Courtesy of Barrie360.com and Canadian PressPublished: Oct 1st, 2023
Toronto
Ontario’s minimum wage rises today to $16.55 an hour.
The increase is tied to inflation, and is up 6.8 per cent from the previous rate of $15.50 an hour.
The province first announced the increase in March, in order to give businesses time to plan.
Labour advocates and opposition critics have said Ontario should introduce a $20 minimum wage.
The Ontario Living Wage Network says a living wage in the Greater Toronto Area is around $23 an hour.
The Progressive Conservatives cancelled a planned minimum wage increase from $14 to $15 per hour after they took office in 2018, then raised it to $15 in January of last year and tied later increases to inflation.
Business Mentor at Ask For Directions Training and Grow Vantage 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.