Minimum Wage Ontario 2024. This article will provide you with all the essential information about the new minimum wage, including the effective date and the updated rates for various categories of workers. This calculator provides an overview of the annual minimum wage for workers in ontario excluding the compensation of days off and holidays (thus the annual hours worked)
The general and specialized minimum wage rates that will take effect on october 1, 2024 are detailed in the chart below. As of october 1st, 2023, this general minimum wage is set at $16.55 per hour.
As Of April 2024, The Student Minimum Wage Stands At $15.60 Per Hour.
Learn about eligibility and future wage increases.
To Calculate Annual Salary Based On Minimum Wage, Multiply The Hourly Rate By The Number Of Working Hours Per Week And Then By The Number Of Working Weeks Per Year.
Annual increase april 1 each year according the cost of living index (city of whitehorse)
Minimum Wage Ontario 2024 Images References :
This Means That There Hasn’t Been A Recent Announcement Specifically For 2024 (As Of April 19, 2024).
This 3.9 per cent annualized wage increase is based on the ontario consumer price index (cpi) and brings ontario’s minimum wage to the second highest in canada.
Key Details Of The Ontario Minimum Wage Increase.
Minimum wage rates in ontario will increase on october 1, 2024.