Key Highlights
Benefits of CA Salary in Canada
Here are a few key benefits of CA salary in Canada.
1. Competitive Pay
2. Diverse Opportunities
3. Professional Growth
4. Job Security
5. Work-Life Balance
Understanding CA Salary in Canada
Understanding the CA salary in Canada is important for professionals looking to pursue job opportunities there. Canada offers a thriving and rewarding career path for CAs in the country. There’s a high demand for skilled professionals in this field for specialised roles. There are various job prospects for CA roles in sectors such as Finance, Taxation, Management, etc. The average CA salary in Canada is around CAD 100,000 per year. Apart from competitive salaries, the CAs in Canada also get other financial rewards and benefits, making the country an attractive destination for pursuing CA jobs.
Latest Facts and News
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Average CA salary in Canada: Recent surveys indicate that the average salary for CAs in Canada is approximately CAD 100,000 annually.
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Regional Variations: Salaries vary significantly based on the province, with higher averages in cities like Toronto and Vancouver.
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Industry Demand: The demand for CAs is growing, especially in sectors like finance and technology.
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Impact of Experience: Experienced CAs can earn significantly more, with salaries reaching CAD 150,000.
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Gender Pay Gap: Recent studies show a narrowing gender pay gap in the accounting profession in Canada.
Also Read: Canada Minimum Wage Per Month: Experts Latest Guide 2024
Average CA Salary in Canada for Indians
The average CA salary in Canada depends upon entry-level and specialisation. Here’s a detailed overview of chartered accountant salaries in Canada for different job roles:
|
Job Role |
Average Salary per year (CAD) |
Average Salary per year (INR) |
|
Chief Financial Officer |
CAD 150,000 - 250,000+ |
INR 92,95,103 - 1,54,91,839+ |
|
Financial Analyst |
CAD 60,000 - 80,000 |
INR 37,18,041 - 49,57,388 |
|
Tax Accountant |
CAD 55,000 - 75,000 |
INR 34,08,204 - 46,47,551 |
|
Risk Manager |
CAD 85,000 - 115,000 |
INR 52,67,225 - 71,26,246 |
|
Forensic Accountant |
CAD 70,000 - 100,000 |
INR 43,37,715 - 61,96,735 |
|
Staff Accountant |
CAD 50,000 - 60,000 |
INR 30,98,367 - 37,18,041 |
|
Auditor |
CAD 60,000 - 85,000 |
INR 37,18,041 - 52,67,225 |
|
Management Accountant |
CAD 65,000 - 90,000 |
INR 40,27,878 - 55,77,062 |
|
Internal Auditor |
CAD 70,000 - 95,000 |
INR 43,37,715 - 58,86,898 |
|
Financial Controller |
CAD 85,000 - 120,000 |
INR 52,67,225 - 74,36,082 |
Note: This data is based on the latest research by our research expert team members.
Factors Influencing CA Salary in Canada for Indians
There are a few factors influencing CA salary in Canada. Here’s a detailed overview of the factors which can affect the average chartered accountant salary in Canada:
1. Experience
Previous work experience can influence CA salary in Canada. More experience can help get a higher salary, whereas entry-level job roles have relatively lower salaries.
2. Geographical Location
The geographical location can highly affect CA salary in Canada. The chartered accountant's salary in Canada is higher in bigger cities and provinces such as Ontario, Alberta, British Columbia, etc. The salary is comparatively lower in smaller provinces such as Prince Edward Island, Newfoundland and Labrador, New Brunswick, etc.
3. Company Size
The company size determines CA salary in Canada. Larger firms have higher salary packages, whereas startups and smaller companies have comparatively lower salaries.
4. Education and Qualification
Educational qualifications and certifications can influence CA salary in Canada. Additional qualifications or specialisations can help in getting better salary packages, whereas not having such qualifications can result in lower packages.
5. Industry & Sector
Different sectors have various salary packages. Every industry, such as finance, public practice or tax, can influence and affect the chartered accountant's salary in Canada.
Also Read: Explore New Brunswick PNP: Pathway to Canadian PR
Province Wise Average CA Salary in Canada for Indians
The average chartered accountant's salary in Canada differs depending on geographical location. Here’s a list with details about the average CA salary in Canada, province-wise:
|
Province |
Average Salary per year (CAD) |
Average Salary per year (INR) |
|
British Columbia |
CAD 75,000 - 120,000 |
INR 46,47,551 - 74,36,082 |
|
Alberta |
CAD 80,000 - 130,000 |
INR 49,57,388 - 80,55,756 |
|
Ontario |
CAD 85,000 - 150,000+ |
INR 52,67,225 - 92,95,103+ |
|
Quebec |
CAD 70,000 - 120,000 |
INR 43,37,715 - 74,36,082 |
|
Nova Scotia |
CAD 60,000 - 100,000 |
INR 37,18,041 - 61,96,735 |
|
Prince Edward Island |
CAD 50,000 - 85,000 |
INR 30,98,367 - 52,67,225 |
|
Newfoundland and Labrador |
CAD 55,000 - 90,000 |
INR 34,08,204 - 55,77,062 |
|
Saskatchewan |
CAD 65,000 - 105,000 |
INR 40,27,878 - 65,06,572 |
|
New Brunswick |
CAD 55,000 - 90,000 |
INR 34,08,204 - 55,77,062 |
|
Manitoba |
CAD 65,000 - 105,000 |
INR 40,27,878 - 65,06,572 |
Note: This data is based on our team members' latest research.
How to Increase Your CA Salary in Canada?
Here are a few tips for increasing your CA salary in Canada:
1. Continuing Education and Certifications
Continue the process of education and consider taking advanced degrees such as an MBA to increase your chartered accountant salary in Canada. Apart from that, take additional certification courses to increase the credibility of your resume. These things can help in increasing your CA salary in Canada.
2. Networking and Professional Development
Build strong industrial connections and connect with people to get higher-paying job opportunities. Attend regular conferences, events and industrial fairs to network with professionals. This can help seek better job prospects and result in a better salary package.
3. Gain Valuable Experience
Gain valuable work experience throughout your job period. Try to work in different sectors and industries to understand the overall working sector better. This can help you get a higher CA salary in Canada.
4. Seek Promotions
Pursue leadership roles in your company and ask for promotions to increase your CA salary in Canada. Try to take positions such as financial controller or CFO, which offer higher salaries.
5. Focus on Specialisation
Try to gain specialisation in highly demanded areas such as tax, forensic accounting, or risk management. These areas often offer higher-paying job roles.
Future Trends for CA Salary in Canada for Indians
Here are the predicted future trends for CA salary in Canada:
1. Growth in Specialised Roles
There will be a growth and more demand for professionals with specialised roles. Working sectors such as forensic accounting, risk management, and sustainability reporting can get better salary packages than others.
2. Remote Work Opportunities
After COVID-19, there has been a shift towards a hybrid working mode. People are shifting towards remote working opportunities as it’s more flexible and feasible for employees and employers.
3. Increase in Demand for Digital Skills
There’s an increase in demand for professionals with good technological or digital skills. The working sector requires more skilled professionals who can work with AI efficiently. Such professionals are expected to get higher salaries than others.
4. Globalisation
CAs with international experience and those who can handle international clients are expected to earn more than others. With the changing times, most businesses are globalising themselves, so such professionals are highly valued in any working sector.
5. Economic Fluctuations
There might be economic fluctuations due to inflation in the market. This can create more demand for professionals in the field with better salary packages.
Read More: Top 10 Benefits of Canadian Permanent Residency in 2024
Conclusion
In conclusion, the CA salary in Canada is high as compared to most of the other countries. This career path has proved beneficial and rewarding for professionals in the field. This working sector also provides a lot of scope for career advancements and professional growth, which adds to its value. The CAs in Canada benefit from competitive salaries, job security, and opportunities for advancement, especially in high-demand sectors and regions. Individuals can also increase their salary by continuing their learning and networking process. Considering all the factors, Canada makes a good choice for pursuing CA jobs overseas due to the diverse nature of work and its attractive advantages.
If you are looking for CA jobs in Canada, then this guide is just for you, and to make your journey easier, TerraTern is right there for you. With its excellent services, we can help you with the whole immigration process to Canada.
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