$24 an hour is how much a year in Canada?
Quick Answer
$24 an hour is $49,920 a year working full time (40 hours a week, 52 weeks). After tax, CPP and EI, that's about $40,085 a year in Ontario — $3,340 a month, or roughly $19.27 an hour in your pocket. Across the country, take-home ranges from $38,207 in Nova Scotia to $41,302 in Nunavut.
$24/hour, full time
$49,920/yr
After tax (ON)
$40,085
Per month, net
$3,340
Biweekly, net
$1,542
$24 an hour before tax
- Per year (2,080 hours): $49,920
- Per month: $4,160
- Every two weeks: $1,920
- Per week (40 hours): $960
- With two weeks unpaid (2,000 hours): $48,000
- Overtime (1.5×): $36.00 an hour
If you don't work 40 hours a week
Part-time and compressed schedules change the annual number a lot. At $24 an hour:
| Hours a week | Hours a year | Gross pay | After tax (ON) |
|---|---|---|---|
| 40 hours (full time) | 2,080 | $49,920 | $40,085 |
| 37.5 hours | 1,950 | $46,800 | $37,901 |
| 35 hours | 1,820 | $43,680 | $35,567 |
| 30 hours | 1,560 | $37,440 | $30,982 |
| 20 hours | 1,040 | $24,960 | $21,727 |
$24 an hour after tax, by province
Full-time pay of $49,920, after federal and provincial tax, CPP (QPP in Quebec) and EI:
| Province/Territory | Take-home /yr | Per month | Effective rate |
|---|---|---|---|
| Nunavut | $41,302 | $3,442 | 17.3% |
| Northwest Territories | $40,709 | $3,392 | 18.5% |
| British Columbia | $40,514 | $3,376 | 18.8% |
| Alberta | $40,483 | $3,374 | 18.9% |
| Yukon | $40,456 | $3,371 | 19.0% |
| Ontario | $40,085 | $3,340 | 19.7% |
| Saskatchewan | $39,643 | $3,304 | 20.6% |
| New Brunswick | $39,297 | $3,275 | 21.3% |
| Newfoundland and Labrador | $39,200 | $3,267 | 21.5% |
| Quebec | $39,033 | $3,253 | 21.8% |
| Manitoba | $39,021 | $3,252 | 21.8% |
| Prince Edward Island | $38,775 | $3,231 | 22.3% |
| Nova Scotia | $38,207 | $3,184 | 23.5% |
What $24 an hour affords
- Rent: about $1,248 a month at the common 30%-of-gross guideline — see how much rent you can afford
- A home: roughly $186,185 with 10% down and no other debts, qualified at the 6.5% stress-test rate (run yours in the stress test calculator). That's what the ratios allow, not what's available: very few Canadian markets have homes at that price, so buying on this income usually means a second income, a co-signer or a much larger down payment.
- Savings: 10% of gross is $4,992 a year — enough to matter inside a TFSA
Assumptions
- 2,080 paid hours a year (40 hours × 52 weeks) unless the table says otherwise; no overtime or bonuses
- 2026 federal and provincial brackets and basic personal amounts, Ontario surtax and Health Premium, CPP/CPP2 (QPP in Quebec) and EI premiums
- A single employee with no other income, credits or deductions. Real paycheques also reflect benefits premiums, pension contributions and other credits, so treat this as a planning estimate
- Your exact number: the salary calculator and income tax calculator
Related pages
- Take-home pay on a $50k salary — the closest salary breakdown
- Hourly to salary, after tax
- Every hourly rate, converted
- Minimum wage by province — how this wage compares to the legal floor
- $23 an hour is how much a year?
- $25 an hour is how much a year?
Frequently Asked Questions
How much is $24 an hour annually in Canada?
$24 × 2,080 hours (40 hours a week, 52 weeks) is $49,920 a year before tax. That's $4,160 a month, $1,920 every two weeks, or $960 a week. With two weeks of unpaid time off it works out to $48,000.
How much is $24 an hour after taxes?
In Ontario, roughly $40,085 a year, or $3,340 a month, after federal and provincial tax, CPP and EI (an effective deduction rate of 19.7%). That works out to about $19.27 an hour in your pocket. Take-home ranges from $38,207 in Nova Scotia to $41,302 in Nunavut.
How much is $24 an hour per month?
$4,160 a month before tax, and about $3,340 after tax in Ontario. Note that biweekly pay means two months a year have three pay periods, so monthly deposits vary.
Can you live on $24 an hour in Canada?
At $49,920 a year, the common 30%-of-gross rule puts rent at about $1,248 a month, and the mortgage stress test supports roughly a $186,185 home with 10% down and no other debts. Whether that works depends heavily on your city: the same wage is comfortable in much of Atlantic Canada and tight in Toronto or Vancouver.
What is time and a half on $24 an hour?
$36.00 an hour. In most Canadian jurisdictions overtime starts after 40 hours in a week (44 in Ontario, and the rules differ by province and industry), and it's paid at 1.5 times your regular rate.