A consultant with the Financial institution of Canada shows the brand new polymer $5 and $10 financial institution notes alongside the $20, $50, and $100 throughout a press convention on the Financial institution of Canada in Ottawa on Tuesday, April 30, 2013. THE CANADIAN PRESS/Sean Kilpatrick
TORONTO --
Employment and Social Growth Canada (ESDC) has introduced that the federal minimal wage will enhance from $15 to $15.55 per hour on April 1, 2022.
The federal minimal wage solely applies to these working in federally-regulated industries, similar to banks, postal providers, interprovincial transportation and federal Crown firms. For workers working in industries that aren't regulated by the federal authorities, the provincial minimal wage applies.
ESDC says the 55-cent minimal wage enhance displays the three.4 per cent enhance within the annual common client value index from 2021, as reported by Statistics Canada.
In provinces and territories which have the next minimal wage than the federal charge, the upper wage will apply. Presently, that solely applies to Nunavut, which has a minimal wage of $16 per hour. Yukon can also be growing its minimal wage to $15.70 per hour on April 1.
Different provinces introducing greater minimal wages on April 1 embrace P.E.I., New Brunswick, Newfoundland and Labrador and Nova Scotia. Ontario hiked its minimal wage to $15 per hour on Jan. 1 whereas Quebec's minimal wage will go as much as $14.25 on Might 1.
Nevertheless, advocates say these will increase aren't sufficient to account for the price of residing in most communities. Dwelling Wage Canada says wages have to be at the very least $20.52 per hour in Vancouver, $18.60 in Calgary, $22.08 in Toronto and $18.60 in Ottawa for working households to cowl fundamental bills.
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