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Classified in: Business
Subject: CFG

Federal minimum wage rising to $17.30 per hour on April 1


GATINEAU, QC, March 21, 2024 /CNW/ - Every Canadian deserves a real and fair chance at success. Yet some Canadian workers still struggle financially while working part-time, temporary and low- or minimum-wage jobs.

To keep up with the cost of living, the federal minimum wage will increase from $16.65 to $17.30 per hour on April 1, 2024. This adjustment reflects the 3.9% increase in Canada's annual average Consumer Price Index for 2023 and is aligned with inflation.

Approximately 30,000 employees in the federally regulated private sector will benefit from this raise. Employers are required to adjust their payroll information accordingly to ensure that all employees, including interns, receive the correct hourly wage starting April 1, 2024. Should the provincial or territorial minimum wage rate exceed the federal rate, employers must pay the higher of the two.

For more information, please refer to the Pay and minimum wage, deductions, and wage recovery webpage or contact the Labour Program at 1?800?641?4049.

Quote

"Everyone's feeling the pinch of inflation. So, wages must keep up with the cost of living."
? Minister of Labour and Seniors, Seamus O'Regan Jr.

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SOURCE Employment and Social Development Canada


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