Last Updated On 10 February 2024, 11:30 PM EST (Toronto Time)
New immigrants planning on choosing Canada do wonder what the new minimum wage in Canada 2024 would be and how it varies from one region to another.
Furthermore, Canadian residents also wonder when there will be a new minimum wage raise in their particular province, given the spike in inflation over the last couple of years.
The Nunavut government has already raised the minimum wage from $16.00 to $19.00 per hour, effective January 1, 2024, and this is officially the highest minimum wage in Canada.
In Canada, the minimum wage is the lowest wage rate that a company must lawfully pay their employees.
The Government of Canada determines the federal minimum wage, which is applicable to all federal government organizations regardless of their province.
While provincial governments set their own provincial minimum wages for employees of the provincial government and private employers operating in a particular province,.
In order to ensure that pay keeps pace with inflation for a particular year, Canada and the majority of the provinces annually revise these minimum wages.
In this article, we enlist the minimum wage in Canada and for all the Canadian provinces that are currently applicable, as well as the next expected raise schedule.
A new minimum wage in Canada 2024 for federally regulated sectors
The new minimum wage for federally regulated private sectors will be adjusted on April 1, 2024, to reflect Canada’s Consumer Price Index (CPI) for the year 2023.
The current federal minimum wage in Canada is $16.65 per hour, which was updated on April 1, 2023, based on the CPI in 2022. Previously, it cost $15.55 per hour.
Employees and interns in federally controlled commercial sectors, including banking, postal and courier services, and interprovincial air, rail, road, and maritime transportation, are part of the federally regulated private sector.
The new hike, on April 1, 2024, is predicted to be roughly $17.17 per hour, right after the first quarter of 2024.
This figure is based on a 12-month moving average CPI of 3.1% that Statistics Canada reported in October 2023.
New Minimum Wage in Nova Scotia
According to current inflation rates, Nova Scotians can expect a 4.1% increase in the minimum wage by 2024.
This province has established a norm for adjusting the minimum wage on April 1 in accordance with the inflation rate plus an additional 1%.
As a result, Nova Scotians can expect a wage hike from $15 to $15.60 per hour beginning April 1, 2024.
Prince Edward Island’s new minimum wage
The minimum wage on Prince Edward Island is already planned to rise to $15.40 per hour on April 1, 2024.
Previously, the minimum wage in PEI was raised from $14.50 to $15 per hour on October 1, 2023.
Furthermore, the minimum wage will increase to $16 per hour on October 1, 2024.
Expected increase in New Brunswick’s minimum wage
New Brunswick is also likely to revise its minimum wage in accordance with the Consumer Price Index (CPI), as it did in 2023.
Currently, New Brunswick’s minimum wage is $14.75 per hour, up from $13.75 per hour on April 1, 2023.
The new minimum wage in New Brunswick is estimated to reach around $15 per hour on April 1, 2024.
Minimum Wage Increase for Yukon
Yukon will likewise raise its minimum wage on April 1, 2024, based on the annual inflation rate.
Yukon now has a minimum wage of $16.77 per hour, which is scheduled to rise above $17.62 per hour on April 1, 2024.
Ontario’s Minimum Wage Increase 2024
Even Ontario will announce the amount of the minimum wage that will be increased on or before April 1, 2024.
This new minimum wage, although announced on April 1, 2024, will actually come into effect on October 1, 2024.
If we expect a minimal $1 raise, the minimum wage in Ontario will still increase to $17.55 per hour.
New Minimum Wage in Canada: Next Raise Schedule
| Geography | Minimum Wage as of October 1, 2023 | Next Raise Date | Next Raise Estimate |
|---|---|---|---|
| Ontario | $16.55 | October 1, 2024 | $17.65 |
| Manitoba | $15.30 | October 1, 2024 | $16.00 |
| Nova Scotia | $15.00 | October 1, 2024 | $15.50 |
| Saskatchewan | $14.00 | October 1, 2024 | $15.00 |
| Newfoundland & Labrador | $15.00 | October 1, 2024 | $15.50 |
| Prince Edward Island | $15.00 | October 1, 2024 | $15.50 |
| Canada (Federally regulated private sectors) | $16.65 | April 1, 2024 | $17.75 |
| New Brunswick | $14.75 | April 1, 2024 (Expected) | $15.50 |
| Alberta | $15.00 | To Be Decided (TBD) | TBD |
| British Columbia | $16.75 | June 1, 2024 | $17.75 |
| Quebec | $15.25 | May 1, 2024 | $16.25 |
| Nunavut | $16.00 | April 1, 2024 | TBD |
| Northwest Territories | $16.05 | September 1, 2024 | $17.00 |
| Yukon | $16.77 | April 1, 2024 | $17.50 |
Which province has the highest minimum wage in Canada for 2024?
The Canadian territory of Nunavut has the highest minimum wage in Canada of $19.00 per hour, effective January 1, 2024.
What is the Ontario Minimum Wage 2024 Raise Schedule?
The Ontario government will make any increases to the minimum wage public on or before April 1, 2024, and they will take effect on October 1, 2024.
Minimum wage rates are typically adjusted annually depending on the rate of inflation and updated as the rate of inflation changes.
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