Raise calculator
Turn a raise percentage into money, or find out what percentage your new salary is.
- Type your current salary.
- Choose how your raise is given: %, amount or new salary.
- See your new pay a year, a month and a week.
- New salary
- $73,500.00
- Rise a year
- $3,500.00
- Rise a month
- $291.67
- Rise as %
- 5%
That is $67.31 more a week before tax. See your new take-home pay.
How to work out a raise
New salary = current salary × (1 + percentage ÷ 100). A 5% raise on $70,000 is $3,500 a year, so your new salary is $73,500.
To find the percentage from a new salary: (new − old) ÷ old × 100.
Raises on $70,000
| Raise | New salary | Extra a year | Extra a month |
|---|---|---|---|
| 2% | $71,400 | $1,400 | $116.67 |
| 3% | $72,100 | $2,100 | $175.00 |
| 4% | $72,800 | $2,800 | $233.33 |
| 5% | $73,500 | $3,500 | $291.67 |
| 7.5% | $75,250 | $5,250 | $437.50 |
| 10% | $77,000 | $7,000 | $583.33 |
| 15% | $80,500 | $10,500 | $875.00 |
| 20% | $84,000 | $14,000 | $1,166.67 |
Tax takes part of any raise. Check your take-home pay to see what you really keep.
More Canada calculators
Frequently asked questions
How much is a 3% raise on $70,000?
$2,100 a year, taking you to $72,100.
How do I calculate a percentage raise?
Multiply your salary by the percentage and divide by 100. Add that to your salary for the new total.
What is a good raise?
It depends on inflation and your job market. A rise below inflation means your pay buys less than before, even though the number goes up.