The Provincial Government increased minimum wage by 3.9 per cent, effective Tuesday, October 1, 2024.
With the increase, minimum wage will go from $16.55 to $17.20 per hour, and $15.60 to $16.20 per hour for students under 18-year- old.
The increase is calculated based on the Ontario Consumer price Index as a method to combat increased inflation rates.
“Today, the general minimum wage in Ontario increases from $16.55 per hour to $17.20, helping nearly one million workers earn more money for themselves and their families,” said David Piccini, Minister of Labour, Immigration, Training and Skills Development. “This 3.9 per cent increase imeans that a worker making the general minimum wage over a 40-hour work week will have up to $1,355 more in their pockets every year. Our fair and balanced approach makes things predictable for both workers and businesses.”
Ontario’s wage increase is the second largest in Canada and will also include liquor servers that have not seen an increase since 2021. The province will be second to British Columbia in its minimum-wage rate.
