The minimum wage has increased from $16.55 per hour to $17.20 as of Tuesday, which brings Ontario’s minimum wage to the second highest in Canada after British Columbia.
In 2023, the province said there were 935,600 workers in Ontario earning at or below $17.20 per hour. The 65-cent raise will result in an additional $1,355 per year for a general minimum wage worker who works 40 hours per week.
The nearly four-per cent annualized wage increase is based on the Ontario Consumer Price Index (CPI) and the living wage adjustment which was won by the Workers’ Action Centre in 2014.
The minimum wage adjustment is a measure of inflation that represents changes in prices experienced by Ontario consumers, according to a release from the provincial government back in March.
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Meanwhile, student wages have increased from $15.60 to $16.20 for students. These wages apply to residents under 18 years old, who work 28 hours a week or less during school.
The minimum wage for homeworkers, who do paid work in their own homes, has increased from $18.20 to $18.90. This also includes students under the age of 18 who are employed as homeworkers. Independent contractors are not considered homeworkers.
The government says it will announce details about the next minimum wage increase on or before Apr. 1 next year.
