Minimum Wage in Every Province and Territory in Canada
One of the most important lessons we learned during the pandemic is how much the Canadian economy relies on low-wage labor, and without them, the economy will crumble. These people are the backbone of the Canadian economy, and since many have lost their jobs or have migrated out to a different city, the search for alternative employment has been rising.
Here is a list of minimum wages in different provinces in Canada
Work in British Columbia for $15.20 per hour
Alberta is paid $15.00 per hour.
Saskatchewan: $11.45 per hour
Manitoba: $11.90 per hour
Ontario: $14.25 per hour
Quebec – $13.50 per hour.
Nova Scotia: $12.95 per hour
New Brunswick: $11.75 per hour
The province of Prince Edward Island pays $13.00 per hour.
Province of Newfoundland and Labrador Pays $12.50 per hour
The territory of the Northwest Territories – $13.46 per hour
Nunavut – $16 per hour
Yukon – $13.85 per hour
Minimum Wage in Western Canada
BC and Alberta now have the highest minimum hourly rates in the whole country, which makes sense given that their respective cost of living rates are also among the highest in the country as well. The province of Alberta has a population of approximately 4.4 million people, making it one of the most densely inhabited areas in Canada. The minimum wage in the province was set at $10.20 per hour until the NDP took over in 2015 when it was raised to the current rate of $15 per hour by the end of 2018.
There are certain exceptions to the base pay in Alberta. Students under the age of 18 working 28 hours per week or less make only $13 instead of the provinces minimum of $15. In addition, there are a few more requirements in Alberta, such as a salesperson’s earning must not be less than $598 per week. Employees who live with their employers are required to earn a minimum of $2,848 a month.
With a population that is even larger than Alberta’s and with more than 5.5 million people calling British Columbia their home making it the third most populous province in Canada. It also has the fourth biggest economy in the country, thanks to important sectors in aerospace, agriculture, forestry, mining, tourism, and information technology, to mention a few. As a result, it’s no surprise that British Columbia has one of the highest base incomes in the country, with its minimum at $15.20
Nunavut Has the Highest Base Salary in Canada
Although Nunavut has the most significant land area of any province in Canada, it also has the smallest population, with a little more than 40,000 people living in the territory. Nunavut’s economy is primarily reliant on natural resources, fishing, and tourism as its primary sources of income.
While Nunavut is the top-paying province, with an hourly wage of $16 – which is more than the federal minimum – it is also the most expensive in Canada. They have upped their base compensation from $13 to $16 per hour starting in April 2020 to encourage their locals to stay in the workforce and enable Nunavut inhabitants to live more comfortably in their homes. Everyday products such as milk, soda drink, and bread are significantly more expensive in Nunavut; hence higher income hourly rates were set to guarantee that locals could afford all of their needs.
Minimum Wage in Ontario
Even though Ontario has one of the highest living salaries in the country, it is still below the federal minimum wage of $14.25 an hour. However, it is crucial to remember that the base wage in Ontario has increased from $10.25 in 2010 to $11.25 in 2015. Compared to the cost of living in major metropolitan regions like Toronto or Kingston, a $4 raise in more than a decade does not appear to be that significant.
There’s Always Help Out There
We know how difficult finances can get, and getting out of one can be really difficult. There are situations that require urgent cash flow, but many among us, especially after the pandemic, do not have a good credit score and thus can not apply for a loan at a good interest rate. But all is not lost for folks with financial hardship with a low credit score. You can apply for a guaranteed payday loan with no credit check. These loans work because you are given a loan that you can replay from your next paycheck. This is why this kind of loan is also known as payday advance loan.
They are extremely easy to apply and get approval for; all you need is you have proof of steady income over the age of 18 and a banking account where the money can be transferred to you. Payday loans do not need you to pledge any collateral to lenders, making it one of the safest types of loan to apply.
In Ontario and British Columbia, the high cost of living makes it hard to sustain life, and many individuals find themself applying for short-term loans from lenders such as Redpayday. These loans are available 24/7 and can be applied online without the need ever to visit any bank or lender’s office. To learn more about loans and to get a free quote, please visit our website at redpayday.ca to learn more.