How to Become an Accountant and Immigrate to Canada

How to Become an Accountant and Immigrate to Canada

Are you a CPA thinking about moving to Canada? You decided to become an accountant after much thought and much research. Whether you’re wondering if your attempts to move to Canada as an accountant will be in fruitless, the short answer is no. The need for accountants is at an all-time high, thus now is the ideal moment for accountants to move to Canada.

Accountant immigration to Canada: Job Description

Accountants use their education and expertise to assess and produce the correctness of financial statements for a corporation or an individual. Verifying the correctness of financial records and abiding by all laws and regulations are among an accountant’s major responsibilities.

Today’s accountants are trusted consultants whose knowledge and experience guide corporate choices across departments and sectors in addition to serving as the guardians of financial data. For competent accountants in Canada, there are several possibilities in accounting, taxes, auditing, and financial management. Moving to Canada may open up a world of prospects for you, regardless of whether you have just completed your undergraduate accounting degree or have previously had a job as a practicing member of your country’s professional accounting organization.

If you are looking for methods to immigrate as an accountant, the excitement of getting to Canada and then finding steady employment may be too much for you to handle. You should be conscious of the fact that using your skill sets might assist you in finding an accounting profession in Canada rapidly. You may get the appropriate individuals to notice your resume in the appropriate locations by taking the initiative.

Canadian Accounting Standards

To become a chartered or licensed accountant in Canada, you probably need to have such status in your native country. It is basically confirmed by a Mutual Recognition Agreement (MRA) or Reciprocal Membership Agreement (RMA) that certified and chartered accountants from other countries are eligible to satisfy Canadian criteria. Depending on the category you fall under, you can be qualified for Canadian certification.

The ideal option would be to get an undergraduate degree and a Canadian accounting certification. This undergraduate degree must be acquired in addition to your Chartered designation, even if the Professional levels of the Chartered examinations may be thought of as being at the Master’s level or above. If you obtained your degree from outside of Canada, you will likely need to apply for an ECA (Educational Credential Assessment). An ECA may be used to confirm a foreign degree, diploma, or certificate to show that it is legitimate and on par with Canadian degrees.

Why Would an Accountant Want to Move to Canada?

Living in Canada might be a fascinating choice for accountants with foreign education for a variety of reasons. Here are a handful of them:

In Canada, accountants make greater pay.

Auditing and accounting roles in Canada are often well-paid, despite the fact that accounting salaries vary by region and degree of seniority. In Canada, financial accountants typically make $35.75 per hour, although seasoned professionals, especially Chartered Professional Accountants (CPAs), may earn upwards of $60 per hour.

In several regions, there is a high need for accountants.

There is a significant need for accountants in several Canadian provinces, including Manitoba, Quebec, Saskatchewan, and Nova Scotia. The Government’s Job Bank predicts that until 2028, there will be a significant gap between the demand and supply of skilled accountants in Canada for financial auditors and accountants.

Getting a Job in Accounting in Canada

Before you arrive, you might start looking for a job as an accountant with an international degree in Canada. Think about the following advice as you begin your accounting career:

understanding the needs of the local labor market

Employers in Canada can have different standards for accounting job candidates than those in your country. You may learn more about the needs of the labor market by reading job advertising for accounting duties at your level and identifying desired skills, experiences, and credentials. For entry-level and mid-level positions, the CPA certificate is often optional, while some firms prefer to hire people who are working toward their CPA.

You may register with your local authority and complete the CPA PEP courses to get the CPA certification before traveling to Canada. This will not only broaden your pool of career opportunities, but it will also contribute toward the 30-month CPA certification requirement.

Obtain extra education and training

The Public Sector Accounting Board (PSAB), Accounting Standards for Private Enterprises (ASPE), International Financial Reporting Standards (IFRS), and Accounting Standards for Not-for-Profit Organizations (ASNFO) are some of the commonly used accounting standards in Canada that you should become familiar with as a new immigrant (ASNPO).

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