Picture the idyllic lifestyle of most Canadians: you drive a sleek car to your 3-bedroom home or modern condo, spend money on groceries and takeout for the family, plan a beach holiday in the winter, and shop regularly to keep your wardrobe and furniture updated.

Now research the price of a home in Canada, and let your jaw drop at the rising cost of food and gasoline. We haven’t even looked up how much it will cost to do the fun stuff like travel and shopping, but you know that when your mortgage will likely cost upwards of $3000 you will need not only a great salary but a partner with a great job to keep a household afloat.

While we would all love to have careers that bring us joy and spark our passions and interests, it’s hard not to factor in a good salary when we pick the job of our dreams. Life can get expensive, and when owning a home, having a family, or simply having a comfortable life are how we imagine our lives, we strive toward careers that enable us to earn more.

Should business and mathematics be areas that intrigue you, you will be well positioned to make a salary that can meet your financial needs in your adult life. Chartered accountants and other accounting professionals have some of the most stable, high paying careers in Canada, making it one of the most sought after and competitive professions.

Let’s take a closer look at what it takes to become a chartered accountant, and how much you can expect to make in this role.

Are you in high school and trying to figure out which career to pursue? Accounting should be on your list!

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Peter
$25
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Josh
4.9
4.9 (13 reviews)
Josh
$85
/h
Gift icon
1st lesson is free!
Huzefa
5
5 (18 reviews)
Huzefa
$50
/h
Gift icon
1st lesson is free!
Fuad
5
5 (22 reviews)
Fuad
$40
/h
Gift icon
1st lesson is free!
Nilima
5
5 (25 reviews)
Nilima
$28
/h
Gift icon
1st lesson is free!
Ritika
5
5 (5 reviews)
Ritika
$40
/h
Gift icon
1st lesson is free!
Jayanti
5
5 (19 reviews)
Jayanti
$70
/h
Gift icon
1st lesson is free!
Karen mae
4.9
4.9 (14 reviews)
Karen mae
$40
/h
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1st lesson is free!
Peter
5
5 (4 reviews)
Peter
$25
/h
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1st lesson is free!
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Is There Such a Thing as an Accountant Degree?

You can absolutely earn a degree with a focus on accounting through universities that offer programs in commerce and business. Some popular university accounting programs include:

  • Bachelor of Commerce Accounting
  • Masters in Accounting and Finance
  • Master of Forensic Accounting
  • PhD Accounting
  • BA in Accounting and Finance

Once you complete an accounting related degree, you can apply for a certified chartered accounting course, which will enable you to earn the CPA designation. With a CPA, you can access a number of high-paying careers with plenty of room for growth.

You may be wondering whether or not completing a degree is necessary to working in the accounting field. The short answer is no - there are plenty of college level programs where you can earn a certificate or diploma in accounting or bookkeeping. While these jobs may also pay above average salaries and offer stability, it’s important to note that they typically do not pay as well as a chartered accountant role.

accountant degree
Get a degree in accounting to become a chartered accountant. Source: Unsplash.

How Much Money Can I Make as an Accountant

The salary you earn as an accountant will largely depend on a number of factors: years of experience, educational background, CPA designation, the company or organization you work for, and the specific type of accounting or financial role you have. Here is a list of some accounting roles and the average salary you might make:

Principal Accountant - $103,640

Regional CPA- $100,123

International Chartered Accountant-$97,471

Senior Accountant Manager-$96,466

Group Accountant-$89,668

Keep in mind that you can make more than these amounts, or somewhat less, depending on your employer and the value and skill set you bring to their company. For example, if you strive to be a business leader or a financial officer, you can make much more. Non-chartered or certified accountants may make much less by comparison.

Your income will also largely be impacted by the cost of living in the region you live in, whether or not you have a commute, and the level of spending you do in your day-to-day life. For example, living in a rural or suburban area can significantly lower your cost of housing, but you may also be paying more for transportation and food.

To become an accountant, you will need to take a lot of courses and a rigorous certification pathway. Find out more.

The best Accounting tutors available
Josh
4.9
4.9 (13 reviews)
Josh
$85
/h
Gift icon
1st lesson is free!
Huzefa
5
5 (18 reviews)
Huzefa
$50
/h
Gift icon
1st lesson is free!
Fuad
5
5 (22 reviews)
Fuad
$40
/h
Gift icon
1st lesson is free!
Nilima
5
5 (25 reviews)
Nilima
$28
/h
Gift icon
1st lesson is free!
Ritika
5
5 (5 reviews)
Ritika
$40
/h
Gift icon
1st lesson is free!
Jayanti
5
5 (19 reviews)
Jayanti
$70
/h
Gift icon
1st lesson is free!
Karen mae
4.9
4.9 (14 reviews)
Karen mae
$40
/h
Gift icon
1st lesson is free!
Peter
5
5 (4 reviews)
Peter
$25
/h
Gift icon
1st lesson is free!
Josh
4.9
4.9 (13 reviews)
Josh
$85
/h
Gift icon
1st lesson is free!
Huzefa
5
5 (18 reviews)
Huzefa
$50
/h
Gift icon
1st lesson is free!
Fuad
5
5 (22 reviews)
Fuad
$40
/h
Gift icon
1st lesson is free!
Nilima
5
5 (25 reviews)
Nilima
$28
/h
Gift icon
1st lesson is free!
Ritika
5
5 (5 reviews)
Ritika
$40
/h
Gift icon
1st lesson is free!
Jayanti
5
5 (19 reviews)
Jayanti
$70
/h
Gift icon
1st lesson is free!
Karen mae
4.9
4.9 (14 reviews)
Karen mae
$40
/h
Gift icon
1st lesson is free!
Peter
5
5 (4 reviews)
Peter
$25
/h
Gift icon
1st lesson is free!
Let's go

What are some Accounting Careers to Pursue?

There are many types of accounting careers you can pursue based on your educational background, the region you live in, and what your interests and passions are. Keep in mind that accounting is a career that spans across nearly every industry, so if you worry about wearing a business suit all day and going to a big corporate office, that doesn’t have to be your life.

Accountants can work in large companies, charities, universities, school boards, government, airlines, technology and any range of small businesses. You may work for a specific company, or be part of a larger accounting firm. If you like the rewards of working with individuals and small businesses, you can certainly find plenty of careers in that field.

If you're not sure where you’d like to work, try working in a few different industries and see which ones make you the happiest. You may find that you love the glamour and competition of working for a large and important financial institution, appreciate the hustle and energy of a tech company, or prefer the quiet life of a personal accountant who supports families and individuals. There is an accounting job for every and any lifestyle, so do your research and figure out what will bring you the most satisfaction at a pay level you are OK with.

Here are some popular fields of accounting you can work in:

  • Management Accounting
  • Government Accounting
  • Financial Accounting
  • Auditing
  • Tax Accounting
  • Forensic Accounting
  • Public Accounting
  • Actuarial Accounting

Does Small Business Accounting Pay as much as Corporate Accounting?

In general, you may find that small business accounting will not pay as well as corporate accounting. Simply put, large corporations work with much larger streams of revenue and operate with more complex organizational structures. In a large bank, financial firm, or insurance company, you may also find that you can get more competitive benefits and pay as they will look to procure top talent.

accounting courses online
Work in the private sector or the public sector as an accountant. Source: Unsplash.

As alluring as working for a large corporation may seem, there are plenty of benefits to working for small businesses. First of all, you may find that working for a small business or having a number of small business clients can be incredibly rewarding and exciting. You can watch a company grow, learn about a burgeoning creative industry, or work in an area that ignites your passion and interest, like the culinary arts, natural products, or services. You will work with interesting people that will depend on you to keep their finances organized and compliant with taxation laws.

Charities or nonprofits can also be great organizations to work with especially if you enjoy contributing to social causes or are passionate about the work some charities do. You will be helping such organizations to redirect money into resources and supports for the community, which can bring immense satisfaction to your life.

What skills are valued in an accountant? A good work ethic, strong mathematical skills, and organization are just a few!

Where can I Find Accounting Courses Online?

If you have determined that accounting is the right area for you, but don’t want the hassle of a long commute, you may want to find online courses. Online courses are a great way to learn from the comfort of your own home, and can sometimes be cheaper in terms of tuition depending on the school you are attending.

Another advantage of online courses is that you can attend schools that are outside the region you live in, so you have a much broader range of schools to choose from. You can learn at a Vancouver school while living in Manitoba, or a Toronto university while living in Nova Scotia. The range of opportunities can well exceed what you’d have access to if you stayed in your own area.

While you may find that degree courses may differ in availability online, it’s not difficult to find online accounting courses in continuing education departments at large universities or community or private colleges. To find an online accounting course, simply search the university or college of your choice and see what they have to offer!

Is accounting the right career pathway for you to pursue? You may be surprised to learn what it takes to be an accountant!

Learn Accounting Online with Superprof

accounting degree
Learn accounting online and achieve your career goals. Source: Unsplash.

Another option for brushing up your accounting skills or getting help with a program you are enrolled in is by hiring a tutor through Superprof Canada. Superprof connects accounting students with accounting tutors, enabling you to receive one-to-one support that you simply cannot get in a large classroom. Superprof tutors will come from a range of educational and professional backgrounds. To find a tutor that is right for you, simply visit the site and use the search tool to find a tutor appropriate for your needs.

Once you identify who you might want to work with, you can simply message them through the site to see if they have the availability you need at a rate that works for your budget. Contact multiple tutors to get the best comparison, and take the time to read through profiles carefully to ensure they have the knowledge and skills to support you. You will find tutors with a range of experiences, so think about your own career and education goals and find someone who has done something similar. Superprof tutors can meet you online through a virtual learning platform, and tailor instruction and pedagogy to what you need to thrive in your program.

Find an online accounting tutor on Superprof today!

Accounting is one of the best careers you can pursue: it pays well, offers stability, and is one of the most well-respected professions. Learn all about accounting careers in Canada.

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Colleen

Colleen is a Toronto-based educator, mom and freelance writer who believes in lifelong learning and strong coffee.