The increase is the result of recent changes to the Employment Standards Act, 2000 (ESA) that tie minimum-wage increases to Ontario's Consumer Price Index (CPI). This was recommended by the Minimum Wage Advisory Panel in its final report last year.
Increasing the minimum wage in a fair and predictable manner is part of the government's economic plan for Ontario. The four-part plan is building Ontario up by investing in people's talents and skills, building new public infrastructure like roads and transit, creating a dynamic, supportive environment where business thrives and building a secure savings plan so everyone can afford to retire.
Bizacctax' Comment for Small Business Owners and Self-employed Individuals:
Unfortunately, you are not protected by this, if you are at the lower-end or a starter, you may feel unfair, so you need make sure you claim every eligible tax credits.