Human Resources Legislative Update
Federal Minimum Wage to Increase April 1, 2024
Date: March 22, 2024
The federal government has announced that, effective April 1, 2024, the federal minimum wage will increase from $16.65 to $17.30 per hour.
The increase applies to the federally regulated private sectors, including banks, postal and courier services, telecommunications, and interprovincial air, rail, road and marine transportation.
The federal minimum wage is adjusted on an annual basis based on Canada’s annual average Consumer Price Index (CPI) from the prior calendar year. This April 1 adjustment reflects the 3.9% increase in Canada’s annual average CPI for 2023.
As stated in the announcement, employers must ensure that their payroll information is adjusted accordingly, so that all employees (including interns) receive the correct hourly wage as of April 1, 2024. Note that if the applicable provincial or territorial minimum wage rate exceeds the federal rate, federal employers must pay the higher of the two.
The article in this client update provides general information and should not be relied on as legal advice or opinion. This publication is copyrighted by Hicks Morley Hamilton Stewart Storie LLP and may not be photocopied or reproduced in any form, in whole or in part, without the express permission of Hicks Morley Hamilton Stewart Storie LLP. ©
