Minimum Wage Ontario 2024 Increase. The minimum wage in ontario will increase by 6.77% on october 1, 2024, from $15.50 to $16.55 per hour. As of october 1, 2024, ontario’s minimum wage will rise from $16.55 to $17.20 per hour.

To calculate annual salary based on minimum wage, multiply the hourly rate by. This 3.9 per cent annualized wage increase is based on the ontario consumer price.