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2024 Minimum Wage in Canada

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January 29, 2025

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2024 Minimum Wage in Canada: What You Need to Know

Just before you move, have a look at this guide that breaks down the minimum wage in Canada. We all understand that the cost of relocating is pretty much expensive and getting a job is probably the next best thing. Do you know what the minimum wage is for the work you are looking to get or the province you are thinking of living in?

Well, here’s what you need to know.

What’s the Minimum Wage in Canada?

The minimum wage in Canada varies depending on the province or territory. Each jurisdiction sets its own minimum wage, taking into account factors such as cost of living, economic conditions, and legislative priorities. It's crucial for employees to be aware of the minimum wage applicable in their respective region to ensure fair compensation for their work.

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Who Determines Minimum Wages? When Was the Last Increase?

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Provincial and territorial governments typically determine minimum wage rates in Canada. These authorities often review and adjust minimum wage rates to align with changing economic realities and societal needs.

The Canadian government has increased minimum wage rates. The Federal minimum wage is now $17.30 per hour. This change took effect on April 1st. Each province and territory can decide on its own minimum wage for government employees and private sector workers.

Here are the latest increase in the minimum wage across different regions of Canada in 2024:

Ontario: Currently at $16.55, with the next increase scheduled for October 1, 2024, to an estimated $17.65.
Manitoba: Presently at $15.30, with a projected increase to $16.00 on October 1, 2024.
Nova Scotia: Currently $15.00, with an expected increase to $15.50 on October 1, 2024.
Saskatchewan: At present, $14.00, with a projected increase to $15.00 on October 1, 2024.
Newfoundland & Labrador: Currently at $15.00, with an expected increase to $15.50 on October 1, 2024.
Prince Edward Island: Presently at $15.00, with a projected increase to $15.50 on October 1, 2024.
In Canada, the minimum wage is currently $16.65 and will increase to $17.75 on April 1, 2024.
New Brunswick: Currently at $14.75, with an expected increase to $15.50 on April 1, 2024.
Alberta is currently at $15.00, and the next increase date and amount have not been determined yet.
British Columbia: Currently at $16.75, with the next increase scheduled for June 1, 2024, to an estimated $17.75.
Quebec: Presently at $15.25, with a projected increase to $16.25 on May 1, 2024.
Nunavut's current price is $16.00, and the next increase is scheduled for April 1, 2024, with the amount yet to be determined.
Northwest Territories: At present, $16.05, with a projected increase to $17.00 on September 1, 2024.
Yukon: Currently at $16.77, with the next increase scheduled for April 1, 2024, to an estimated $17.50.

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Does the Minimum Wage Differ by Age in Canada?

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In Canada, minimum wage rates generally apply to all workers, regardless of age. However, certain provinces and territories may have special provisions for specific age groups or types of employment. Getting to know the relevant policies in your territory is essential for you to understand any important change.

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What’s the Living Wage in Canada?

The minimum wage sets a baseline for pay. Considering the concept of a living wage can help you determine if your income is sufficient for your needs. The living wage is the income needed to cover essential expenses such as housing, food, transportation, and basic needs. It takes into account the varying cost of living in different regions.

The living wage in Canada varies depending on factors such as location, family size, and lifestyle preferences. Living wage calculations determine the amount of money needed to live comfortably. This amount is usually higher than the minimum wage.

Considering moving to Canada? Pesa offers savings on international money transfers. Save with Pesa.

When you move, you can choose to open a regular bank account or use the Pesa app for international money transfers. Opening a traditional bank account is one option. Alternatively, you can use the Pesa app to send and receive money globally. Regular banks charge high fees and have unfair rates for sending money abroad.

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Pesa, on the other hand, does not have any fees and offers better rates for sending money internationally. This makes Pesa a more cost-effective option for sending money overseas. What does this mean for you? You’re getting all the value for your money…at no extra cost.

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Pesa has multi-currency wallets that let you send, receive, and manage money in different currencies simultaneously. When you work in Canada, you can send money to over 40 countries and make seamless currency conversions. Some of these countries include the United States, UK, India, China, and Australia.

International money transfers to these countries are easy. You can also convert your Canadian dollars to Indian rupees, Australian dollars, Nigerian naira, and more. Your transfers will be on time and without delays.

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Best Site to Get a Job in Canada

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Here is an extra tip. Look at some of the best sites for finding jobs in Canada include:

These websites have many job listings in different industries and locations, which can help people find jobs in Canada.

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Create a PESA account today - and start sending money now.

You can download Pesa on iOs and all Android stores.

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