« Home page, calculator and conversion
Calculate Sales tax US

Sales Tax States, to calculate sales tax of US States, city and zip code.

salestaxstates.com

Calculation of the minimum annual Ontario salary in 2024

Annual salary calculator for the minimum wage in Ontario for 2024

This calculator provides an overview of the annual minimum wage for workers in Ontario excluding the compensation of days off and holidays (thus the annual hours worked)

To calculate only the minimum annual salary including holidays, simply indicate 0 in the field "Holiday + Statutory weeks"

- = x =

Minimum wage rates list in Ontario for 2024

Type of minimum wageAmount january 1stAmount October 1st
General minimum wage16.55$/hourTBC
Student minimum wage15.60$/hourTBC
Homeworkers Wage18.20$/hourTBC

As per october 1st 2022, Ontario government raised the minimum wage (general and liquor servers) to 15.50$/hour, students 14.60$/hour, homeworkers to 17.05$/hour.

The category of fishing and hunting guides is not considered in this calculator as it is very specific.

To get the appropriate amount for your job category, you can visit the minimum wage rate page of Ontario.

If you are a server and would like to know the salary you should have received in Tip (gratuity), visit our tip calculator.

Formula for calculating the minimum annual salary


Hours per week x ( 52 weeks per year - (Holiday + Statutory weeks) ) x hourly wages = Annual Salary

Calculation example

Take for example a minimum wage worker in 2024 that works 36,50 hours per week, 2 weeks and 5 vacations holidays (for a total of 3 holiday weeks).

36,50 hours per week x (52 weeks per year - 3 Holiday + Statutory weeks) =1788.5 hours of work per year

Multiply Hours (1788.5) by the minimum wage in 2023 before october 1st ($ 15.50 / hour) = =27 721,75$ in minimum salary per year

Minimum wage increase date in Ontario

The increase of the minimum wage in Ontario has not been fixed for a specific date.

Calculators

Canada sales tax

2024

2023

2014 to 2022

2022

2021

2020

2019

2018

2017

2016

2015

2014

Coronavirus COVID-19

GST/HST remittance calculator

Carbon tax rebate

United Kingdom (UK) sales tax

France VAT

Australia GST

Income taxes in Canada

Tax calculators

Alberta (AB)
British Columbia (BC)
Nova Scotia (NS)
Ontario
Prince Edward Island (PEI)
Québec

RRSP, TSFA annuities and insurance

CPP
RRSP
TSFA
Employment insurance
OAS, GIS, Allowances
Basic personal amount
2012 to 2022

Tax calculators

RRSP, annuities and insurance

Paypal Fees and commission

Salary and Work

Gross to net income (salary)

2024
2023
2022
2021
2020
2019
2018

Minimum wage annual salary

2024
2023

Other

Math calculator

Other calculator

By continuing your navigation on Calcul Conversion or by clicking on the close button you accept the use of cookies. x