Minimum Wage Increasing to $16.55/Hour
As of October 1st 2023, the government will be raising the minimum wage from $15.50 to $16.55 per hour to help families offset the cost of living. This will make Ontario the highest minimum wage in the country.
There were more than 940,000 workers earning $16.55 per hour or less in 2022, the majority of whom are women.
This 6.8% rase will mean an increase of nearly $2,200 annually for minimum wage workers working 40 hours per week.
Special minimum wage rates will also increase:
- Students under the age of 18, who work 28 hours a week or less when school is in session or work during a school break or summer holidays, from $14.60 to $15.60 an hour.
- Homeworkers (those who do paid work out of their own homes for employers), from $17.05 to $18.20 an hour.
- Hunting, fishing and wilderness guides, from $77.60 to $82.85 per day when working less than five consecutive hours in day, and $155.25 to $165.75 per day when working five or more hours in a day.