Job Trends – Canada - Accountants

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.

 

Watch the video: Job Trends for Accountants in Canada.

 

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!

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