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- Dictionaryminimum wage/ˌmɪnɪməm ˈweɪdʒ/
noun
- 1. the lowest wage permitted by law or by a special agreement: "a national minimum wage would lead to job losses"
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Apr 1, 2024 · Learn the ins and outs of Canada’s minimum wage structure, including what it is in each province and how it’s determined federally and provincially.
Minimum wage is the lowest wage rate that an employer is legally permitted to pay to an employee. In Canada, provinces and territories regulate minimum wage (see Provincial Government in Canada; Territorial Government in Canada). The federal government also sets a minimum wage for employees covered by Part III of the Canada Labour Code.
1. : living wage. 2. : the lowest wage paid or permitted to be paid. specifically: a wage fixed by legal authority or by contract as the least that may be paid either to employed persons generally or to a particular category of employed persons. Examples of minimum wage in a Sentence. Congress will vote on a bill to raise the minimum wage.
Assuming a 40-hour workweek and 52 paid weeks per year, the annual gross employment income of an individual earning the minimum wage in Canada is between C$29,120 (in Saskatchewan) and C$39,520 (in Nunavut). [4] [5] The following table lists the hourly minimum wages for adult workers in each province and territory of Canada.
JurisdictionWage (c$/h) [4]Effective Date17.30April 1, 202415.00October 1, 201817.40June 1, 202415.30October 1, 2023A minimum wage is the lowest remuneration that employers can legally pay their employees—the price floor below which employees may not sell their labor. Most countries had introduced minimum wage legislation by the end of the 20th century.
Apr 1, 2024 · Minimum wage is the lowest allowable wage in each Canadian province or territory. Learn more, including whom it applies to, in the MoneySense Glossary.
Minimum wages have been defined as the minimum amount of remuneration that an employer is required to pay wage earners for the work performed during a given period, which cannot be reduced by collective agreement or an individual contract.
