Holiday Pay Formula:
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In Ontario, employees are entitled to public holiday pay when they work on a public holiday. The pay is calculated based on their regular wage multiplied by the hours worked and a holiday rate multiplier.
The standard calculation for holiday pay is:
Where:
Explanation: The formula accounts for both the employee's normal wage and the premium pay they receive for working on a public holiday. The standard holiday rate in Ontario is 1.5 times the regular wage, but some employers may offer higher rates.
Tips: Enter your regular hourly wage in CAD, the number of hours worked on the holiday, and the holiday rate multiplier (typically 1.5). All values must be positive numbers.
Q1: What is the standard holiday pay rate in Ontario?
A: The standard is time-and-a-half (1.5 times regular wage) for hours worked on a public holiday.
Q2: Are all employees entitled to holiday pay?
A: Most employees are entitled, but there are exceptions for certain industries and types of employment.
Q3: What if I don't work on the holiday?
A: Eligible employees who don't work on the holiday may still be entitled to public holiday pay.
Q4: How many public holidays are there in Ontario?
A: There are 9 public holidays in Ontario each year.
Q5: Can my employer offer more than time-and-a-half?
A: Yes, employers can offer higher rates, but they cannot offer less than the minimum required by law.