$24 an hour is how much a year?
At 40 hours a week, $24 an hour is $49,920 a year before tax, or about $38,208 to $41,302 a year after tax, depending on the province.
Fewer if you take unpaid time off
Paid at 1.5× your rate
Yearly salary, before tax
$49,920
40 hours a week × 52 weeks
Take-home pay after tax
$40,085a year · $3,340 a month
- Take-home$40,085
- Tax and deductions$9,835
Average tax rate 19.7% · $19.27 an hour after tax
What this means
A raise of $1 an hour adds about $2,080 a year before tax, so small raises add up.
Your pay before tax
| Per hour | $24.00 |
| Per day (5-day week) | $192.00 |
| Per week | $960.00 |
| Every 2 weeks | $1,920.00 |
| Per month | $4,160.00 |
| Per year | $49,920.00 |
After tax (2026)
| Per year | Per month | |
|---|---|---|
| Gross pay | $49,920 | $4,160 |
| Federal income tax | -$3,975 | -$331 |
| Ontario income tax | -$1,684 | -$140 |
| Ontario Health Premium | -$600 | -$50 |
| CPP | -$2,762 | -$230 |
| EI | -$814 | -$68 |
| Take-home pay | $40,085 | $3,340 |
Assumptions in this estimate
- Take-home pay assumes a single person with no pension, retirement or other pre-tax deductions.
- Assumes employment income is your only income and you claim the basic personal amount and the Canada employment amount.
- Tax is your estimated annual liability spread evenly across pay periods; your employer’s withholding (based on your TD1) can differ slightly.
- CPP and EI are spread evenly too. In practice they stop once you reach the yearly maximum (EI at $68,900 of earnings, CPP at $74,600 and CPP2 at $85,000), so higher earners’ last paycheques of the year are larger.
- From July to December 2026, employers in British Columbia, Newfoundland and Labrador and Prince Edward Island use catch-up rates for mid-year changes, so those paycheques differ slightly; the yearly total is the same.
- The Canada Workers Benefit and other refundable benefits you claim on your return are not included.
- The temporary federal top-up credit (2025–2030) only affects people with very large non-refundable credits and is not included.
- The Ontario LIFT credit for lower-income workers is claimed on your tax return and is not included.
If you work more or fewer hours
| Hours a week | Per week | Per month | Per year |
|---|---|---|---|
| 20 | $480 | $2,080 | $24,960 |
| 30 | $720 | $3,120 | $37,440 |
| 40 | $960 | $4,160 | $49,920 |
| 45 | $1,080 | $4,680 | $56,160 |
Before tax, at the same rate for every hour (no overtime pay).
$24 an hour after tax
| Province | Take-home per year | Per month | Per hour | Average rate |
|---|---|---|---|---|
| Nunavut | $41,302 | $3,442 | $19.86 | 17.3% |
| Northwest Territories | $40,709 | $3,392 | $19.57 | 18.5% |
| Yukon | $40,552 | $3,379 | $19.50 | 18.8% |
| British Columbia | $40,514 | $3,376 | $19.48 | 18.8% |
| Alberta | $40,484 | $3,374 | $19.46 | 18.9% |
| Ontario | $40,085 | $3,340 | $19.27 | 19.7% |
| Saskatchewan | $39,643 | $3,304 | $19.06 | 20.6% |
| New Brunswick | $39,303 | $3,275 | $18.90 | 21.3% |
| Newfoundland and Labrador | $39,200 | $3,267 | $18.85 | 21.5% |
| Manitoba | $39,021 | $3,252 | $18.76 | 21.8% |
| Prince Edward Island | $38,775 | $3,231 | $18.64 | 22.3% |
| Quebec | $38,770 | $3,231 | $18.64 | 22.3% |
| Nova Scotia | $38,208 | $3,184 | $18.37 | 23.5% |
Assumes employment income only, paid every two weeks, with the basic personal amount and no RRSP contributions. Full-time at 40 hours a week. Uses 2026 tax rules.
Open the full take-home pay calculatorFrequently asked questions
How much is $24 an hour a year?
$49,920 a year before tax, working 40 hours a week for 52 weeks (2,080 hours).
How much is $24 an hour a month?
$4,160 a month before tax. Months vary in length, so this is the yearly amount divided by 12.
How much is $24 an hour after tax?
Between $38,208 a year (in Nova Scotia) and $41,302 a year (in Nunavut) for an employee working 40 hours a week, or $18.37 to $19.86 an hour after tax.
How much is $24 an hour per bi-weekly paycheque?
$1,920.00 before tax.