$42 an hour is how much a year?
At 40 hours a week, $42 an hour is $87,360 a year before tax, or about $60,937 to $67,490 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
$87,360
40 hours a week × 52 weeks
Take-home pay after tax
$65,340a year · $5,445 a month
- Take-home$65,340
- Tax and deductions$22,020
Average tax rate 25.2% · $31.41 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 | $42.00 |
| Per day (5-day week) | $336.00 |
| Per week | $1,680.00 |
| Every 2 weeks | $3,360.00 |
| Per month | $7,280.00 |
| Per year | $87,360.00 |
After tax (2026)
| Per year | Per month | |
|---|---|---|
| Gross pay | $87,360 | $7,280 |
| Federal income tax | -$10,710 | -$893 |
| Ontario income tax | -$4,790 | -$399 |
| Ontario Health Premium | -$750 | -$63 |
| CPP | -$4,230 | -$353 |
| CPP2 | -$416 | -$35 |
| EI | -$1,123 | -$94 |
| Take-home pay | $65,340 | $5,445 |
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 | $840 | $3,640 | $43,680 |
| 30 | $1,260 | $5,460 | $65,520 |
| 40 | $1,680 | $7,280 | $87,360 |
| 45 | $1,890 | $8,190 | $98,280 |
Before tax, at the same rate for every hour (no overtime pay).
$42 an hour after tax
| Province | Take-home per year | Per month | Per hour | Average rate |
|---|---|---|---|---|
| Nunavut | $67,490 | $5,624 | $32.45 | 22.7% |
| British Columbia | $66,298 | $5,525 | $31.87 | 24.1% |
| Northwest Territories | $66,243 | $5,520 | $31.85 | 24.2% |
| Yukon | $66,087 | $5,507 | $31.77 | 24.4% |
| Alberta | $65,674 | $5,473 | $31.57 | 24.8% |
| Ontario | $65,340 | $5,445 | $31.41 | 25.2% |
| Saskatchewan | $63,819 | $5,318 | $30.68 | 26.9% |
| Manitoba | $63,008 | $5,251 | $30.29 | 27.9% |
| New Brunswick | $62,936 | $5,245 | $30.26 | 28.0% |
| Newfoundland and Labrador | $62,511 | $5,209 | $30.05 | 28.4% |
| Prince Edward Island | $61,839 | $5,153 | $29.73 | 29.2% |
| Quebec | $61,558 | $5,130 | $29.60 | 29.5% |
| Nova Scotia | $60,937 | $5,078 | $29.30 | 30.2% |
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 $42 an hour a year?
$87,360 a year before tax, working 40 hours a week for 52 weeks (2,080 hours).
How much is $42 an hour a month?
$7,280 a month before tax. Months vary in length, so this is the yearly amount divided by 12.
How much is $42 an hour after tax?
Between $60,937 a year (in Nova Scotia) and $67,490 a year (in Nunavut) for an employee working 40 hours a week, or $29.30 to $32.45 an hour after tax.
How much is $42 an hour per bi-weekly paycheque?
$3,360.00 before tax.