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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). The following table lists the hourly minimum wages for adult workers in each province and territory of Canada.
Canada: The minimum wage in Canada is set federally and by each province and territory; ranges from CA$13 to CA$16 (US$9.69 to US$11.93) per hour. The minimum wage calculated here is a weighted average based on the relative population in each province. 24,128: 22,176. 40 11.6: 10.66. 49.5 % 1 June 2022 Cape Verde: 13.000$00 (US$141) per month.
The federal, provincial, and territorial governments all regulate labour and employment law in Canada, with the federal government regulating a few particular economic sectors and the provinces and territories regulating all others. The constitution [1] gives exclusive federal jurisdiction over employment as a component of its regulatory ...
Minimum wage law is the body of law which prohibits employers from hiring employees or workers for less than a given hourly, daily or monthly minimum wage. More than 90% of all countries have some kind of minimum wage legislation.
Minimum wage. A 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. [2]
The general minimum is $16.50 per hour and is scheduled to increase to 17.40 per hour on June 1, 2024. There are also special minimum wages in the Regulations for certain types of employees, such as home support workers and farm workers. [14] Wages can be paid by cash, cheque, draft or money order.
Division II establishes that the Province of employment's minimum wage, with the exception of those based on age discrimination, shall be used for workers in industries under federal jurisdiction.
This means that each province and territory has its own minimum wage. The lowest general minimum wage currently in force is that of the Saskatchewan ($11.45/hour), the highest is that of British Columbia ($15.20/hour). Some provinces allow lower wages to be paid to liquor servers and other tip earners, and/or to inexperienced employees.
In economic terms, a minimum wage is a price floor for labor created by a legal threshold, rather than a reservation wage created by price discovery. The living wage is one possible guideline for determining a target price floor, while a minimum wage is a policy to enforce a chosen price floor.
Each country sets its own minimum wage laws and regulations, and while a majority of industrialized countries has a minimum wage, many developing countries do not. Minimum wages are regulated and stipulated in some countries that lack explicit laws.