Minimum Wage Ontario 2024 Per Hour. It was an increase of $1.05 from the previous minimum wage rate of $15.50 that came into effect on october 1, 2022. In or around october 1, 2024, the minimum wage will increase to $16.20 per hour for ontario students, which is an increase from october 2023 wage rates of $15.60 per hour.

The new minimum wage in ontario as of october 1, 2024, is $17.20 per hour. This 3.9 per cent annualized wage increase is based on the ontario consumer price index (cpi) and brings ontario’s minimum wage to the second highest in canada.