In Canada, Minimum Hourly Wage is different by province. The responsibility for enacting and enforcing labor laws, including the minimum wage, is under the Provincial/Territory Jurisdiction.
The tax rate also differs by province. Most of the listed products and properties in Canada are before taxes. For example, when you buy a $300 shoes, the rate will be different by province because of the taxes percentage that will be added.
Here are the tax terminologies:
GST – Goods and Services Tax is a Canadian value-added tax levied on most goods and services sold for domestic consumption. The tax is levied to provide revenue for the federal government.
HST – Harmonized Sales Tax is used in provinces where both the federal goods and services tax (GST) and the regional provincial sales tax (PST) have been combined into a single value-added sales tax.
PST – Provincial Sales Tax is a retail sales tax that applies when a taxable good or service is purchased
Furthermore, the following are the lists of the hourly minimum wages 2017 for adult workers as well as the tax rate in each province and territory of Canada:
On October 1, 2016, the minimum wage will rise to $12.20. The minimum wage will raise a further $1.40 to $13.60 per hour on October 1, 2017, and by 1.40 to $15 per hour on October 1, 2018.
7%GST + 5%PST = 12%
On September 15, 2017, the minimum wage will rise to at least $11.25
As of April 1, 2013, the HST rate no longer applies in British Columbia.
8%GST + 5%PST = 13%
On Oct. 01, 2017, minimum wage will increase from $11.00/hr to $11.15/hr.
It was on April 01, 2017 when they increase to $11.00 the minimum wage at New Brunswick.
Newfoundland & Labrador
The minimum wage will then rise to $11.00 on October 1, 2017.
The regulation does not specify that there must be an annual increase.
On April 1 of each year, the minimum wage is adjusted annually relative to the Consumer Price Index.
The minimum wage is adjusted annually on April 1.
On October 1, 2017, the minimum wage will increase to $11.60 per hour. (The government has introduced legislation to raise the minimum wage to $14/hour on January 1, 2018, and to $15/hour on January 1, 2019. This legislation has not yet passed.)
Prince Edward Island
On April 1, 2017, the minimum wage was increased to $11.25 per hour.
9.975% QST + 5% GST =14.975%
On May 1, 2017, the minimum wage was increased to $11.25 per hour.
5%GST + 5%PST = 10%
On October 1, 2017, the minimum wage will rise to $10.96. On October 1 of each year, the minimum wage is adjusted annually relative to the Consumer Price Index and Average Hourly Wage. Changes to minimum wage will be announced each year on or before June 30.
On April 1 of each year, minimum wage is adjusted annually relative to the Consumer Price Index. On April 1, 2017, the minimum wage rose to $11.32 per hour.
Based on the above lists, on which Canadian province or territory is the best place to live in? We love to hear your comments.
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