HOME BROWSE SALARIES BEST PAYING JOBS
Browse Salaries
Best Paying Jobs
Salary Increase Letters
Career Articles

Accounting and Finance Average Salaries in Quebec 2020

How much money does a person working in Accounting and Finance make in Quebec?


Average Yearly Salary
136,000 CAD
( 11,300 CAD monthly)

LOW
55,000
CAD
AVERAGE
136,000
CAD
HIGH
273,000
CAD

A person working in Accounting and Finance in Quebec typically earns around 136,000 CAD per year. Salaries range from 55,000 CAD (lowest average) to 273,000 CAD (highest average, actual maximum salary is higher).

This is the average yearly salary including housing, transport, and other benefits. Salaries vary drastically between different Accounting and Finance careers. If you are interested in the salary of a particular job, see below for salaries for specific job titles.

Salaries for specific jobs

Job TitleAverage Salary
Account Examiner67,000 CAD
Account Executive124,000 CAD
Accountant92,700 CAD
Accounting Assistant74,400 CAD
Accounting Associate68,500 CAD
Accounting Clerk57,500 CAD
Accounting Coordinator80,400 CAD
Accounting Manager197,000 CAD
Accounting Supervisor124,000 CAD
Accounting Technician66,500 CAD
Accounts Executive124,000 CAD
Accounts Payable and Receivable Specialist96,800 CAD
Accounts Payable Clerk70,600 CAD
Accounts Payable Manager192,000 CAD
Accounts Receivable Clerk67,000 CAD
Accounts Receivable Manager180,000 CAD
Assistant Accounting Manager177,000 CAD
Assistant Auditor94,800 CAD
Audit Supervisor173,000 CAD
Auditing Clerk74,600 CAD
Auditing Manager198,000 CAD
Billing Coordinator82,400 CAD
Billing Specialist98,300 CAD
Billing Supervisor142,000 CAD
Bookkeeper62,500 CAD
Bookkeeping Specialist90,700 CAD
Budget Analyst167,000 CAD
Budget Manager186,000 CAD
Business Support Analyst107,000 CAD
Capital Markets Associate143,000 CAD
Cash Flow Analyst140,000 CAD
Cash Management Officer112,000 CAD
Cashbook Clerk61,300 CAD
Chartered Accountant115,000 CAD
Collections Clerk55,500 CAD
Collections Specialist94,300 CAD
Corporate Treasurer177,000 CAD
Cost Accountant91,000 CAD
Cost Accounting Manager188,000 CAD
Cost Analyst155,000 CAD
Credit and Collection Manager180,000 CAD
Credit and Collection Staff68,900 CAD
Credit and Loans Officer65,100 CAD
Credit Controller134,000 CAD
Debt Adviser157,000 CAD
Debt Collector78,500 CAD
Debtors Clerk67,200 CAD
Deputy CFO260,000 CAD
Derivative Trader155,000 CAD
Escrow Assistant84,700 CAD
External Auditor136,000 CAD
Finance Associate80,600 CAD
Finance Executive207,000 CAD
Finance Licensing Clerk68,500 CAD
Finance Licensing Manager186,000 CAD
Finance Licensing Specialist97,700 CAD
Finance Officer93,000 CAD
Finance President273,000 CAD
Finance Relationship Manager214,000 CAD
Finance Release Analyst109,000 CAD
Finance Team Leader 201,000 CAD
Financial Actuary138,000 CAD
Financial Administrator161,000 CAD
Financial Analyst167,000 CAD
Financial Applications Specialist116,000 CAD
Financial Assistant76,600 CAD
Financial Associate78,500 CAD
Financial Claims Analyst125,000 CAD
Financial Claims Manager169,000 CAD
Financial Commercial Analyst137,000 CAD
Financial Compliance Analyst153,000 CAD
Financial Consultant121,000 CAD
Financial Controller155,000 CAD
Financial Coordinator89,300 CAD
Financial Customer Service Manager173,000 CAD
Financial Dealer and Broker97,700 CAD
Financial Encoder76,600 CAD
Financial Manager273,000 CAD
Financial Operations Manager230,000 CAD
Financial Policy Analyst143,000 CAD
Financial Project Manager196,000 CAD
Financial Quantitative Analyst155,000 CAD
Financial Reporting Consultant137,000 CAD
Financial Reporting Manager177,000 CAD
Financial Services Sales Agent105,000 CAD
Fixed Assets Administrator93,800 CAD
Forensic Accountant108,000 CAD
Fraud Detection Supervisor120,000 CAD
Fraud Prevention Manager184,000 CAD
Fund Accountant88,500 CAD
Grants Coordinator70,600 CAD
Internal Auditor121,000 CAD
Internal Control Adviser153,000 CAD
Internal Control Officer78,500 CAD
Inventory Accountant101,000 CAD
Investment Analyst192,000 CAD
Investment Fund Manager206,000 CAD
Investment Underwriter80,600 CAD
Investor120,000 CAD
Investor Relations Manager192,000 CAD
KYC Team Leader188,000 CAD
Management Economist222,000 CAD
Paymaster76,600 CAD
Payroll Clerk82,700 CAD
Payroll Manager178,000 CAD
Pensions Administrator101,000 CAD
Pricing Analyst161,000 CAD
Private Equity Analyst164,000 CAD
Proposal Development Coordinator84,700 CAD
Receivables Accountant87,700 CAD
Regulatory Accountant101,000 CAD
Retirement Plan Analyst155,000 CAD
Revenue Management Specialist149,000 CAD
Revenue Recognition Analyst180,000 CAD
Risk Management Director216,000 CAD
Risk Management Supervisor183,000 CAD
Tax Accountant87,500 CAD
Tax Advisor138,000 CAD
Tax Associate80,600 CAD
Tax Manager194,000 CAD
Teller53,600 CAD
Treasury Accountant99,100 CAD
Treasury Analyst153,000 CAD
Underwriter66,500 CAD
Underwriting Assistant64,100 CAD
Vice President of Finance267,000 CAD

Accounting and Finance Jobs Salary Distribution in Quebec

Median and salary distribution yearly Quebec Accounting and Finance
Share This Chart
        Get Chart Linkhttp://www.salaryexplorer.com/charts/canada/quebec/accounting-and-finance/median-and-salary-distribution-yearly-quebec-accounting-and-finance.jpg

The median, the maximum, the minimum, and the range

  • Salary Range

    Accounting and Finance salaries in Quebec range from 55,000 CAD per year (minimum average salary) to 273,000 CAD per year (maximum average salary, actual maximum is higher).

  • Median Salary

    The median salary is 136,000 CAD per year, which means that half (50%) of people working in Accounting and Finance are earning less than 136,000 CAD while the other half are earning more than 136,000 CAD. The median represents the middle salary value. Generally speaking, you would want to be on the right side of the graph with the group earning more than the median salary.

  • Percentiles

    Closely related to the median are two values: the 25th and the 75th percentiles. Reading from the salary distribution diagram, 25% of people working in Accounting and Finance are earning less than 86,000 CAD while 75% of them are earning more than 86,000 CAD. Also from the diagram, 75% of people working in Accounting and Finance are earning less than 205,000 CAD while 25% are earning more than 205,000 CAD.


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

Both are indicators. If your salary is higher than both of the average and the median then you are doing very well. If your salary is lower than both, then many people are earning 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

Salary Comparison by Years of Experience

How does a person's salary progress over time?

Salary Comparison By Experience Level
Share This Chart
        Get Chart Linkhttp://www.salaryexplorer.com/images/salary-by-experience.jpg

The experience level is the most important factor in determining the salary. Naturally the more years of experience the higher the wage.

Generally speaking, employees having experience from two to five years earn on average 32% more than freshers and juniors across all industries and disciplines.

Professionals with experience of more than five years tend to earn on average 36% more than those with five years or less of work experience.


Change in salary based on experience varies drastically from one location to another and depends hugely on the career field as well. The data displayed here is the combined average of many different jobs. To view accurate figures, choose a specific job title.

As you hit the ten years mark, the salary increases by 21% and an additional 14% for those who have crossed the 15 years mark.

Those figures are presented as guidelines only. The numbers become more significant if you consider one job title at a time.

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.

Salary Comparison By Education

How does the education level affect your salary?

Salary Comparison By Education
Share This Chart
        Get Chart Linkhttp://www.salaryexplorer.com/images/salary-comparison-by-education.jpg

It is well known that higher education equals a bigger salary, but how much more money can a degree add to your income? We compared the salaries of professionals at the same level but with different college degrees levels across many jobs, below are our findings.


Change in salary based on education varies drastically from one location to another and depends hugely on the career field as well. The data displayed here is the combined average of multiple jobs. To view accurate figures, choose a specific job title.

Workers with a certificate or diploma earn on average 17% more than their peers who only reached the high school level.

Employees who earned a Bachelor's Degree earn 24% more than those who only managed to attain a cerificate or diploma.

Professionals who attained a Master's Degree are awarded salaries that are 29% more than those with a Bachelor's Degree.

Finally, PhD holders earn 23% more than Master's Degree holders on average while doing the same job.


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 49,800 Canadian Dollar(s) to 149,000 Canadian Dollar(s) 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 into a higher paying job. The numbers seem to support this tactic. The average increase in compensation while changing jobs is approximately 10% more than the customary salary increment.

The decision really depends on your situation and experience among many other factors. Putting all variables aside, if you can afford the costs of higher education then the return on investment is definitely worth it. You should be able to recover the costs in roughly a year or so.

Accounting and Finance Salary Comparison By Gender

Salary comparison by gender yearly Canada Accounting and Finance
Share This Chart
        Get Chart Linkhttp://www.salaryexplorer.com/charts/canada/accounting-and-finance/salary-comparison-by-gender-yearly-canada-accounting-and-finance.jpg

Though gender should not have an effect on pay, in reality, it does. So who gets paid more: men or women? Male employees in Canada who work in Accounting and Finance earn 5% more than their female counterparts on average.

Male
126,000 CAD
Female-5%
120,000 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
Share This Chart
        Get Chart Linkhttp://www.salaryexplorer.com/charts/canada/salary-comparison-by-gender-yearly-canada.jpg

Accounting and Finance Average Annual Salary Increment Percentage in Canada

How much are annual salary increments in Canada for Accounting and Finance professionals? How often do employees get salary raises?

Accounting and Finance

Accounting and Finance professionals in Canada are likely to observe a salary increase of approximately 11% every 13 months. The national average annual increment for all professions combined is 9% granted to employees every 15 months.

Annual Salary Increment Rate Canada Accounting and Finance
Share This Chart
        Get Chart Linkhttp://www.salaryexplorer.com/charts/canada/accounting-and-finance/annual-salary-increment-rate-canada-accounting-and-finance.jpg


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

The term 'Annual Salary Increase' usually refers to the increase in 12 calendar month period, but because it is rarely 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%.

Annual Increment Rate By Industry 2019

Banking
2%
Energy
4%
Information Technology
6%
Healthcare
8%
Travel
1%
Construction
3%
Education
5%

Listed above are the average annual increase rates for each industry in Canada for the year 2019. Companies within thriving industries tend to provide higher and more frequent raises. Exceptions do exist, but generally speaking, the situation of any company is closely related to the economic situation in the country or region. These figures tend to change frequently.


Worldwide Salary Raises: All Countries and All Jobs

Share This Chart
        Get Chart Linkhttp://www.salaryexplorer.com/images/salary-increment-world.jpg

Accounting and Finance Bonus and Incentive Rates in Canada

How much and how often are bonuses being awarded?Annual Salary Bonus Rate Canada Accounting and Finance
Share This Chart
        Get Chart Linkhttp://www.salaryexplorer.com/charts/canada/accounting-and-finance/annual-salary-bonus-rate-canada-accounting-and-finance.jpg

Accounting and Finance is considered to be a high bonus-based field due to the generally limited involvement in direct revenue generation, with exceptions of course. The people who get the highest bonuses are usually somehow involved in the revenue generation cycle.

17% of surveyed staff in Accounting and Finance reported that they haven't received any bonuses or incentives in the previous year while 83% said that they received at least one form of monetary bonus.

Those who got bonuses reported rates ranging from 5% to 9% of their annual salary.

Received Bonus
83%
No Bonus
17%

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.

Accounting and Finance Hourly Average Wage in Quebec


65 CAD per hour

The average hourly wage (pay per hour) in Quebec is 65 CAD. This means that the average person in Quebec earns approximately 65 CAD for every worked hour.


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

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 fix 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.

Accounting and Finance VS Other Jobs

Salary Comparison Between Accounting and Finance and Accounting and Finance yearly Quebec
Share This Chart
        Get Chart Linkhttp://www.salaryexplorer.com/charts/canada/quebec/accounting-and-finance/salary-comparison-between-accounting-and-finance-and-accounting-and-finance-yearly-quebec.jpg

The average salary for Accounting and Finance is 3% more than that of All Jobs.

Quebec VS Canada

Salary Comparison Between Quebec and Canada yearly Accounting and Finance
Share This Chart
        Get Chart Linkhttp://www.salaryexplorer.com/charts/canada/quebec/accounting-and-finance/salary-comparison-between-quebec-and-canada-yearly-accounting-and-finance.jpg
We compared Accounting and Finance salaries in Quebec and Canada and we found that Quebec salaries are 11% more than those of Canada.

Salary Comparison By City

CityAverage Salary
Gatineau119,000 CAD
Montreal138,000 CAD
Quebec130,000 CAD

Government vs Private Sector Salary Comparison

Where can you get paid more, working for a private company or for the government? Public sector employees in Canada earn 4% more than their private sector counterparts on average across all sectors.

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

Browse Salaries

Salary Increase Letters

Best Paying Jobs
HomePrivacy PolicySalary Comparison

©Salary Explorer 2020