Next summer I am going to work for my parents. They own the company. Do they need to pay me minimum wage?
I'm 14. It is a gas fitting company. And I live in Canada. BC
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Yes they do.
Here is the main page on minimum wage for the province of British Columbia.
This page lists exemptions from BC minimum wage laws, but there are none for working in a family business, or for being underage. Students are exempted only if they are on approved work study.
Generally all provinces apply minimum wage laws to every employee.
There is actually a restriction on how high a wage they can pay you. There didn't use to be, but now it has to be reasonable for the work you are doing, so they can't pay you $100/hr while other people doing the same work get minimum wage.
You might ask why on earth a parent would want to pay a child way more than they're worth? The salary is tax deductible to the company. Then the child pays their "expenses" - hockey fees and equipment, field trips, birthday presents for their friends and so on - out of the money the company paid them. They also save for their post-secondary education. The rest of the family budget now has a little more room, and the parents can lower their own salaries if they have expensive children. This means more net money in the company and less total income tax paid by the family for the same total income.
My concern is that if your parents don't know whether or not you must be paid minimum wage (you must, there's no family exemption) then they also don't know whether you should have EI deducted (probably not) and various other special cases like eligibility for summer student subsidies. The firm's accountant should be able to help with these things and the company should know all this. It's not the role of a 14 year old to ask the Internet how to run a business, the business owners should know it.