1. What is the Hourly to Salary Calculator?

This calculator converts hourly wage to annual salary specifically for Alberta, Canada. It helps employees and employers understand equivalent annual earnings based on hourly pay rates.

2. How Does the Calculator Work?

The calculator uses the standard salary calculation formula:

Where:

• Hourly Wage — Pay rate in Canadian dollars per hour
• Hours per Week — Typical weekly working hours
• 52 — Number of weeks in a year

Explanation: The calculation assumes full-time employment (52 weeks per year) without accounting for overtime, bonuses, or unpaid time off.

3. Importance of Salary Calculation

Details: Understanding equivalent annual salary helps with budgeting, job comparisons, and financial planning. In Alberta, this is particularly important for industries with significant hourly employment like oil/gas, retail, and hospitality.

4. Using the Calculator

Tips: Enter your hourly wage in CAD/hour and typical weekly hours. The calculator assumes you work the same hours every week for 52 weeks.

5. Frequently Asked Questions (FAQ)

Q1: Does this include Alberta overtime rules?
A: No, this is a basic calculation. Alberta overtime (1.5x after 44 hours/week) would increase actual earnings.

Q2: What about vacation pay?
A: The calculation doesn't account for Alberta's 4% vacation pay on first $88,375 (2023) which would be additional.

Q3: Is this gross or net salary?
A: This shows gross annual salary before taxes and deductions like CPP, EI, and Alberta income tax.

Q4: How accurate is this for part-time work?
A: It assumes consistent weekly hours. For variable schedules, use average weekly hours.

Q5: What's Alberta's minimum wage?
A: As of 2023, Alberta's general minimum wage is $15.00/hour ($31,200/year at 40 hrs/week).