Human Resources Legislative Update
Ontario Tables Budget 2022
Date: April 29, 2022
From a human resources perspective, the Budget reviews a number of initiatives previously announced (e.g. general minimum wage to increase to $15.50 on October 1, 2022, a commitment to consult on a target benefit plan framework and implement a permanent framework by the end of 2023 before the Specified Ontario Multi-Employer Pension Plan rules expire in 2024).
The Ontario Legislature rose on April 28, 2022 and is set to resume sitting on September 12, 2022, after the general election.
The Budget would have to be reintroduced should the current government be re-elected.
Editor’s Note: This post has been updated from its original publication.