MR
  • Insurance
  • Mortgages
  • Debt Management
  • Personal Finance
  • Credit Cards
  • Retirement Planning
  • News
No Result
View All Result
Contact Us
MR
  • Insurance
  • Mortgages
  • Debt Management
  • Personal Finance
  • Credit Cards
  • Retirement Planning
  • News
No Result
View All Result
MR
No Result
View All Result
Home Personal Finance

What Is The Minimum Wage in Ontario in 2024?

Adeola Adegoke by Adeola Adegoke
January 10, 2024
A A
minimum wage in Ontario
609
SHARES
3.4k
VIEWS
Share on FacebookShare on Twitter

The current minimum wage in Ontario is $16.50 per hour. On the 5th of April, 2022, the  Ontario government announced that the minimum wage would increase to $16.55 per hour, effective October 1, 2023.

The student minimum wage in Ontario is $15.60 per hour. The Ontario government also announced the increase in student minimum wage from $14.60 to $15.60 per hour, effective October 1, 2023.

This minimum wage rate is the lowest amount an employer can pay an employee. The general minimum wage applies to most employees working full-time, part-time, or hourly in Ontario.

The Ontario provincial government determines the minimum wage in Ontario, which is adjusted occasionally to reflect inflation and employees’ working conditions.

Minimum Wage Rates in Ontario

Minimum Wage Rate

Rates from October 1, 2022 to September 30, 2023

Rates from October 1, 2023 to September 30, 2024

General minimum wage

$15.50 per hour

$16.55 per hour

Student minimum wage

$14.60 per hour

$15.60 per hour

Liquor servers minimum wage

$15.50 per hou

$16.55 per hour

Homeworkers wage

$17.05 per hour

$18.20 per hour

Hunting, fishing, and wilderness guides minimum wage

$77.60 for five consecutive hours in a day

$82.85 for five consecutive hours in a day

General Minimum Wage

The general minimum wage rate applies to most employees in Ontario. If you are in Ontario and do not fall under the other categories of rates, like students or homeworkers, then the general minimum wage applies to you.

So, if you work for 38 hours and are paid on a weekly basis, you should expect to receive $627.00 as weekly pay (38 hours x $16.50 per hour).

Student Minimum Wage

The student minimum wage rate applies to Ontario students under 18 years who work 28 hours weekly or less when school is in session. The rate also applies to students who work during school breaks or summer holidays.

Previously, students in Ontario received $14.60 till it was increased to $15.60 per hour on October 1, 2023.

Ontario students who work more than 28 hours a week when school is in session are entitled to receive the general minimum wage of $15.50 per hour.

Liquor Servers Minimum Wage

There is no special minimum wage rate in Ontario for liquor servers. The special rate for liquor servers was eliminated on January 1, 2022.

Liquor servers in Ontario are now entitled to earn the minimum wage. This is a huge increase of 19.5% in liquor servers’ wages from the $12.55 per hour wage rate.

Homeworkers Minimum Wage

Generally, homeworkers are employees who do paid work in their homes, such as sewing clothes for a clothing manufacturer, writing software for a high-tech company, or answering calls for a call centre.

Even students who are employed as homeworkers, regardless of their age, are entitled to receive the homeworker’s minimum wage.

Hunting, Fishing and Wilderness Guides Minumum Wage

The minimum wage rate for hunting, fishing and wilderness guides is based on time blocks and not by the hour.

There are different rates for working less than five consecutive hours in a day and working five hours or more in a day, even when the hours are not consecutive.

Wilderness guides are employed to teach, guide, or assist persons while they engage in activities in a wilderness environment, like hiking, dogsledding, rock climbing, canoeing, kayaking, rafting, etc.

RELATED: 2024 Minimum Wage in Canada By Province

Minimum Wage in Ontario Vs. Living Wage

A living wage is the amount of money a worker needs to earn to cover their basic living expenses, such as food, housing, transportation, and healthcare.

In Ontario, the average living wage is estimated to be around $19.72 per hour. The living wage varies depending on the region and family size.

According to the Ontario Living Wage Network (OLWN), Toronto workers must earn up to $23.15 per hour to survive, the highest of all the cities in Ontario. London-Elgin-Oxford is the city with the lowest living wage at $18.05.

Living wage in Ontario has increased in recent times because of the hike in the cost of things, the rising consumer price index, and inflation.

RELATED: Minimum Wage In Alberta for 2024

Minimum Wage Increases in Ontario

The government reviews and adjusts the minimum wage annually on or before October 1st of each year in Ontario, based on the inflation rate. In other provinces,

The government has recently announced an increase in the current minimum wage from $15.50 per hour to $16.55 per hour, effective October 1, 2023.

The rate was previously increased by 3.33% from $15.00 per hour on October 1, 2022, and will now increase by 6.8%, as announced.

Employers must pay their employees at least the minimum wage rate set by the government in their jurisdiction. If the minimum wage increases, employers must adjust their employees’ pay accordingly to comply with the new rate.

RELATED: What is The Minimum Wage in Quebec (2024)

Final Thoughts On Ontario Minimum Wage

If you’re living and working in the province, knowing the current minimum wage rates and any upcoming changes is essential.

The minimum wage is an important aspect of any economy, as it directly affects the livelihoods of workers.

In this article, we’ll explore the minimum wage rates in Ontario, including the general minimum wage, student minimum wage, homeworkers minimum wage, and more.

Keeping up-to-date with the current minimum wage rates and any upcoming changes is crucial for employers and employees alike. So, join us as we navigate the world of Ontario’s minimum wage.

Previous Post

The 10 Best Crypto Wallets in Canada For 2024

Next Post

25 Cheapest Places to Live in Canada in 2024

Related Stories

how long does e-transfer take
Personal Finance

How Long Does e-Transfer Take? (2025)

by Adeola Adegoke
February 17, 2025
0

If you're in Canada and need to send or receive money, Interac e-Transfer provides a swift, secure, and convenient solution. With Interac, you can easily send or receive money within...

Read more

What is the Cost of Living in Canada? (2025)

What is the Middle Class Income in Canada? (2025)

What is CPC/SCP Charge On My Credit Card? (2025)

What is a Credit Memo in Canada? (2025)

Next Post
Cheapest Places to Live in Canada

25 Cheapest Places to Live in Canada in 2024

Canadian tire triangle mastercard

Triangle Mastercard Review 2024: Canadian Tire Credit Card

best canadian tire credit cards

4 Best Canadian Tire Credit Cards in Canada

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

I agree to the Terms & Conditions and Privacy Policy.

Recommended

How to Make Money as a 15-Year-Old

40 Creative Ideas on How to Make Money as a 15-Year-Old

June 21, 2024
ZGRO Review

ZGRO Review (2025): BMO ETF Growth Portfolio

January 7, 2025
industrial alliance life insurance review

Industrial Alliance Life Insurance Review (Updated 2024)

January 11, 2024
How to Buy Cardano in Canada

How to Buy Cardano in Canada in 2024

January 15, 2024

Popular Story

  • Websites Where Men Give You Money

    12 Legitimate Websites Where Men Give You Money in 2024

    13137 shares
    Share 5254 Tweet 3284
  • Best Mutual Funds in Canada: 15 Top-Performing Mutual Funds

    5662 shares
    Share 2265 Tweet 1416
  • 10 Safe Investments with High Returns in Canada (2024)

    4415 shares
    Share 1766 Tweet 1104
  • 10 Best RESP Providers in Canada (2025)

    3771 shares
    Share 1508 Tweet 943
  • World Financial Group Review 2024: Is WFG a Scam?

    3389 shares
    Share 1356 Tweet 847
  • What is a Canada PRO Deposit? (2024)

    2842 shares
    Share 1137 Tweet 711
  • GST Payment Dates 2025: A Detailed Guide on GST/HST Credit

    2543 shares
    Share 1017 Tweet 636
  • 10 Best E-Transfer Payday Loans Canada 24/7 (2025)

    2443 shares
    Share 977 Tweet 611
  • How Much Does it Cost to Have a Baby in Canada? (2024)

    2160 shares
    Share 864 Tweet 540
  • 8 Best Investments in Canada for 2024

    2151 shares
    Share 860 Tweet 538
Facebook Twitter Instagram

Categories

  • Benefits
  • Business
  • Credit Cards
  • Cryptocurrency
  • Debt Management
  • Insurance
  • Investing
  • Mortgages
  • News
  • Personal Finance
  • Product Reviews
  • Retirement & Estate Planning
  • Reviews
  • Tax

© 2021 Money Reverie

No Result
View All Result
  • Contacts
  • Contributors
  • Disclaimer
  • Newsletter
  • Personal Finance & Debt Management Blog in Canada – Money Reverie
  • Privacy Policy
  • Super Visa Insurance Quote
  • Terms and Conditions

© 2021 Money Reverie

Need Help With Anything Finance?

Enter your email address to get valuable personal finance & small business tips from top experts delivered to your inbox weekly.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.