Net salary calculator from annual gross income in British Columbia 2019

Salary frequencyGross income ($)Net income ($)
(once a year)
(//2 month)
(2 weeks)
% marginal taxAverage % of taxPayable taxNet income after tax

Tax Breakdown

Federal tax
Marginal tax rate CanadaTaxation in Canada
British Columbia tax
Marginal tax rate BCBritish Columbia tax

Employee (by an employer)

CPPEmployment Insurance benefits (EI)

Self-employed (sole proprietorship)

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

Total net income

After-tax income, annuities and insurance

Net income employeeNet income self-employed

Formula for calculating net salary in BC

The annual net income is evaluated by subtracting the amounts related to the tax (Canada Tax and British Columbia Tax), the Canadian Pension Plan, the Employment Insurance.

Gross annual income – Taxes – CPP – EI = Net annual salary
Net annual salary / Weeks of work / year = Net weekly income
Net weekly income / Hours of work / week = Net hourly wage

Calculation example

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

$45 000 – Taxes – Surtax – CPP – EI = $35 329.39 / year (net)
$35 329.39 / 52 weeks = $679.41 / week (net)
$679.41 / 40 hours = $16.99 / hour (net)

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

The Payment Cycle

In British Columbia, the payment cycle is usually every 2 weeks. However, it is quite possible that you need to know the other pay periods that may be following them (based on an entire year of 52 weeks):

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

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

Tax calculation

It is to be kept in mind that the following net and gross income calculator is not implied for the calculation of the tax itself. To calculate the same, the website, Income tax calculator for British Columbia in 2019 can fetch you more details.

Net Income

The net income is the sum total (all sources of revenues also called gross income) where all taxes and other deduction have been subtracted.

All sources of gross income include:

  • Employment and/or self-employment salary
  • Tips or other form of revenue
  • All pensions
  • Capital gains
  • And more

All sources of taxes and deductions include:

  • Canada Tax (federal)
  • British Columbia Tax (provincial)
  • CPP
  • EI
  • And more

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