Hourly to Salary Calculator

Common employer benefits: health/dental insurance ($6,000–$18,000/yr), RRSP/401k match ($2,000–$6,000), paid vacation (2 wks = ~3.8% of salary), life/disability insurance ($500–$2,000), professional development, and parking. Total benefits for a salaried employee are often 20–30% above base salary.

As a contractor (self-employed), you pay both employee and employer portions of CPP/EI (Canada) or FICA (USA), fund your own benefits, and have no job security or paid leave. A common rule: multiply your employee equivalent salary by 1.3–1.5 to get a comparable contractor day rate.