Alberta Minimum Wage Increases to $15.00

On October 1st 2018, Alberta became the first province in Canada to raise the minimum wage for workers to $15.00 per hour. This wage increase is the final stage of a plan set out by the NDP in 2015 promising to raise the minimum wage from the previous rate of $10.20 per hour. This increase will raise wages for approximately 254,000 workers across the province of Alberta.

Of The 254,000 Workers Impacted By The Minimum Wage Increase Approximately:
• 63% are female
• 37% are parents
• 53% work full-time
• 76% have permanent jobs

What Does A Higher Minimum Wage Mean?
• Reduced poverty
• Lower burden on social support programs
• Improve the quality of life for vulnerable people
• Improved employee satisfaction resulting in:
o Lower staff turn over
o Decreased expenses for recruitment and training

With improved satisfaction and productivity of employees, organizations may be in a better position to increase their profits and increase their overall growth over time. The increased minimum wage is also expected to drive increases in consumer spending, and lower wage inequality particularly for women.

Information For Employers
To further assist employers leading up to the transition to the $15.00 minimum wage, the Alberta government:
• reduced small business tax rates from 3% to 2%
• introduced the Enhanced Innovation Voucher and Small/Medium Enterprises Support program
• created the ministry of Economic Development and Trade to provide Alberta’s private sector job creators with a one-stop shop for economic development and diversification
• dedicated $34 billion over the next 5 years to support modern, efficient infrastructure for Alberta families and businesses
• provided more capital for ATB Financial and Alberta Enterprise to encourage investment in Alberta businesses
• expanded the mandate for the Alberta Investment Management Corporation
• reinstated the Summer Temporary Employment Program
• implemented the Canada-Alberta Job Grant, a six-year initiative with the Government of Canada to support employers in building a strong workforce through better trained workers
• introduced the Capital Investment Tax Credit to encourage investment and support job creation