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Community Services - What's New?

Minimum wage increase

A reminder for all Yukon employers that effective April 1, 2017, the minimum wage will increase from  $11.07 to $11.32 per hour.

The minimum wage is calculated in accordance with the Consumer Price Index for Whitehorse and is adjusted every April 1.

The Fair Wage paid to people working on government-tendered construction contracts will increase April 1 by 2.3% across all four wage categories.

View the Fair Wage Schedule.

Fraud Prevention Month

The Canadian Securities Administrators (CSA) are warning Canadians about binary options scams and urging them to educate themselves on the risks and serious consequences of binary options. In Canada, the number of victims affected by this form of fraud is on the rise, and these 'get rich quick' schemes are dangerous.

Binary options take the form of a wager in which investors bet on the performance of an underlying asset, often a currency, stock index, or share, and the timeframe on this bet is typically very short, sometimes hours or even minutes. When the 'investment' period is up, the investor receives a predetermined payout or loses the entire amount.

Binary options scam

The CSA wants Canadians to know that there are no registered individuals or firms permitted to trade these products in Canada.

To learn more about this type of scam, visit the Binary Options Fraud website.


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