Cost of Living: Compare Canadian city costs and build a budget framework with our Canadian Cost of Living Guide.

The average accountant salary in Canada is $55,000-$100,000. This guide covers accounting pay by designation, province, and industry.

Accountant Salary by Designation

Designation Entry Level Mid-Career Senior
Bookkeeper $40,000 $50,000 $60,000
Accounting Clerk $42,000 $52,000 $62,000
Staff Accountant $50,000 $65,000 $80,000
CPA (Chartered Professional Accountant) $60,000 $90,000 $130,000+
CPA, CA (legacy) $65,000 $95,000 $140,000+

A CPA designation adds $20,000-$40,000 to your earning potential.

CPA Salary by Role

Role Salary Range
Staff Accountant $55,000-$70,000
Senior Accountant $70,000-$90,000
Manager $90,000-$120,000
Senior Manager $110,000-$140,000
Director $130,000-$170,000
VP Finance $160,000-$220,000
CFO $200,000-$400,000+

Accountant Salary by Province

Province Non-CPA CPA
Ontario $60,000 $95,000
Alberta $58,000 $92,000
British Columbia $58,000 $90,000
Quebec $52,000 $80,000
Saskatchewan $55,000 $85,000
Manitoba $52,000 $82,000
Nova Scotia $50,000 $78,000
New Brunswick $48,000 $75,000

Salary by Industry

Industry Average CPA Salary
Investment Banking $120,000+
Big 4 (Partner track) $90,000-$300,000+
Mining/Oil & Gas $100,000+
Technology $95,000+
Banking/Financial Services $90,000+
Manufacturing $85,000
Government $80,000
Non-profit $70,000

Big 4 Accounting Firm Salaries

Level Salary Years
Staff $55,000-$65,000 0-2
Senior $70,000-$85,000 2-4
Manager $90,000-$115,000 4-7
Senior Manager $120,000-$150,000 7-10
Director $150,000-$200,000 10-12
Partner $300,000-$1,000,000+ 12+

Take-Home Pay (Ontario)

Gross Salary Annual Take-Home Monthly Net
$60,000 $46,500 $3,875
$80,000 $59,500 $4,960
$100,000 $72,500 $6,040
$130,000 $90,000 $7,500

CPA Designation Path

Requirement Details
Education Degree + prerequisite courses
CPA PEP 2-year program ($15,000-$20,000)
CFE Exam 3-day Common Final Exam
Experience 30 months practical experience
Timeline 3-5 years total

Public vs Private Accounting

Factor Public (Big 4/Firm) Industry
Starting salary $55,000-$65,000 $60,000-$75,000
Hours 50-80/week in busy season 40-50/week
Career progression Faster early, partnership track Steady
Exit opportunities Excellent Limited
Work variety High Focused
Work-life balance Poor in busy season Better

Is Accounting a Good Career?

Pros:

  • Stable demand
  • Clear career path
  • Good salaries (with CPA)
  • Multiple industries
  • Work-life balance (industry)
  • Remote work possibilities

Cons:

  • CPA designation expensive/time-consuming
  • Long hours (public accounting)
  • Busy season stress
  • Repetitive work
  • Automation concerns for lower roles
WealthVieu
Written by WealthVieu

WealthVieu researches and writes data-driven personal finance guides using primary sources including the IRS, Bureau of Labor Statistics, Federal Reserve, and Census Bureau.

The content on Wealthvieu is for informational purposes only and should not be considered financial, tax, or investment advice. Consult a qualified professional before making financial decisions. Full disclaimer · Editorial policy