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Ontario's New Minimum Wage Of $15/hr Still Won't Be Enough To Cover Basic Living Costs

The new minimum wage is set to come into effect in January 2022.

Ontario may be raising the minimum wage, but it's still not enough to meet the basic cost of living.

The Ontario government announced in a press release on November 2 that they will "introduce legislation that, if passed, would raise the general minimum wage from $14.35 to $15.00 per hour effective January 1, 2022."

However, across Ontario, the basic living wage ranges from $16.20 per hour to $22.08 per hour in the cities listed on the Ontario Living Wage Network.

This means if the new legislation is passed, the new minimum wage of $15 would still be $1.20 short of the lowest listed living wage in Ontario at Sault Ste. Marie.

Other cities, such as Toronto where the living wage is set at $22.08 and Halton at $20.75, would fall up to $7.08 short an hour if making minimum wage.

The living wage is calculated to represent a family with two adults and two children. It factors in what families need to afford food, shelter, clothing, transportation and more based on their region.

Premier Doug Ford said in a press conference on Tuesday that the new minimum wage is a "great start" and that they "always thrive to grow."

"Ontario's workers have been the unsung heroes of this pandemic, as they've stocked shelves, kept our supply chain moving and helped so many of us enjoy a meal among family and friends at a local restaurant," said Ford in a press release.

"As the cost of living continues to go up, our government is proud to be working for workers, putting more money into their pockets by increasing the minimum wage."