Loans Canada Launches Free Credit Score Portal And Is Recognized As One Of Canada’s Top Growing Companies
Loans Canada is pleased to announce it placed No. 131 on the 2022 Report on Business ranking of Canada’s Top Growing Companies.
Alberta’s minimum wage of $15.00 per hour is one of the highest in Canada, second only to the minimum wage in Nunavut. Because of the high minimum wage and low cost of living in Alberta due to government-sponsored cost-of-living advantages, most people in Alberta are generally financially secure. The minimum wage of $15.00 per hour was instituted in 2018, where it has remained ever since.
A minimum wage is the lowest hourly wage that employees can legally be paid by their employer, regardless of whether they work part-time or full-time. Each province and territory has its own labour laws, minimum wage, and exceptions, but most hourly employees are paid at least the minimum wage.
The minimum wage in Alberta is $15.00 per hour. It increased every year between 2009 when the minimum wage was $8.80 per hour, and 2018 when the minimum wage became $15.00 per hour.
Most employees in Alberta must be paid at least the minimum wage, but there are a few exceptions for students and for certain professions.
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There are several exceptions to Alberta’s minimum wage:
If you’re a federal worker in Alberta, or anywhere in Canada, the minimum your employer can pay you is $15.55 per hour starting April 01, 2022. This applies to companies federally regulated by the government, such as the postal service, banks, and federal Crown corporations.
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For more information, visit the Government of Alberta website.
Have you ever not been paid due to your employer going bankrupt? Then you may be eligible for the Wage Earner Protection Program.
Depending on the type of employment you have and the number of hours you work, there are some extra rules about the minimum wage in Alberta that all employees should know.
Even though the minimum wage is the lowest hourly wage rate an employer can legally pay an employee, employees will still see deductions on their paycheque. These deductions can include:
Alberta has one of the highest minimum wages in Canada at $15.00 per hour. This wage must be paid, at minimum, to most employees in Alberta, although there are exceptions. Employers can deduct the cost of meals and lodging from the minimum wage. There are also some extra rules around minimum wage, such as having to be paid for at least 3 hours of work, and there are some non-employer deductions that can be taken directly from an employee’s paycheque. Overall, the minimum wage in Alberta is high enough that, when coupled with cost-of-living benefits offered in Alberta, it is generally a livable wage.
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Loans Canada is pleased to announce it placed No. 131 on the 2022 Report on Business ranking of Canada’s Top Growing Companies.
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