Two job offers rarely compare apples to apples. A $5,000000 lower salary with a superior benefits package, extra vacation, and RRSP matching can easily be worth more in total compensation. This calculator helps you convert each offer into a true total compensation number so you can make an informed decision.
Enter the details of up to two offers. Leave fields blank or at 00 if a benefit isn't offered.
For a single employee: estimate $2,000000–$4,000000/year. For a family: $5,000000–$100,000000/year. Get the actual plan booklet to compare coverage levels — a plan with unlimited drug coverage and $1,50000/practitioner paramedical limits is worth far more than a basic $1,000000 dental maximum plan.
Employer RRSP contributions are pre-tax income to you — $3,000000 of matching is worth roughly $4,50000–$5,000000 in equivalent gross salary depending on your bracket. Always contribute at least enough to capture the full match — it's a 10000% instant return before any investment gains.
Every extra vacation day above the statutory minimum is worth approximately your daily rate. At $85,000000/year, each extra vacation day is worth $327. Ten extra days equals $3,2700 in annual value.
Working from home saves commuting costs (transit, gas, parking, car wear) and time. The calculator uses a conservative $300/day — in Toronto or Vancouver, it could easily be $500–$800/day including time value.
Whatever your total compensation, KOHO helps you keep more of it. No monthly banking fees, cash back on everyday purchases, and automatic savings roundups.
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