Stat Holiday Pay Ontario 2018 Calculator
'/%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 statutory holiday pay for Ontario in 2018 using this free online calculator. Statutory holiday pay is mandatory for employees in Ontario who work on a statutory holiday. This calculator helps you determine how much holiday pay you should receive based on your regular wages and the number of hours worked.
How to Use This Calculator
Using this calculator is simple. Follow these steps:
- Enter your regular hourly wage in the "Hourly Wage" field.
- Select the number of hours you worked on the statutory holiday from the dropdown menu.
- Click the "Calculate" button to see your statutory holiday pay.
The calculator will display your holiday pay amount based on the Ontario 2018 statutory holiday pay rules.
Formula Used
Statutory Holiday Pay Formula
The statutory holiday pay is calculated using the following formula:
Holiday Pay = Hourly Wage × Hours Worked × 1.5
This formula accounts for the mandatory 50% premium pay required by Ontario law for statutory holidays.
For example, if you earn $20 per hour and work 8 hours on a statutory holiday, your holiday pay would be calculated as:
$20 × 8 × 1.5 = $240
Worked Example
Let's look at a practical example to understand how the calculation works.
Example Scenario
- Hourly Wage: $25
- Hours Worked: 8 hours
Using the formula:
$25 × 8 × 1.5 = $300
So, the statutory holiday pay for this employee would be $300.
Important Note
This calculation assumes you worked the full shift on the statutory holiday. If you worked partial hours, adjust the hours worked accordingly.
Frequently Asked Questions
What is statutory holiday pay in Ontario?
Statutory holiday pay is mandatory pay for employees who work on a statutory holiday in Ontario. It includes a 50% premium pay on top of your regular wages.
How is statutory holiday pay calculated in Ontario?
Statutory holiday pay is calculated by multiplying your regular hourly wage by the number of hours worked on the holiday and then multiplying by 1.5 to account for the premium pay.
Do I have to pay statutory holiday pay if I'm self-employed?
Yes, self-employed individuals in Ontario are also required to pay statutory holiday pay to their employees if they work on a statutory holiday.