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Chartered Accountant Average Salary in Canada 2024

How much money does a person working as Chartered Accountant make in Canada?


Average Yearly Salary
104,000 CAD
( 8,660 CAD monthly)

LOW
51,900
CAD
AVERAGE
104,000
CAD
HIGH
161,000
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 Chartered Accountant in Canada typically earns around 104,000 CAD. Salaries range from 51,900 CAD (lowest) to 161,000 CAD (highest).


Salary Variance

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



Chartered Accountant Pay Scale and Salaries in Canada

Median and salary distribution Canada Chartered Accountant yearly
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Salary Structure and Pay Scale Comparison

5% of people earn
95,600 CAD or more
10% of people earn
84,700 to 95,600 CAD
20% of people earn
60,700 CAD or less
65% of people earn
60,700 to 84,700 CAD
Minimum Salary
51,900 CAD
Median
96,100 CAD
Maximum
161,000 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 Chartered Accountant in Canada range from 51,900 CAD (starting salary) to 161,000 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 96,100 CAD, half of the professionals who work as Chartered Accountant in Canada 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 Chartered Accountant in Canada earn less than 79,000 CAD, while 75% earn more. Similarly, the chart shows that 75% earn less than 110,000 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 Chartered Accountant in Canada compared to simply calculating the average. The majority of reported salaries, approximately 65%, fall within the range of 60,700 CAD to 84,700 CAD. About 20% of salaries are below the 60,700 CAD mark, while 10% fall within the range of 84,700 CAD to 95,600 CAD. Only 5% of individuals have salaries exceeding 95,600 CAD.

Salary Comparison by Years of Experience / Chartered Accountant / Canada

How do experience and age affect pay?

0 - 2 Years
62,300 CAD
2 - 5 Years+32%
82,500 CAD
5 - 10 Years+34%
110,000 CAD
10 - 15 Years+19%
132,000 CAD
15 - 20 Years+8%
142,000 CAD
20+ Years+7%
152,000 CAD
Percentage increase and decrease are relative to the previous value
Salary comparison by years of experience yearly Canada Chartered Accountant
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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 Chartered Accountant 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 62,300 CAD.

While someone with an experience level between two and five years is expected to earn 82,500 CAD, 32% more than someone with less than two year's experience.

Moving forward, an experience level between five and ten years lands a salary of 110,000 CAD, 34% 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 132,000 CAD, 19% 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 142,000 CAD, 8% more than someone with ten to fifteen years of experience.

Lastly, employees with more than twenty years of professional experience get a salary of 152,000 CAD, 7% 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 / Chartered Accountant / Canada

How do education levels affect salaries?

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

Certificate or Diploma
82,500 CAD
Bachelor's Degree+37%
113,000 CAD
Master's Degree+29%
146,000 CAD
Percentage increase and decrease are relative to the previous value
Salary comparison by education level yearly Canada Chartered Accountant
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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 Chartered Accountant in order to make a comparison.


Level 1: Certificate or Diploma

Employees at this education level have an average salary of 82,500 CAD.


Level 2: Bachelor's Degree

At this level, the average salary becomes 113,000 CAD, 37% more than the previous level.


Level 3: Master's Degree

At this level, the average salary becomes 146,000 CAD, 29% 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 / Chartered Accountant / Canada

Salary comparison by gender Canada Chartered Accountant 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 Chartered Accountant in Canada, the average difference between the salary of male and female employees is 4%.

Male
106,000 CAD
Female-4%
102,000 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
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Average Annual Salary Increment Percentage / Chartered Accountant / Canada

How much are annual salary increments in Canada for individuals working as Chartered Accountant? How often do employees get salary raises?

Individuals working as Chartered Accountant in Canada are likely to observe a salary increase of approximately 12% every 15 months. The national average annual increment for all professions combined is 9% granted to employees every 15 months.

Annual Salary Increment Rate Canada Chartered Accountant
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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 / Chartered Accountant / Canada

How much and how often are bonuses being awarded?Annual Salary Bonus Rate Canada Chartered Accountant
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43% of surveyed staff reported that they haven't received any bonuses or incentives in the previous year while 57% said that they received at least one form of monetary bonus.

Those who got bonuses reported rates ranging from 3% to 6% of their annual salary.

Received Bonus
57%
No Bonus
43%

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 / Chartered Accountant / Canada


50 CAD per hour

The average hourly wage (pay per hour) for individuals working as Chartered Accountant in Canada is 50 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 Chartered Accountant in Canada is 25 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 Examiner60,900 CAD-41%
Account Executive108,000 CAD+4%
Accountant80,700 CAD-22%
Accounting Analyst106,000 CAD+2%
Accounting Assistant65,600 CAD-37%
Accounting Associate63,500 CAD-39%
Accounting Clerk51,300 CAD-51%
Accounting Coordinator73,000 CAD-30%
Accounting Head170,000 CAD+64%
Accounting Manager178,000 CAD+71%
Accounting Officer60,100 CAD-42%
Accounting Specialist114,000 CAD+10%
Accounting Supervisor119,000 CAD+15%
Accounting Technician59,300 CAD-43%
Accounting Unit Controller136,000 CAD+31%
Accounts Executive111,000 CAD+7%
Accounts Officer68,600 CAD-34%
Accounts Payable and Receivable Specialist87,300 CAD-16%
Accounts Payable Assistant66,300 CAD-36%
Accounts Payable Associate75,500 CAD-27%
Accounts Payable Clerk64,600 CAD-38%
Accounts Payable Manager161,000 CAD+55%
Accounts Receivable Administrator118,000 CAD+14%
Accounts Receivable Clerk63,100 CAD-39%
Accounts Receivable Financial Analyst115,000 CAD+11%
Accounts Receivable Manager171,000 CAD+65%
Accounts Receivable Team Leader124,000 CAD+19%
Algorithmic Trading Specialist151,000 CAD+45%
Assistant Accountant62,500 CAD-40%
Assistant Accounting Manager166,000 CAD+60%
Assistant Auditor80,700 CAD-22%
Assistant Corporate Controller112,000 CAD+8%
Assistant Finance Manager181,000 CAD+74%
Assistant Financial Controller119,000 CAD+15%
Audit Director193,000 CAD+86%
Audit Supervisor159,000 CAD+53%
Auditing Clerk68,600 CAD-34%
Auditing Manager173,000 CAD+67%
Billing Clerk61,700 CAD-41%
Billing Coordinator76,600 CAD-26%
Billing Specialist86,000 CAD-17%
Billing Supervisor129,000 CAD+24%
Bookkeeper57,700 CAD-44%
Bookkeeping Specialist80,800 CAD-22%
Budget Analyst142,000 CAD+37%
Budget Manager176,000 CAD+69%
Business Support Analyst91,000 CAD-12%
Capital Markets Associate129,000 CAD+24%
Cash Flow Analyst134,000 CAD+29%
Cash Management Manager165,000 CAD+59%
Cash Management Officer99,500 CAD-4%
Cashbook Clerk58,600 CAD-44%
Chartered Accountant104,000 CAD+0%
Chief Accountant124,000 CAD+19%
Chief Financial Technology Officer171,000 CAD+65%
Collections Clerk54,600 CAD-47%
Collections Representative73,500 CAD-29%
Collections Specialist82,200 CAD-21%
Corporate Controller132,000 CAD+27%
Corporate Treasurer154,000 CAD+48%
Cost Accountant82,900 CAD-20%
Cost Accounting Manager167,000 CAD+61%
Cost Accounting Supervisor142,000 CAD+37%
Cost Analyst139,000 CAD+34%
Credit and Collection Manager171,000 CAD+65%
Credit and Collection Staff64,900 CAD-38%
Credit and Loans Officer59,100 CAD-43%
Credit Controller122,000 CAD+17%
Credit Manager177,000 CAD+70%
Debt Adviser137,000 CAD+32%
Debt Collector69,500 CAD-33%
Debtors Clerk58,000 CAD-44%
Debtors Controller60,100 CAD-42%
Deputy CFO229,000 CAD+120%
Deputy Head of Finance223,000 CAD+110%
Derivative Trader148,000 CAD+42%
Director of Finance241,000 CAD+130%
E-commerce Accountant84,900 CAD-18%
Economist192,000 CAD+85%
Equity Analyst144,000 CAD+39%
Escrow Assistant78,800 CAD-24%
Executive Accountant97,900 CAD-6%
External Auditor121,000 CAD+16%
Finance Administrator96,800 CAD-7%
Finance Analyst156,000 CAD+50%
Finance Associate75,000 CAD-28%
Finance Data Analyst137,000 CAD+32%
Finance Director239,000 CAD+130%
Finance Executive184,000 CAD+77%
Finance Licensing Clerk64,000 CAD-38%
Finance Licensing Manager159,000 CAD+53%
Finance Licensing Specialist93,800 CAD-10%
Finance Manager236,000 CAD+130%
Finance Officer79,700 CAD-23%
Finance President256,000 CAD+150%
Finance Relationship Manager202,000 CAD+94%
Finance Release Analyst101,000 CAD-3%
Finance Specialist145,000 CAD+40%
Finance Team Leader 183,000 CAD+76%
Financial Accountant80,700 CAD-22%
Financial Actuary127,000 CAD+22%
Financial Administrator147,000 CAD+41%
Financial Advisor149,000 CAD+43%
Financial Analyst160,000 CAD+54%
Financial Applications Specialist105,000 CAD+1%
Financial Assistant70,500 CAD-32%
Financial Associate81,500 CAD-22%
Financial Claims Analyst114,000 CAD+10%
Financial Claims Manager157,000 CAD+51%
Financial Claims Supervisor137,000 CAD+32%
Financial Clerk67,100 CAD-35%
Financial Commercial Analyst119,000 CAD+15%
Financial Compliance Analyst141,000 CAD+36%
Financial Compliance Officer139,000 CAD+34%
Financial Consultant109,000 CAD+5%
Financial Controller137,000 CAD+32%
Financial Coordinator76,800 CAD-26%
Financial Customer Service Manager161,000 CAD+55%
Financial Data Scientist154,000 CAD+48%
Financial Dealer and Broker92,400 CAD-11%
Financial Director253,000 CAD+140%
Financial Encoder68,700 CAD-34%
Financial Manager241,000 CAD+130%
Financial Modelling Analyst155,000 CAD+49%
Financial Operations Manager223,000 CAD+110%
Financial Policy Analyst133,000 CAD+28%
Financial Project Manager173,000 CAD+67%
Financial Quantitative Analyst142,000 CAD+37%
Financial Reporting Consultant124,000 CAD+19%
Financial Reporting Manager164,000 CAD+58%
Financial Section Head159,000 CAD+53%
Financial Services Manager206,000 CAD+98%
Financial Services Sales Agent88,900 CAD-14%
Financial Technology Consultant127,000 CAD+22%
Financial Wellness Coach172,000 CAD+66%
FinTech Analyst150,000 CAD+44%
Fixed Assets Administrator91,200 CAD-12%
Forensic Accountant102,000 CAD-2%
Fraud Detection Supervisor102,000 CAD-2%
Fraud Prevention Manager176,000 CAD+69%
Fund Accountant77,400 CAD-26%
Grants Coordinator65,400 CAD-37%
Green Finance Analyst125,000 CAD+20%
Group Financial Manager244,000 CAD+130%
Internal Auditor109,000 CAD+5%
Internal Control Adviser131,000 CAD+26%
Internal Control Officer75,100 CAD-28%
International Tax Director199,000 CAD+92%
Inventory Accountant86,800 CAD-16%
Investment Advisor225,000 CAD+120%
Investment Analyst173,000 CAD+67%
Investment Associate140,000 CAD+35%
Investment Broker138,000 CAD+33%
Investment Fund Manager193,000 CAD+86%
Investment Operations Manager191,000 CAD+84%
Investment Underwriter69,000 CAD-34%
Investor111,000 CAD+7%
Investor Relations Manager162,000 CAD+56%
KYC Team Leader166,000 CAD+60%
Loan Processor69,500 CAD-33%
Management Accountant92,000 CAD-11%
Management Economist188,000 CAD+81%
Paymaster66,600 CAD-36%
Payroll Administrator107,000 CAD+3%
Payroll Benefits Coordinator92,500 CAD-11%
Payroll Billing Manager159,000 CAD+53%
Payroll Clerk73,700 CAD-29%
Payroll Manager160,000 CAD+54%
Payroll Officer71,100 CAD-32%
Payroll Specialist88,400 CAD-15%
Payroll Supervisor105,000 CAD+1%
Pensions Administrator85,500 CAD-18%
Personal Financial Advisor122,000 CAD+17%
Pricing Analyst145,000 CAD+40%
Private Equity Analyst148,000 CAD+42%
Project Accountant91,100 CAD-12%
Proposal Development Coordinator71,800 CAD-31%
Quantitative Trader122,000 CAD+17%
Receivables Accountant81,900 CAD-21%
Regulatory Accountant96,800 CAD-7%
Retirement Plan Analyst132,000 CAD+27%
Revenue Management Specialist143,000 CAD+38%
Revenue Recognition Analyst157,000 CAD+51%
Risk Management Director209,000 CAD+100%
Risk Management Supervisor161,000 CAD+55%
Staff Accountant79,500 CAD-23%
Tax Accountant79,800 CAD-23%
Tax Administrator94,000 CAD-10%
Tax Advisor125,000 CAD+20%
Tax Analyst130,000 CAD+25%
Tax Associate74,400 CAD-28%
Tax Consultant140,000 CAD+35%
Tax Director191,000 CAD+84%
Tax Examiner89,800 CAD-14%
Tax Manager173,000 CAD+67%
Tax Research Manager180,000 CAD+73%
Teller49,300 CAD-53%
Treasury Accountant88,500 CAD-15%
Treasury Analyst146,000 CAD+41%
Underwriter58,800 CAD-43%
Underwriting Assistant57,400 CAD-45%
Vice President of Finance228,000 CAD+120%

Salary Comparison By City

CityAverage Salary
Montreal121,000 CAD
Toronto124,000 CAD

Salary Comparison By State

StateAverage Salary
Alberta113,000 CAD
British Columbia124,000 CAD
Manitoba114,000 CAD
New Brunswick99,700 CAD
Newfoundland-Labrador100,000 CAD
Northwest Territories113,000 CAD
Nova Scotia98,900 CAD
Nunavut112,000 CAD
Ontario123,000 CAD
Prince Edward Island97,500 CAD
Quebec115,000 CAD
Saskatchewan103,000 CAD
Yukon97,000 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 Chartered Accountant in Canada?

A good and competitive compensation would range anywhere between 96,100 CAD and 110,000 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 Chartered Accountant in Canada ranges from 51,900 CAD to 79,000 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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