Minimum wage bump means $1,500 more a year for low-income workers, economist says

March 16, 2018

For low-income earners in Ontario, what’s better for the bottom line — lower income taxes, or a higher minimum wage?

Progressive Conservative leader Doug Ford calls the Liberal and NDP pledge to increase rates to $15 an hour by 2019 a tax grab. According to economist Sheila Block, the move would mean an extra $1,465 in the pockets of the working poor.

The question is already a key debate between parties vying for votes, with both Liberals and New Democrats promising to implement the wage hike. The Conservatives, meanwhile, say they will freeze wages at their current $14 hourly rate and eliminate provincial income tax for everyone earning below $30,000. The Conservatives would have no say over the federal portion of income taxes.

Read More

The Peterborough and District Labour Council (PDLC) is the central body of union locals in the Peterborough area (Peterborough County plus Omemee) who are affiliated with the Canadian Labour Congress (CLC).

Latest news

Contact Us

Phone: 1-833-862-3279
Email: info@ptbolabour.ca

Copyright 2020. All rights reserved.