$24 an hour by hours worked
What the same hourly rate pays at different weekly schedules (overtime premium not included).
| Hours per week | Per week | Per month | Per year |
|---|---|---|---|
| 16 h | $384.00 | $1,664.00 | $19,968 |
| 20 h | $480.00 | $2,080.00 | $24,960 |
| 25 h | $600.00 | $2,600.00 | $31,200 |
| 30 h | $720.00 | $3,120.00 | $37,440 |
| 35 h | $840.00 | $3,640.00 | $43,680 |
| 37.5 h | $900.00 | $3,900.00 | $46,800 |
| 38 h | $912.00 | $3,952.00 | $47,424 |
| 40 h | $960.00 | $4,160.00 | $49,920 |
| 45 h | $1,080.00 | $4,680.00 | $56,160 |
What $24 an hour adds up to
- A $1,000 pay rise would add $748 to your take-home pay at this salary.
- Your taxable income is in the 14% federal bracket, $9,067 below the 20.5% bracket.
- Your salary is below the CPP maximum pensionable earnings, so contributions apply to every dollar above the $3,500 exemption.
- Your RRSP room from this salary is about $8,986 (18% of earned income), usable next year.
- A TFSA and an RRSP both make sense at this income: the RRSP gives a refund at your marginal rate, the TFSA grows tax-free.
$24 an hour after tax by pay period (Ontario)
Budget around your real paycheque: the table converts this salary into every common Canadian pay schedule.
| Pay period | Gross pay | Deductions | Take-home pay |
|---|---|---|---|
| Yearly | $49,920 | $9,835 | $40,085 |
| Monthly | $4,160.00 | $819.58 | $3,340.42 |
| Semi-monthly | $2,080.00 | $409.79 | $1,670.21 |
| Bi-weekly | $1,920.00 | $378.27 | $1,541.73 |
| Weekly | $960.00 | $189.13 | $770.87 |
| Daily | $192.00 | $37.83 | $154.17 |
| Hourly | $24.00 | $4.73 | $19.27 |
Take-home pay in every province and territory
Provincial taxes make a real difference. On $49,920, take-home pay ranges from $38,208 in Nova Scotia to $41,302 in Nunavut.
Where your money goes
- Take-home pay$40,08580.3%
- Federal income tax$3,9758.0%
- Ontario income tax$2,2844.6%
- CPP contributions$2,7625.5%
- Employment Insurance$8141.6%
- Federal income tax ($3,975). Federal brackets apply to $49,456 of taxable income, minus non-refundable credits such as the basic personal amount.
- Ontario income tax ($2,284). Each province has its own brackets and credits, and Ontario adds a surtax and the Ontario Health Premium.
- CPP contributions ($2,762). Builds your public pension; your employer pays the same amount on top.
- Employment Insurance ($814). Premiums that fund regular and special EI benefits, capped each year.
Frequently asked questions
$24 an hour is how much a year?
$49,920 a year before tax, based on 40 hours a week and 52 weeks.
$24 an hour is how much a month?
About $4,160.00 per month before tax.
$24 an hour is how much a week?
$960.00 per week before tax for 40 hours.
How much is $24 an hour after tax?
About $40,085 a year, or $19.27 per hour in Ontario.
Figures use CRA and Revenu Québec 2026 federal and provincial brackets, basic personal amounts, CPP/QPP, EI and QPIP rates for an employee. Read our methodology. Last updated September 25, 2026. Estimates for information only, not tax advice.