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Is it a nice idea to be close to your employees?
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Not sure about specific rates in Toronto. But I heard one of the ways you can define your rate for contract roles specifically is to divide your salary by 2, and then just remove the 0s.
So if you’re making $90k CAD, your target contract rate should be $45/hr
Please don’t listen to the person above.
If you’re making 90k for FTE and go contract, a better rule of thumb is your hourly rate should be close to your salary rate in k.
E.g.: If you make 90k / yearly you should be trying to make ~$90/hr.