The Math regarding having an in home caregiver is not super simple, the wages encompass a mix of care-giving and in most cases housework. You don’t get housework done using daycare. Lets look at examples. Toronto 11.54/hr at 40hrs a week times 52 weeks a year divide by 12 months. This is the only formula to use, there are different numbers of days in each month you cannot just say 40hrs times 4weeks. 24003.2/12= 2000.27 per month in Ontario. Total cash income 2,000.27 Total cash income 2,000.27 Taxable income for the pay period 2,000.27 Pensionable earnings for the pay period 2,000.27 Insurable earnings for the pay period 2,000.27 Federal tax deduction 122.30 Provincial tax deduction 7... »