Calculators

Annual salary calculator for the minimum wage in Ontario for 2018

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Minimum wage rates list in Ontario for 2018

Type of minimum wage Amount Jan 1st to Dec 31 2018
General minimum wage 14$/hour
Student minimum wage 13.15$/hour
Liquor Servers Minimum Wage 12.20$/hour
Homeworkers Wage 15.40$/hour

For 2018 the province of Ontario as decided to make an important increase in the minimum wage of 2.40$ over 2017, from 11.60$ to 14$ per 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

Minimum Wage in Ontario is the least payment (every hour) you are eligible to gain in any industries that protect workers against excessively low pay. It is set by the government and all businesses, regardless of size, are officially required to give its employees the fixed amount. If they don’t, it is considered as a criminal offense. The minimum wage must be paid by businesses to workers in “all industries”. Moreover minimum wages can be one component of a policy to beat poverty and diminish inequality, including those among men and women. All provinces in Canada have either a legal negotiated minimum wage covering at least part of the private sector.

Annual salary calculator for the minimum wage in Ontario for 2018

In case you’re paid on a weekly or monthly pay, you should work out your equal hourly rate to check you’re being paid at least the minimum wage. To assist you with doing this, in Ontario we give a minimum wage calculator. Our calculator gives an overview of the annual minimum wage for workers exclusive of the pay of days off and holidays. It is very simple to calculate minimum wage with the help of this calculator in Ontario. Mention the Hours per week and the number of “Holiday + Statutory weeks” then select the “Minimum wage ($)” from the dropdowns. Submit after pressing the “Calculate” button and get to know the Hourly wage and Annual minimum Salary.

Minimum wage increase in Ontario

Ontario is increasing its minimum wage rates the least rate that can be paid by managers to workers. If we consider the most recent years, the increase in hourly pay has been a continuous progression. By late 2018 the average minimum wage allowed by law in Ontario was about 14.00 CAD per hour. That compares to $11.60 per hour in 2017.

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