Annual wage calculation for Ontario minimum wage for 2020

- statutory weeks - X =

List of Ontario minimum wage rates for 2020

Type of minimum wage Amount from January 1 to September 30, 2020
General minimum wage $14/hour
Student minimum wage $13.15/hour
Liquor Servers Minimum Wage $12.20/hour
Wages for homeworkers $15.40/hour

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 -StatutoryWeeks) ) x hourly wage - Annual salary
Sample calculation
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.

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