The Ontario Government has just confirmed what we have been waiting to hear: the latest increase to minimum wage in Ontario. As of October 1, 2016, minimum wage will be $11.40 per hour, up from $11.25 per hour.
Back in 1966, employers were paying only $1.00 for minimum wage (a brand new Ford Mustang cost you about $2500 then). Minimum wage grew steadily since then.
Between 1995 and 2003, minimum wage hovered at $6.85. Since 2003, Ontario has increased the minimum wage 10 times. In 2014, the Employment Standards Act was amended so that minimum wage was tied to the CPI (Consumer Price Index) for Ontario.
It is important for all Dentists in Ontario to review your employment contracts and payroll to ensure that all of your employees are being paid the right amount. Don’t have employment contracts and haven’t confirmed your employees wages? Contact DMC and I can help to confirm that information and strengthen your practice.
