Canada hikes temporary worker wages by 20% | Effective 08 November

By Eva Olsen [Published 15 Nov, 2024 | 02:28 PM] 393

The Canadian Government has announced a significant update for foreign workers entering Canada. Effective November 8, 2024, the LMIA program's wage thresholds will increase by 20%. The government has taken this step to be fair to all its workers and encourage the hiring of skilled professionals.

The LMIA uses wage thresholds to classify jobs into high and low-wage streams. However, this change will affect the wage expectations of temporary foreign workers due to an increase in the wage requirements across all Canadian provinces and territories. All the skilled workers looking to work abroad from India can now maximize their earning potential.

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Updated Wage Threshold for each Province and Territory

The table below shows the updated wage thresholds for each province and territory:-

Province/Territory	Wage Threshold (Before Nov 8, 2024)	Wage Threshold (As of Nov 8, 2024)
Alberta	$29.50	$35.40
British Columbia	$28.85	$34.62
Manitoba	$25.00	$30.00
New Brunswick	$24.04	$28.85
Newfoundland and Labrador	$26.00	$31.20
Northwest Territories	$39.24	$47.09
Nova Scotia	$24.00	$28.80
Nunavut	$35.00	$42.00
Ontario	$28.39	$34.07
Prince Edward Island	$24.00	$28.80
Quebec	$27.47	$32.96
Saskatchewan	$27.00	$32.40
Yukon	$36.00	$43.20

How it will impact foreign workers and employers in Canada?

This new change will impact both the employers and temporary workers in Canada in the following ways:-

Employers in Canada looking to hire fresh talents will need to revise their budgets to meet the high-wage stream requirements. On the other hand, the temporary foreign workers will receive consistent wages, leading to a better lifestyle.

Employers will have to alter their hiring strategy. Many sectors in Canada are in need of foreign workers like hospitality, construction, and trade. Consequently, employers will have to set higher wage benchmarks to attract foreign talent. Foreign workers will find it easier to settle in Canada and can also choose to apply for Canada PR.

The new wage thresholds under the TFWP are an essential step towards an inclusive society and will positively impact Canada’s labour market. Canada continues to be a top immigration destination and keeps refining its immigration policies. Both the employer and foreign worker must adhere to the latest changes made by the government.

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Source: canada.ca

Tags: Canada Work Permit LMIA Wage Increase Canada Work Visa Canada Skilled Workers Canada Immigration LMIA work permit program Canada Immigration News