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📈 Salary Negotiation

Salary Increase Calculator

A salary increase calculator shows you the real impact of a raise — not just the headline percentage, but the after-tax monthly take-home, the new tax bracket, and the lifetime value of the increase if invested. Use it to plan a raise negotiation, evaluate a job offer, or decide whether to take a promotion.

Enter your current salary, the proposed increase (percentage or dollar amount), and your province. We'll show the monthly and annual take-home change, any tax bracket jumps, and the projected retirement balance if you invest the difference. The lifetime value of even a small raise, compounded over 30 years, is often eye-opening.

🛡️ Keep Up With Inflation

📌 5 Raise Tips

Want to see what your raise is really worth after inflation? Try the inflation-adjusted salary calculator to convert nominal to real wages.

Need a baseline of your current pay first? Use the salary calculator to break down gross-to-net by pay frequency and tax region.

Wondering what that raise is worth invested? Use the ROI calculator to project the return on investing your raise vs. spending it.

Disclaimer: This calculator provides estimates for educational purposes only. Actual raises depend on company policy, performance, market conditions, and negotiation skills. Not career or financial advice — consult professionals for personalized guidance.

Frequently Asked Questions

How much of a raise should I ask for?

Standard annual raises in Canada are 2-4% (matching inflation). Promotions are typically 10-20%. Job switches often yield 15-30%. Be specific: research the market rate for your role using Glassdoor, Levels.fyi, or the PayScale salary database, then ask for the 60-80th percentile of that range.

What percentage raise is worth switching jobs?

Most financial planners suggest a 15-20% raise minimum for a job switch (to account for lost benefits, vesting, and the risk of a new role). Below 10%, the disruption usually isn't worth it. Above 25%, the new role should have strong growth potential to justify the disruption.

How do I calculate my new take-home pay after a raise?

Use this calculator. Enter your current gross salary and the raise amount/percentage. We'll show the new gross, the federal+provincial tax, CPP/EI, and net take-home. The difference is what hits your bank account each pay period.

Should I negotiate a higher salary or more vacation?

Money now is more flexible than time off later. A $5,000 raise compounds to ~$40,000 over 30 years if invested. A week of extra vacation is worth ~$1,000 (1/52 of your salary). Negotiate money first; trade vacation only for significantly more compensation.

When is the best time to ask for a raise?

During a performance review (the natural conversation), after a major win (close a big deal, ship a critical project, hit a stretch goal), or when you have market data showing you're underpaid (every 1-2 years, do a market check). Never during a downturn or right after a major company miss.