Annual wage calculation for Ontario minimum wage for 2020
List of Ontario minimum wage rates for 2020
|Type of minimum wage
||Amount from January 1 to September 30, 2020
|General minimum wage
|Student minimum wage
|Liquor Servers Minimum Wage
|Wages for homeworkers
For 2018 (until September 30, 2020), the Province of Ontario has decided to increase the minimum wage by $2.40 per day in 2017, from $11.60 to $14 per hour.
The category of fishing and hunting guides is not taken into account in this calculator because it is very specific.
To get the right amount for your job class, you can visit the Ontario Minimum Rate page.
If you are a waiter and would like to know what salary you should have received in Tip(tip), visit our tip calculator.
Minimum annual wage calculation formula
Hours per week
x (52 weeks per year
- (Vacation -Statutory
Weeks) ) x hourly wage
Take, for example, a minimum wage worker in 2020 who works 36.50 hours per week, 2 weeks and 5 holidays (for a total of 3 weeks of vacation).
36.50 hours per week x (52 weeks per year - 3 public holidays - statutory weeks) -1788.5 hours of work per year
Multiply hours (1788.5) by minimum wage in 2020 ($14/hour)- $25,039 minimum wage per year
Ontario minimum wage increase
According to statistics, the overall minimum wage increased by about 1,500 between January 1, 1965 and January 1, 2020.
The increase in the minimum wage in Ontario has not been set for a specific date.