Accounting canada reddit. Corporate banking still has a starting pay of $80K.
Accounting canada reddit Meaning all its students are required to do 4 internships throughout undergrad. Australia has absolutely way more designated / qualified / recognized accountants than Canada, and way less people overall. Accounting earns roughly the same once you're 5-10 years in, so while it's not as lucrative as in the states, it's still pretty solid when compared to most other industries here. It’s common. Accounting is boring, but if you're good, you'll always have work, and you can generally make as much as you want. I did a few internships but after school i struggled to get a job. The competition for accounting jobs in Canada is significant, especially when it comes to big 4. 2 years experience) but have heard many people from this community mention that government jobs are great if you can land one. Yes, IT audit is bad, arguably one of the worst service lines in public accounting. Title: Financial Analyst / Senior Project Accounting hybrid (half accounting half finance). PA experience can speed up your initial development vs the same amount of time at entry level in industry, but ultimately people tend to way overestimate it's actual importance. Capstone 2 prepares you more than enough for the exam, but only if you use it right. Anyways apparently due to automation, in the future, it is expected that a lot of accountants hire will be reduced. Reply reply We would like to show you a description here but the site won’t allow us. As with any field, Accounting depends on your aptitude. Outside of these or senior management or senior manager roles and above, there are not many jobs in Canada that pay >$150-200k. In Canada, our 3 former accounting designations (CMA, CGA, CA) merged into one (CPA) in the mid-2010's, and there is now only the one dominant accounting designation here. I already have 5 years of experience in tax in public accounting from two of the big 4s here. Age 26: $47,000 at a top 10 public accounting firm Age 27: $52,000 (same top 10 public accounting firm) I live in Canada and I’m considering a job offer for a U. That was year ago. Only in Canada do CFA + MBA holders make $85K. )? upvotes · comments r/Accounting Wᴇʟᴄᴏᴍᴇ ᴛᴏ ʀ/SGExᴀᴍs – the largest community on reddit discussing education and student life in Singapore! SGExams is also more than a subreddit - we're a registered nonprofit that organises initiatives supporting students' academics, career guidance, mental health and holistic development, such as webinars and mentorship programmes. Hi everyone, going to keep this concise. I'd be very careful about any advice given by the association or fellow CPAs. I applied to the Graduate Diploma in Accounting (GDA) offered at Queen's University a few weeks ago and received my admission offer today. Members Online PwC Big Raise for Associates!! This subreddit is for asking questions or discussing current issues regarding immigrating to Canada. Solely from an accounting perspective do I need to strive for that 3. I am in the same area and just starting my career in accounting. Most students work at public accounting firms, banks, government, corp finance, investment banks, private equity, sales & tradingetc, a variety of roles where people explore if they "truly want to do accounting". The accounting profession in Australia has a combined membership of approximately 340K members. To your point about COL, this is affecting everyone in Canada not just CPAs. To be a cpa you will need 30 months of accounting work experience full time that meets their criteria of complexity, and landing that job is most important imo so prioritize that (whether that is taking accounting uni courses or whatever) This subreddit is for asking questions or discussing current issues regarding immigrating to Canada. Heck, even in Calgary, specifically what exit ops are you going for? I've yet to see many individual contributor accounting or accounting-adjacent roles that pay over $155k, which is where CRA AU-6 tops out right now, adjusted for inflation, and that's before factoring in the value of the DB pension. r/Accounting CPA Canada - any advice for upcoming CFE? Reddit's CEO and COO made $193M and $93M in 2023 but their CFO "only The people that struggle are usually the ones that procrastinate or are not great at accounting to begin with. A subreddit for students, alumni, and faculty of the University of Ottawa in Ottawa, Ontario, Canada. Hi everyone, I am in Toronto, Canada. Sage 50 Accounting Canada So l hired a third party company to come in and help with sales and clearing some accounts. Take into account the cost of housing, utilities, gas, groceries, income and sales tax and it becomes a huge difference. 0 also includes some questionable competencies that appear to have nothing to do with accounting like diversity and inclusion and indigenous views. The program is 3 months, in person and would allow me to go straight to Capstone 1 & 2 and be eligible to write the CFE in May 2025. Read it, know what common mistakes are made, and don't do them. You are not too old at all and I have seen a number of people in 30-40 make the switch. The Reddit LSAT Forum. The CPA program does not teach you basic accounting competencies. I see a lot of raises going around in the GTA and wanted to know what everyone was receiving. Some of the high paying jobs in accounting require a decade of experience ! I enjoy my accounting classes but sometimes I wonder if the field is saturated. Where as in the US there is about 1 CPA/510 people in the US. -An accounting diploma -Minimum 8 years of accounting work experience -A competency report filled out by each of my past managers over those last 8 years. The former CGA organization was the one that had the MRA with ACCA, and the new merged CPA body chose not to renew it, so it fully lapsed in 2021. You'll never feel 100%, never I applied to the Graduate Diploma in Accounting (GDA) offered at Queen's University due to external (society, parents, etc. so both statements are right. With a BBA with an Accounting major, odds are that you likely fulfill all of the CPA PREP prerequisite course requirements as most Accounting BBA programs are aligned with CPA's entry requirements. However, my degree is from a Canadian university. They've been saying accounting will be without humans for decades. When did the Finance world go down the job market toilet relative to CPA-level accounting jobs? And yes, this is posted in the r/fpanda sub because FP&A is a discipline of management accounting and not corporate finance proper. 5 years to complete your work experience requirement, so while a MAcc/MPAcc typically helps you fast-track the education component relative to PEP, it won't necessarily result in you achieving your designation sooner. 5 years while working full-time, and only got an accounting government job after I finished my degree. Its a pretty huge difference, especially if you factor in that most people leave public accounting after 3-4 years to industry. I intend to pursue my CPA core and elective modules through advanced accounting courses or Masters in Accounting through a college or university. Moderated by a front-line physician in Vancouver, BC. I have submitted PERT reports detailing very high level FS analysis and interpretation to senior execs and shareholders, only to be denied my self-selected level 2 because I was presenting to internal users rather than external users - which is absurd rationale. When people not in the accounting industry ask what you are, do you say CPA (if you have one), or your job title (auditor, financial accountant, etc. A 2 year diploma will typically relegate you to lower-level roles like AR/AP or Accounting Clerk. The CPA is adds prestige and can help greatly to increase investor or creditor confidence. It’s tiring seeing these posts about Canada having ‘low salaries’. Abuse that support. My position started off about 20% less than public accounting, and that gap only increased over time. Are there more higher paying jobs? Any insight would be great! Thank you :) Started in public at 33K, moved to west Canada after 3 years in public still at 70K. It was the kind of experience that genuinely makes you realize no job is worth your health or sanity. Accounting is broad, if you have a CPA you can work most different service lines. I dunno if you're an Accounting major or deciding, but I think the concept is concrete. It's still going to take you at least 2. I am not sure how the actual work is like. Bear in mind that there is a significant cost difference between MAcc/MPAcc programs vs CPA PEP of around $30k vs $12k. Plus, there tends to be a lot of variance even within Canada. If your GPA isn't great or you don't meet a lot of the big firm's 150 credit hour requirement then I would maybe start low with AR/AP/Accounting clerk jobs. I am not sure about what programs are available under the new CPA but Mtax (Waterloo) and MMPA (UofT) are solid but expensive choices. Overall, these free accounting software solutions, coupled with Uncat's assistance, have allowed me to maintain accurate financial records and provide quality service to my clients without the financial burden of traditional software licenses. It can be quite difficult to know, before hand, what level of aptitude you have in any field. Check out the sidebar for intro guides. Post about relevant news, CPA program, accounting treatment discussions, etc Best way is to get some accounting internship or try and get a degree in it for work experience. I have literally double the amount of disposable income down here. Non-designated clerical roles for industry accounting (GL accounting, cost accounting, and budget analysis / FP&A) do start at $50-$60K. I also spend time automating a lot of accounting tasks such as AP invoices, customer payment registration and more so overall my experience is more than say a senior in audit although a senior might do better in the assurance section of experience reporting. I'm interested in pursuing my CPA in Canada through CPA Ontario. Disclaimer: Please note the information provided by our members is not (and should not) be interpreted as legal advice. 5-3. It will take years of studying and building experience to get your designation and its value is debatable. Start with something in auditing unless you get lucky and get forensic accounting at a boutique firm (although stay away from divorce law if you can…) or Big4 right away. PREP courses have 0 factor in determining whether you're locked out of public accounting at all. Primary reason for this is competition. 665K subscribers in the Accounting community. CPA is also the only accounting designation enshrined in law in Canada. I mostly hopped from A/P to A/P roles. I am pursuing the US CMA from the Middle East and I intend to migrate to Canada soon. I realize on Reddit a lot of accountants are complaining about the sacrifice that was put in and the salary they receive. CPA Canada has become a huge association with 200k+ members. However, none of my experience went towards my CPA work ex I'm somewhat confused by your second paragraph questions but CPA PREP courses are the equivalent to undergraduate university accounting courses and you would need to complete those PREP courses before enrolling into CPA PEP. CPA PEP in Canada will take a couple years for you to complete its modules and exams, and while the US CPA is only 4 Prometric exams that you could conceivably bang out in a few months, you’ll need to take another 30 uni credits after completing your Bachelor’s (some accounting, some rando courses) to be eligible to sit for their exams. Just wanted to understand if the US CMA is recognized in Canada and would I still be required to pursue CPA in order to get in to public accounting. You’d qualify for AR/AP Clerk and bookkeeping type of jobs. In Canada, more than 217,000 members serve the accounting and finance needs of 37. Feel free to comment even if not in any Big 4. PPR for for experience and no overtime, ever, with compressed schedules (work 4 days per week) and low pressure. I would say market is saturated for the entry positions and CPA canada experience requirements basically gives them a slave for first 2 years. Find the course transfer guide for your school to see if this is the case. The 14 pre requisite courses are usually part of your accounting degree. It's really just too quick for me. Honestly it's more about short term/long term trade offs. I have heard some bad things about public accounting in general but a lot of the perspectives are coming from people in the US. 5 years in public (I wasn't a CA so I never did audit), I've made a pivot to tax and now work in industry in a tax job and couldn't be any more Seems like 85% of all staff in the last 3 years have literally never opened Excel once in their lives nor are they familiar with super technical accounting concepts like "unearned revenue" but that doesn't stop them from demanding $80k salaries. Like it's an accounting designation, this shit has nothing to do with accounting. Still learning, but in a supervisory role now. This is a subreddit created for certified and qualified teachers who teach in international schools - wherever they may be. Posted by u/compensation4335666 - 28 votes and 11 comments This subreddit is for asking questions or discussing current issues regarding immigrating to Canada. Whenever I check the job postings for accounting, I usually see entry- level bookkeeping jobs or other low-level clerical jobs that don’t even require a college degree. That can be accomplished either by completing a Bachelors degree with a Major in Accounting that simultaneously covers those 14 courses, or by completing any Bachelors degree and additionally completing those 14 courses (thus the purpose of the UBC Diploma in Accounting program, and similar Accounting Diplomas offered by other uni's). See "Resources" section for helpful links. With that information CPA determined that I had to do 2 preparatory courses with them before I could start the core modules. 0 in Accounting is just as unprepared. Canadian CPA is easily transferred to the US via one exam if you want to work internationally, a US CPA does not gain you anything special if looking to get qualified in canada A pure FP&A position is likely not gonna be enough to meet the CPA experience requirement. like wtf). It is much more beneficial and financially better to just do Canadian CPA while he is already at big 4 canada and study with all his friends and classmates and coworkers. Speaking from an industry perspective, the ones stuck at 70k will be the quants who get trapped in the technical side of accounting, while the higher earners will have a broader range of skills, can think from a "bigger picture" perspective, and have better-refined communication, management, and strategy skills, and the I do think an accounting degree in the US gets you more easily into that slightly upper middle class living than in Canada where you probably get more limited to middle class because of the tax structure but you probably have a better overall work life balance for having kids, stability, etc. I started working for EI, finished an accounting degree while doing school part-time online for 2. This Sub-Reddit is dedicated to the COVID-19 Pandemic (SARS-CoV-2, nCoV19, Coronavirus, Wuhan Coronavirus) news, policies, and local case reports in the Province of British Columbia, Canada. ) and personal stress of "feeling behind". The "wildly conflicting" range of 70k to 100k is pretty accurate. We had a few people switch majors, not because they were failing, but because of what professors were saying. A public admin program will generally satisfy the minimum education requirements for ECs as long as there is sufficient acceptable specialization in econ, sociology or stats, all of which are components of Public Admin programs at least they were at Carleton back in my day. It would take someone 5-6 years to earn senior staff pay in the government, and only 2-3 years in public. Canada has almost 2-3 times the ratio of CPAs as compared to the us. Appreciate any 14 votes, 10 comments. Other firms were tough, as public accounting is, but that firm was a waking nightmare. e. For what it’s worth, I eventually went to a firm conference with other experienced managers and shared a portion of what I was being subjected to So I started a bit late, but my salary changes are the below. The accountant supply and demand is going to be a clusterfuck over the next decade. Since the application process itself is often nothing short of herculean and time-consuming to boot, this place is meant to serve as a talking ground to answer questions, better improve applications, and increase one's chance of being 'Referred'. In 2013 some guy came and said how CPA's make a lot of money however the more and more I surf on Reddit. You could solely focus on consulting though, as there are a lot of companies out there with a need for part time assistance at the higher level. Then proceeded to study BBA Accounting mostly part-time for 6 years while working full-time. The difference is that to take the CPA exam in Canada, you need to do (in my province), an undergrad degree with a specialization in accounting plus a specialized graduate program in accounting. Personally, I took an advanced diploma program at college for accounting, and bridged into university for my bachelor's degree. -If you are willing to risk accidentally dying of boredom, go into municipal accounting. I saw a lot of people recommend accounting as one of the highest paying careers in my last post on r/PersonalFinanceCanada which shocked me because this sub always makes accounting in Canada seem oversaturated and a terrible career choice. Work for Grant Thornton now as a manager. Also the CPA program in Canada covers management accounting, finance, data analysis, auditing, taxation and more. Post any questions you have, there are lots of redditors with LSAT knowledge waiting to help. 7 million. S. All of this will be very variable by office/Region. A place to discuss US and Worldwide immigration news, politics, visas, green cards, raids, deportations, etc. Not only do you get paid less in Canada, but your purchasing power is far less. still hasn't happened. Try to get a level 1 in a couple of them but focus on management accounting, some finance, strategy etc. Most people in CS get higher average comp, but their pretty flat for the rest of their career, not many end up in senior management, even less likely than accounting/finance. The route I've seen most in starting a career in public accounting is to plan out your courses in 3rd and 4th year to be eligible to get into a Graduate Diploma/MAcc program (if paying big bills is not a worry) to save the time you'd otherwise have to spend This subreddit is for all those interested in working for the United States federal government. I Aug 12, 2024 · I started off in accounting and switched to finance. The accounting program at BCIT is accredited by CPA Canada - the same as UBC and SFU programs. (So some will not be admitted to the specialized program). Thanks. This subreddit is for asking questions or discussing current issues regarding immigrating to Canada. Been lurking this sub for a while now and always wanted to ask some questions. How is the accounting market in Canada, are accountants in demand here or is it really as bad as this sub makes it seem. CMA is basically the result of taking a couple exams in a Prometric Centre, whereas a Chartered Professional Accountant designation in Canada is the result of a 2. National ranking doesn't really matter, but I would personally avoid all the "non-major/smaller" universities. This means that CPA Canada reviews the content and difficulty of the course work and verified that it meets a minimum standard for admission to obtain a professional designation. You would still also need to fulfill your 30mo work experience, so you may not be able to realize the full benefit of the faster MPAcc completion time. You'll probably want to take CPA Canada's tax module when you arrive because there will be meaningful differences between the two tax systems that you'll want to learn (i. That is, a mere $85K. The Law School Admission Test (LSAT) is the test required to get into an ABA law school. r/CanadianAccounting: A subreddit for Canadian accountants, CPAs, students, venting about the CFE, or general questions. You basically need to have been a practicing accountant for many years to be considered (like 10+ I believe?), and few people who apply through this pathway even with years of experience are accepted. I will soon be applying to the CPA PEP, but I do hold a great interest in finance. I’m interested in hearing from anyone that has successfully got a government job in accounting (specifically in Canada/Ontario) or anyone that Many physicians, mid-level providers, practice managers, administrators, billers and front desk staff members have questions about coding. FWIW obtaining the Canadian CPA and bridging that to a US CPA is an option worth considering as they are generally compensated quite well, if you’re willing to make the move or possibly work out a remote arrangement. I just want to become an accountant! Stop forcing all this woke shit that has nothing to do with This subreddit can be a great place for such knowledge, but there aren't that many people here who have been in Accounting for a great length of time due to the demographics of the Reddit community. 5 year graduate-level training program. Had to take a high school course Pre-Calculus before taking college-level Math. So I apply a lot of accounting standards in my day to day job. Many employers won't care about a double major in computer information systems, they know it's just to get to 150 hours. You can take them before or after you graduate, it's up to you, but you can't register for pep until you have them. In Big 4 firms, your entry level wage is going to be around 40K. The lack of notice from Reddit, exorbitant pricing and terrible official apps are unacceptable. Sure, on average you can earn more in the US as a designated CPA, but CPA’s in Canada average over $100k/yr, which is more than 50% higher than Americans of all skill sets earn, and we don’t have to be concerned about our children being murdered while they’re sitting in a (notoriously poorly funded) classroom, which When people not in the accounting industry ask what you are, do you say CPA (if you have one), or your job title (auditor, financial accountant, etc. While there technically is a pathway for non-university educated people to become a CPA in Canada, people rarely qualify for it. You will start out around 45-50k a year. UW's best advantage is that it is a co-op program. Got my BBA in 2016 and entered the program at a local accounting firm. Moved to industry as a new assistant manager and got 91K base and 20% salary as a senior accountant. In 4-5 years, your wage would be around 80-90K. Make decent money for Canada There is also an accounting specific program called FORD I think but I don't know much about that. 5 71k Yr 3 83k Yr 4 98k Yr 5 115k Yr 5:5 160 (left pa to controller) Yr 7. )? upvotes · comments r/Accounting Currently employed in Government. Jul 20, 2024 · Significantly. I was in a group project with them and ultimately led to me working for them as an intern for a bit. Primarily for accountants and aspiring accountants to learn about and discuss… You would have a hard time without the public background as presumably you don’t have the tax background or ability to get a public accounting license. The Canadian Immigration Subreddit. Also I heard co-op makes it take longer to graduate, is it worth it or would you suggest to get a separate internship if possible I actually started my first PA job before I graduated. My plan is to get some some experience and designations relevant to forensic accounting and eventually practice on my own working as an independent or running a small practice. r/CanadaAccounting: Accounting in Canada. Felt like I was so under-prepared. company (remote). Corporate banking still has a starting pay of $80K. My work experience is largely with Canadian companies. Posted by u/arod74894 - 52 votes and 67 comments Yeah that sounds similar to Canada too just replace the masters with a CPA. It is easy to understand. The current shortage of experienced people to hire is the beginning, I don't think our job market will "cool down" for a looong time, as it takes 10~ or more years for the market to adjust to a labor shortage since it takes that long for someone to decide they want to do accounting, and become experienced in it. In charge of a handful of clients as main contact with partner that goes over final shit/drafts with clients. Right now the salaries in public have gone up to mid 50k. Public firms suck but they are supportive of education. 1 to 2 years of education is more bookkeeper level than accountant level. Keep in mind if he stays at big 4 Canada and transfers within big 4 Canada to the same firm in the US he can get an L1 visa and get his greencard. Government pays less than industry generally, but the benefits are better (especially including pensions which if you do PV calculations on them, can end up boosting your remuneration quite heavily), Public has higher upside, but in terms of hourly pay The key is to go to the major university in the region as that is where the b4 in the region will recruit from. r/AccountingCanada: Public community to discuss about accounting in Canada No one gets American salaries in Canada so stating how much American CPAs make in comparison to Canadian CPAs is really a poor argument to prove that Accounting is a poor career path in Canada. That's why most people in accounting just start out in public (pre-approved) in Canada despite the salary being less and the work being boring af. Another, and more obvious pro, is that accounting does not require you to constantly learn and upskill in order to stay relevant to compete. But, I'm also aware that not everyone clears every module (Core, Elective, Capstone or the CFE) in their first attempt. • I guess the question I want to ask is, how is the work-life balance at the mid-sized firms? Again, asking those in Canada. /r/immigration is protesting Reddit's API changes. We were also required to take personal income tax course, a business income tax course, non-profit/government accounting course, and an advanced course that covered considations, VIE's, derivatives, and fair value accounting. However, for most I’d imagine it tops out around 100-120K, unless you’re really rising up like sticking through Big 4 til Partner or becoming a Controller for a very large company. For example, accounting salaries tend to be 15 to 20% higher in Calgary compared to Vancouver. Canadian salaries tend to be lower than American ones in most professional industries, not just accounting. . Spent time in both Industry and public practice. I’ve been doing decent on the cases and passing within the 1 hour time allotted however a ton of RCs I don’t think I’ve seen a C yet. Purely anecdotal; i am a recent accounting graduate (2020). Low cost of living (prairies) Accounting policies and transactions (FR2) - Level 1 Financial report preparation (FR3) - Level 1 Financial statement analysis (FR4) - Level 2 Management Accounting Competency: Management reporting needs and systems (MA1) - Level 2 Planning, budgeting and forecasting (MA2) - Level 1 Cost / revenue / profitability management (MA3) - Level 2 Personally don't like public accounting due to the hours but it is a good place to gain experience especially when you have no idea what you want in your career yet. Passed CFE, no CPA yet Industry, Real Estate Salary: 105K total comp, RRSP matching, 4 weeks paid vacation EXP: 5 YOE, but 2 of those being in AP role GVA, so HCOL/ VHCOL Hybrid, 2 days in 3 days WFH. Important COVID-19 news may be shared here as well. The company suddenly stopped answering emails and calls. I have an accounting degree. The same goes for real estate analysis, and perhaps even treasury (in non-volatile sectors). I am part of their CPA program in audit and will be earning a paycheque while they cover the costs for the CPA modules for the next three years approximately. Any that gets you into the CPA program lol. Granted, you learn about bookkeeping early in your educational journey for accounting, but bookkeeping is not a lucrative career. Accounting is pretty low to start in Canada (40-50K depending on location) but increases pretty fast (~100K as a manager 4-5 years later). The most difficult accounting class is intermediate accounting then advanced accounting. Search LinkedIn for "accounting recruiter, city" - You may need premium to inMail them. This is a place to share information, teaching tips, news, and discuss issues related to teaching in international schools. If you want to remain in Canada, then yes possessing the domestic accounting designation is worth it, and if your employer is paying the cost then it should be a no-brainer. I’ve always heard about CFE being really challenging and tough, and here I am feeling like a… I’m a CO, have been an EC and a PM with a public admin background. My fear is a hostile environment Accounting is a very saturated field in Canada. The others are accounting information systems, business law, and auditing. For reference a Senior Software Engineer in tech, not FANNG, can still make between 250-300k total comp. I have always worked in Ontario Canada, I work in Toronto now. After roughly 4. Everyone also specializes in one of four roles so its pretty encompassing. Reddit comments are not legal advice and do not replace consulting a qualified, licensed immigration professional. One thing to remember is that the modules expect a baseline level of education and build on it, so if you've forgotten everything you've learned in university, you're going to spend a lot of time re-learning what you should already know. Canada has a lot of hidden cost rolled into everything because of tax and 297 votes, 348 comments. I also read we have way more cpas per capita in canada compared to US. You can definitely make a very good living on that if you're outside BC and Ontario. We had a very robust accounting program to get the 150 credits. Cost of living is probably the #1 issue in Canada right now. Yeah I enjoy it, I like having a predictable schedule that isn't as cyclical as normal operational accounting work. 7 GPA or do you think it would be reasonably easy enough to get an internship with lower. it depends on what you mean by "a lot of money" You can make decent money (150K with 8-10 years of experience) in accounting. 6 range (82/83% on percentage scale), and am working for a national accounting firm. Welcome to r/Big4, a place to discuss everything related to the Big 4 accounting firms: PwC, Deloitte, EY, & KPMG. We had 2-3 "busy seasons" at my office it seemed. No worries - For the past 8 years, I've found accounting to be both excruciatingly boring and stressful (especially around quarter or year-end closes) - I know accounting isn't the most scintillating field, but after getting diagnosed with ADHD, I realized that I had some background issues lurking in the background while I was miserable in this career. For any jobs branded as “Accountant” you’d be competing mostly against people with at least a Bachelor’s degree. Guess what, the person with a 4. You'll be dealing with a lot of different types of accounting, so if you want variety at a slow pace, you'll get it there. Be honest with yourself in marking, study the reference material, and know what your weak spots are. Yr 1 55k Yr 2 60k Yr 2. Left that company as a team lead financial reporting and got 127K base and 10% salary as a manager of integration. In Canada a BBA with a major in accounting gives you everything you need to jump onto the CPA program. If you're referring to one of the 4 year degree programs offered at some colleges vs same at universities, they all follow the same course content in alignment with CPA Canada, so the education you will receive is materially similar. Americans make bank, I know, but still think 100k in 3-4 years is excellent for Canada. Today's demand for certified professional coders (CPCs) is growing as many jobs in the coding and billing field now require certification. Salaries in Canada are lower because we pump out so many accounting graduates and we also give out CPA licenses like candy (recall something like 210k members in CPA Canada. Both test students if they truly belong to accounting major. Someone has linked to this thread from another place on reddit: [r/canadapublicservants] Thoughts on career plan #4 from this post If you follow any of the above links, please respect the rules of reddit and don't vote in the other threads. Tax laws get updated, sure, but it's just not the same. With operational stuff I feel like they finish closing the books for one month, and then they have like a quick 2 week turn around before they need to start closing the next month. Hello, didn’t see any salary threads for Canada so wanted to make one. Keep in mind Software and CS in canada will also barely ever breach 200-300k unless you work for top companies with stock (not really easy to land these coding jobs). With regards to career options in Canada: Option 1: Bachelor Of Science Computer Science from Canadian University then working as a Software Developer Option 2: Bachelor of Commerce in Accounting and then completing the (CPA license - Certified Public Accountant) and working as a CPA. Machines might be able to accurately record transactional data, but it doesn't know how to look for errors/mistakes. If you're worried about the compensation you're missing out on (which is fair), I would look into moving to the states. I started my career at 26, and got an undergrad in accounting and a masters in accounting prior to starting work. This isnt America. Can anyone tell me how the heck you guys passed Core 1. What is the situation ACTUALLY like in Canada? If you're in the GTA, it's a ridiculously HCOL area, and 40k with a CPA just doesn't seem to cut it. CPA Canada moving away from PEP modules and CFE, and will have the program focus more on diversity and inclusiveness lol how… I am about to graduate with an accounting degree, have a B2 in the 3. School choice hardly matters in Canada unless you want to do grad school later on. Accounting will NEVER be AI There are still too many things in accounting that can't be done by machines. The best place on Reddit for LSAT advice. Government of Canada Accounting Jobs I’m currently in B4 (S1, approx. The Canadian job market may still be in the CPA does appear to have somewhat of a bias against industry candidates. I have a science degree from outside Canada. Foreign designations that do not have a reciprocal agreement with CPA Canada are not viewed as equivalent by many employers, and thus your professional progression will be Go to Accounting r/Accounting. No, you aren't limited to it. Rough estimate Canada has 1 CPA/180 people in Canada. If you get a coop at a public accounting firm as an accounting tech You might get a job offer to onboard full time with them. Can only speak to the public accounting (mostly Big 4) route for Ontario (currently working as a Manager in Audit at a B4 in GTA). I moved to accounting after school though. 5 245 (controller to cfo) My last year as controller i did 310 on w2 with equity cash out. The new map 2. CPA Canada releases a breakdown of each previous exam with commentary from the board. The very simple reason is - most accounting jobs (especially if you want to earn decent money / have an upward career path) really want you to either have a CPA license, or you meet the education requirements and just need to pass the test. Un subreddit pour les étudiants, les diplômés et la faculté de l'Université d'Ottawa à Ottawa, Ontario, Canada. It is an easier sell to the reviewer The best advice I can offer is just submit. (Info / ^Contact) Got the job because the controller of the company started accounting in the 80s and never got a college degree and was going back to school to get their accounting degree/CPA. In my non accounting classes (business and tech) the professors would constantly comment how accountants wont be needed in the near future because everything will be done by AI. If you take a different degree, like you are, you can get those 14 courses by taking them at a university or through cpa prep. Cost accounting is one of my most favorite accounting classes. Generally, I would say expect 55-60 at least. Tell them about your level of experience, what you want, and ask if they're connected with Big 4 hiring managers. the over-arching difference is that Canada's tax system is principles-based rather than rules-based). I started debriefing in Unit 6 so a little late to change my mistakes but I know what I was doing wrong and impro Pre cpa designation / accounting tech : 58k + ot banked and paid out Post cpa exam and new designation : 68k + ot banked and paid out. It's just a little strange that the highest position for accounting and finance in a company gets paid less than that. Commercial banking still has a starting pay of $70K. They have their pick. Other corporate roles are Managers and above in FP&A/Accounting roles, in Canada most of them are CPAs FP&A roles in Canada are basically all CPAs. I was offered admission yesterday, I believe it would be a great opportunity and exciting, successfully completing it would allow me to go straight to Capstone 1&2 and be eligible I personally wouldn't mind getting the course and my current full time job tasks with an accounting firm is related to review and ensure filing client's T1/T4/T5 is compliant, CRA audit reviews and other admin tasks, nothing in my job is much related to accounting, which is why I thought this Canadian Tax Academy course would be at least a start for someone like me with no accounting/finance I was in same position at your age and switched to accounting in Canada. Companies offer (and employees accept) what the market will bear. The deal with forensic accounting is that it is half doing law and half doing data analysis that includes looking at financials and presenting your findings. They might offer financial support and/or PTO to get your accounting undergrad degree. Some semesters I had to be full-time studying, so I took govt student loans and did part-time jobs. pui rcmmm fecfv wagc yau mcnwgn nvk ebjt cfapoq ewjy