The federal new minimum wage in Canada will rise from $16.65 to $17.30 per hour on April 1, 2024, in order to keep up with inflation.

Consequently, the boost of 65 cents will help around 30,000 Canadian workers working in federally regulated sectors. All federally regulated private sectors in Canada, such as banking, postal and courier services, interprovincial air, rail, road, and ocean transportation, are required to pay the federal minimum wage.

Additionally, workers in these industries receive a higher rate if the minimum wage in their province or territory is higher than the federal minimum wage. The Consumer Price Index (inflation) determines the federal minimum wage in Canada each year on April 1st.

Prior to this, on April 1, 2023, the federal minimum wage rose from $15.55 to $16.65. The minimum wage increase in April 2023 was $1.10, as compared to only a 65 cents increase in 2024.

In addition to the increase in the federal minimum wage in Canada, 5 Canadian provinces will also get a new minimum wage effective April 1, 2024. In addition to the rise in the federal minimum wage, Yukon’s minimum wage will also rise by 82 cents, from $16.77 per hour to $17.59, making it the second-highest minimum wage after Nunavut.

Furthermore, the minimum wage in Nova Scotia will increase to $15.20 per hour from the current hourly rate of $15 per hour. Also, starting on April 1, 2024, the minimum wage in New Brunswick will increase from $14.75 per hour to $15.30, an increase of 55 cents.

On April 1, 2024, the minimum wage in Newfoundland and Labrador will likewise increase by 60 cents per hour, to $15.60. Workers in Prince Edward Island (PEI) will also be getting a raise in the April 1 minimum wage hike by 40 cents per hour to $15.40.

Source: Immigration News Canada