In an effort to “keep pace with the inflation”, Canada’s minimum wage will be increasing by $1.10 (INR 67.33) from April 1, 2023.
Canada’s Minister of Labour, Seamus O’Regan Jr. recently quoted, “The cost of living is rising, so we’re making sure that wages keep going up too. We’re looking after workers because that’s how you grow the economy and create more prosperity for everyone.”
Quick Facts
- The federal minimum wage in Canada will increase to $16.65 (INR 1,019.15) as of April 1, 2023.
- The updated federal minimum wage applies to workers and interns in federally regulated private sectors, including banks, postal & courier services, and interprovincial air, rail, road, & marine transportation.
- With the rise in the federal minimum wage, employers must now pay their employees whichever rate is higher between the federal minimum wage and the minimum wage in their province/territory of operation.
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The pay raise is important in terms of attracting and retaining top talent in the country. The professions mentioned on the Canada occupation in-demand list, and many could earn higher salaries in their respective sectors. By increasing federal wages, the government is sending a clear signal that it values the work of its employees and is willing to invest in their skills and expertise.
For detailed news and the updated minimum wages in each province/territory: Click Here!
https://www.cictimes.com/canada-increases-federal-minimum-wage-by-7-from-april-1
