Bi Weekly Pay Calculator Ontario 2018
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Reviewed by Calculator Editorial Team
Calculate your bi-weekly pay in Ontario for 2018 with this free online calculator. Understand how payroll deductions, taxes, and net pay work in Ontario during that year.
How to Use This Calculator
Enter your gross pay amount and select your tax filing status to calculate your net pay. The calculator will show you how much income tax, Canada Pension Plan (CPP), Employment Insurance (EI), and other deductions will reduce your pay.
This calculator uses the 2018 tax rates and deductions that were in effect during that year. For current year calculations, use our updated Ontario pay calculator.
Formula Used
The bi-weekly net pay is calculated by:
Where:
- Income Tax is calculated based on Ontario's progressive tax rates for 2018
- CPP is 5.1% of gross pay (employer and employee contributions)
- EI is 1.6% of gross pay (employee contribution)
- Other deductions include union dues, health benefits, and other voluntary deductions
Worked Example
For a single person with a gross pay of $2,000 bi-weekly:
- Income Tax: $300 (based on 2018 Ontario tax brackets)
- CPP: $102 ($2,000 × 5.1%)
- EI: $32 ($2,000 × 1.6%)
- Other Deductions: $50 (example)
Total Deductions: $482
Net Pay: $2,000 - $482 = $1,518
Ontario Taxes in 2018
In 2018, Ontario had progressive income tax rates that applied differently based on filing status:
| Tax Bracket | Single | Married |
|---|---|---|
| Up to $43,906 | 15% | 15% |
| $43,907 to $87,813 | 28% | 28% |
| $87,814 to $150,000 | 33% | 33% |
| Over $150,000 | 39.05% | 39.05% |
Additional provincial tax credits and deductions were also available in 2018.
Frequently Asked Questions
- How is bi-weekly pay calculated in Ontario?
- Bi-weekly pay is calculated by dividing the annual salary by 26 (52 weeks divided by 2). Then taxes and deductions are applied to determine net pay.
- What taxes apply to Ontario pay in 2018?
- In 2018, Ontario pay was subject to federal income tax, Ontario provincial tax, CPP, and EI deductions. The exact rates varied by income level and filing status.
- Are there any provincial tax credits in 2018?
- Yes, Ontario offered various provincial tax credits in 2018, including the Ontario Child Benefit and the Ontario Trillium Benefit.
- How do I adjust for overtime pay?
- Overtime pay is calculated at 1.5 times the regular hourly rate for hours worked over 40 in a week. Enter the total gross pay including overtime in the calculator.