ONTARIO-The Ontario government is raising the minimum wage from $17.20 to $17.60 an hour, effective October 1, which will support over 800,000 workers.
This annualized wage increase of 2.4 per cent is based on the Ontario Consumer Price Index (CPI).
“At a time when many families are feeling the pressure of global economic uncertainty, our government will protect Ontario workers with a minimum wage increase that supports our world-class workforce,” said David Piccini, Minister of Labour, Immigration, Training and Skills Development. “We will continue to take action to build a strong, resilient workforce ready to face whatever comes our way.”
As a result of the changes, a worker making the general minimum wage and working 40 hours per week will get an annual pay increase of more than $800. Under the Employment Standards Act, Ontario’s minimum wage increases annually based on the Ontario CPI, a measure of inflation that represents changes in prices experienced by Ontario consumers.
Over the past seven years, Ontario’s minimum wage has increased from $14 per hour in 2018 to $17.60 as of today. This latest increase brings Ontario’s minimum wage to the second highest provincial rate in Canada.
