B.C. Gross Annual Gross Income Net Wage Calculation 2018

Net Income
Wage FrequencyGross Income ($)($)
(once a year)
(//2 months)
(2 weeks)
Net income after
Marginal TaxAverage taxpayabletax

Tax distribution

Federal tax
Marginal Tax Rate CanadaTaxation in Canada
B.C. tax
marginal tax rate
Taux marginal d’impositionB.C.

Employee (by employer)

CPP Insurance (EI)

Self-employed (individual business)

CPP (self-employed)Employment Insurance Benefits (EI)

Total net income

Income, annuities and after-tax insurance

Net Income WageredNet Income Self-employed

B.C. net wage calculation formula

Annual net income is calculated by subtracting tax amounts (Canada tax and B.C. tax), Canada Pension Plan, Employment Insurance.

Gross annual income – Taxes – CPP – ASSURANCE-EMPLOI – Net annual salary
Net Annual Salary / Work Weeks/YearNet Weekly Income
Net weekly income / Hours of work/weekNet hourly wage

Sample calculation

Take, for example, a salaried worker who earns a gross annual salary of $45,000 for 40 hours per week and who worked 52 weeks during the year.

$45,000 – Taxes – Surtax – CPP – ASSURANCE-EMPLOI – $35,329.39/year (net) $
$35,329.39 / 52 weeks$679.41/week (net)
$679.41 / 40 hours$16.99 per hour (net)

You simply need the same division for the gross income base on the annual gross salary (lines 2 and 3).

Frequency or payment periods

In British Columbia, the frequency or cycle of pay is usually every two weeks. However, it is quite possible that you may need to know what other pay periods can follow them (based on a full 52-week year):

  • Annual (year-round, only once a year)
  • Monthly (one month, 12 periods per year)
  • Semi-month (2 x per month, 24 periods per year)
  • Biweekly (every 2 weeks, 26 periods per year)
  • weekly (once a week, 52 periods per year)
  • Schedule (per hour, 52 weeks x number of hours per week)

Our calculator allows you to estimate the gross/net salary over the period based on the number of weeks worked you have entered in the “work weeks” field. This way, if you indicate 48 weeks, you will necessarily have a higher periodic salary than if you indicate 52 weeks.

Tax calculation

The following net and gross income calculator is not used to calculate the tax itself. We suggest you use the B.C. Income Tax Calculator page in 2018 for more details.

What is net income

Net income is the result of total income (all sources of income also known as gross income) where all taxes and other deductions have been subtracted.

All sources of gross income include:

  • Employment and/or self-employment pay
  • Advice or other form of income
  • All pensions
  • Gains
  • And more

All sources of taxes and deductions include:

  • Tax Canada (federal)
  • British Columbia Tax (province)
  • Prc
  • Ei
  • And more

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