There are significant changes regarding the minimum wage in Ontario, which will be effective from October 1, 2023. These changes are part of the government’s initiative to ensure fair compensation for all workers in the province.

Current Minimum Wage Rates:

• General Minimum Wage: $15.50 per hour
• Student Minimum Wage: $14.60 per hour

New Minimum Wage Rates (Effective October 1, 2023):

• General Minimum Wage: $16.55 per hour
• Student Minimum Wage: $15.60 per hour

This means that all employees, regardless of their status, will see an increase in their minimum hourly wage. These changes are in line with the government’s efforts to improve the economic well-being of workers and reflect the evolving cost of living.

For employers, it is crucial to update your payroll systems and ensure that all affected employees receive the appropriate increase in their hourly wage starting October 1, 2023.