Question 1

How much does the average Canadian meeting cost?

Accepted Answer

A one-hour meeting with 8 people on the Canadian median full-time salary (~C$65K, Statistics Canada) costs roughly C$260 in direct labour. At C$110K per person — typical for a mid-size tech team in Toronto or Vancouver — the same meeting costs about C$440. Multiply that by weekly recurrence and a single recurring meeting can cost north of C$20K a year.

Question 2

How is the meeting cost calculated?

Accepted Answer

Each attendee's annual salary is converted to an hourly rate (salary ÷ 2,000 working hours per year for Canada), then multiplied by the number of attendees and the meeting length. For example: 6 people × C$32.50/hour × 1 hour = C$195. This is direct labour cost only; the true cost including preparation and context-switching is typically 2–3× higher.

Question 3

Why 2,000 hours a year?

Accepted Answer

Canadian full-time workers average around 2,000 productive working hours per year once statutory holidays (around 10 federally, with province-by-province variation) and typical vacation (starting at 2 weeks, commonly 3 with tenure) are removed. That sits between the US figure (2,080) and the UK figure (1,950) — reflecting Canada's mid-range statutory leave. Using it gives an honest per-hour salary cost for teams based here.

Question 4

How can I reduce meeting costs?

Accepted Answer

The highest-leverage moves are: only invite people who genuinely need to be there, default to 25 or 50 minutes instead of 30 or 60, require a written agenda before any meeting is booked, and move status updates to async (Loom, Slack, shared docs). Canadian teams spanning Toronto, Montreal and Vancouver often find async-first working actually widens their collaboration window rather than shrinking it.

Question 5

Is this tool free to use?

Accepted Answer

Yes — completely free, no sign-up, no account. TimeIsMoney.tools is supported by minimal, non-intrusive advertising. Nothing you enter leaves your browser.

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