Specific Legal Issues
September, 28 2020
Published by Toronto and Area Chapter
Legislative Newsflash Ontario - Minimum Wage Increasing on October 1st - Sep 2020
Minimum Wage Increasing on October 1st
CCI-T Legislative Newsflash
Release date: September 28, 2020
CCI is pleased to provide this message to our members on behalf of the Ministry of Government and Consumer Services.
Minimum Wage Increasing October 1, 2020
As many of our members may already be aware, the minimum wage in the Province of Ontario will be increasing on October 1, 2020. Under the Making Ontario Open for Business Act the increase is tied to the Consumer Price Index, and updates the rate of pay for general minimum wage workers from $14.00/hr to $14.25/hour. You can learn more about the increase here: https://www.ontario.ca/document/your-guide-employment-standards-act-0/minimum-wage.
This increase may impact employees and contract workers in condominium environments. Condominium corporations should review the current rate of pay for any employees and ensure that the appropriate adjustment is made. In upcoming budget reviews, adjustments may also be required. The specific impact of the increase related to one full-time employee is as follows:
|Increased wage amount
|Hours Per Week
|Weeks per year
|Total wage increase per year
|Employer CPP Contributions (5.25%)
|Employer EI Contributions (1.58%)
|Total Budgetary Impact per Full-Time Employee
For contract workers, there may be an allowance within your agreement with the service provider. Should any of their employees be impacted by the increasing minimum wage, depending on the terms of the agreement, they may be eligible to increase costs. We would encourage all condominium corporations to ensure that they review their agreements and be prepared for any adjustments necessary.
CCI is committed to providing regular ongoing updates regarding all legislation concerning condominiums, in order to keep our members abreast of changes they need to be aware of.
DISCLAIMER, USE INFORMATION AT YOUR OWN RISK
This is solely a curation of materials. Not all of this information is created, provided or vetted by CCI. Some of the information is only applicable to certain provinces. CCI does not make any warranties about the reliability or accuracy of any information found in the materials on this website. The information is not updated to reflect changes in legislation or case law and therefore may not always be current and up-to-date. We suggest you seek professional advice with respect to your specific issues or regarding any questions that arise out of the material. We will not be liable for any losses or damages in connection with the use of any of the material found on the website.
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