What does your job actually pay you per hour?
Salary is a rough approximation. Your real hourly wage accounts for tax, CPP, EI, commute time you can't spend doing anything else, and the money a remote job saves you in commute costs and eating out. Two people with the same nominal salary can have wildly different real hourly wages. Let's see yours.
Inputs
Set to 0 if fully remote
Each WFH day saves ~$6 in food/transit avoided
Extended health, dental, RRSP match, stock, bonus
Your real hourly wage
$23.34
per hour of your time
vs $40.00/hr nominal
−42% ($17/hr gap)
Reverse solver - aim for a number
What gross salary hits your target?
Pick a take-home or real hourly target. We solve the gross salary that gets you there, holding everything else about this job fixed.
Seeded from your current $58,344 of real cash
To hit $58,344 you'd need a gross salary of $80,000 ( $0 more than your current $80,000 )
At $80,000, your next dollar is taxed at 29.7% - you keep 70c on the dollar.
Real hourly wage as gross salary rises (0.6x to 1.6x your current salary). The dashed line marks your target.
Where the gap comes from
- Gross salary$80,000
- Federal + provincial tax (17.1%)−$13,686
- CPP + CPP2−$4,446
- EI−$1,123
- Net take-home$60,744
- Commute cost (5 office days/wk)−$2,400
- Real cash value$58,344
- Work hours / year2000h
- Commute hours / year (round-trip)+500h
- Total hours of your life2500h
💡 What this means
On paper, your job pays $40.00/hr. In practice, after tax, CPP, EI, and the commute time you can't spend on anything else, you're earning $23.34/hr. That commute costs you 500 hours/year of your life - that's 21 full days. A fully-remote role at $56,337 would pay the same real hourly wage.
Educational tool only. Uses the same tax engine as the Tax Calculator. Commute time is not literally compensated - this is a quality-of-life framing, not a paystub line.