The finance industry in Canada has experienced a big change. One of them being a shift towards automation, big data, and innovative technologies like blockchain and AI. What you need as an accountant is definitely a tech skill update too.
If you are aiming to work as an accountant in Canada, learn new skills to be able to easily transition to technical and digital surroundings. To adapt is an added qualification, specially for accountants in this day and age.
You can know how to apply for Canada PR as an accountant. This being the top rated professions for 2024 there are sure to many interesting job openings for interested applicants.
|
How to apply for Canada PR as an Accountant in 2024? |
The average age of customers is changing now, which is why employees need to cater to the younger client base.
Trends in Accounting for 2024
Automation has replaced many low-level accounting procedures.
For example: Cloud-based accounting systems can manage repeated low level work like doing data entries.
Upgrade in Technology and data analytics means increased need for technical accounting and tax knowledge.
Teams for Automation and artificial intelligence (AI) free human accounting to concentrate on difficult and high value tasks.
In the future, financial experts with high-level accounting skills and complete technical skills shall be employed.
How to apply for Canada PR as an Accountant?
1st Step - You as an applicant must complete a recognized accounting program in Canada like a bachelor’s degree in Business or Accounting.
2nd Step - You also need a certified Canadian Professional Accountant (CPA) position. This can take years of study and work experience. Get enrolled in a CPA program. This program covers subjects like financial accounting, management accounting, taxation, and audit and assurance.
3rd Step - Complete the CPA program by scoring the minimum grade requirements.
4th Step - Give your Common Final Examination (CFE) which tests your knowhow of accounting and business skills. To be qualified for sitting for this exam you need to first finish your CPA program.
5th Step - Once you have completed your CFA program and CFE exam you can get a license from a provincial or territorial CPA entity.
Canada PR programs you can apply for as an Accountant
Canada PR programs for Accounting profession |
Details |
Federal Skilled Worker Program (FSWP) | You are qualified to apply as a CA under the FSWP program if you have a minimum 1 year of experience in a skilled profession. Also, you need to meet the other qualifying criteria to apply under this PR program. Meet the IELTS requirement for Canada PR of 6.0 across all bands. |
Provincial Nominee Program (PNP) | PNPs permit provinces and territories having the skills required by the region. Every province has their own programs with some having particular streams for Accountants. |
Occupation in demand | You get nominated through NOC codes under PNPs. Look for the updated in-demand occupation list of provinces This will let you know whether they are hiring for accountants. This job is currently in high demand. |
Express entry | You can apply under the Federal Skilled Trades and Canadian experience class. Your profile is added to the pool of candidates once you achieve the required CRS scores. You can calculate your scores with the tally tool called CRS score calculator. High scorers get an ITA for Canada PR. |
Quebec Regular Skilled Worker Program | The Quebec province issues invitees for settling in the province. They do this through RSWP. Accounting professionals can even file for an EOI under the RSWP. |
Atlantic Immigration Program | The AIP is a federal immigration program which issues PR visas to settle in one of the 4 Atlantic provinces. Province names are New Brunswick, Newfoundland and Labrador, Nova Scotia, and Prince Edward Island. |
Average Salaries of an Accountant in 2024
Average Base Salary in Accountant | Salary Amount |
Per Hour | $27.61 |
Per Day | $281 |
Per Week | $1,120 |
Per Month | $4,334 |
Per Year | $61,220 |
City wise salaries for Accountants
Name of Canada city | Salaries (per year) |
Calgary | $66,526 |
Montreal | $65,787 |
Toronto | $61,672 |
Vancouver | $60,532 |
PNP Streams for Accountants
Canada Province Name | PNP streams |
British Columbia | B.C. Skills Immigration - Skilled Worker. Applicants with job offers in B.C in a NOC TEER 0, 1, 2, or 3. This stream also has an Express entry route |
Alberta | Alberta Express Entry Alberta Opportunity Stream |
Ontario | Express Entry Human Capital Priorities Express Entry French-Speaking Skilled Worker OINP Employer Job Offer – Foreign Worker Stream |
Manitoba | Skilled Workers in Manitoba Skilled Workers Overseas |
Nova Scotia | Nova Scotia Express Entry Labour Market Priorities Skilled Worker Stream |
New Brunswick | Skilled Workers Stream |
Saskatchewan | International Skilled Worker – Employment Offer. Financial auditors and accountants are not included in SINP Express Entry streams and Occupations-In-Demand programs. |
Newfoundland and Labrador | NL Express Entry Skilled Worker Skilled Worker stream |
Prince Edward Island | PEI PNP Express Entry Skilled Worker Outside PEI |
Northwest Territories | Northwest Territories - Express Entry Skilled Worker stream of Northwest Territories. |
Yukon | Yukon Express Entry (YEE) Skilled Worker of Yukon |
Conclusion
The role of an accountant is very important to the finance sector in Canada. If you need to know how to apply for Canada PR as an accountant you can explore pathways and requirements. In case you have more queries you can visit some of the best canada immigration consultants in India. They will help you in every step of your immigration process/