Canada
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Hourly Minimum Wage In Ontario - Ontario s minimum wage is one of the highest in the country This 3 9 per cent increase is tied to the Consumer Price Index meaning that a worker making the general minimum wage over a 40 hour work week will have up to 1 355 more in their pockets every year Our fair and balanced approach makes things predictable for both workers and