The minimum wage has long been a contentious issue in Canada, as workers, companies, and politicians attempt to strike a balance between equitable remuneration and the realities of the market economy. As the cost of living grows, especially in metropolitan areas, many low-income workers depend on government-mandated minimum wage hikes to get by.
In response to these problems, some Canadian provinces have recently changed their minimum wage, with four provinces (Ontario, Manitoba, Saskatchewan, and Prince Edward Island) implementing new pay rules beginning October 1, 2024. These changes are part of a larger trend in the nation to raise pay to assist workers deal with inflation and other economic stresses.
Canada Minimum Wage Increases
The latest salary increases, announced earlier this year, take effect on October 1, 2024, affecting workers in various provinces. Here’s a breakdown of salary growth in Ontario, Manitoba, Prince Edward Island, and Saskatchewan, as well as a quick overview of previous and present wage patterns in other locations.
Minimum Wage Increases by Province
| Province | Old Minimum Wage | New Minimum Wage (as of Oct 1, 2024) | Increase |
|---|---|---|---|
| Ontario | $16.55 | $17.20 | $0.65 |
| Manitoba | $15.30 | $15.80 | $0.50 |
| Prince Edward Island | $15.40 | $16.00 | $0.60 |
| Saskatchewan | $14.00 | $15.00 | $1.00 |
Canada Wage Changes in Detail
Ontario
Ontario’s minimum wage increased by 65 cents, from $16.55 to $17.20 per hour. This hike will have a substantial effect on full-time minimum-wage workers, who can expect to earn an additional $1,355 per year if they work 40 hours per week. Ontario has one of the highest minimum salaries among provinces, however it falls short in other territories, such as Nunavut.
Manitoba
Manitoba’s minimum wage increased by 50 cents, from $15.30 to $15.80 per hour. While the pay rise delivers a tiny economic boost, Manitoba still has one of the lowest minimum salaries in Canada. However, this shift is part of a larger initiative to help workers deal with inflationary pressures.
Prince Edward Island
Workers on Prince Edward Island saw their minimum wage jump by 60 cents, from $15.40 to $16.00 per hour. This is the province’s second rise this year; the first occurred in April 2024. The province is dedicated to increasing worker pay, especially when the labour market changes to economic realities.
Saskatchewan
Saskatchewan had the greatest relative rise, with the minimum wage increasing by $1, from $14.00 to $15.00 per hour. Despite this large increase, Saskatchewan’s minimum wage is still the lowest in the nation among provinces. The provincial administration intends to continue evaluating pay rules as part of a larger campaign to guarantee equitable remuneration for workers.
Also See: New $2400 Federal Benefit Payment for Canadians, Check If You Are Eligible
