Finance committee  I think what you're asking about is spillover effects from this minimum wage, and it is true that it is possible that there could be some spillover effects like wage adjustments for employees who are making $15 or slightly above $15. Employers might do this in order to retain or attract employees.

Finance committee  Certainly. I'm just scrolling down my list. It's roughly 919,900 employees.

Finance committee  The way it's written in the amendments, the minimum wage will be set at $15 per hour, and then on April 1 the year after these provisions come into force, the minimum wage will be adjusted. It will be based on the increase in Statistics Canada's consumer price index for that year.

Finance committee  I'm afraid I'm not aware of how the increases for members of Parliament are calculated.

Finance committee  No. Right now in the legislation, the $15 minimum wage would come into force six months after royal assent, and then it would be adjusted in April of the year after the provisions come into force.

Finance committee  Good afternoon. Thank you, Mr. Chair. My name is David Charter. I'm the director of the research and innovation division at the labour program at Employment and Social Development Canada. I'm here today with Sébastien St-Arnaud, the manager of policy development at the labour program.

Finance committee  What I can say is that part III of the Canada Labour Code applies to federally regulated companies, and that includes industries such as banking, telecommunications, interprovincial and international transport and federal Crown corporations. I could also just add that I mentioned that 26,200 employees making less than $15 per hour would likely be impacted by this change.

Finance committee  As you mentioned, the new minimum wage will be indexed based on the CPI, in April of the year after these provisions come into force. There is a provision in the amendment whereby if the CPI goes down there would be no adjustment, so the minimum wage couldn't go down, but there is no provision in these amendments related to exorbitant inflation.