$42 an Hour Is How Much a Year?
Based on a 40-hour week — with take-home pay after tax in Ontario (2026)
$42/hour equals
$87,360/year
before tax · $7,280/month · $1,680/week
Gross annual salary$87,360
Federal + provincial tax−$12,569
CPP + EI−$5,354
Take-home pay$69,437/year
After tax that's about $33/hour effective. Ontario rates; other provinces differ. You keep 79% of your gross.
$42 an hour at a glance
| Period | Before tax | After tax |
|---|---|---|
| Yearly | $87,360 | $69,437 |
| Monthly | $7,280 | $5,786 |
| Weekly | $1,680 | $1,335 |
| Daily (5-day week) | $336 | $267 |
| Hourly | $42 | $33 |
$42 an hour is how much a year?
$42 an hour is $87,360 a year before tax, assuming you work 40 hours a week across all 52 weeks of the year ($42 × 40 × 52). That's $7,280 a month or $1,680 a week before deductions.
After federal and Ontario provincial tax, plus CPP and EI, your take-home pay is about $69,437 a year — roughly $5,786 a month, or an effective $33 an hour. Other provinces have different tax rates.
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Frequently asked questions
$42 an hour is $87,360 a year (40h/week × 52 weeks). After tax, CPP and EI in Ontario you take home about $69,437 a year.
$7,280 a month before tax, or about $5,786 a month after tax, CPP and EI.