Minimum wage for federal workers set to rise in April

March 22, 2023

Employees of federally regulated workplaces will soon see a new floor for their hourly salaries.

Currently in industries such as banking, various forms of communications industries, transportation and the post office, the minimum wage is $15.55 per hour but come April 1, the new rate will be $16.65 per hour, according to the federal government.

“The cost of living is rising, so we’re making sure that wages keep going up too,” says Seamus O’Regan Jr., Minister of Labour.

“We’re looking after workers, because that’s how you grow the economy and create more prosperity for everyone.”

Pegged to cost of living 
The rate hike is based on the CPI rate, which was 6.8 per cent in 2022, prompting the government to make the change. Last April, the minimum wage was adjusted from $15 to $15.55 per hour, after a CPI inflation rate of 3.4 per cent in 2021.

The new regime was originally implemented on Dec. 29, 2021, by the current Liberal government under Prime Minister Justin Trudeau.

Source: HR Reporter