How Much Is Minimum Wage In Ontario 2024. Minimum wage rates in ontario will increase on october 1, 2024. Effective october 1, 2023 | the general minimum wage in ontario is $16.55 per hour, a 6.8% increase from the previous rate of $15.50 per hour.


How Much Is Minimum Wage In Ontario 2024

Who qualifies for the minimum wage? Minimum wage rate (before october 1, 2024):

In 2023, The Minimum Wage In Ontario Was $15.50.

As of january 1, 2024, the minimum wage in ontario is $16.55 per hour, representing a 6.8% increase from the previous rate of $15.50 per hour set on october 1, 2022.

This 3.9 Per Cent 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.

The general and specialized minimum wage rates that will take effect on october 1, 2024 are detailed in the chart below.

How Much Is Minimum Wage In Ontario 2024 Images References :

The Rate Became Effective On October 1, 2023 And Will Be In Effect Till September 30, 2024.

Multiply the result from step 1 by 52 (weeks in a year) for a rough yearly estimate.

In The Province Of Ontario, Canada, Minimum Wage Rates Are Updated Annually On October 1St Based On Inflation And The Consumer Price Index.

So, employers will have to pay employees with the same hourly rate.