The team at CasinosHunter analyzed official government websites and collected provincial minimum wage data and federal minimum wage data.
The study uses the Consumer Price Index (CPI) containing inflation rates for each province as of September 2023.
For each province, the projected minimum wage for 2030 is calculated by multiplying the minimum wage for 2024 by the projection factor of each province.
The projection factor is calculated by taking each province's projected minimum wage for the next year and multiplying it six times (one for each year between now and 2030).
Each province’s minimum wage by 2030
British Columbia has the highest minimum wage projection for 2030, at $20.54 per hour.
Currently, minimum wage in BC is $17.40 per hour. However, with an inflation rate of 2.8%, it is forecast to grow to the highest wage across Canada.
Nunavut has the second-highest minimum wage growth, reaching $20.17 by 2030.
Nunavut has the highest minimum wage across Canada at $19.00 per hour. However, with an inflation rate of 1.0%, by 2030, the minimum wage is projected at $20.17.
Ontario ranks third, with a projected minimum wage of $19.42 by 2030.
Ontario's current minimum wage is $16.55, and an inflation rate of 2.7%.
Northwest Territories has the fourth-highest minimum wage for 2030. The current minimum wage is $16.70, and the inflation rate is 2.4%, projecting $19.25 per hour in 2030.
Yukon ranks fifth, with a projected minimum wage of $19.12. Currently, in Yukon, the minimum wage is $17.59 per hour, and the inflation rate is 1.4%.
Ranking sixth through to tenth is New Brunswick, Quebec, Newfoundland and Labrador, Alberta, and Nova Scotia.
Saskatchewan has the lowest minimum wage projection for 2030. Currently, the hourly wage is $14.00. With an inflation rate of 1.6%, workers are set to earn $15.40 by 2030.
Across the nation, minimum wage is at an average of $17.30. The nationwide inflation rate is 2.5%, meaning the minimum wage by 2030 will be around $20.06.
Mike Hunter, Founder of CasinosHunter, commented on the study findings,
"British Columbia has consistently increased its minimum wage over the years, reflecting a commitment to adjusting wages in line with inflation, living costs, and other economic factors.
"Generally, when minimum wage increases in line with inflation, it helps prevent workers from falling into financial difficulty.
"Canada's minimum wage tends to be higher than in many countries, particularly in developed economies.
"However, in high-cost areas, even a higher minimum wage might not be sufficient to cover all living expenses, particularly in expensive cities like Vancouver or Toronto.
"This can result in workers still facing financial difficulties despite earning the minimum wage."