$42 an hour is how much a year after tax?
At $42 an hour for 40 hours a week you earn $87,360 a year before tax. After tax you take home about $5,444.97 a month, or $65,339.69 a year in Ontario.
2026 rates 25.2% goes in tax and deductions 40 hours a week, 52 weeks
$42 an hour before and after tax
| Before tax | After tax | |
|---|---|---|
| A year | $87,360.00 | $65,339.69 |
| A month | $7,280.00 | $5,444.97 |
| Every two weeks | $3,360.00 | $2,513.06 |
| A week | $1,680.00 | $1,256.53 |
| A day (8 hours) | $336.00 | $251.31 |
| An hour | $42.00 | $31.41 |
Where the tax goes
| Year | Month | Week | Day | Hour | |
|---|---|---|---|---|---|
| Gross pay | $87,360.00 | $7,280.00 | $1,680.00 | $336.00 | $42.00 |
| Federal tax | −$10,710.40 | −$892.53 | −$205.97 | −$41.19 | −$5.15 |
| Ontario tax | −$4,790.40 | −$399.20 | −$92.12 | −$18.42 | −$2.30 |
| Ontario Health Premium | −$750.00 | −$62.50 | −$14.42 | −$2.88 | −$0.36 |
| CPP | −$4,646.45 | −$387.20 | −$89.35 | −$17.87 | −$2.23 |
| EI | −$1,123.07 | −$93.59 | −$21.60 | −$4.32 | −$0.54 |
| Take-home pay | $65,339.69 | $5,444.97 | $1,256.53 | $251.31 | $31.41 |
How it's worked out
- $42.00 × 40 hours × 52 weeks = $87,360.00 a year, assuming paid holidays.
- Main figures are for Ontario, the most populous province. See every province in the table below.
- Federal tax starts at 14% on the first $58,523 of taxable income, after credits for the $16,452 basic personal amount, CPP, EI and the Canada employment amount (2026).
- CPP is 5.95% of earnings between $3,500 and $74,600, plus 4% on earnings up to $85,000. EI is 1.63% of earnings up to $68,900.
- Other credits and deductions, such as RRSP contributions or union dues, are not included.
$42 an hour in each province and territory
| Province | After tax a year | A month | An hour |
|---|---|---|---|
| Alberta | $65,674 | $5,473 | $31.57 |
| British Columbia | $66,298 | $5,525 | $31.87 |
| Manitoba | $63,008 | $5,251 | $30.29 |
| New Brunswick | $62,936 | $5,245 | $30.26 |
| Newfoundland and Labrador | $62,511 | $5,209 | $30.05 |
| Northwest Territories | $66,243 | $5,520 | $31.85 |
| Nova Scotia | $60,937 | $5,078 | $29.30 |
| Nunavut | $67,490 | $5,624 | $32.45 |
| Ontario | $65,340 | $5,445 | $31.41 |
| Prince Edward Island | $61,839 | $5,153 | $29.73 |
| Quebec | $61,283 | $5,107 | $29.46 |
| Saskatchewan | $63,819 | $5,318 | $30.68 |
| Yukon | $65,991 | $5,499 | $31.73 |
Names link to the $85,000 salary page for that province, the nearest yearly figure.
Part-time and overtime
| Hours a week | Before tax a year | After tax a year | After tax a month |
|---|---|---|---|
| 20 | $43,680 | $35,567 | $2,964 |
| 25 | $54,600 | $43,578 | $3,632 |
| 30 | $65,520 | $50,890 | $4,241 |
| 40 | $87,360 | $65,340 | $5,445 |
| 45 | $98,280 | $73,022 | $6,085 |
| 50 | $109,200 | $80,503 | $6,709 |
Overtime is shown at the normal rate. Many jobs pay more for extra hours, which you can add in the calculator.
Change the numbers
Add a pension, student loan or other options, or try a different rate. This is the same Canada income tax calculator 2026 used across the site.
Other hourly rates in Canada
- $17
- $18
- $19
- $20
- $21
- $22
- $23
- $24
- $25
- $26
- $27
- $28
- $29
- $30
- $31
- $32
- $33
- $34
- $35
- $36
- $37
- $38
- $39
- $40
- $41
- $42
- $43
- $44
- $45
- $46
- $47
- $48
- $49
- $50
- $55
- $60
- $70
- $80
Yearly salaries after tax
- $40,000
- $45,000
- $50,000
- $55,000
- $60,000
- $65,000
- $70,000
- $75,000
- $80,000
- $85,000
- $90,000
- $100,000
- $110,000
- $120,000
- $150,000
Figures are estimates for planning, using the standard allowances of 2026. Spotted something wrong? Tell us.