Minimum wage in Ontario all set to increase; Read details
Babushahi Bureau
Ontario (Canada), June 16, 2024: The Ontario government is increasing the minimum wage from $16.55 to $17.20 per hour.After British Columbia raised its minimum to $17.40 on June 1, this will be the second-highest provincial minimum hourly wage in Canada.
As per the government, a person who works 40 hours per week and earns the minimum hourly wage will experience an annual salary increase of approximately $1,355.
The new wage hike reportedly represents a 3.9% annualized wage increase based on the Ontario Consumer Price Index (CPI).