11th, Jul 2024

Accounting Jobs In Canada 2024

Accounting Jobs, Salaries, and Careers in Canada: What Newcomers Should Know

Accounting Jobs

Accounting Jobs employ over 200,000 Canadians due to its popularity. This review of employment qualifications, salary, and job search tactics can help you advance your accounting career in Canada. Accountants are crucial to business finance management. Many companies need accountants. Therefore, newbies and globally trained experts have enormous chance.

How to Immigrate to Canada as an Accountant Jobs

Professional certification is necessary for those who wish to pursue a career in accounting. Both chartered professional accountants (CPA) and chartered accountants (CA) in Canada are required to have a degree from an accredited university in order to meet the requirements for their respective jobs.

Additionally, you are required to finish a professional training program that has been approved by an Institute of Chartered Accountants in your desired province. In addition, upon successful completion of the Uniform Evaluation Exam, many provinces will demand either two years or thirty months of on-the-job training, as well as membership in a provincial Institute of Chartered Accountants.

If you want to work in Canada, you must prepare before you arrive. In the event that you intend to provide public accounting services, such as auditing the financial statements of corporations, you should be aware that the conditions for obtaining a license vary from province to province and territory to territory. When you make contact with the regulatory organization in the province where you intend to take up residence, make sure to inquire about this.

Things to do before moving to Canada for an Accounting Jobs Career

You can take actions before moving to Canada to boost your prospects of continuing your accounting career:

  • Attend the Job Search Strategies and Techniques in Canada webinar to learn about the labour market.
  • Please get in touch with the provincial or territorial accounting regulating agency in the province in which you wish to establish your new home. They are able to shed light on the requirements for the work as well as the procedure of obtaining an accounting license.
  • Verify with the regulatory body whether or not the documents you need to bring need to be translated, and inquire about any other documents that you are required to bring. In Canada, it is possible that you will want the assistance of a professional translation agency.
  • Your formal documentation pertaining to your education, employment, and identification should be gathered and organized while you are still in your home country.
  • You should do some research on the pay and benefits offered by accounting firms.
  • You should enroll in language classes while you are in your native country in order to improve your language skills in either English or French for example.

What to Expect When Pursuing an Accounting Career in Canada

By gaining an understanding of the prerequisites for accounting jobs, you will be able to locate work more quickly once you arrive in Canada. Arriving in Canada, newcomers frequently find that it is difficult to obtain job in their chosen field once they have arrived in the country. When it comes to accountants, this is also true because they will be required to have their accounting qualifications recognized and to have job experience in Canada.

Both accountants and financial auditors are members of a profession that is subject to regulation in Canada. Also, the profession is regulated by each individual province and territory. In the field of business and accounting, the Chartered Professional Accountant (CPA) designation is one of the most sought after credentials in Canada.

Job prospects for accountants can vary in Canada. Therefore, it’s vital to carefully research provincial and local job prospects and labour markets. This will allow you to match your skills and experience with the accounting job requirements across Canada. This knowledge may even inform the city that you choose to settle in Canada.

Based on the prospects from the Government of Canada Job Bank, the market for accounting jobs is relatively balanced. But there are still a lot of opportunities for newcomers looking to start accounting careers. Projections are good in all provinces and territories across the country. Plus, accounting salaries in Canada are excellent.

Start Your Research with the NOC Code for Accounting Jobs in Canada

The National Occupational Classification (NOC) code 11100 is assigned to those who work in the field of accounting and financial auditing. Job seekers are among the many groups that make use of the National Occupational Classification (NOC), which offers a standardized classification of accounting employment in Canada. It is advisable to study the NOC description before beginning your search for an accounting job. This will allow you to determine whether or not you are already performing similar job activities in your home country. There is also the possibility of locating examples of job titles that accountants in Canada use. You will find this information useful when you start looking for a job.

Accounting Jobs

Requirements to Continue Your Accounting Jobs Career in Canada

Accreditation as a Canadian accountant depends on your standing.

  • Are you a certified public accountant in the nation in which you were born?
  • Have you recently graduated from a school that specializes in international accounting?
  • Do you have any experience working in accounting in a foreign field?
  • What kind of license do you hold in another country?

The actions that you take next will be determined by your present status. The acknowledgment of your credentials, the enhancement of your skills, the completion of a bridging program, or the pursuit of additional accounting education could all be included in these options.

Credential Recognition to Meet Accounting Job Requirements in Canada

When it comes to the procedures that must be followed in order to become an accountant in Canada, provincial and territorial accounting associations are the ones that supply information. On the other hand, during the majority of instances, they are unable to evaluate your qualifications before you arrive in Canada.

You are need to get in touch with the national group that oversees the accounting profession in your particular field in order to accomplish this goal. In any case, they are able to either provide the assessment services directly or make recommendations for evaluation services.

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Credential Assessment Services

In order to be considered for admission to a university in Canada, it is possible that your academic qualifications will be evaluated. However, there are circumstances in which an employer might ask for your academic evaluation. If you require support, you may get in touch with any of the following organizations:

World Education Services (WES) – Ontario

International Qualifications Assessment Service (IQAS) – Alberta

Please click on this link in order to locate further organizations and agencies that offer services related to the evaluation, assessment, and recognition of qualifications.

Upgrading Your Skills to Meet Accounting Job Requirements

In order to obtain a license to practice accounting, you will be required to finish a program of study that has been approved, complete supervised work experience, and pass a professional ethics interview. Obtaining your license might be made easier by enrolling in bridging programs and taking classes that improve your skills.

It is a requirement for employers in Canada that accountants possess sophisticated mathematical and financial skills. Additionally, it is anticipated that you possess great communication and interpersonal skills, as well as skills in business and report writing, critical thinking, and the ability to identify and solve problems. Furthermore, it is anticipated that you would have a working knowledge of accounting software packages and apps.

Additionally, in order to improve your "soft skills," you might require training or an upgrade in your skills. Acquiring a job and effectively achieving your professional objectives can be facilitated by possessing soft skills. For instance, in Canada, having strong communication skills is not only necessary but also equally as crucial as having strong physical talents.

Additionally, if you are applying for a management position, the value of your soft skills is much higher than the value of your technical talents. If you have great soft skills, you may also be able to boost your financial compensation in accounting.

Language Training for Accounting Careers in Canada

Despite the fact that accountants work with numbers, strong communication skills are an essential component of working in accounting employment. Enhancing your ability to communicate verbally and in writing might be beneficial. LINC stands for Language Instruction for Newcomers to Canada, and it is possible that you could qualify for this program.

In any other case, you can obtain classes in English as a Second Language (ESL) or French as a Second Language (FSL) through school boards or settlement organizations. These classes can be found at no cost or at a very low cost.

Job-specific language training and occupation-specific language training (OSLT) are two examples of some of the language classes that are available in Ontario. These classes are designed to teach you professional terminology. Additionally, if you are already proficient in one of Canada's two official languages, studying the other language is a smart alternative because it may provide you with better prospects for employment.

Bridging programs help internationally educated and trained accountants develop the professional competencies required to work in Canada. Here are some of the schools and organizations offering bridging programs:

York University Bridging Program for Internationally Educated Professionals

CPAC Bridging Program for Internationally Trained Accounting Professionals

University of Lethbridge – CPA Bridging

Accounting Schools in Canada

Accounting Jobs

Within the Canadian educational system, there are more than one hundred post-secondary institutions that provide accounting programs at the college, university, and post-graduate levels. The following is a list of the best accounting schools of Canada:

World RankingUniversities/CollegesLocation
23University of TorontoToronto
73University of British ColumbiaVancouver
84Western UniversityLondon (Canada)
86University of AlbertaEdmonton
94University of MontrealMontreal
104York UniversityToronto
144Simon Fraser UniversityBurnaby
150McGill UniversityMontreal
151University of CalgaryCalgary
168University of WaterlooWaterloo
182Concordia UniversityMontreal
213Laval UniversityQuebec City
232University of OttawaOttawa
233McMaster UniversityHamilton

Accounting Jobs Associations in Canada

Accounting associations in Canada are able to supply information regarding certification, professional development, education, and information regarding the needs for accounting jobs.

National Accounting Associations

Chartered Professional Accountants of Canada (CPA Canada)

Provincial/Territorial Regulatory Bodies

Alberta

CPA-Alberta

British Columbia

CPABC

Manitoba

CPAMB

New Brunswick

CPA New Brunswick

Newfoundland and Labrador

CPANL

Northwest Territories

CPA Northwest Territories/Nunavut

Nova Scotia

CPA Atlantic

Ontario

CPA Ontario

Prince Edward Island

CPA Prince Edward Island

Quebec

CPA Quebec

Saskatchewan

CPA Saskatchewan

Yukon

Institute of Chartered Accountants of the Yukon Territory (ICAY)

Immigrant Networks for Accounting Careers

Associations or networks that are operated by volunteers and comprised of members are known as professional immigrant networks. These networks are established by and for immigrant professionals with the goals of:

  • Establish a platform in which individuals can contribute to and develop the communities in which they live;
  • Make it possible for members to find meaningful employment and accomplish their professional objectives by providing them with opportunities.

The activities that these clubs host for networking, mentoring, information sessions, opportunities for professional growth, and connections to career prospects are all available to members.

The AFCA stands for the Association of Filipino Canadian Accountants.

The AFCA is a charitable organization with its headquarters in Toronto. The Association of Filipino Certified Public Accountants (AFCA) is a member of the National Council of Philippine American Canadian Accountants (NCPACA), which is an umbrella organization consisting of Filipino accounting associations from ten major cities in North America. Members include designated accountants as well as students who are members of several accounting bodies in Canada, the United States, and the Philippines and who work in a variety of accounting capacities.

Canadian-Chinese Professional Accountants Association (CCPAA-ON) is an organization that

The CCPAA-ON offers its members a forum in which they can discuss their perspectives and experiences. The members of this organization consist of students and professionals in the accounting professions from all three of Canada's accounting bodies, namely the CA, CGA, and CMA. Actuaries, bankers, and financial counselors are some of the other types of financial professionals who have collaborated with the CCPAA.

The activities that these clubs host for networking, mentoring, information sessions, opportunities for professional growth, and connections to career prospects are all available to members.

The AFCA stands for the Association of Filipino Canadian Accountants.

The AFCA is a charitable organization with its headquarters in Toronto. The Association of Filipino Certified Public Accountants (AFCA) is a member of the National Council of Philippine American Canadian Accountants (NCPACA), which is an umbrella organization consisting of Filipino accounting associations from ten major cities in North America. Members include designated accountants as well as students who are members of several accounting bodies in Canada, the United States, and the Philippines and who work in a variety of accounting capacities.

Canadian-Chinese Professional Accountants Association (CCPAA-ON) is an organization that

The CCPAA-ON offers its members a forum in which they can discuss their perspectives and experiences. The members of this organization consist of students and professionals in the accounting professions from all three of Canada's accounting bodies, namely the CA, CGA, and CMA. Actuaries, bankers, and financial counselors are some of the other types of financial professionals who have collaborated with the CCPAA.

The Institute of Chartered Accountants of India (ICAI) Chapter in Toronto includes the following:

Alumni of the Institute of Chartered Accountants of India (ICAI) are given the opportunity to participate in the ICAI – Toronto Chapter, which is a non-profit organization located in Toronto, Canada. Alumni members include Associate and Fellow members. The major goal of the Toronto Chapter is to provide its members with chances for professional development and networking with other professionals.

The SAAC stands for the Sri Lankan Accountants Association of Canada.

SAAC is committed to enhancing the knowledge of its members and offers a variety of options for members to engage in social contact, participation in professional development events, and career chances.

Alumni of the Institute of Chartered Accountants of India (ICAI) are given the opportunity to participate in the ICAI – Toronto Chapter, which is a non-profit organization located in Toronto, Canada. Alumni members include Associate and Fellow members. The major goal of the Toronto Chapter is to provide its members with chances for professional development and networking with other professionals.

The SAAC stands for the Sri Lankan Accountants Association of Canada.

SAAC is committed to enhancing the knowledge of its members and offers a variety of options for members to engage in social contact, participation in professional development events, and career chances.

The average accounting salary in Canada is $38.46 per hour, according to the Government of Canada Job Bank. How much you make per hour ranges from $19.95/hour in Nova Scotia and as high as $90.98/hour in Northwest Territories. 

The province with the highest average accounting salary per hour is New Brunswick ($31.25/hour). The highest average accounting salary per hour is in Northwest Territories ($90.98/hour). Alberta follows at $44.18/hour, and Saskatchewan at $40.87/hour.

It’s important to know what you can expect to make as an accountant in Canada. When you have an idea of the salary for accounting jobs in Canada you’ll know if you’re being offered a fair market rate for your skills and experience.

https://www.youtube.com/watch?v=OBjomRLpzK8&pp=ygUZQWNjb3VudGluZyBqb2JzIGluIGNhbmFkYQ%3D%3D

Accounting Salary in Canada

It is possible for the typical income for accounting jobs in Canada to change depending on a variety of factors, including the precise role that you play and the city in which you reside. On the other hand, incomes can be fairly high, and advancement chances are available in many positions over the course of time.

Accounting professionals are in high demand across the entirety of Canada, which will also have an impact on compensation. In light of the fact that businesses will be looking to hire new workers from all over the world, this may be advantageous for immigrants who are moving to Canada.

ProvinceLow ($/hour)Median ($/hour)High ($/hour)
Alberta25.0044.1867.33
British Columbia22.1235.0055.29
Manitoba20.5135.0054.95
New Brunswick20.5131.2554.95
Newfoundland and Labrador22.0038.4661.54
Northwest Territories27.4351.3790.98
Nova Scotia19.9532.9758.97
NunavutN/AN/AN/A
Ontario23.0037.9865.87
Prince Edward Island20.0034.3557.69
Quebec24.0436.8157.69
Saskatchewan22.6740.8761.79
Yukon22.6236.6555.14

Average Accountant Salary by Province (2022): Source Government of Canada Job Bank.

Despite the fact that these figures represent an average wage per hour, the actual amount will differ depending on the following factors:

  • The particular accounting function and area of expertise that you possess (for instance, payroll, taxation, auditing, and everything else).
  • How much experience you have, how much education you have, and what distinctions you have
  • The forecast for employment in the fields of accounting and finance
  • There are conditions on the provincial and regional labor markets.

Researching each of these aspects is essential if you want to have a clear understanding of what you may anticipate earning. You will attain a more comprehensive comprehension of the salary ranges as a result of your investigation. You will also find this knowledge useful when you are applying for jobs in Canada and the time comes to negotiate your wage.

Additional Compensation for Accounting Jobs in Canada

A benefits package is something that you can anticipate receiving from your employer in addition to the annual income that you receive. As a component of their overall compensation package, the majority of employers provide accountants with a comprehensive benefits package.

These benefits may include things such as:

  • Dental insurance
  • Supplemental medical insurance
  • Short-term and long-term disability insurance
  • Pension plan for your retirement
  • Bonus pay
  • Stock options
  • And other incentives.

With these additional benefits, an average salary for accounting jobs in Canada is very rewarding.

Best Cities in Canada to Work in Based on the Salary and Lifestyle of Accounting Professionals

As a result of the fact that accountants are required by every organization, the majority of cities in Canada have work chances in the accounting sector. Large cities like Toronto, Vancouver, and Calgary, on the other hand, have a greater concentration of financial enterprises than smaller cities like Calgary. As a result, there will be many more prospects for careers in accounting in these places. Accounting salaries in larger cities are often greater than those in smaller cities, which is another reason why larger cities.

Pursuing a Career in Accounting Within the Canadian Market

Accounting Jobs

In Canada, accountants can work in different types of organizations and perform many functions. Accountants can work in:

  • Accounting firms
  • Banks 
  • Financial institutions
  • Government
  • Education institutions
  • Hospitals
  • Tax preparation companies
  • Law offices
  • Private businesses.

Some of the main functions include:

  • Creating financial statements
  • Taxation
  • Manage banking
  • Bookkeeping
  • Invoicing
  • Accounts payable and receivable
  • Financial audits
  • Consulting
  • Payroll.

Major Employers for Accounting Jobs in Canada

There are more than 28,000 businesses offering accounting services in Canada. Some of the top accounting employers in Canada include:

  • Deloitte LLP
  • KPMG LLP
  • PricewaterhouseCoopers (PwC)
  • Ernst & Young
  • MNP LLP
  • BDO Canada LLP

You can also visit Canada’s Best Diversity Employers. The award recognizes Canada’s best employers for diversity and inclusion programs.

How to Find Your First Accounting Job in Canada

To continue your accounting career in Canada, you first need to ensure your Getting an accounting degree and certification is the first step in your accounting career. 

The next step is to look for an accounting job in Canada. However, looking for an accounting job in Canada may differ from your home country, but these tips can help you with your job search.

Job Search Techniques for Accounting Jobs

In order to be successful in the Canadian job market, you need to be well-prepared and knowledgeable about the procedures that must be followed in order to secure work. In addition, the process of finding work in Canada could be considerably different from what it is in your native country.

Listed below are some of the most useful methods that you can use to seek for accounting jobs:

  • Establish connections with settlement agencies in order to acquire information regarding job-finding or networking groups that are exclusive to accounting professionals.
  • You should look for a mentor in the accounting industry who can provide you with helpful guidance and most likely connect you to their professional network.
  • It is important to have a robust and active presence on social media platforms such as LinkedIn.
  • You can learn about the accounting profession in Canada by joining accounting groups on LinkedIn, where you can also submit material, ask questions, establish contacts, and learn about the field.

Settlement Agencies Of Accounting Jobs

There is a possibility that the process of finding a job in Canada will be different from the process in your home country. In order to find work, you may need to update your resume, compose cover letters, and get ready for interviews. A significant number of settlement organizations offer free employment assistance to assist with the process of job searching.

Writing Your Accounting Jobs Resume

https://www.youtube.com/watch?v=KOa_8yrJ_zY&pp=ygUeQWNjb3VudGluZyBqb2JzIGluIGNhbmFkYSAyMDI0

A powerful CV might help you stand out from the crowd of other people who are applying for jobs. These pointers can assist you in highlighting your individual characteristics and capabilities in a manner that is both clear and concise. In a very important way, you should describe the results that you accomplished and the accomplishments that you have earned in your career.

  • Immediately after your contact information, you should provide an objective statement. Your professional ambitions, career goals, and specific areas of interest in the field of accounting are all outlined in this statement in a clear and concise manner.
  • In reverse chronological order, compile a list of your previous work experiences.
  • Create a list of your accomplishments rather of detailing the responsibilities of your work. Your accomplishments are what employers are interested in hearing about, and listing duties is not going to set you apart from other people who are looking for work.
  • Not only should you include titles that are relevant to the accounting sector, but you should also include titles that demonstrate your expertise in areas such as management, leadership, management, and tax programs.
  • In the event that you have a significant amount of professional experience, you should place it at the very top of your resume.
  • Please provide a list of your educational background, arranged in reverse chronological order, including the name of the school or schools you attended, the place of your graduation, and any professional certifications you possess.

Informational interviews can provide insight into Accounting Jobs requirements in Canada.

Information interviews are important for learning about Canadian accounting employment requirements. A 20–30-minute visit with an accountant to learn about the Canadian profession is typical.

You should not aim to secure a job during an informational interview, but rather find out if a position or industry is right for you. An informational interview with a network contact can provide career information. In addition to industry information, you can learn from your contact's accounting experience.

Networking for an Accounting Jobs Career

Accounting Jobs

Networking is an important activity that can assist you in finding career leads, acquiring guidance and information about a specific firm or industry, and meeting other people in order to broaden your network.

Events such as conferences, organizations, and educational gatherings are excellent venues for conducting business, forming new connections, and exchanging knowledge.

However, LinkedIn is still another vital tool for networking. It is a wonderful opportunity to make connections with past coworkers and employers, to look for firms, and to acquire knowledge about the requirements for accounting jobs in Canada.

You can also join professional groups that are relevant to accounting and network with others who work in the accounting industry.

Interview Techniques for Accounting Jobs

It is only natural that the questions will change based on the employer, the level of the position, the amount of experience you have, and the recruitment practice of the organization. The following are some of the most important aspects that interviewers will evaluate:

There is a significant prevalence of behaviorally-based interviews in Canada. During the interview, the interviewer or interviewers will ask you questions to investigate your actions or behaviors from previous activities. In order to determine how well you would do in the position that you are applying for. Your solution to these questions should make it abundantly obvious what the scenario or assignment was. What actions you did, and what the culmination of those activities was.

Expect questions that explore your accounting training, plans to become a chartered professional accountant, qualifications. And understanding of the accounting practice in Canada.

  • Core Competencies

Analytics, communication, and the ability to meet deadlines and provide high-quality work are essential accounting talents.

  • Personality and Motivation

These questions focus on your professional aspirations and finance skill development.

For senior finance positions, expect questions on your abilities. To coach and lead an accounting staff, establish partnerships, and produce income.

Sample Interview Questions For Jobs

Here are some sample interview questions for accounting occupations including Analysts and Auditors, Management, Financial and Project Accountants, etc.

  • What accounting software do you use and what are its pros and cons?
  • Give an example of a time you worked hard to satisfy a client. What did you do and what happened?
  • ‘Give me an example of how you persuaded your team, coworkers, or manager to agree with you.’
  • ‘Tell me how you used data to boost team productivity.’

Prepare questions you want to ask as well as interview questions. Researching the firm will help you show your interest and write smart queries.

Asking Smart Questions During Your Interview

The interview is a fantastic chance to learn about company advancement opportunities like senior associate to managing director. Asking about career paths shows you are proactive, career-focused, and able to progress within the company.

Ask smart questions and avoid queries that can be answered on the company's website. Ask about a recent regulatory change and how the company plans to respond.

Top accounting firms value corporate culture. Learn about company culture throughout the interview. How can you better understand corporate culture? Ask your interviewer why they still work there. Their response will disclose what to expect if you join the company.

With a positive outlook for accounting jobs in Canada, now is the time to check out your options. Interested in learning more about working in Canada? Check out our Finding a Job in Canada resource page. We can help you achieve your career goals in Canada.

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