The Liberal government enacted legislation in the fall that tied minimum wage to inflation, so every year the new rate will be announced by April 1 to take effect that October.
While the general minimum wage increases from the current $11, the minimum wage for students increases to $10.55 and for liquor servers it rises to $9.80.
The Ministry of Labour says this is the ninth minimum wage increase since the Liberals took power in 2003.
The Northwest Territories' minimum wage will be increased to $12.50 in June, making it the highest rate in the country.
British Columbia also announced an increase in its minimum wage last week, a rise of 20 cents in September to $10.45 as a result of indexing to B.C.'s consumer price index.
Here are the minimum wages for Canada's provinces and territories: