Hourly Payroll Calculator Ontario
'/%3E%3Ccircle cx='48' cy='39' r='19' fill='%23f2c9a5'/%3E%3Cpath d='M27 35c3-16 39-17 42 2-8-8-27-9-42-2z' fill='%23374151'/%3E%3Cpath d='M21 86c5-24 49-28 56 0z' fill='%232563eb'/%3E%3Ccircle cx='41' cy='41' r='2' fill='%23111827'/%3E%3Ccircle cx='55' cy='41' r='2' fill='%23111827'/%3E%3Cpath d='M42 52c4 3 9 3 13 0' stroke='%2392400e' stroke-width='3' fill='none' stroke-linecap='round'/%3E%3C/svg%3E)
Reviewed by Calculator Editorial Team
Calculate your Ontario payroll with this hourly payroll calculator. Enter your hourly wage, hours worked, and select your tax filing status to see your gross pay, deductions, and net pay. This calculator includes federal and provincial taxes, Canada Pension Plan (CPP), Employment Insurance (EI), and other deductions.
How to Use This Calculator
Using this hourly payroll calculator is simple:
- Enter your hourly wage in the "Hourly Wage" field.
- Enter the number of hours worked in the "Hours Worked" field.
- Select your tax filing status from the dropdown menu.
- Click the "Calculate" button to see your payroll breakdown.
- Review the results and use the chart to visualize your payroll components.
The calculator will display your gross pay, deductions, and net pay. The chart provides a visual representation of how your pay is allocated.
Formula Used
The Ontario payroll calculator uses the following formulas to calculate your payroll:
Gross Pay
Gross Pay = Hourly Wage × Hours Worked
Federal Tax
Federal tax is calculated based on the federal tax brackets for the current year. The exact rate depends on your taxable income.
Provincial Tax (Ontario)
Ontario tax is calculated based on the provincial tax brackets for the current year. The exact rate depends on your taxable income.
Canada Pension Plan (CPP)
CPP is calculated at a flat rate of 5.1% of your taxable income.
Employment Insurance (EI)
EI is calculated at a flat rate of 1.66% of your taxable income.
Net Pay
Net Pay = Gross Pay - (Federal Tax + Provincial Tax + CPP + EI)
These formulas are based on the current tax laws and regulations in Ontario. For the most accurate results, ensure you enter your correct tax filing status.
Worked Example
Let's calculate the payroll for an employee earning $25 per hour, working 40 hours per week, with a tax filing status of "Single".
| Component | Calculation | Amount |
|---|---|---|
| Gross Pay | $25 × 40 | $1,000.00 |
| Federal Tax | Based on tax brackets | $150.00 |
| Provincial Tax (Ontario) | Based on tax brackets | $200.00 |
| CPP | 5.1% of $1,000 | $51.00 |
| EI | 1.66% of $1,000 | $16.60 |
| Net Pay | $1,000 - ($150 + $200 + $51 + $16.60) | $582.40 |
In this example, the employee's net pay after all deductions is $582.40.
FAQ
What taxes are included in this calculator?
This calculator includes federal and provincial taxes, Canada Pension Plan (CPP), and Employment Insurance (EI).
How accurate is this payroll calculator?
This calculator provides an estimate based on current tax laws. For exact figures, consult a tax professional or use official payroll software.
Can I use this calculator for self-employed individuals?
This calculator is designed for employees. Self-employed individuals should use a payroll calculator that accounts for self-employment taxes.