Finance committee  Clause 248 establishes the $15 per hour baseline federal minimum wage. It also sets out how the minimum wage will be adjusted to keep pace with inflation, starting the year after these provisions come into force and based on the increase in the consumer price index for the previo

Finance committee  Some stakeholders have pointed to the possibility that there could be competition between the new federal minimum wage and a different provincial minimum wage rate, now that there would be a free-standing federal minimum wage. On the other hand, some stakeholders have stated th

Finance committee  Clause 249 sets out that these amendments would come into force six months after royal assent. (Clause 249 agreed to on division)

Finance committee  Division 23 amends part three of the Canada Labour Code to set a free-standing federal minimum wage. Clause 247 provides that an employee should be paid at least the new federal minimum wage, which is specified later in clause 248 as $15 per hour. It also specifies that if a prov

Finance committee  The minimum wage for employees working in the federally regulated private sector will be $15 unless there's a higher provincial or territorial rate, for example, in Nunavut. In that case, that wage would prevail.

Finance committee  It's not lower. (Clause 247 agreed to on division) (On clause 248)

Finance committee  Right. I do have a cost figure for federally regulated small, medium and large businesses, as I just described. As I mentioned, it is possible that there will be spillover in the federally regulated private sector for employees making $15 or up to potentially $17 per hour. I don'

Finance committee  They're both good questions. I'm afraid I don't have data or figures on hand for the impact upon GDP or the economy, or on the additional tax revenues. As I mentioned, what we're looking at is about 26,2000 employees in the federally regulated private sector, and so the economic

Finance committee  What I can say to that is, of course, that these changes will put in place a federal minimum wage. They're amending part III of the Canada Labour Code, which applies just to the federally regulated private sectors, and the provinces and territories will continue to set their own

Finance committee  As I said, I can't speak to whether provinces and territories will choose to make a change, but this rate is amongst the higher ones in provinces and territories. However, many provinces and territories already have systems in place to regularly increase their minimum wage rates.

Finance committee  In my last response, I just spoke to how it might have an impact on the provinces and territories, which are those that are not federally regulated, but I think I heard you asking how it might impact small business.

Finance committee  What I can tell you about that is that of the 26,200 employees who will benefit from this change, roughly 4,000 work in businesses employing 20 or fewer people and so in fairly small businesses, and another 4,400 work in businesses that employ 20 to 99 employees—still fairly smal

Finance committee  In terms of extra cost and COVID, as I mentioned there will be costs for federally regulated private sector employers. One thing that was also considered was that across provinces and territories, as I mentioned, many provinces and territories already have processes in place to i

Finance committee  At the moment, the way the legislation is drafted, there's no provision to not have an adjustment, were inflation to be high.

Finance committee  I can answer that question for you if you'll bear with me. It is possible that there could be some disemployment effects related to putting in place a federal minimum wage, which would have a negative impact on either employment or on hours worked, especially potentially for th