How do I convert an hourly wage to an annual salary?

The tool will convert that hourly wage into an annual salary. The formula for calculating your annual salary is simple: Annual salary = average hours per week × hourly rate × (52 weeks - weeks of vacation - weeks of holidays)

What is the median wage per hour in Canada?

The median wage per hour in Canada is $20 in 2024. Your income is higher than the median hourly wage. Find how much is your salary per hour. Convert yearly salary to hourly in a second. Find your wage per hour in Canada.

How much does a Canadian make a year?

As of October 2024, the federal minimum wage in Canada is $17.30 per hour. Assuming a standard 40-hour work week, this amounts to an annual salary of $35,984. If you are living in Toronto, this corresponds to a monthly net income of approximately $2,470, as estimated by our Ontario salary calculator.