{"id":16223,"date":"2024-03-26T16:36:11","date_gmt":"2024-03-26T16:36:11","guid":{"rendered":"https:\/\/www.fundsspectrum.com\/2024\/03\/26\/wage-hike-alert-canadas-federally-regulated-employees-to-earn-17-30-hour-starting-april-1\/"},"modified":"2024-03-26T16:36:11","modified_gmt":"2024-03-26T16:36:11","slug":"wage-hike-alert-canadas-federally-regulated-employees-to-earn-17-30-hour-starting-april-1","status":"publish","type":"post","link":"https:\/\/www.fundsspectrum.com\/2024\/03\/26\/wage-hike-alert-canadas-federally-regulated-employees-to-earn-17-30-hour-starting-april-1\/","title":{"rendered":"\u201cWage Hike Alert: Canada\u2019s Federally Regulated Employees to Earn $17.30\/Hour Starting April 1\u201d"},"content":{"rendered":"
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In a move to support workers in federally regulated sectors, Canada is set to increase the federal minimum wage by 65 cents on April 1, raising it from $16.65 to $17.30 per hour.<\/p>\n

This adjustment follows the government\u2019s commitment to annual increases since 2021 to keep pace with inflation. At that time, the Canada federal minimum wage<\/a> was $15, marking a steady rise over the years.<\/p>\n

The increase in the federal minimum wage is based on Canada\u2019s Consumer Price Index (CPI) for the previous calendar year. In 2023, the CPI recorded an annual average increase of 3.9 percent, influencing the upcoming wage adjustment.<\/p>\n

Who Is Eligible for the Pay Bump?<\/strong><\/h2>\n

The federal minimum wage increase<\/a> specifically applies to workers in federally regulated industries, which encompass a range of sectors such as air transport, banking, postal services, and telecommunications including telephone and cable systems. A comprehensive list of federally regulated industries can be found on the federal government\u2019s website.<\/p>\n

Eligibility for the pay increase also depends on how the federal minimum wage compares to each province and territory\u2019s minimum wage. If the minimum wage set by the province or territory of employment is higher than the federal minimum wage, the provincial or territorial wage rate takes precedence.<\/p>\n

Exceptions to the federal minimum wage apply to workers under certain circumstances. For instance, federal interns and workers under the age of 18 will also receive the pay increase. Additionally, workers registered under and paid according to a provincial apprenticeship act are exempt from the federal minimum wage requirements.<\/p>\n

What If You Don\u2019t Work Hourly?<\/strong><\/h2>\n

For federal workers not paid on an hourly basis, they must receive at least the equivalent of the minimum wage. This is determined by dividing the salary amount by the number of hours worked or establishing a rate equivalent to the minimum wage, as determined by the Minister of Labour.<\/p>\n

Minimum Wage Across Canada<\/strong><\/h2>\n

While the federal minimum wage 2024<\/a> is set to increase, several provinces and territories in Canada have already made or are planning further adjustments to their minimum wages:<\/p>\n