Minimum wage in Saskatchewan is increasing to $11.06 an hour on Monday.

It is the 10th increase in the province’s minimum wage since 2007. Every year, it increases using an indexation formulas giving equal weight to changes in the Consumer Price Index and average hourly wage in the province.

“Since 2011, we have been able to provide predictable annual minimum wage increases, allowing employers and employees to prepare and plan for change,” Labour Relations and Workplace Safety Minister Don Morgan said in a written release. “Saskatchewan also has a low personal income tax rate and Low Income Tax Credit, helping low income earners keep more money in their pockets.”

The province introduced the formula in 2010. Increases are announced before June 30 and come into effect on Oct. 1 of each year.