$15 an Hour Is How Much a Year?
Based on a 40-hour week — with take-home pay after tax in Ontario (2026)
$15/hour equals
$31,200/year
before tax · $2,600/month · $600/week
Gross annual salary$31,200
Federal + provincial tax−$377
CPP + EI−$2,157
Take-home pay$28,666/year
After tax that's about $14/hour effective. Ontario rates; other provinces differ. You keep 92% of your gross.
$15 an hour at a glance
| Period | Before tax | After tax |
|---|---|---|
| Yearly | $31,200 | $28,666 |
| Monthly | $2,600 | $2,389 |
| Weekly | $600 | $551 |
| Daily (5-day week) | $120 | $110 |
| Hourly | $15 | $14 |
$15 an hour is how much a year?
$15 an hour is $31,200 a year before tax, assuming you work 40 hours a week across all 52 weeks of the year ($15 × 40 × 52). That's $2,600 a month or $600 a week before deductions.
After federal and Ontario provincial tax, plus CPP and EI, your take-home pay is about $28,666 a year — roughly $2,389 a month, or an effective $14 an hour. Other provinces have different tax rates.
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Frequently asked questions
$15 an hour is $31,200 a year (40h/week × 52 weeks). After tax, CPP and EI in Ontario you take home about $28,666 a year.
$2,600 a month before tax, or about $2,389 a month after tax, CPP and EI.