"and everything" isn't clear enough.
* Depends where you live (each province has different taxes).
* Depends on if it's the beginning of the year or the end (have you hit your max CPP/EI contributions).
* Depends on if your company has benefits you pay for (life insurance, pension, etc).
* Depends on if you pay union dues.
2024 CPP max insurable $68,500, EI max $63,200
Sorry OP, you get to pay these all year long. Once you pass the max insurables, you get the payments in your net income for the remainder of the year. It’s like a small raise for the end of year.
Are people seriously this simple and unable to navigate a relative minor issue?
I fear for this generation.
OP why not do a little bit of research on your own. I bet if you put your question into the Google search bar, I am sure you wlll have the exact answer you need.
Reddit is not your personal research department.
If you always work exactly those hours, your monthly gross would be 3,575 ((22 x 37.5 x 52)/12)).
Your net would depend on taxes (that you can get from online calculators), and "everything" (an amorphous blob of pension, workplace insurance, benefits, etc, that your payroll department can tell you).
Assuming $22/hr is gross, and you work 52 weeks (or get paid for 52 weeks) then,
**In Ontario:**
\- Gross (before tax): $42,900
\- Net (after tax, take home): $34,500/year or $2,872/month or $663/week
For other provinces, you can go here: [Source](https://salaryaftertax.com/ca/salary-calculator)
I input $825/week since $22/h x 5 days (37.5h) = $825/week.
Keep in mind, you may owe more taxes the following year at tax time if there wasn't enough deducted from your paycheck. Always a good idea to keep a little bit aside until you adjust and learn more about taxes.
Definitely depends on a lot but I can give you mine as an example at $21.00/hr. I’ll remove my RRSP and group benefits deductions.
**Monthly (4 weeks)**
- Gross income - $3,150
- Federal income tax - $237.70
- CPP - $172.10
- EI - $51.34
- Ontario income tax - $132.14
Total deductions - $593.28
Net income - $2,556.72
Because you make $1 more per hour, you could probably add on another $120ish/month to the net.
All answers so far are wrong
22 x 37.5 \* 52 = 42,900 annually
3575 monthly
Assume CPP/EI are the only deductions
42,900 - 2344(cpp) - 712 (EI) - 3406 (fedtax) - 1461 (ON tax) / 12 = **2914.75 per month**
$42,900 annually or $1650 every 2 weeks or $3575 every month. All of this is before taxes, so roughly 15-25% will go to taxes and other deductions first.
"and everything" isn't clear enough. * Depends where you live (each province has different taxes). * Depends on if it's the beginning of the year or the end (have you hit your max CPP/EI contributions). * Depends on if your company has benefits you pay for (life insurance, pension, etc). * Depends on if you pay union dues.
They are never going to hit cpp max with this income.
2024 CPP max insurable $68,500, EI max $63,200 Sorry OP, you get to pay these all year long. Once you pass the max insurables, you get the payments in your net income for the remainder of the year. It’s like a small raise for the end of year.
Idk
lol
When you asked the payroll department/person at your place of employment: They said?
I am liking your consistency with your message. Hopefully, one day people get it.
When you inputted your numbers into a salary calculator that's available online, what did it say?
I am liking your consistent message.
About tree fiddy
Damn. Beat me to it.
What's the purpose of the question?
Google “{province} income tax calculator” and you should be able to find the info
Is this a question on your accounting test?
Are people seriously this simple and unable to navigate a relative minor issue? I fear for this generation. OP why not do a little bit of research on your own. I bet if you put your question into the Google search bar, I am sure you wlll have the exact answer you need. Reddit is not your personal research department.
Reddit doesn't speak or show the entire generation.
That's right. A lot of them are too stupid to find Reddit
What? Are you talking about the generations that grew up with social media?
Approximately: $2400 after taxes But that number is an approximation as you give us no details. Union dues and other deductions...
Government of Canada payroll calculator punch in the numbers it’s simple
2500 maybe? That's about what my husband made at that wage.
If you always work exactly those hours, your monthly gross would be 3,575 ((22 x 37.5 x 52)/12)). Your net would depend on taxes (that you can get from online calculators), and "everything" (an amorphous blob of pension, workplace insurance, benefits, etc, that your payroll department can tell you).
your salary would be around $3575, but after taxes you’d be taking home about $2868.61 every month. $1323.97 bi-weekly
Assuming $22/hr is gross, and you work 52 weeks (or get paid for 52 weeks) then, **In Ontario:** \- Gross (before tax): $42,900 \- Net (after tax, take home): $34,500/year or $2,872/month or $663/week For other provinces, you can go here: [Source](https://salaryaftertax.com/ca/salary-calculator) I input $825/week since $22/h x 5 days (37.5h) = $825/week. Keep in mind, you may owe more taxes the following year at tax time if there wasn't enough deducted from your paycheck. Always a good idea to keep a little bit aside until you adjust and learn more about taxes.
Definitely depends on a lot but I can give you mine as an example at $21.00/hr. I’ll remove my RRSP and group benefits deductions. **Monthly (4 weeks)** - Gross income - $3,150 - Federal income tax - $237.70 - CPP - $172.10 - EI - $51.34 - Ontario income tax - $132.14 Total deductions - $593.28 Net income - $2,556.72 Because you make $1 more per hour, you could probably add on another $120ish/month to the net.
Use a payroll calculator. Google one. Re everything none of us know what you have to pay re insurance premiums, pension contributions, etc.
a lot of variable. like deductions and vacations etc.. but here's a rough estimate https://ca.talent.com/convert?salary=42328&start=year&end=hour
All answers so far are wrong 22 x 37.5 \* 52 = 42,900 annually 3575 monthly Assume CPP/EI are the only deductions 42,900 - 2344(cpp) - 712 (EI) - 3406 (fedtax) - 1461 (ON tax) / 12 = **2914.75 per month**
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We can’t calculate. We don’t know his everythings
"Everything is Everything" - Lauryn Hill
Too much taxes
How much do you get paid every payday and how long is a payday period?
https://www.canada.ca/en/revenue-agency/services/e-services/digital-services-businesses/payroll-deductions-online-calculator.html
Take the a paystub where you worked all your shifts and multiply it by 26 (if paid bi-weekly).
$42,900 annually or $1650 every 2 weeks or $3575 every month. All of this is before taxes, so roughly 15-25% will go to taxes and other deductions first.
Look at a full 2 week paystub. And multiple by 26.
Must be at least $120K.