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Accounting Assistant Average Salary in Ontario 2024

How much money does a person working as Accounting Assistant make in Ontario?


Average Yearly Salary
75,900 CAD
( 6,320 CAD monthly)

LOW
34,900
CAD
AVERAGE
75,900
CAD
HIGH
121,000
CAD
All salary figures displayed here are per year except when noted otherwise.
All salary and compensation figures displayed here are gross salary figures, that is the salary before tax deductions. Because taxes may differ across sectors and locations, it is difficult to accurately calculate the net salary after tax for every career.

A person working as Accounting Assistant in Ontario typically earns around 75,900 CAD. Salaries range from 34,900 CAD (lowest) to 121,000 CAD (highest).


Salary Variance

This is the average salary including housing, transport, and other benefits. Accounting Assistant salaries in Ontario vary drastically based on experience, skills, gender, or location. Below you will find a detailed breakdown based on many different criteria.



Accounting Assistant Pay Scale and Salaries in Ontario

Median and salary distribution Ontario Accounting Assistant yearly
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Salary Structure and Pay Scale Comparison

5% of people earn
72,000 CAD or more
10% of people earn
63,000 to 72,000 CAD
20% of people earn
43,400 CAD or less
65% of people earn
43,400 to 63,000 CAD
Minimum Salary
34,900 CAD
Median
72,500 CAD
Maximum
121,000 CAD




Median Salary, maximum and minimum salary, minimum wage, starting salary, and the salary range

All salary figures displayed here are per year except when noted otherwise.
  • Salary Range, Minimum Wage, and Starting Salary

    Salaries for the position Accounting Assistant in Ontario range from 34,900 CAD (starting salary) to 121,000 CAD (maximum salary). It should be noted that the given figure is not the legally mandated minimum wage; rather, it represents the lowest figure reported in a salary survey that included thousands of participants and professionals from all regions of the country.

  • Median Salary

    With a median salary of 72,500 CAD, half of the professionals who work as Accounting Assistant in Ontario earn less than this amount, and the other half earn more. The median salary denotes the middle value of salaries. Ideally, you would want to belong to the group earning more than the median salary, located on the right side of the salary distribution graph.

  • Percentiles and Salary Scale

    The median is closely associated with two other values known as the 25th and 75th percentiles. By examining the salary distribution chart, it can be determined that 25% of professionals employed as Accounting Assistant in Ontario earn less than 58,500 CAD, while 75% earn more. Similarly, the chart shows that 75% earn less than 83,600 CAD while 25% earn more.

  • Pay Scale Structure

    To provide a better understanding of expected salaries, we categorized the frequently occurring salaries into different ranges. This approach provides a more precise representation of salary distribution for the job title Accounting Assistant in Ontario compared to simply calculating the average. The majority of reported salaries, approximately 65%, fall within the range of 43,400 CAD to 63,000 CAD. About 20% of salaries are below the 43,400 CAD mark, while 10% fall within the range of 63,000 CAD to 72,000 CAD. Only 5% of individuals have salaries exceeding 72,000 CAD.

Salary Comparison by Years of Experience / Accounting Assistant / Ontario

How do experience and age affect pay?

0 - 2 Years
39,600 CAD
2 - 5 Years+34%
52,900 CAD
5 - 10 Years+48%
78,200 CAD
10 - 15 Years+22%
95,300 CAD
15 - 20 Years+9%
104,000 CAD
20+ Years+8%
112,000 CAD
Percentage increase and decrease are relative to the previous value
Salary comparison by years of experience yearly Ontario Accounting Assistant
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The experience level is the most important factor in determining the salary. Naturally, the more years of experience the higher the wage. We broke down salaries by experience level for people working as Accounting Assistant and this is what we found.


All salary figures displayed here are per year except when noted otherwise.

Employees with less than two years of experience earn approximately 39,600 CAD.

While someone with an experience level between two and five years is expected to earn 52,900 CAD, 34% more than someone with less than two year's experience.

Moving forward, an experience level between five and ten years lands a salary of 78,200 CAD, 48% more than someone with two to five years of experience.

Additionally, professionals whose expertise span anywhere between ten and fifteen years get a salary equivalent to 95,300 CAD, 22% more than someone with five to ten years of experience.

If the experience level is between fifteen and twenty years, then the expected wage is 104,000 CAD, 9% more than someone with ten to fifteen years of experience.

Lastly, employees with more than twenty years of professional experience get a salary of 112,000 CAD, 8% more than people with fifteen to twenty years of experience.

On average, a person's salary doubles their starting salary by the time they cross the 10 years* experience mark.
* Based on the average change in salary over time. Salary variations differ from person to person.

Typical Salary Progress for Most Careers

Salary Comparison By Experience Level
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Salary Comparison By Education / Accounting Assistant / Ontario

How do education levels affect salaries?

Displayed below is the average salary variance between different education levels of professionals working as Accounting Assistant.

High School
48,600 CAD
Certificate or Diploma+18%
57,200 CAD
Bachelor's Degree+45%
82,900 CAD
Master's Degree+31%
109,000 CAD
Percentage increase and decrease are relative to the previous value
Salary comparison by education level yearly Ontario Accounting Assistant
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We all know that higher education equals a bigger salary, but how much more money can a degree add to your income? We broke down salaries by education level for the position Accounting Assistant in order to make a comparison.


Level 1: High School

Employees at this education level have an average salary of 48,600 CAD.


Level 2: Certificate or Diploma

At this level, the average salary becomes 57,200 CAD, 18% more than the previous level.


Level 3: Bachelor's Degree

At this level, the average salary becomes 82,900 CAD, 45% more than the previous level.


Level 4: Master's Degree

At this level, the average salary becomes 109,000 CAD, 31% more than the previous level.



Is a Master's degree or an MBA worth it? Should you pursue higher education?

A Master's degree program or any post-graduate program in Canada costs anywhere from 50,000 CAD to 150,000 CAD and lasts approximately two years. That is quite an investment.

You can't really expect any salary increases during the study period, assuming you already have a job. In most cases, a salary review is conducted once education is completed and the degree has been attained.

Many people pursue higher education as a tactic to switch to a higher-paying job. The numbers seem to support the theory. The average increase in compensation while changing jobs is approximately 10% more than the customary salary increment.

If you can afford the costs of higher education, the return on investment is definitely worth it. You should be able to recover the costs in roughly a year or so.


Typical Salary Difference by Education for Most Careers

Salary Comparison By Education Level
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Salary and Compensation Comparison By Gender / Accounting Assistant / Ontario

Salary comparison by gender Canada Accounting Assistant yearly
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Though gender should not have an effect on pay, in reality, it does. So who gets paid more: men or women? For the people who work as Accounting Assistant in Canada, the average difference between the salary of male and female employees is 5%.

Male
67,300 CAD
Female-5%
63,900 CAD
Percentage increase and decrease are relative to the previous value

Salary Comparison By Gender in Canada for all Careers

Salary comparison by gender yearly Canada
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Average Annual Salary Increment Percentage / Accounting Assistant / Ontario

How much are annual salary increments in Ontario for individuals working as Accounting Assistant? How often do employees get salary raises?

Individuals working as Accounting Assistant in Canada are likely to observe a salary increase of approximately % every months. The national average annual increment for all professions combined is 9% granted to employees every 15 months.

Annual Salary Increment Rate Canada Accounting Assistant
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The figures provided here are averages of numbers. Those figures should be taken as general guidelines. Salary increments will vary from person to person and depend on many factors, but your performance and contribution to the success of the organization remain the most important factors in determining how much and how often you will be granted a raise.

Canada / All Professions

Annual Salary Increment Rate Canada
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The term Annual Salary Increase usually refers to the increase in 12 calendar month period, but because it is rare that people get their salaries reviewed exactly on the one-year mark, it is more meaningful to know the frequency and the rate at the time of the increase.

How to calculate the salary increment percentage?

The annual salary Increase in a calendar year (12 months) can be easily calculated as follows: Annual Salary Increase = Increase Rate x 12 / Increase Frequency

The average salary increase in one year (12 months) in Canada is 7%.

Worldwide Salary Raises: All Countries and All Jobs

World Average Annual Salary Increment
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Salary Packages and Schemes

Not all compensation increases are reflected directly in the salary. Some companies offer upgraded packages to their staff instead of cash money. The figures displayed here account only for direct increments to the base salary.



Bonus and Incentive Rates / Accounting Assistant / Canada

How much and how often are bonuses being awarded?Annual Salary Bonus Rate Canada Accounting Assistant
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100% of surveyed staff reported that they haven't received any bonuses or incentives in the previous year while % said that they received at least one form of monetary bonus.

Those who got bonuses reported rates ranging from % to % of their annual salary.

Received Bonus
%
No Bonus
100%

Types of Bonuses Considered

Individual Performance-Based Bonuses

The most standard form of bonus, where the employee is awarded based on their exceptional performance.

Company Performance Bonuses

Occasionally, some companies like to celebrate excess earnings and profits with their staff collectively in the form of bonuses that are granted to everyone. The amount of the bonus will probably be different from person to person depending on their role within the organization.

Goal-Based Bonuses

Granted upon achieving an important goal or milestone.

Holiday / End of Year Bonuses

These types of bonuses are given without a reason and usually resemble an appreciation token.

Bonuses Are Not Commissions!

People tend to confuse bonuses with commissions. A commission is a prefixed rate at which someone gets paid for items sold or deals completed while a bonus is in most cases arbitrary and unplanned.


What makes a position worthy of good bonuses and a high salary?

The main two types of jobs

Revenue GeneratorsSupporting Cast

Employees that are directly involved in generating revenue or profit for the organization. Their field of expertise usually matches the type of business.

Employees that support and facilitate the work of revenue generators. Their expertise is usually different from that of the core business operations.

Example:
A graphics designer working for a graphics designing company.

Example:
A graphic designer in the marketing department of a hospital.


Revenue generators usually get more and higher bonuses, higher salaries, and more frequent salary increments. The reason is quite simple: it is easier to quantify your value to the company in monetary terms when you participate in revenue generation.

Try to work for companies where your skills can generate revenue. We can't all generate revenue and that's perfectly fine.

Bonus Comparison by Seniority Level

Top management personnel and senior employees naturally exhibit higher bonus rates and frequencies than juniors. This is very predictable due to the inherent responsibilities of being higher in the hierarchy. People in top positions can easily get double or triple bonus rates than employees down the pyramid.

Average Hourly Wage / Accounting Assistant / Ontario


36 CAD per hour

The average hourly wage (pay per hour) for individuals working as Accounting Assistant in Ontario is 36 CAD.This is the rate they get paid for every worked hour.


Hourly Wage = Annual Salary / ( 52 x 5 x 8 )

About The Hourly Pay Rate

The hourly wage is the salary paid in one worked hour. Usually, jobs are classified into two categories: salaried jobs and hourly jobs. Salaried jobs pay a fixed amount regardless of the hours worked. Hourly jobs pay per worked hour. To convert salary into hourly wage the above formula is used (assuming 5 working days in a week and 8 working hours per day which is the standard for most jobs). The hourly wage calculation may differ slightly depending on the worked hours per week and the annual vacation allowance. The figures mentioned above are good approximations and are considered to be the standard. One major difference between salaried employees and hourly paid employees is overtime eligibility. Salaried employees are usually exempt from overtime as opposed to hourly paid staff.

What is the minimum hourly rate of pay?

The minimum pay rate per hour for people working as Accounting Assistant in Ontario is 17 CAD. This is the minimum as per the gathered data in the salary survey not the minimum hourly rate mandated by law.

Salary comparison with similar jobs

Job TitleAverage Salary
Accounting and Finance-100%
Account Examiner70,800 CAD-7%
Account Executive122,000 CAD+61%
Accountant94,800 CAD+25%
Accounting Analyst120,000 CAD+58%
Accounting Assistant75,900 CAD+0%
Accounting Associate73,100 CAD-4%
Accounting Clerk58,500 CAD-23%
Accounting Coordinator85,000 CAD+12%
Accounting Head193,000 CAD+150%
Accounting Manager200,000 CAD+160%
Accounting Officer74,300 CAD-2%
Accounting Specialist126,000 CAD+66%
Accounting Supervisor133,000 CAD+75%
Accounting Technician68,300 CAD-10%
Accounting Unit Controller168,000 CAD+120%
Accounts Executive119,000 CAD+57%
Accounts Officer74,400 CAD-2%
Accounts Payable and Receivable Specialist94,600 CAD+25%
Accounts Payable Assistant79,500 CAD+5%
Accounts Payable Associate85,700 CAD+13%
Accounts Payable Clerk71,500 CAD-6%
Accounts Payable Manager194,000 CAD+160%
Accounts Receivable Administrator137,000 CAD+81%
Accounts Receivable Clerk74,800 CAD-1%
Accounts Receivable Financial Analyst138,000 CAD+82%
Accounts Receivable Manager181,000 CAD+140%
Accounts Receivable Team Leader140,000 CAD+85%
Algorithmic Trading Specialist164,000 CAD+120%
Assistant Accountant71,600 CAD-6%
Assistant Accounting Manager183,000 CAD+140%
Assistant Auditor94,900 CAD+25%
Assistant Corporate Controller130,000 CAD+71%
Assistant Finance Manager197,000 CAD+160%
Assistant Financial Controller127,000 CAD+67%
Audit Director223,000 CAD+190%
Audit Supervisor173,000 CAD+130%
Auditing Clerk74,400 CAD-2%
Auditing Manager195,000 CAD+160%
Billing Clerk71,400 CAD-6%
Billing Coordinator87,300 CAD+15%
Billing Specialist103,000 CAD+36%
Billing Supervisor154,000 CAD+100%
Bookkeeper61,300 CAD-19%
Bookkeeping Specialist93,100 CAD+23%
Budget Analyst164,000 CAD+120%
Budget Manager201,000 CAD+160%
Business Support Analyst107,000 CAD+41%
Capital Markets Associate142,000 CAD+87%
Cash Flow Analyst151,000 CAD+99%
Cash Management Manager182,000 CAD+140%
Cash Management Officer108,000 CAD+42%
Cashbook Clerk64,200 CAD-15%
Chartered Accountant123,000 CAD+62%
Chief Accountant140,000 CAD+85%
Chief Financial Technology Officer205,000 CAD+170%
Collections Clerk57,500 CAD-24%
Collections Representative87,600 CAD+15%
Collections Specialist100,000 CAD+32%
Corporate Controller147,000 CAD+94%
Corporate Treasurer188,000 CAD+150%
Cost Accountant94,500 CAD+25%
Cost Accounting Manager200,000 CAD+160%
Cost Accounting Supervisor158,000 CAD+110%
Cost Analyst148,000 CAD+95%
Credit and Collection Manager195,000 CAD+160%
Credit and Collection Staff77,000 CAD+1%
Credit and Loans Officer68,800 CAD-9%
Credit Controller133,000 CAD+75%
Credit Manager203,000 CAD+170%
Debt Adviser158,000 CAD+110%
Debt Collector78,800 CAD+4%
Debtors Clerk67,200 CAD-11%
Debtors Controller74,300 CAD-2%
Deputy CFO253,000 CAD+230%
Deputy Head of Finance265,000 CAD+250%
Derivative Trader165,000 CAD+120%
Director of Finance276,000 CAD+260%
E-commerce Accountant95,700 CAD+26%
Economist226,000 CAD+200%
Equity Analyst174,000 CAD+130%
Escrow Assistant88,900 CAD+17%
Executive Accountant114,000 CAD+50%
External Auditor135,000 CAD+78%
Finance Administrator117,000 CAD+54%
Finance Analyst182,000 CAD+140%
Finance Associate80,900 CAD+7%
Finance Data Analyst155,000 CAD+100%
Finance Director281,000 CAD+270%
Finance Executive204,000 CAD+170%
Finance Licensing Clerk70,900 CAD-7%
Finance Licensing Manager192,000 CAD+150%
Finance Licensing Specialist101,000 CAD+33%
Finance Manager273,000 CAD+260%
Finance Officer95,900 CAD+26%
Finance President293,000 CAD+290%
Finance Relationship Manager227,000 CAD+200%
Finance Release Analyst107,000 CAD+41%
Finance Specialist165,000 CAD+120%
Finance Team Leader 212,000 CAD+180%
Financial Accountant99,700 CAD+31%
Financial Actuary151,000 CAD+99%
Financial Administrator157,000 CAD+110%
Financial Advisor167,000 CAD+120%
Financial Analyst183,000 CAD+140%
Financial Applications Specialist116,000 CAD+53%
Financial Assistant76,400 CAD+1%
Financial Associate90,100 CAD+19%
Financial Claims Analyst134,000 CAD+77%
Financial Claims Manager181,000 CAD+140%
Financial Claims Supervisor155,000 CAD+100%
Financial Clerk76,200 CAD+0%
Financial Commercial Analyst140,000 CAD+85%
Financial Compliance Analyst153,000 CAD+100%
Financial Compliance Officer155,000 CAD+100%
Financial Consultant130,000 CAD+71%
Financial Controller154,000 CAD+100%
Financial Coordinator90,700 CAD+20%
Financial Customer Service Manager182,000 CAD+140%
Financial Data Scientist186,000 CAD+150%
Financial Dealer and Broker107,000 CAD+41%
Financial Director274,000 CAD+260%
Financial Encoder84,900 CAD+12%
Financial Manager274,000 CAD+260%
Financial Modelling Analyst167,000 CAD+120%
Financial Operations Manager250,000 CAD+230%
Financial Policy Analyst146,000 CAD+92%
Financial Project Manager207,000 CAD+170%
Financial Quantitative Analyst159,000 CAD+110%
Financial Reporting Consultant146,000 CAD+92%
Financial Reporting Manager180,000 CAD+140%
Financial Section Head189,000 CAD+150%
Financial Services Manager255,000 CAD+240%
Financial Services Sales Agent107,000 CAD+41%
Financial Technology Consultant149,000 CAD+96%
Financial Wellness Coach199,000 CAD+160%
FinTech Analyst171,000 CAD+130%
Fixed Assets Administrator102,000 CAD+34%
Forensic Accountant114,000 CAD+50%
Fraud Detection Supervisor114,000 CAD+50%
Fraud Prevention Manager193,000 CAD+150%
Fund Accountant92,400 CAD+22%
Grants Coordinator75,300 CAD-1%
Green Finance Analyst147,000 CAD+94%
Group Financial Manager280,000 CAD+270%
Internal Auditor132,000 CAD+74%
Internal Control Adviser145,000 CAD+91%
Internal Control Officer82,300 CAD+8%
International Tax Director227,000 CAD+200%
Inventory Accountant104,000 CAD+37%
Investment Advisor265,000 CAD+250%
Investment Analyst200,000 CAD+160%
Investment Associate166,000 CAD+120%
Investment Broker157,000 CAD+110%
Investment Fund Manager225,000 CAD+200%
Investment Operations Manager214,000 CAD+180%
Investment Underwriter79,500 CAD+5%
Investor122,000 CAD+61%
Investor Relations Manager195,000 CAD+160%
KYC Team Leader192,000 CAD+150%
Loan Processor79,200 CAD+4%
Management Accountant103,000 CAD+36%
Management Economist226,000 CAD+200%
Paymaster78,300 CAD+3%
Payroll Administrator125,000 CAD+65%
Payroll Benefits Coordinator104,000 CAD+37%
Payroll Billing Manager176,000 CAD+130%
Payroll Clerk84,800 CAD+12%
Payroll Manager182,000 CAD+140%
Payroll Officer85,700 CAD+13%
Payroll Specialist105,000 CAD+38%
Payroll Supervisor117,000 CAD+54%
Pensions Administrator103,000 CAD+36%
Personal Financial Advisor149,000 CAD+96%
Pricing Analyst165,000 CAD+120%
Private Equity Analyst169,000 CAD+120%
Project Accountant105,000 CAD+38%
Proposal Development Coordinator86,200 CAD+14%
Quantitative Trader144,000 CAD+90%
Receivables Accountant90,700 CAD+20%
Regulatory Accountant111,000 CAD+46%
Retirement Plan Analyst147,000 CAD+94%
Revenue Management Specialist157,000 CAD+110%
Revenue Recognition Analyst171,000 CAD+130%
Risk Management Director243,000 CAD+220%
Risk Management Supervisor185,000 CAD+140%
Staff Accountant94,400 CAD+24%
Tax Accountant95,100 CAD+25%
Tax Administrator102,000 CAD+34%
Tax Advisor148,000 CAD+95%
Tax Analyst151,000 CAD+99%
Tax Associate79,100 CAD+4%
Tax Consultant161,000 CAD+110%
Tax Director217,000 CAD+190%
Tax Examiner98,300 CAD+30%
Tax Manager195,000 CAD+160%
Tax Research Manager200,000 CAD+160%
Teller59,600 CAD-21%
Treasury Accountant101,000 CAD+33%
Treasury Analyst154,000 CAD+100%
Underwriter70,400 CAD-7%
Underwriting Assistant61,300 CAD-19%
Vice President of Finance253,000 CAD+230%

Salary Comparison By City

CityAverage Salary
Toronto70,700 CAD

Government vs Private Sector Salary Comparison

Where can you get paid more, working in a private company or the government? The difference between the public or government sector salaries and the private sector salaries in Canada is 4% on average across all career fields.

Private Sector
117,000 CAD
Public Sector+4%
122,000 CAD
Percentage increase and decrease are relative to the previous value

Salary Statistics and Calculation Guide

What is considered to be a good and competitive salary for the job title Accounting Assistant in Ontario?

A good and competitive compensation would range anywhere between 72,500 CAD and 83,600 CAD. This is a very rough estimate. Experience and education play a very huge part in the final earnings.

Gross Salary (before tax) and Net Salary (after tax)

All salary and compensation figures displayed here are gross salary figures, that is the salary before tax deductions. Because taxes may differ across sectors and locations, it is difficult to accurately calculate the net salary after tax for every career.

Base / Basic Salary

The base salary for a careers like Accounting Assistant in Ontario ranges from 34,900 CAD to 58,500 CAD. The base salary depends on many factors including experience and education. It is not easy to provide a figure with very little information, so take this range with a grain of salt.


What is the difference between the median and the average salary?

Both are indicators. If your salary is higher than both the average and the median then you are doing very well. If your salary is lower than both, then many people earn more than you and there is plenty of room for improvement. If your wage is between the average and the median, then things can be a bit complicated. We wrote a guide to explain all about the different scenarios. How to compare your salary


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