Accounting Courses in Canada: Top Universities, Fees, Requirements, Eligibility & Scholarships

Accounting courses in Canada provide a pathway to a stable career. Tuition fees vary: for instance, the University of Toronto charges approximately CAD 20,000 (₹12.5 lakh) per year for international students. Graduates can expect salaries ranging from CAD 50,000 to CAD 80,000 (₹31 lakh to ₹50 lakh) annually, depending on experience and location. 

Business schools in Canada provide accounting degrees to students, teaching them how to record financial transactions, classify financial information, audit it, and summarize it in financial reports and analyses.

Nowadays, organizations use business science information to assess their financial health and profitability. This business science information is provided by accounting and finance degrees. 

There are many reasons why Canada is one of the most well-liked study destinations for accounting courses in the world. The duration of the course depends on the type of degree program. Canada greatly emphasizes luring international students who can subsequently immigrate and is highly regarded for the caliber of its colleges. 

Accounting courses are one of the most robust courses in Canada. The average fee for these courses is $10,000 to $25,000. This profession helps you get a high living standard and a flexible learning environment. Students are divided into smaller groups into classes to ensure that each student receives the attention they require and promotes group projects and discussions.

Why Study Accounting Courses in Canada?

The following are the reasons to study accounting courses in Canada:

1. Good salary:

The annual study states that new accountants can expect to make between $4,000 and $88,000 annually. The pay range for managerial roles is $78,000 to $112,000 per year.

2. Better employment prospects:

Government Bank in Canada estimates that an additional 75,000 accountants will be required for the upcoming openings. Employment of auditors and accountants is projected to grow 6 percent from 2021 to 2031.

There is a lot of employment in the accounting and finance sectors in Canada. A high job requirement for accountants in Canada's provinces and territories means studying accounting there will significantly expand your job options.

Accounting Courses in Canada: Highlights

Accountants produce, distribute, and assess financial data, which is helpful for organizations as well as universities. You will learn about numerous information technologies, be exposed to conceptual challenges, get professional experience, and receive the technical training needed to work as a beginning accountant in these programs. You will do formal presentations, live projects, group projects, and other case studies throughout your degree program.

Best Universities for Accounting Courses in Canada

The accounting profession offers a variety of specializations and is essential to many organizations, including banks, governments, and financial institutions. One needs a high aptitude for statistics and the capacity to evaluate, contrast, and comprehend data to pursue a career in the field of Accounting.

Canada is the best country in the world to study accounting because there are so many job prospects, scholarship chances, and top-notch educational institutions there. You can find employment in Canada and abroad with a degree from a prestigious Canadian university.

The universities in Canada that provide outstanding accounting programs are listed below.

Level of Study

The different levels in which the accounting courses are offered are as follows:

Bachelor of Accounting:

Every college has its own requirements for the Bachelor in Accounting course, and it is essential to fulfill the required criteria. Here is what you must know.

• Courses offered at the level:

1. Banking
2. Analytics

• Eligibility criteria:

1. All candidates must have completed at least 12 years of formal education and will have all the required documents. The completion of 10 2 must be verified.
2. The main subjects are Mathematics and English because, in the accounting sector, you should be proficient in these two subjects.
3. For overseas students, it's crucial to obtain the minimum TOEFL, IELTS, and other exam scores required by the university. To demonstrate your command of the English language, you must do this.
4. A high overall academic record is a crucial requirement for enrollment in accounting courses. The main requirement is that the student must have proficiency in mathematics as their primary subject.

Masters of Accounting:

Having a Bachelor's degree is good, but if you get a Masters's degree, it will be an outstanding achievement for your portfolio and future employment. A graduate-level business degree is a master's in accounting, and it discusses the foundational ideas of accounting and practical applications for these ideas. It aids students in acquiring the abilities and information necessary to pass the Certified Public Accountant exam. This test is necessary to pass in order to receive the certification needed to work as a CPA in the business world. Students with degrees from Canadian institutions are qualified for various jobs in large corporations and even have the option to launch their own businesses. They also get the ability to obtain high-level positions like COO, CFO, or CEO of a company.

Courses offered at the level:

1. Advanced Auditing
2. Case Studies in Accounting

Eligibility criteria:

1. The applicants must hold a bachelor's degree with a minimum cumulative GPA of 65% in accounting or a related field from an accredited university.
2. To ensure they can understand the course's English curriculum, international applicants must provide confirmation of their language proficiency.

Scholarships and Financial Aid for Accounting Courses in Canada

The following are the scholarships for accounting courses in Canada:

Career Opportunities after Accounting Courses in Canada:

There is a vast scope for job roles in accountant courses in Canada. Let's have a look at some of the job roles in Canada:

Financial Auditor: 

They verify accuracy and adherence to accepted accounting rules and practices. Financial auditors examine and evaluate individuals' and organizations' accounting and financial records.

• Examine and evaluate all the accounting and financial records, documents, and individual analysis departments within organizations, businesses, or other establishments to ensure accurate financial recording and compliance with established accounting standards, procedures, and internal controls.
• Prepare thorough reports on audit findings and offer suggestions for bettering a person's or organization's accounting and management procedures.
• Conduct field audits of companies to check for adherence to the Canadian Business Corporations Act, the Income Tax Act, or other regulatory requirements.

Average Salary - C$58,529/year

Accountant: 

Accountants design, coordinate, and manage accounting systems for both individuals and businesses. They work for public-sector accounting and auditing divisions as well as private-sector accounting and auditing businesses, or they may be independent contractors. Their responsibilities include

• Plan, implement, and maintain accounting systems, as well as prepare financial data for individuals, organizational departments, enterprises, and other facilities.
• Review accounting records, and create financial reports and statements
• Create and manage procedures for cost determination, reporting, and internal control
• Examine financial accounts and records, have a proper database of past entries, and use accounting records to produce income tax returns.
• Provide financial, business, and tax advice after analyzing financial data and reports.
• May oversee and train interns, other accountants, or administrative support staff and get used to the latest technologies in the field of accounting.

Average Salary - C$54,397