Stat Holiday Pay Calculator Ontario 2023
Calculate your statutory holiday pay in Ontario for 2023 using this free online calculator. Understand how holiday pay is calculated, including the minimum pay requirements and how to determine your holiday pay based on your regular wages.
How to Use This Calculator
Enter your regular hourly wage and the number of hours you worked in the last pay period. The calculator will determine your statutory holiday pay based on Ontario's minimum pay requirements for 2023.
This calculator provides an estimate. For exact calculations, consult your employment contract or the Ontario Ministry of Labour.
Formula Used
The statutory holiday pay is calculated based on your regular hourly wage multiplied by the number of hours you worked in the last pay period. The minimum pay requirement in Ontario for 2023 is:
For example, if your regular hourly wage is $20 and you worked 80 hours in the last pay period, your statutory holiday pay would be:
Example Calculation
Regular Hourly Wage: $20/hour
Hours Worked in Last Pay Period: 80 hours
Holiday Pay = $20 × 80 = $1,600
Assumptions
This calculator assumes you are an employee in Ontario who is eligible for statutory holiday pay. It does not account for:
- Overtime pay
- Bonus pay
- Special contractual agreements
For exact calculations, consult your employment contract or the Ontario Ministry of Labour.
Statutory Holiday Pay Guide
Statutory holiday pay is the minimum amount of pay an employee must receive for a holiday. In Ontario, the minimum statutory holiday pay is based on the employee's regular hourly wage multiplied by the number of hours they worked in the last pay period.
Minimum Pay Requirements
The Ontario Ministry of Labour sets the minimum pay requirements for statutory holidays. For 2023, the minimum pay is based on the employee's regular hourly wage.
Calculating Holiday Pay
To calculate your statutory holiday pay:
- Determine your regular hourly wage
- Count the number of hours you worked in the last pay period
- Multiply your regular hourly wage by the number of hours worked
For example, if your regular hourly wage is $20 and you worked 80 hours in the last pay period, your statutory holiday pay would be $1,600.
Holiday Pay vs. Regular Pay
Statutory holiday pay is different from regular pay. It is calculated based on your regular hourly wage and the number of hours you worked in the last pay period. It is not subject to overtime pay or bonus pay.
Special Contractual Agreements
If you have a special contractual agreement with your employer, your statutory holiday pay may be different. Consult your employment contract for details.
FAQ
- What is statutory holiday pay?
- Statutory holiday pay is the minimum amount of pay an employee must receive for a holiday. In Ontario, it is based on the employee's regular hourly wage multiplied by the number of hours they worked in the last pay period.
- How is statutory holiday pay calculated?
- Statutory holiday pay is calculated by multiplying your regular hourly wage by the number of hours you worked in the last pay period.
- What if I have a special contractual agreement?
- If you have a special contractual agreement with your employer, your statutory holiday pay may be different. Consult your employment contract for details.
- Is statutory holiday pay subject to overtime pay?
- No, statutory holiday pay is not subject to overtime pay. It is calculated based on your regular hourly wage and the number of hours you worked in the last pay period.
- Where can I find more information?
- For more information, consult your employment contract or the Ontario Ministry of Labour website.