Monday, September 26, 2011
Minimum Wage to Increase October 1st
You might soon see a difference in your paycheck. As of Saturday, October 1st, the minimum wage is increasing to $10 per hour . This is a 3.6 per cent increase from the present rate of $9.65. The minimum wage for inexperienced workers, with less than three months' experience in the work for which they were hired, will rise to $9.50. After the increase Saturday, future increases will occur in April, beginning in 2012, indexing the minimum wage to the Low Income Cut Off, a figure set by Statistics Canada where people are devoting a significantly larger than average percentage of their income to the basic necessities of food, shelter and clothing. Increases will be based on the national Consumer Price Index from the previous calendar year.
The government is also investing an additional $18.25 million this year to help income assistance clients and low-income Nova Scotians make ends meet. These include a 22 per cent increase per child, per month, to the Nova Scotia Child Benefit, a $15 per month increase in the Income Assistance Personal Allowance, indexing the Affordable Living Tax Credit and the Poverty Reduction Credit to keep up with inflation, and allowing working income assistance clients to keep more money each month.