How the net raise is calculated
Net raise is estimated annual take-home on the new salary minus take-home on the current salary. Extra monthly, biweekly, and weekly amounts divide that annual difference by 12, 26, and 52.
Raise Calculator
A raise increases gross pay, but not dollar-for-dollar in your bank account. This calculator runs the payroll engine on your current salary and your new salary, then shows the extra take-home by month, biweekly cheque, and week.
Why you do not keep 100%
The extra income can attract more federal and provincial tax. If you are still below the ceilings, CPP or QPP and EI (and QPIP in Quebec) can also rise. Crossing a bracket or the CPP2 threshold changes the share you keep.
Province raise calculators
Frequently asked questions
How much of my raise will I actually keep?
The keep percentage is net raise divided by gross raise. It is based on two annual payroll estimates, not a single marginal rate applied to the raise.
Can I enter a raise as a percentage?
Yes. Choose Raise % and the calculator converts it into a new annual salary before running the comparison.