Newcomers accountants are lucky as high-paying accounting finance jobs are available in Canada. In this article, we will show you the accounting and finance jobs in Canada for newcomers.
This also includes:
- Is Canada good for newcomers’ finance careers?
- What are the basic requirements for securing accounting and finance jobs in Canada?
- What skills are needed to get a finance job in Canada?
- What are the top high-paying accounting and finance jobs in Canada for newcomers?
- And lots more…
So if you’re new to Canada and looking to start a career in accounting and finance, you’ll love this guide.
Let’s dive right in!
Is Canada Good for Finance Career for Newcomers?
The annual average salary of a single individual in Canada in 2020 was about 169,000 CAD, and this salary range is directly proportional to the years of experience and degree of education that such an individual has attained.
And the account and finance sector is not so far-fetched from this…
The accounting and finance sector records a notable mean average salary of $97,000 (about 122,054.61 CAD) in 2021, in line with last year’s.
This implies that, with good working experience and educational status, it’s pretty much easy for newcomers to secure accounting and finance jobs in Canada.
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Considering the average salary grade, which also comes with housing, transport, and additional benefits, one can say that Canada is good for newcomers’ finance careers.
Top 10 High-Paying Accounting and Finance Jobs in Canada for Newcomers
The top 10 high-paying accounting and finance jobs in Canada for newcomers include:
- Cost accounting manager
- Business analyst
- Financial controller
- Senior financial advisor
- Finance director
- Financial Advisor
- Accountant
- Payroll clerk
- Tax accountant
- Finance intern
#1: Finance Director
A finance director is an executive role in the finance department that oversees and directs the daily financial operations of a company and reports back to the CFO.
They are one of the highest-paid accounting and finance jobs in Canada.
The average annual salary of a financial director in Canada in 2021 is about 253,000 CAD. and this salary range varies based on the level of experience as shown below:
Based on education level:
#2: Cost Accounting Manager
A cost accounting manager oversees a business’s budgeting, analysis of financial information, department tracking of product expenditures, and recording.
The cost accounting manager answers to the Chief Financial Officer (CFO) or finance director.
The average annual salary of a cost accounting manager in 2021 is about 167,000 CAD, and this varies based on their level of experience, as seen below:
Based on education level:
#3: Business Analyst
Business analysts are one of the leading in the finance and accounting world. This is because big businesses and even startups are consistently planning their next big move following the current economic status of the country and the world in general; thus, there is a need for a business analyst to help solidify those plans with his or her skill set.
Calgary boasts of the highest average salary for business analysts in Canada with a salary of about $115,900. Now, the average salary of a business analyst in 2021 is about 154,000 CAD.
As discussed earlier, the salary of finance jobs in Canada depends on the level of experience of applicants, thus:
As the illustration above shows, applicants with the highest work experience attract a higher pay grade.
Based on education level:
#4: Senior Financial Advisor
Employers rely heavily on senior financial advisors to address their current and future financial needs. They can achieve this by tailoring plans that tackle the company’s problems, issues, risk tolerance, and goals.
The average salary of a senior financial advisor in Canada ranges from $60,000 to $80,000 yearly.
#5: Financial Advisor
These financial professionals assist clients in making the best decisions about their investments or finances.
Based on education level:
#6: Financial Controller
The financial controller has become Canada’s #2 highest-paying finance job.
A controller oversees major functions such as general business accounting, ledger management, accounts payable, and receivables that keep a business running.
The average annual salary of a financial controller in Canada in 2021 is about 131,000 CAD. This can also be related based on experience level:
Based on education level:
#7: Tax Accountant
A tax accountant carries out a similar function as an accountant, but they specialize further in managing business taxes.
The average annual salary of a tax advisor in Canada is about 125,000 CAD, and this salary range varies based on experience level:
Based on education level:
#8: Payroll Clerk
This is one of Canada’s many entry-level finance jobs that specializes in a company’s internal payroll. They are in charge of employees’ monthly payroll in a company.
A payroll clerk may also be placed in charge of benefits administration or resolving payroll-related queries from employees.
The average annual salary of a payroll clerk in Canada is about 107,000 CAD. This salary range varies based on working experience:
Based on education level:
#9: Accountant
Accountants are critical to businesses, helping track a company’s money with detailed records.
The average annual salary of an accountant in Canada is about 80,600 CAD. This salary range varies based on working experience:
Based on education level:
#10: Finance Intern
Newcomers can take up accounting and finance internship positions in Canada. This will help them gain better experience in the constantly growing finance industry.
What are the Basic Requirements and Skills Needed to Secure Accounting and Finance Jobs in Canada?
The following skills are needed to secure accounting and finance jobs in Canada:
- Strong knowledge of Excel
- Good knowledge of the International Financial Reporting Standards (IFRS)
- Anti-money laundering (AML)
- Public accounting
- Strong knowledge of GAAP (Generally Accepted Accounting Principles)
- Bilingual French ability is an added plus.
The following certifications will also help you secure a finance job in Canada quickly as a newcomer:
- Chartered Professional Accountant (CPA)
- Certified Management Accountant (CMA)
- Chartered Financial Analyst (CFA)
- Certified Internal Auditor (CIA)
- Canadian Payroll Association Certification
- Canadian Securities Course.
Now I’d Love to Hear from You:
- Which of the above-listed finance jobs in Canada do you plan on applying for next?
- What’s your experience like getting accounting and finance jobs in Canada?
Let me know by leaving a comment below!
