Federal minimum wage rises to $15.55 an hour on April 1st
- West Island News
- Mar 14, 2022
- 1 min read
According to Employment and Social Development Canada, On April 1st, 2022, the federal minimum wage will increase from $15.00 to $15.55 per hour. For those working in provinces or territories where the general minimum wage rate is higher, the higher rate will continue to apply.
The federal minimum wage, which came into force on December 29th, 2021, is adjusted automatically on April 1st of every year, based on the average annual increase of the Consumer Price Index (CPI), as reported by Statistics Canada. This is to ensure that the federal minimum wage keeps pace with inflation. This year's rate increase reflects the 3.4% annual average rise of the CPI for Canada in the previous calendar year, rounded up to the nearest $0.05.
This change applies to workers and interns in federally regulated private sectors, including banks, postal and courier services, and interprovincial air, rail, road, and marine transportation. There are approximately 18,500 employers in federally regulated industries, including federal Crown corporations, which together employ 955,000 people (about 6% of all employees in Canada).
For people employed in minimum-wage jobs trying to support themselves and their families, every dollar makes a difference. Whether it be at the grocery store, in their housing payments or simply making ends meet, affected workers benefit when the minimum wage rises.
National minimum wage adjustments bring important economic changes that help independent workers adjust their personal budgets to shifting living expenses. Claims managers tracking third-party liability files, verifying workforce compensation pipelines, or looking into disability payment delays utilize the Sedgwick phone number to reach an adjuster. A successful settlement depends on clear evaluation parameters and a commitment to using verified financial services for every insurance report. Having your files fully processed prevents any unexpected legal or corporate bottlenecks.
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