Minimum wage will rise to $10.25 on Oct. 1, 2014
The minimum wage in Newfoundland and Labrador will increase by 25 cents to $10.25 per hour on Oct. 1, 2014. This will be followed by another 25 cent increase on Oct. 1, 2015.
“This government recognizes the needs of workers must be weighed against the ability of employers to pay higher wages,” said Darin King, minister responsible for the Labour Relations Agency (LRA). “These increases will provide additional income to many residents while the effective dates provide employers with the opportunity to factor the new wage rates into their business planning.”
By Oct. 1, 2015, the minimum wage rate in the province will have increased by 75 per cent in just 10 years, according to the LRA.
Currently, only two jurisdictions in Canada have a minimum wage that is higher than $10.50 — Nunavut and the Yukon.
The minimum overtime wage rate will continue to be fixed at 1.5 times the minimum wage, rounded to the nearest cent. The province expects to conduct a further review of the minimum wage in 2015.
