This calculator helps convert an hourly wage to an annual salary or will find the equivalent wage based on a salary as the starting point in Canada for 2025.
Hourly to salary calculation
To find out what your hourly wage would be as an annual salary, input your hourly wage, the average number of hours that you work a week as well as weeks of vacation or holidays. The calculator will then provide you with your annual salary equivalent.
Let’s assume someone made $30 per hour and took a total of four weeks of unpaid vacation time in the year. On an average work week they worked a total of 40 hours. What would their annual salary be?
- 40 hours X $30 hourly rate = $1,200 per week
- $1,200 per week X (52 week year - 4 weeks vacation) = $57,600 per year
Therefore the annual salary for someone who earns $30 per hour in this scenario would earn $57,600 per year.
Salary to hourly calculation
When converting from a salary to the hourly wage equivalent, input your full salary for the year as a starting point. This calculator will then divide your salary by the hours in a year to provide you with your hourly wage based on a 40 hour work week.
Let’s go over an example based on the average income in Canada of $56,100 per year. If we assume that this person works a 40 hour week we can divide this amount by 52 weeks and 40 hours a week.
- $56,100 / 52 weeks = $1,078 per week
- $1,078 / 40 hours = $26.97 per hour
The average income in Canada when converted to a hourly wage is $26.97 per hour. This works out to $1,079 per week, $4,675 per month or $2,158 bi-weekly (every two weeks).
Ontario hourly to salary
The minimum wage in Ontario for 2025 is $17.20 which will raise to $17.60 an hour effective October 1, 2025. What is this hourly wage converted to a yearly salary? Based on a 40 hour week and working 52 weeks in a year this hourly wage amounts to a $36,608 annual salary. This salary would put you in the 44th income percentile in Canada across all individuals.