Ontario's minimum wage will increase to $17.20 an hour later this year.
The yearly increase on October 1st is connected to inflation and represents a 3.9 percent raise from the current $16.55 per hour.
David Piccini, the Labour Minister, stated that the government's announcement of the increase six months ahead provides businesses with certainty and predictability.
The new minimum wage will be the second highest among the provinces, following British Columbia's $17.40 per hour.
The Ontario Living Wage Network indicates that a living wage in the Greater Toronto Area is approximately $25 per hour.
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The Progressive Conservatives, after coming into office in 2018, cancelled a planned minimum wage raise from $14 to $15 per hour. They later raised it to $15 in January 2022 and linked future increases to inflation.
