What is Minimum wage in Ontario?

Minimum wage in Ontario after deductions?

• The minimum wage in Ontario is $9.60 before deductions. Cpp=4.95% EI=2% Taxes=15% ------------------ 22% $9.60x0.78= $7.49/hr Is this a good estimate of my hourly wage after deductions or do you see any problems with my calculations?

• Answer:

  The problems with the calculations are: -- EI rate is 1.78% -- You will also be subject to provincial income tax (5.05% in Ontario). -- You don't have to pay CPP on the first $2500 of annual earnings -- You don't have to pay federal income tax on the first $10,527 of earnings. -- You don't have to pay provincial income tax on the first $9,104 of earnings. At 40 hours per week, the actual deductions would be: Gross pay: 384.00 Federal income tax: 21.41 Provincial income tax: 9.98 CPP: 15.74 EI: 6.84 Take home pay: 330.03 Deduction percentage: 14%