Job trends for accountants in Canada

Job trends for accountants in Canada

Accountants are in high demand in Canada’s finance sector. They can work for private accounting and auditing businesses or departments, or for government accounting and auditing departments or units, or they can be self-employed.

Accountants can help firms with challenges including obtaining government assistance and obtaining financial tax benefits. They also assist businesses in making critical growth decisions.

How can an accountant migrate to Canada?

Canada offers various immigration pathways for accountants to migrate to Canada. As an accountant you can consider common immigration pathways such as Express Entry and the Provincial Nominee Program (PNP).

Before that check if you are eligible for migration to Canada using the Y-Axis Canada eligibility points calculator.

Express Entry: Under the Express Entry program, you can opt for the Federal Skilled Worker Program or FSWP. Based on the information you supply, a Comprehensive Ranking Score (CRS) is given to you, and you are placed in a pool of applicants. Draws are then held on a regular basis, with applicants chosen from the pool depending on their CRS. However, you must first be qualified for the Federal Skilled Worker Program. The following are the eligibility and scoring criteria:

Age

Experience

Education

Language Skills

Arranged Employment

Adaptability

Provincial nominee program: You can apply for provincial nomination through two ways. In the first, you will make an Express Entry expression of interest in the province where you intend to live and work. If the province deems your skills are a good match for their needs, they will offer you a provincial nomination, which will provide you 600 of the total 1,200 points you need on your CRS, allowing you to move up the candidate pool.

The second option is to go to the Canadian government’s website and create a profile for the province in which you wish to live and work, as well as submit an expression of interest right away. You will be invited to the province right away if your skills are required.

Atlantic immigration pilot: If you wish to move to Canada, your CRS score is too low for the Express Entry System, or you think getting an ITA will be problematic, the Atlantic Immigration Pilot (AIP) is for you. Permanent residency under AIP is available to applicants having a valid full-time employment offer under NOC 0, A, B, or C.

The AIP was established to assist the Atlantic provinces of New Brunswick, Nova Scotia, Newfoundland and Labrador, and Prince Edward Island in dealing with workforce shortages. As a result, you will be eligible for permanent residency with  any full-time job offer.

How much can an accountant earn in Canada?

The median wage for this profession is approximately 35 dollars per hour and the maximum wages for this profession is in the Canadian province of Northwest Territories which is 51 dollars per hour.

Community/Area Wages ($/hour)
Low Median High
Canada 20.67 35.00 58.17
Alberta 22.05 41.21 67.31
British Columbia 18.75 28.85 45.67
Manitoba 19.99 30.53 54.40
New Brunswick 19.23 30.74 52.31
Newfoundland and Labrador 19.23 31.25 48.08
Northwest Territories 27.43 51.37 90.98
Nova Scotia 21.37 35.06 53.85
Nunavut N/A N/A N/A
Ontario 22.50 35.71 60.51
Prince Edward Island 16.35 30.26 48.08
Quebec 20.51 33.65 53.96
Saskatchewan 20.51 36.92 57.69

Skills required

  • Management and supervision skills
  • Analytical skills required are:
    • Analyze information
    • Planning
    • Projection of outcomes
    • Research and investigation
  • Business, Finance and Management skills required are:
    • Accounting
    • Finance

3-year job prospect-The job prospect in the next three years for accountants is good especially in New Brunswick, Nova Scotia and Nunavut.

10- year job prospect-The balance between labor supply and demand exhibited in recent years is predicted to remain over the projection period, as job vacancies and job searchers are projected to be at nearly comparable levels.

Employment requirements

Accountants must have a university degree and have completed a technical training program approved by a Provincial Institute of Chartered Accountants, as well as on-the-job training and membership in a Provincial Institute of Chartered Accountants, depending on the jurisdiction (UFE).

A university degree and completion of a training program approved by the Certified General Accountants or Management Accountants Society, as well as several years of on-the-job training and certification by the Certified General Accountants Association or the Society of Management Accountants, are required for certified general accountants and certified management accountants.

Accountants will need job experience in addition to a relevant degree and training.

For accountants to work in any of Canada’s provinces, they will need to be certified by a regulatory body.

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