$42 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 | $672.00 | $2,912.00 | $34,944 |
| 20 h | $840.00 | $3,640.00 | $43,680 |
| 25 h | $1,050.00 | $4,550.00 | $54,600 |
| 30 h | $1,260.00 | $5,460.00 | $65,520 |
| 35 h | $1,470.00 | $6,370.00 | $76,440 |
| 37.5 h | $1,575.00 | $6,825.00 | $81,900 |
| 38 h | $1,596.00 | $6,916.00 | $82,992 |
| 40 h | $1,680.00 | $7,280.00 | $87,360 |
| 45 h | $1,890.00 | $8,190.00 | $98,280 |
What $42 an hour adds up to
- A $1,000 pay rise would add $703 to your take-home pay at this salary.
- Your taxable income is in the 20.5% federal bracket, $30,812 below the 26% bracket.
- You reach the maximum CPP and CPP2 contributions, so these deductions stop before the end of the year and your later paycheques increase.
- Your RRSP room from this salary is about $15,725 (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.
$42 an hour after tax by pay period (Ontario)
Whether your employer pays every two weeks or twice a month, here is what each paycheque looks like.
| Pay period | Gross pay | Deductions | Take-home pay |
|---|---|---|---|
| Yearly | $87,360 | $22,020 | $65,340 |
| Monthly | $7,280.00 | $1,835.03 | $5,444.97 |
| Semi-monthly | $3,640.00 | $917.51 | $2,722.49 |
| Bi-weekly | $3,360.00 | $846.94 | $2,513.06 |
| Weekly | $1,680.00 | $423.47 | $1,256.53 |
| Daily | $336.00 | $84.69 | $251.31 |
| Hourly | $42.00 | $10.59 | $31.41 |
Take-home pay in every province and territory
Provincial taxes make a real difference. On $87,360, take-home pay ranges from $60,937 in Nova Scotia to $67,490 in Nunavut.
Where your money goes
- Take-home pay$65,34074.8%
- Federal income tax$10,71012.3%
- Ontario income tax$5,5406.3%
- CPP contributions$4,6465.3%
- Employment Insurance$1,1231.3%
- Federal income tax ($10,710). Federal brackets apply to $86,233 of taxable income, minus non-refundable credits such as the basic personal amount.
- Ontario income tax ($5,540). Each province has its own brackets and credits, and Ontario adds a surtax and the Ontario Health Premium.
- CPP contributions ($4,646). Builds your public pension; your employer pays the same amount on top.
- Employment Insurance ($1,123). Covers income if you lose your job or take parental or sickness leave.
Frequently asked questions
$42 an hour is how much a year?
$87,360 a year before tax, based on 40 hours a week and 52 weeks.
$42 an hour is how much a month?
About $7,280.00 per month before tax.
$42 an hour is how much a week?
$1,680.00 per week before tax for 40 hours.
How much is $42 an hour after tax?
About $65,340 a year, or $31.41 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.