$24.00 an hour is how much a year in Canada? (2026)

At $24.00 an hour and 40 hours a week, you earn $49,920 a year in Canada. After 2026 federal and Ontario taxes, CPP and EI, that is $40,085 take-home, or $3,340 per month.

$24.00 an hour by weekly hours

Hours / weekGross / yearAfter tax (Ontario)Net / month
30 $37,440 $30,982 $2,582
35 $43,680 $35,567 $2,964
40 $49,920 $40,085 $3,340
44 $54,912 $43,799 $3,650

$24.00 with overtime

In Ontario, hours beyond 44 in a week pay time and a half, $36.00 at this rate. Ten overtime hours a week for a full year on top of 40 regular hours would gross $68,640 and net about $52,897 after tax. Overtime is taxed like ordinary income, at your marginal rate, not a special one.

Pay periods at $24.00 (40 hours)

PeriodGrossTake-home
Weekly$960$771
Biweekly$1,920$1,542
Monthly$4,160$3,340

Close to a salary job? See the full breakdown at $50,000 a year in every province, or set your own province in the Canada salary calculator.

Nearby rates

Frequently asked questions

How much is $24.00 an hour after tax?

$40,085 a year at 40 hours a week in Ontario for 2026, with federal and provincial tax, CPP and EI already deducted. Other provinces differ by a few hundred to a couple of thousand dollars; the calculator covers all 13 provinces and territories.

What assumptions does this page make?

52 paid weeks, single filer in Ontario, standard credits, no RRSP. Vacation pay of 4% is typically inside the rate for hourly jobs. See the Canada methodology.

Is overtime taxed more in Canada?

No. Withholding on a big cheque can look heavier, but the year-end tax is simply your bracket rate on the extra income, as the overtime example above shows.

2026 figures per CRA T4127 and the Ontario schedule. Last updated 2026-11-04.