Federal Minimum Wage Rising $1.10/Hour on April 1
APPLIES TO THE FEDERALLY REGULATED PRIVATE SECTORS, INCLUDING BANKS, POSTAL AND COURIER SERVICES
Courtesy Barrie 360 and Canadian PressPublished: Mar 22nd
The federal minimum wage is rising to $16.65 per hour on April 1, up from $15.55.
The government says the increase is based on the consumer price index, which rose 6.8 per cent in 2022.
The federal minimum wage applies to the federally regulated private sectors, including banks, postal and courier services, and interprovincial air, rail, road, and marine transportation.
Ottawa set a federal minimum wage of $15 per hour in 2021 and increases it each year based on inflation.
The changes are made every year on April 1.
Where the provincial or territorial minimum wage rate is higher than the federal rate, employers must apply the higher amount.
Patricia is the Business Mentor and owner of Grow Vantage and a Past President of the Barrie Chamber of Commerce. She applies over 30 years of business experience (from start-up to corporate) to mentor entrepreneurs. Since 2011, she has held over 6,500 coaching and training sessions in-person and online. Through Ask For Directions Training, her entrepreneurial training program (and parent company Grow Vantage), and as a business coach, she works with start-ups who are new (or who have lost traction) to design, launch and grow their businesses. Along with 20 other expert instructors she teaches strategies in marketing, sales, communications, and finance, as well as practical techniques to increase productivity, and manage their businesses. In other words, everything entrepreneurs need to learn to grow and run their businesses successfully, and avoid the costly mistakes they can't even see coming - that lead to delays in growth and getting stuck.
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