Minimum wage increase as of October 1st, 2020. The minimum wage in Ontario will increase on October 1st, 2020 to 14.25 CAD/Hour. In Ontario, the general minimum wage will rise from $14.00 to $14.25 per hour, which marks our first minimum wage increase since January 2018. Date: August 27, 2020. Generally, industrialized countries have a minimum-to-median wage ratio Effective on October 1, 2020, all minimum wage rates are increasing as follows: Four months have passed and the real impacts are starting to surface. For more information visit the Ministry of Labour website. Minimum wage is the lowest wage an employer can pay an employee. Employers operating in Ontario, Canada should be aware that Ontario's minimum wage rate is set to increase on October 1, 2020. Ontario Minimum Wage to Increase October 1, 2020. Itâs the steepest increase Ontario has seen in four decades, with a 21 per cent jump from last yearâs minimum wage. At the beginning of 2018, Ontarioâs minimum wage increased from $11.60 to $14 an hour. A typical way to compare minimum wage rates across jurisdictions is relative to the median hourly wage. Ontarioâs minimum wage was raised to $15 per hour in January 2019 and politicians, economists, small business owners, and analysts are all speculating on how the increase in minimum wage may affect small businesses in particular.. How Does Minimum Wage Affect Small Businesses? Minimum Wages in Canada averaged 6.03 CAD/Hour from 1965 until 2020, reaching an all time high of 14 CAD/Hour in 2018 and a record low of 1 CAD/Hour in 1966. This minimum wage applies to most employees. The liquor servers' wages will increase from $12.20 to $12.45 per hour. If a change to the minimum wage rate comes into effect partway through an employeeâs pay period, their pay period will be treated as if it were two separate pay periods. Pursuant to the Making Ontario Open for Business Act, the provincial minimum wage has been increased by 25 cents per hour. The current increase of 25 cents to the minimum wage in Ontario will be in effect from October 1, 2020, till September 30, 2021. Seattle, the fastest-growing large city in the U.S., has been at the forefront of the movement for higher minimum wages. Liquor servers are paid under standard minimum wage because they âregularly receive tips or other gratuities as a part of their work,â according to the provincial government.. Homeworkers, or employees who do paid work in their own homes, will get bumped from $15.40 to $15.70 per hour. That will be the first increase in nearly two years, and will roughly represent a $2-per-day climb in earnings for provincial minimum- and student-wage earners. Minimum wage is increasing across all provinces and territories across Canada starting October 1st, 2020. Effective October 1, 2020, Ontario's minimum wage increased for the first time since January of 2018. Ontarioâs inflation-adjusted minimum wage will increase 64%. Effective October 1st, 2020 minimum wage in Ontario will be increasing. On October 1, 2020, the general minimum wage in Ontario will increase from $14.00 to $14.25 an hour. On October 1, 2020, the minimum amount a worker has to be paid is rising by 25 cents per hour, per the government's website. Minimum Wages in Canada remained unchanged at 14 CAD/Hour in 2020 from 14 CAD/Hour in 2019. This increase affects not only the general minimum wage rate, but also the alternative minimum wage rates that apply in Ontario. The $15 minimum wage will put Ontario out of step with most other Canadian and international jurisdictions. Minimum Wage Rates Increased for Ontario Workers. A local ordinance raised the minimum wage to as much as $11 an hour in 2015, then as much as $13 in 2016, depending on the size of the employer and whether it provided health insurance. Minimum wage rates will also increase for the following employees: students: from $13.15 to $13.40 an hour Ontarioâs new Minister of Labour, Laurie Scott, pushed back by cancelling the increase to $15 planned for January 2019, and by stating that the minimum wage should be determined âby economics, not politics.â(2) Subsequent increases will be set based on the annual change in the cost of living. A shift in minimum wage is likely to impact only some small businesses, depending on the industry. Movement for higher minimum wages in Canada remained unchanged at 14 CAD/Hour in 2019 11.60 to 12.45. From $ 12.20 to $ 14.25 an hour Canada remained unchanged at 14 CAD/Hour 2020! 25 cents per hour as follows: Ontarioâs inflation-adjusted minimum wage has been increased 25... 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