Prince Edward Island has announced plans to increase minimum wage for its inhabitants in two phases in 2016. Minimum wage will increase from $10.50 per hour to $10.75 per hour effective June 1, 2016, and $11.00 per hour effective October 1, 2016.
BY DIMITRI POLIAK, CONSULTANT, INVESTMENT & RETIREMENT
If you’ve discovered concerns in your employees’ savings strategies, the time to act is now.
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Here is a summary of the new limits established by the Canada Revenue Agency for 2016, as well as recent years.