Earn $28 an hour for 40 hours a week over 52 weeks and the year comes to $58,240. That works out to $4,853.33 a month, $2,240 every two weeks and $1,120 a week, all before tax. Change the rate or the hours above to see your own pay.
The basic formula
Multiply your hourly rate by the hours you work each week, then by the weeks you are paid in a year. With $28, 40 hours and 52 weeks, that is $28 times 2,080 hours. Divide the yearly amount by 12 for a monthly figure, by 26 for bi-weekly pay and by 52 for weekly pay.
Going from salary to hourly
Tick the box. The sum runs the other way. The calculator divides the yearly salary by the hours worked in a year, so a $58,240 salary on a 40-hour week is $28 an hour. If you work more hours than your contract says, and many people do, your real hourly rate drops well below the figure on paper.
Paid weeks and time off
Entering 52 weeks assumes you are paid for holidays and vacation. If you are not, use fewer weeks. Two unpaid weeks off means entering 50. At $28 an hour the gap is $2,240 a year, and that is why it matters.
Part-time and irregular hours
Set the hours per week to your typical average. Someone working 25 hours a week at $22 an hour earns $28,600 over 52 weeks. If your hours keep changing, pull a year of pay stubs, find the average and enter that.
Overtime is separate
The result is regular pay, nothing more. In Ontario, overtime is 1.5 times your rate after 44 hours in a week. The overtime pay calculator adds up a specific week.
Comparing jobs by the hour
A salaried job with long hours can pay less per hour than it looks. A $60,000 salary at 45 hours a week is $25.64 an hour over 52 weeks. The same salary at 37.5 hours is $30.77. Enter your real hours to compare offers fairly, and remember that benefits, vacation and commuting time change the value too.
Minimum wage and raises
Ontario sets a general minimum wage, and it rises each October with inflation. Check the current figure on the Ontario government site. If your rate sits near it, the calculator shows what a full-time year pays, which helps with a budget.
Small raises add up fast. An extra $2 an hour at 40 hours a week means $4,160 more a year before tax. Enter the new rate to see the effect on monthly and yearly pay.
Salary with benefits
Salaried jobs often carry benefits that hourly ones lack, such as paid sick days, extended health cover and pension matching. Put a dollar value on them when you weigh offers. A lower hourly figure with strong benefits can beat a higher wage without any.
Where to go next
All of these figures are before tax. To see what you keep, use the take-home pay calculator. The payroll deductions calculator shows what comes off each cheque. Negotiating a raise? The salary increase calculator shows what a raise is worth.
Frequently asked questions
How do I convert hourly pay to yearly salary?
Multiply the hourly rate by hours per week and by weeks per year.
How much is $28 an hour per year?
$58,240 for 40 hours a week and 52 weeks.
How do I convert a salary to an hourly rate?
Divide the yearly salary by the hours you work in a year.
Should I use 52 weeks?
Only if you are paid for holidays and vacation. Otherwise use fewer weeks.
Does the result include overtime?
No. It covers regular hours only.
Is the result before tax?
Yes. Use the take-home pay calculator to see the amount after tax.
Sources and updates
Last reviewed: . Full disclaimer. How we build calculators. Editorial policy.
Estimate only. This calculator gives general information for planning. It is not tax, legal or financial advice, and it is not affiliated with the City of Toronto, MPAC or the Canada Revenue Agency. Results depend on the numbers you enter and may differ from official amounts. Check official sources or a qualified professional before you decide.