Vacation Pay Calculator Ontario 2017
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Reviewed by Calculator Editorial Team
Calculate your vacation pay entitlement in Ontario for 2017 using this online calculator. Understand how vacation pay is calculated under Ontario's Employment Standards Act, 2000.
How to Calculate Vacation Pay in Ontario 2017
In Ontario, employees are entitled to vacation pay based on their regular wages and the number of vacation days they've earned. The calculation follows specific rules under the Employment Standards Act, 2000.
Key Terms
- Regular Wages: Your average weekly earnings over the 52 weeks before the vacation period
- Vacation Days: The number of vacation days you've earned (typically 2 weeks per year)
- Vacation Pay: The total amount you're entitled to receive for your vacation days
Calculation Steps
- Determine your regular weekly wage
- Calculate the daily wage by dividing the weekly wage by 5 (assuming a 5-day work week)
- Multiply the daily wage by the number of vacation days you've earned
- Round the result to the nearest cent
The Ontario government provides a standard vacation pay calculation method, but some employers may offer additional vacation pay. This calculator uses the standard government calculation method.
Vacation Pay Formula
Vacation Pay = (Regular Weekly Wage ÷ 5) × Number of Vacation Days
The formula divides your regular weekly wage by 5 to get your daily wage, then multiplies that by the number of vacation days you've earned. This gives you the total vacation pay you're entitled to receive.
Note: Some employers may pay vacation pay on a different basis, such as a percentage of your regular wages. Always check your employment contract for specific terms.
Worked Example
Let's calculate vacation pay for an employee who earns $800 per week and has earned 10 vacation days.
| Step | Calculation | Result |
|---|---|---|
| 1. Determine regular weekly wage | $800 | $800.00 |
| 2. Calculate daily wage | $800 ÷ 5 | $160.00 |
| 3. Calculate vacation pay | $160 × 10 | $1,600.00 |
In this example, the employee would be entitled to $1,600 in vacation pay for 10 vacation days.
Frequently Asked Questions
- How is vacation pay calculated in Ontario?
- Vacation pay is calculated by dividing your regular weekly wage by 5 (for a 5-day work week) and then multiplying by the number of vacation days you've earned.
- How many vacation days do I get in Ontario?
- Employees are entitled to 2 weeks of vacation pay per year, which is typically calculated as 10 vacation days (assuming a 5-day work week).
- Can my employer pay me more than the minimum vacation pay?
- Yes, some employers may offer additional vacation pay beyond the minimum entitlement. Always check your employment contract for specific terms.
- When do I receive my vacation pay?
- Vacation pay is typically paid out at the end of the vacation period, or in some cases, it may be paid out in advance.
- What if I don't take all my vacation days?
- If you don't take all your vacation days, you may still be entitled to receive vacation pay for the unused days, depending on your employment contract.