Holiday Pay Calculator Ontario 2020

How to Use This Calculator

Using this holiday pay calculator is simple. Follow these steps:

1. Enter your regular hourly wage or annual salary in the appropriate field.
2. Select whether you want to calculate based on hours or days worked.
3. Enter the number of holidays you took during the 2020 work year.
4. Click the "Calculate" button to see your holiday pay.

The calculator will display your total holiday pay based on Ontario's 2020 holiday pay regulations. You can also see a breakdown of how the calculation was made.

Holiday Pay Formula

Ontario's holiday pay regulations for 2020 required employers to pay employees for holidays taken during the work year. The holiday pay is calculated based on your regular pay and the number of holidays taken.

Where:

• Regular Hourly Wage - Your regular hourly wage
• Average Weekly Hours - The average number of hours you work per week (typically 37.5 hours in Ontario)
• Regular Daily Wage - Your regular daily wage (calculated as Regular Hourly Wage × Average Weekly Hours / 5)
• Average Work Days per Week - The average number of days you work per week (typically 5 days)
• Number of Holidays - The number of holidays you took during the work year

Worked Examples

Let's look at some examples to understand how the holiday pay calculator works.

Example 1: Hourly Wage Calculation

Suppose you earn $20 per hour and worked an average of 37.5 hours per week. You took 3 holidays during the 2020 work year.

Using the formula:

Holiday Pay = ($20 × 37.5) × 3 = $2,250

So, your total holiday pay would be $2,250.

Example 2: Daily Wage Calculation

Suppose you earn $20 per hour and worked an average of 5 days per week. You took 3 holidays during the 2020 work year.

First, calculate your daily wage:

Daily Wage = $20 × (37.5 / 5) = $150 per day

Then, calculate your holiday pay:

Holiday Pay = $150 × 3 = $450

So, your total holiday pay would be $450.