Canada Federal Minimum Hourly Wage Increase, Effective April 1, 2024

$17.30 per hour. 

Starting April 1, 2024, the Federal minimum hourly wage in Canada will rise to $17.30 per hour from the previous $16.65. This is approximately a 3.9% annual average increase in the CPI.

The federal minimum hourly wage has been growing steadily from 2021, when the Liberal government scheduled annual wage increases to cope with inflation. Canada minimum wage is adjusted every April 1, depending on the Canadas’ Consumer Price Index for the previous calendar year. 

Facts:

  • The Canadian Government increased Federal Minimum Wage to $16.65 per hour on April 1, 2023.
  • Eleven of 13 provincial and jurisdictions in Canada have increased their hourly minimum wage to or above $15.
  • The gross annual salary for a worker earning minimum wage at 40 hours per week will rise to $36,587, as from April 1, 2024.

Federal Minimum Hourly Wage Overview(2022 to April 1, 2024)

YearFederal Minimum Hourly Wage
2022$15.55
2023$16.65
From April 1, 2024$17.30
Table 1.

In 2022, the federal minimum hourly wage was $15.55, in 2023 it increased to $16.65 per hour, hence jumped to $17.30 per hour in April 2024. Some provinces and territories will see pay increases starting April 1, 2024. According to the Canadian Government, approximately 26,000 Canadians earning less than the upcoming rate will get affected.

Who Gets the Federal Minimum Hourly Wage?

The federal minimum wage will apply to interns and workers in federally regulated sectors. These include postal and courier services, banks, marine transportation, and others. Check the full list of federally regulated sectors on the official federal governments’ website.

Federal Minimum Hourly Wage

The eligibility also depends on how much an individual earns compared to each territory/provinces’ minimum wage. 

“If the minimum wage set by the territory/province you’re employed in is greater than the federal minimum wage, territorial/provincial wage rate will apply to you ”, says the Employment and Social Development Canada. 

That said, all private sector employers under federal regulation are to ensure workers and interns are paid accordingly as from April 1, 2024.

What’s the Minimum Wage In Yukon Canada 2024?

$17.59 per hour.

That is a 4.9 % increase in 2023 Consumer Price Index for Whitehorse from the previous $16.77 per hour.

Yukon leads in increasing minimum wage. It surpassed the federal minimum wage, rising from $16.77 to $17.59 per hour as of March 13. This adjustment aims to enhance workers’ financial well-being.

In addition, federal interns and workers aged 18 years old and below will benefit from this wage hike. This shows a positive step towards addressing income disparities and supporting vulnerable workforce segments in Canada.

Important Links:

It’s important to note that employers under provincial apprenticeship acts are exempt from adhering to the federal minimum wage for registered workers. Also, if employers provide room and/or board, they can marginally reduce wages, but within regulated limits of 50 cents per meal and 60 cents per day for living quarters. Such provisions attempt to balance employer flexibility with worker protection.

Minimum Hourly Wage in Atlantic Provinces and Yukon on April 1st

  • New Brunswick: $15.30 per hour, up from $14.75
  • Newfoundland and Labrador: $15.60 per hour, up from $15.
  • Nova Scotia: $15.20 per hour, up from $15
  • Prince Edward Island: $15.40 per hour, up from $15
  • Yukon: $17.59 per hour, up from $16.77

Important Links

1.Canada Workers Benefit

2.Canada Pension Plan

3.Canada Child Benefit

4.New CRA Benefits 2024: OAS, CWB, CPP, GST/HST

5.CRA Approves $460 for Seniors In Canada

FAQs On Canada Federal Minimum Hourly Wage April 2024

What is minimum wage in Nova Scotia?

$15.20 per hour. The minimum wage in Nova Scotia will rise to $15.20 per hour on April 1, 2024.

Which province has the lowest minimum wage?

Saskatchewan, has the lowest minimum wage at $14.00 per hour.

How many hours a week can you work in Canada?

40 hours a week. If it exceeds, your employer must pay you overtime.

What is the average monthly salary for a full-time worker in Canada?

$44,850 per year or $23 per hour. Experienced workers make up-to $116,788 a year while Entry level starts at $35,497 a year.

Author

  • Scolastica Mundia

    Scolastica is both an author and a profound entrepreneur. Through her writing, she strive to make financial literacy accessible to all. Whether it's budgeting, investing, or planning for the future, she provide insights, strategies, and motivation to help you succeed.

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