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Taxes, payroll and business

Hourly and daily rate

Find the minimum rate to cover your target income, operating costs and reserve with your billable time.

Annual budget before personal income tax · rates rounded up to dollars

Your business

CAD
CAD
CAD

Costs exclude owner pay, sales tax and variable expenses. Enter the amount you want to retain in the business separately as a reserve. Do not include your target income again in operating costs.

Amounts from $0 to $2,000,000. Weeks: 1–52; days: 1–7 (whole numbers); hours: 0.25–24 in 0.25 steps; billable time: 0–100% (whole number).

Your minimum rate

Minimum hourly rate · before sales tax

$67 / hour

Minimum daily rate · before sales tax
$534

Your annual capacity

Available hours
1,800 h
Billable hours
1,080 h
Equivalent billable days
135

Required annual revenue

Annual target income before tax
$60,000
Annual fixed operating costs
$12,000
Optional annual reserve
$0
Total to invoice before sales tax
$72,000

Target income is before personal income tax, not take-home pay. Sales tax, personal income tax, social contributions, variable costs, unpaid invoices and collection delays are excluded. Budget these needs separately.

Method and related tools

Required revenue = target income + fixed costs + reserve. Available capacity = weeks × days × hours. Billable time = capacity × billable share; it subtracts administration, sales and other unpaid work once. Weeks already exclude holidays and interruptions. Each rate is rounded up from the precise annual requirement. The daily rate covers a fully billed day; it does not multiply the already-rounded hourly rate.

Target income is before personal income tax, not take-home pay. Sales tax, personal income tax, social contributions, variable costs, unpaid invoices and collection delays are excluded. Budget these needs separately.