HomeBusinessWhat is Toronto's living wage?

What is Toronto’s living wage?

Minimum wage in Ontario is not sufficient for residents to dwell comfortably in any area of the province based on a brand new report by the Ontario Living Wage Network (OLWN). 

According to knowledge launched by OLWN Monday, Torontonians and residents living within the Greater Toronto Area (GTA) should be making at the least $23.15 an hour. It’s the very best hourly price throughout the province, and it is 4.8 per cent greater than what it was in 2021 when it was $22.08 per hour.

To calculate a living wage, OLWN factored within the following prices: meals, lease, hydro, tenant insurance coverage, clothes, transportation, medical bills, web and cellphone companies, life and sickness insurance coverage, and childcare.

A small quantity in the direction of secondary schooling is additionally included within the calculation, however OLWN says it doesn’t embrace the tutoring prices or financial savings.

“A living wage is calculated by the OLWN to show how much a worker must earn in order to make ends meet and enjoy modest participation in civic and cultural community,” a information launch reads.

The calculations take a look at the bills for 3 sorts of households, together with a single grownup, a single father or mother, and two adults supporting two young children. All of the outcomes are compiled collectively and embrace any relevant authorities taxes, transfers and advantages.

The second highest price – at $20.70 per hour – is required to dwell in Simcoe, Grey, Bruce, Perth, and Huron counties.

“Paying a living wage must be an integral part of responding to the affordability crisis that workers are facing across Ontario,” communications coordinator with OLWN, Craig Pickthorne, mentioned.

Ontario’s minimal wage elevated on Oct. 1 this 12 months to $15.50 per hour. According to the province, that price will improve every year on the identical date. The new wage is anticipated to be introduced by April 1.

With the present charges, Torontonians incomes minimal wage make $7.65 lower than they need to to cowl primary living bills.

This 12 months OLWN up to date the boundaries of its calculations, relying now on Statistics Canada’s ‘Economic Regions’ as a substitute of the municipal, county, and regional divisions.

These are the living wages throughout Ontario:

  • $23.15/hr for the GTA, which incorporates Toronto, Peel and Halton areas

  • $20.70/hr for Grey Bruce Perth Huron Simcoe area, which incorporates Perth & Huron, Grey & Bruce, and Simcoe County

  • $19.95/hr for Dufferin Waterloo Guelph-Wellington area, which incorporates Waterloo and Guelph-Wellington areas

  • $19.80/hr for the Southeast area, which incorporates Haldimand–Norfolk, and Niagara area

  • $19.70/hr for the North area, which incorporates Sault Ste. Marie, Thunder Bay, and Sudbury

  • $19.60/hr for Ottawa

  • $19.05/hr for Hamilton

  • $19.05/hr for the East area, which incorporates Durham Region, Kingston, Hastings & Prince Edward, Muskoka, Northumberland, Peterborough, and United Counties of Prescott & Russell

  • $18.15/hr for the Southwest area, which incorporates Chatham–Kent, and Windsor Essex

  • $18.05/hr for London Elgin Oxford area, which incorporates London & Middlesex, and St. Thomas & Elgin 


Please enter your comment!
Please enter your name here

New updates