Go figure! Earn up to $97,700 if you Work in Canada as an Accountant
February 9, 2021
Accountants are one of the top five occupations of people invited to immigrate to Canada under the popular Express Entry System since its introduction in 2016, according to the IRCC. If you’re a qualified accountant with at least one year of work experience under your belt, you can quite easily make Canada your permanent home. Accountants are classified as highly skilled individuals and for this reason, are able to find employment in almost any of the 13 provinces and territories. The average salary for an accountant in Canada is $57, 500 but most experienced workers make up to $97,700 annually! Canada plans to welcome 341,000 immigrants in 2020 through various immigration programs and streams. Accountants are regularly granted Invitations to Apply (ITA) through these programs due to their high skills, which contribute to Canada’s strong economy that’s growing at a faster pace well above other G7 economies. Apart from an outstanding salary, accountants who wish to immigrate to Canada in 2020 can look forward to the many benefits that come with being a permanent resident in Canada:
- Lower Taxes for the Middle Class
- World-Class Education
- Free Public Healthcare
- Owning Your Own Business
Live and Work in Canada as an AccountantAs mentioned above, the most popular immigration programs for accountants to live and work in Canada are; 1. Express Entry System; 2. Provincial Nomination Programs.
1. Express Entry in a NutshellCanada’s popular immigration system is suitably named Express Entry for the sole reason that it fast tracks immigration in less than 6 months! It manages the 3 Canadian federal economic immigration programs and is aimed at skilled workers who want to live and work in Canada. It works on a point-based system known as the CRS (Comprehensive Ranking Score) system, which ranks candidates according to factors such as your age, language skills, education, and work experience. In order to qualify for the Express Entry system, you will have to have a skill type 0 or level A or B. Accountants are classified as level A, which means that you may be eligible to apply through the Federal Skilled Worker Program or the Canadian Experience Class Program (if you have Canadian work experience). A great benefit of these programs is that they do not require applicants to obtain job offers before applying. You will be required to create an online Express Entry profile. After this, you’ll be entered in a draw pool which takes place every 2 weeks, from which the highest scoring candidates will be selected to receive an ITA (Invitation to Apply) for permanent residence in Canada.
2. About Provincial Nominee ProgramsIf your occupation is in demand in a specific Canadian province or territory and you have secured a valid job offer in that area, you can apply to immigrate to Canada through a Provincial Nomination Program (PNP). Each province/territory has its own PNP with in-demand occupation lists designed to meet the individual needs of its labor market. For example, accountants may be in demand in Nova Scotia and British Columbia, however, they may not be in demand in Saskatchewan. These provincial in-demand occupation lists change regularly and can be found on the Provincial Government websites. Be sure to check it regularly to be up to date with the latest changes before applying. Based on the latest information from December 2019, these 4 provinces urgently need accountants:
|PNP Express Entry Stream||Occupation In Demand|
|Yukon Express Entry||Accountant|
|Nova Scotia Demand: Express Entry; Nova Scotia Experience: Express Entry; Labour Market Priorities;||Accountant|
|Express Entry British Columbia||Accountant|
|New Brunswick Express Entry Labor Market Stream; New Brunswick Skilled Worker with Employer Support;||Senior managers - financial services|