The minimum wage in federally regulated sectors across Canada saw a rise from $16.65 to $17.30 per hour starting April 1, 2024, as reported by HRD America.
The adjustment signifies an approximate 3.9% increase compared to the previous rate, and is expected to impact around 26,000 individuals earning less than the upcoming rate.
Workers in various sectors in Canada are impacted by the revised pay rate, including those in air transportation, banking, and postal services, among others.
This adjustment takes place annually based on Canada’s Consumer Price Index from the previous year.
In 2021, a federal minimum wage of $15 per hour was established by Canada Labour Code and indexed to inflation.
The federal minimum wage rose to $16.65 per hour in April 2023, up from the prior rate of $15.55 per hour.
Minimum Wage Across Provinces:
- Nunavut took the lead at the beginning of 2024 with the highest minimum wage in Canada by raising its minimum hourly rate to $19.
- British Columbia is set to increase its minimum wage from $16.75 to $17.40 per hour starting June 1, 2024.
- Yukon saw its base salary rise to $17.59 per hour from the current rate of $16.77 on April 1, 2024.
- Since the above provincial rates are higher than the federal minimum wage, federally regulated workers in these regions are entitled to their respective province’ or territory’s minimum wage rate.
- In contrast, some parts of Canada maintain minimum wage rates lower than the federal standard, with Saskatchewan holding the lowest at $14.00 per hour.
