Saskatchewan’s minimum wage will increase to $15.70 per hour effective Oct. 1, the provincial government announced on June 29.
The current rate is calculated using an indexation formula that gives equal weight to changes in the Consumer Price Index and the average hourly wage in the province.
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Labour relations and workplace safety minister Ken Cheveldayoff said the government attempted to balance the wage increase with the needs of local businesses.
“To keep Saskatchewan’s economy strong, we have tried to balance the need for an increase to the minimum wage with ensuring employers are able to continue to build strong businesses and opportunity for growth,” Cheveldayoff said in a news release.
The province also highlighted indexing measures under the Saskatchewan Affordability Act, which it estimates will remove 54,000 people from the provincial income tax rolls once a four-year reduction plan is fully implemented.
Since 2008, Saskatchewan’s minimum wage has risen by more than 90 per cent, up from $8.25 per hour.
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