As of June 1, 2024, the minimum wage in British Columbia is $17.40 per hour. On June 1, 2025, this will increase to $17.85 per hour. Understanding how this applies to businesses and employees is crucial for compliance and proper financial planning.
Who Does the Minimum Wage Apply To?
The hourly minimum wage applies to most employees regardless of how they are paid, including:
- Hourly workers
- Salary-based employees
- Commission-based workers
- Employees paid on an incentive basis
Employers must ensure that the total earnings for each pay period meet or exceed the minimum wage based on hours worked.
What If an Employee’s Wage Falls Below Minimum Wage?
If an employee’s calculated earnings fall below minimum wage for the hours worked, the employer is legally required to top up their pay so that they receive at least the minimum hourly rate.
Ensuring payroll compliance is essential for businesses. Our Bookkeeping Services can help you maintain accurate payroll records.
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How Businesses Can Stay Compliant
To avoid penalties and legal issues, businesses should:
- Track employee hours accurately
- Regularly review wages to ensure compliance
- Provide clear payroll documentation
- Update payroll systems before wage changes take effect
Our Business Accounting Services ensure that your company remains financially compliant.