Stat Holiday Pay Calculator Ontario
Ontario employees are entitled to Statutory Holiday Pay under the Employment Standards Act. This calculator helps you determine your statutory holiday pay based on your hourly wage and hours worked.
How to Calculate Stat Holiday Pay in Ontario
Statutory Holiday Pay in Ontario is calculated based on your regular hourly wage and the number of hours you worked in the pay period before the holiday. Here's how to calculate it:
- Determine your regular hourly wage.
- Count the number of hours you worked in the pay period before the holiday.
- Multiply your hourly wage by the number of hours worked to get the statutory holiday pay.
For example, if your hourly wage is $20 and you worked 80 hours in the pay period before the holiday, your statutory holiday pay would be $1,600.
Formula Used
Statutory Holiday Pay Formula
Statutory Holiday Pay = Hourly Wage × Hours Worked
Where:
- Hourly Wage - Your regular hourly wage before taxes
- Hours Worked - The number of hours you worked in the pay period before the holiday
Worked Example
Let's calculate the statutory holiday pay for an employee with the following details:
- Hourly Wage: $25
- Hours Worked: 80 hours
Using the formula:
Statutory Holiday Pay = $25 × 80 = $2,000
So, the employee would receive $2,000 in statutory holiday pay.
FAQ
What is Statutory Holiday Pay in Ontario?
Statutory Holiday Pay is the amount of pay an employee is entitled to receive on a statutory holiday under the Employment Standards Act in Ontario.
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 pay period before the holiday.
Do I have to pay Statutory Holiday Pay?
Yes, employers in Ontario are required to pay Statutory Holiday Pay to eligible employees under the Employment Standards Act.