Reference to the CFA’s Advocacy Update from May 5, 2022

The Saskatchewan government is boosting the minimum wage to $13 per hour in October and says it will increase it to $15 in 2024.

On Monday, Premier Scott Moe announced during question period that the provincial government was considering increasing the minimum wage based on the market and said the increase would be “substantial.”

Saskatchewan has the lowest minimum wage in Canada at $11.81 per hour.

On Tuesday, the government announced the minimum wage will increase over next three years. This October it will move to $13, in October 2023 it will go to $14 and in October 2024 it will reach $15.

The province says it has a formula based on the inflation rate which dictates how much the wage increases annually. Moe said Monday that after the hike, Saskatchewan would go back to the following the formula.

Before the last hike in October, the minimum wage was $11.45. Alberta’s minimum wage has been $15 since 2018.

When the increase takes effect, Saskatchewan will have the second-lowest minimum wage. Manitoba will reach $12.35 in October. New Brunswick’s hourly wage will increase from $12.75 to $13.75 in October.