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The profession of a Chartered accountant is one of the most highly reputed and best-paid careers in Canada. The country provides a very good market for chartered accounts to thrive and grow. The opportunities are high and so are the competition levels in the industry. Before stepping inside a carer let’s have a clear knowledge of the salary. Read the following blog completely and learn all the details about Chartered accountant salary in Canada.
This Blog Includes:
- Average Chartered Accountant Salary In Canada
- Experience Based Chartered Accountant Salary In Canada
- Education Based Chartered Accountant Salary In Canada
- Chartered Accountant Salary In Canada Compared By Sectors
- City Based Comparison Of Chartered Accountant Salary In Canada
- Chartered Accountant Salary In Canada Compared To Other Professions
- FAQS
Average Chartered Accountant Salary In Canada
The average pay of the chartered accountant is pretty high in Canada. The average annual salary comes out to be 102,700 CAD. The following tables contain the average salary based on a high, low, and monthly basis.
| Average yearly salary | CAD 102,700 |
| Highest yearly salary | CAD 156,200 |
| Lowest yearly salary | CAD 54,700 |
| Average monthly salary | CAD 8,558 |
| Highest monthly salary | CAD 13,016 |
| Lowest monthly salary | CAD 4,588 |
Experience Based Chartered Accountant Salary In Canada
The level of experience is the most important factor that comes into play in the salary range decision for any profession. The level of experience determines your proficiency in work and level of knowledge.
Therefore the higher experienced employees are paid a higher amount of salary. A chartered accountant with 2 years of experience earns around 23% more salary comparatively.
Education Based Chartered Accountant Salary In Canada
There is a difference in the salary based on the level of education qualification. The employees with higher educational qualifications are expected to earn a higher amount of salary considering the higher level of knowledge and skills.
Employees qualified with master’s degrees earn around 29% of higher salaries compared to employees qualified with bachelor’s degrees.
The following has the average salary calculated against the level of education:
| Educational Qualification | Salary |
| Diploma or certificate | CAD 75, 800 |
| Bachelor’s Degree | CAD 101,400 |
| Master’s Degree | CAD 140,200 |
Chartered Accountant Salary In Canada Compared By Sectors
The public and private sectors commonly show the difference in the average pay of the employees. The public sector is seen to be paying higher salaries in comparison to the private sector for most of the professions. The private sector pays approximately 6% of lower salary compared to the public sector.
| Sector | Salary |
| Public sector | CAD 123,000 |
| Private sector | CAD 115,600 |
Also Read: Top Colleges and Universities in Canada
City Based Comparison Of Chartered Accountant Salary In Canada
Some cities in the same country show a slight difference in the average salary of the same professions. To get a better understanding of the Chartered accountant salary in Canada, let’s compare salaries in different cities. The salaries of various cities are given below:
Chartered Accountant Salary In Canada Compared To Other Professions
By comparing the average salary of a chartered accountant with the salaries of other similar professions a very clear image of the range can be extracted. The following table contains some professions from the same industry and their average salary, let’s compare and understand with the help of it:
| Profession | Salary |
| Accountant | CAD 80,400 |
| Accounting assistant | CAD 65,100 |
| Accounting head | CAD 169,700 |
| Audit director | CAD 191,100 |
| Billing clerk | CAD 68,100 |
| Bookkeeper | CAD 58,700 |
| Budget analyst | CAD 140,200 |
| Budget manager | CAD 175,200 |
| Cash flow analyst | CAD 134,100 |
| Assistant corporate controler | CAD 112,700 |
| Assistant financial controler | CAD 118,900 |
| Accounts payable clerk | CAD 63,700 |
| Accounts receivable administrator | CAD 117,100 |
| Accounts officer | CAD 68,100 |
Also Read: Graphic Designer Salary in Canada
FAQS
Ans. A pay raise or increment is an annual percentage of increased pay provided to the employer on their fixed salary. The increment rate for the chartered accountant’s salary generally depends completely upon the employer, your performance, and your skills. However, the average percentage of pay raise that a chartered accountant can expect is of 10% every 12 months.
Ans. There are several efforts made to remove the gender difference from the workplace completely. But certain aspects are yet to move completely in the direction of no difference. There is a slight difference in the salary of a chartered accountant for males and females. The females in this profession are expected to earn around 4% lower salary compared to the males in the same industry and profession.
Ans. Chartered accountant requires the following set of skills:
Strong interpersonal and communication skills
Skill of Commercial awareness
Professionalism at work
Time management skills
Problem-solving and analytical skills
Attention to detail, etc.
This was a detailed blog with complete information on the Chartered accountant salary in Canada. To read more such informative blogs on salary and jobs-related topics, follow Jobs Abroad. To learn about studying abroad, follow Leverage Edu.
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