Who says that a cost accountant’s life is only all about numbers and spreadsheets, that they do not enjoy the advantages of other life aspects? What if we say, this is totally not true? That a cost accountant can live their lives beyond spreadsheets too? The first step to do so would start with immigrating to Canada, as an accountant, of course. Cost accountant jobs in Canada have quite a few advantages as well.

From a handsome income to being a respectable job, this job is definitely worth it!

Must Haves for a Cost Accounting in Canada

There are some skills that you would need if you are going to work as a cost accountant in Canada . Let’s take a look at those below!

Service and Care

Serving Others
Protecting and Enforcing
Tending to Daily Needs
Treating People/Animals
Counseling and Nurturing
Cleaning and House/Shop Keeping
Cooking, Preparing, Serving

Communication

Professional Communicating
Liaising and Networking
Interviewing
Negotiating and Adjudicating
Advising and Consulting
Promoting and Selling
Teaching and Training

Analysis

Examining and Diagnosing
Researching and Investigating
Inspecting and Testing
Planning
Analyzing Information
Projecting Outcomes

Interesting to read : Job Opportunities for Indian Chartered Accountants in Canada

Tasks of a Cost Accountant in Canada

Below, we have listed down some of the important tasks that a cost accountant has to carry out.

Training the staff
Arranging that training for staff
Supervise the staff
Preparation of reports and audit findings
Planning, setting up, and administering accounting systems
Preparation of financial statements and reports
Make sure the accounting standards are accurate, procedures and internal controls are in compliance
Examination of accounting records
Conduction of field audits of businesses
Act as trustee in the case of bankruptcy proceedings
Provision of business, financial and tax advice
Preparation of financial information for individuals, companies, or departments
Development and maintenance of cost findings, internal control procedure and reporting
Preparation of income tax returns from the accounting records
Analysis of financial reports and documents

How Much It Pays to be a Cost Accountant in Canada?

For an average cost accountant working in Canada, the income per year is $70,000 or could be said that these accountants make $35.90 per hour. Entry- level positions begin with only $58,000 per year, however the most experienced can earn up to $82,900 per year.

Let’s break down this data according to different provinces or territories of Canada.

Alberta- If you are thinking of working in Alberta, then don’t be shy! Just hop on this opportunity since Alberta offers one of the highest salaries to its cost accountants. You can make more than $72,000 there!
Ontario- Ontario offers the second highest payment to cost accountants after Alberta. An average cost accountant makes up to $70,990 in a year. Isn’t that some good money?!
British Columbia- Cost accountants of British Columbia have an income of more or less than $68,250 per year.
Manitoba- The salary of a cost accountant working there is $56,250 a year.

Career Opportunities for Cost Accountants in Canada

There are probably thousands of jobs in Canada and hundreds of those jobs are for cost accountants only. Do you know what this means? Do you understand what Canada is trying to tell you? Canada is welcoming immigrants to come and help the economy grow further on. Out of 120,820 job postings from the Canadian government, more than 750 job opportunities are for cost accountants alone.

Why don’t we take a look at these job postings province wise so you could have a clearer idea?

Alberta- 83 available jobs
British Columbia- 74 available jobs
Manitoba- 10 job postings
New Brunswick- 2 job vacancies
Newfoundland and Labrador- 5 jobs available
Nova Scotia- 14 jobs available
Ontario- 179 available jobs
Quebec- 345 job vacancies available
Saskatchewan- 30 opportunities available

We hope all the information we have provided you with has been enough for you to understand the job opportunities that are available in Canada. This blog mentioned the skills required of a cost accountant in Canada, education needed, tasks assigned to a cost accountant, how much it pays to be a cost accountant in Canada and what are the career opportunities for them in Canada.