If you wish to know the salary of CA in Canada, then we have the right article for you here! Read more to find out all the related information.
A chartered accountant (CA) in Canada is also known as a chartered professional accountant (CPA). So, if you searched for “CA in Canada” but got “CPA in Canada”, no need to fret as both job positions are the same. Let’s discuss what this job means.
A chartered professional accountant or a chartered accountant has one more job title. This third title is of a certified public accountant. CAs are professional accountants that carry out a variety of tasks. They have several activities related to accountancy and responsibilities in the same field to carry out.
The implementation of systems of accounting, submission of corporate tax returns, and the preparation of financial reports are all done by them. A chartered professional accountant is a reputable job position in Canada.
The work of a CPA is spread in a wide range of fields such as government, public accounting industry, educational industry, etc. They have to conduct thorough analysis on finance, communicate properly and effectively with others, and have a clear and conscious judgment. They should also act in the best interest of the public.
Chartered accountants are found by employers based on the years of experience they have and how much success they have achieved. A job in this field could be quite promising for individuals with brilliant research, analytical, and communication skills.
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Tasks of a CA in Canada
It is time we talk about the tasks that are performed by a CA in Canada. Check out the list below to know them all!
- The first and foremost task is to ensure the smooth running of the accounting team.
- We already know that they prepare the financial statements every month.
- They also prepare budget reports based on the expenses.
- Chartered accountants have to manage the whole financial process from the start to the end.
- They make sure that the state Revenue Service complies with.
- They should be able to control the data of the general register.
- They implement the processes relating to accounting systems.
- Providing support on ongoing accounting and reporting comes under their umbrella of responsibilities.
- After reviewing, they also release online banking payments.
- They train staff and also arrange training for them.
- Preparation of financial information for companies, individuals and departments is all done by them.
- Maintenance of internal control procedures cost findings and reportings are done by them.
Chartered accountants have, obviously, many more tasks and duties to perform. We have mentioned only a few here.
Qualification Requirements
Canada requires the best of the best. And, so, if you are a Chartered Accountant in Canada, no doubt, you are going to require some qualification skills. We have prepared a list of qualifications for you to find below.
- This job requires a university degree and you need to have completed a professional training program which has been given a green signal by a provincial Institute of Chartered Accountants.
- The years of job training depend on the province you are staying in. However, it could be between two years or 30 months of job training.
- Chartered professional accountants jobs in Canada require a university degree along with that you must have completed your approved training program.
Where to Find CA Jobs in Canada
From the below points, you will get to know which province has a regulatory body for chartered professional accountants in Canada, and which institutional body regulates it.
- Chartered Professional Accountants of Alberta- Alberta
- Chartered Professional Accountants of Manitoba- Manitoba
- Chartered Professional Accountants of Newfoundland and Labrador- Newfoundland and Labrador
- Chartered Professional Accountants of Nova Scotia- Nova Scotia
- Ordre des comptables professionnels agréés du Québec- Québec
- Chartered Professional Accountants of British Columbia- British Columbia
- Chartered Professional Accountants New Brunswick- New Brunswick
- Chartered Professional Accountants – Northwest Territories / Nunavut- Nunavut
- Chartered Professional Accountants of Ontario- Ontario
- Chartered Accountants of Prince Edward Island- Prince Edward Island
- Institute of Chartered Professional Accountants of Saskatchewan- Saskatchewan
Now you know from which regulatory body you could register to become a CA in Canada. Let’s have a look at which firms are hiring as of now. These are:
- Vantage Chartered Professional Accountants
- Axis Forestry Inc.
- Beers Neal PC
- Sensus Chartered Professional Accountants Ltd.
Even though we have only listed a few names, it is quite understandable that there are many, many firms out there in Canada looking for Chartered Accountants.
Salary of a CA in Canada
The job of a chartered professional accountant in Canada is one of the best-paying jobs. Individuals can earn up to $76,100 a year. This is the average salary of an average chartered professional accountant working in Canada. On an hourly basis, they make up to $36. Compared to other jobs, the salary is quite okay. CAs working in Canada can earn a good salary if they have enough work experience and the required skills. The places that offer the highest salary to their Chartered Professional Accountants are Montreal, Edmonton, Mississauga, Toronto, and Ottawa.
From the above article you might have gotten a clear idea of how much a CA earns in Canada, what qualifications are required, what are the basic tasks and where one can find those jobs in Canada.
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