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Job Trends – Canada – Accountants

Posted on October 21, 2020
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canada job trend accountant

The finance sector in Canada has a demand for accountants. They can find employment in either private sector accounting and auditing firms or departments or public sector accounting and auditing departments or units, or can be self-employed.

Accountant-NOC 1111

Median wage per hour

All jobs available in the labour market in Canada are classified as per the National Classification Code (NOC). Each of the occupation groups has a unique NOC code assigned.

In Canada, an individual working in an occupation with NOC 1111 can expect to earn somewhere between CAD 20.67/hour and CAD 58.17/hour.
The median or average wage for this profession is approximately CAD 35.00 per hour and the maximum wages for this profession is in the Canadian province of Northwest Territories which is CAD 51.37 per hour.

Prevailing Hourly wages for NOC 1111 in Canada
Low Median High
CANADA 20.67 35.00 58.17
Province/ Territory Low Median High
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
Yukon N/A N/A N/A

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Skills/Knowledge required for NOC 1111 in Canada

Generally, the following skills and knowledge will be required for working in Canada as a financial auditor and accountant –

Skills Analysis ·         Analyzing information

·         Planning

·         Researching and investigating

·         Projecting outcomes

Communication

 

·         Advising and consulting

·         Professional communicating

·         Teaching and training

Management Supervising
Knowledge Law and public safety Law, government, and jurisprudence
Business, finance and management ·         Accounting

·         Finance

Essential skills ·         Reading

·         Document use

·         Writing

·         Numeracy

·         Oral communication

·         Thinking

·         Digital technology 

Other essential skills ·         Working with others

·         Continuous learning

3-year job prospect-The job prospect in the next three years for this profession is fair in most of the provinces of Canada.

Future job prospects for NOC 1111 in Canada, by province and territory —

Job prospects Location in Canada
Good ·         New Brunswick

·         Northwest Territories

·         Nova Scotia

·         Nunavut

Fair ·         Alberta

·         British Columbia

·         Manitoba

·         Newfoundland and Labrador

·         Ontario

·         Prince Edward Island

·         Quebec

·         Saskatchewan

·         Yukon

Limited
Undetermined

10-year predictions

For this profession, 10% of the openings will remain vacant in the next ten years due to skill shortage.

Employment requirements

Chartered accountants require a university degree and completion of a technical training program accredited by a Provincial Institute of Chartered Accountants and, depending on the jurisdiction, on-the-job training and membership in a Provincial Institute of Chartered Accountants following satisfactory completion of the Uniform Evaluation (UFE).

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

Apart from the relevant degree and training, accountants will have to have some work experience.

Accountants will require certification from a regulatory authority for working in any of the provinces on Canada.

Professional license requirements

Usually, licensing by the provincial or territorial governing body will be required for accountants and auditors intending to practice public accounting in Canada.

A certification from the relevant regulatory authority might be needed before you can start working in Canada with NOC 1111 as your occupation code.

NOC 1111 is regulated in all the provinces and territories in Canada.

Provincial regulation requirements in Canada for NOC 1111
Location Job Title Regulatory body
Alberta Chartered Professional Accountant Chartered Professional Accountants of Alberta
British Columbia Chartered Professional Accountant Chartered Professional Accountants of British Columbia
Auditor (public Accountant) Auditor Certification Board, Government of British Columbia
Manitoba Chartered Professional Accountant Chartered Professional Accountants Manitoba
New Brunswick Chartered Professional Accountant Chartered Professional Accountants New Brunswick
Newfoundland and Labrador Chartered Professional Accountant Chartered Professional Accountants of Newfoundland and Labrador
Northwest Territories Chartered Professional Accountant Chartered Professional Accountants – Northwest Territories / Nunavut
Nova Scotia Chartered Professional Accountant Chartered Professional Accountants of Nova Scotia
Public Accountant Public Accountants Board of the Province of Nova Scotia
Nunavut Chartered Professional Accountant Chartered Professional Accountants – Northwest Territories / Nunavut
Ontario Chartered Professional Accountant Chartered Professional Accountants of Ontario
Public Accountant Public Accountants Council for the Province of Ontario
Prince Edward Island Chartered Professional Accountant Chartered Professional Accountants of Prince Edward Island
Quebec Chartered Professional Accountant Ordre des comptables professionnels agréés du Québec
Saskatchewan Chartered Professional Accountant Institute of Chartered Professional Accountants of Saskatchewan
Yukon Chartered Professional Accountant Chartered Professional Accountants of British Columbia

Job responsibilities

  • Planning, setting up and maintaining accounting systems and preparing financial statements for entities, departments within organizations, businesses and other institutions
  • Examine financial documents, and prepare accounts and reports
  • Develop and maintain cost-finding procedures, reporting and internal control
  • Analyze reports and financial statements and provide legal, company and tax advice
  • Can act as trustee in insolvency proceedings
  • May oversee and train students in articling, other accountants, or administrative technicians.

Permanent residence in Canada can be acquired through various pathways.

The most sought-after Canada immigration routes for a foreign skilled worker are – the Express Entry system, and the Provincial Nominee Program (PNP).

Canada will be welcoming 401,000 new permanent residents in 2021. Followed by another 411,000 in 2022.

Now is the best time to begin planning for your Canada immigration with family!

Do you want to explore other Job Trends in Canada?

Here is a ready list for you.

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