Cpa ontario reddit salary. 18 votes, 40 comments.

Cpa ontario reddit salary You can do these modules either online or through a school's Masters' or Graduate Diploma programs. Both of these reports are very organized and show information by city, province and industry. Recently got my Canadian CPA and am yet to see the benefits. I think my boss is slightly underpaid given experience and CPA licensure. Emphasis mine. After roughly 4. (Stressed out) Grade 11 Ontario student here, considering different pathways in business, as I am a very left-brained, detail-oriented person. 6 more classes until I'm eligible to sit for the CPA exam, but I got a liberal arts degree so I had to take like 20-21 classes in total, I'm 70% of the way there, woooooh!!!!! Are you sure the courses you've already taken would still be recognized? Most universities have a 2-5year rule for transferring credits. I was in the first year of new program so dont know how it has changed but I you might not have to take some of the elective courses. 25 hours per week. CPA here - there are a variety of ways to acheive the designation, CPA canada has an insane amount of free resources that you can find online around the process. Waterloo AFM grads average salary would be really low since anyone can technically be an accountant but the program allows you to achieve a CPA designation in the next 1-2 years and with a CPA your base salary jumps significantly. I was going to leave in the the new year but got pregnant so going to see after my mat leave lol That said, if you can’t get a better grad job B4 + doing CPA for 3 years is okay and then just hop to something better post-CPA. 2. you should be proud of everything you've achieved, and im sure your family is proud of u too! Posted by u/[Deleted Account] - 1 vote and 6 comments Chartered Professional Accountant (CPA) is the current accounting designation and all the previous legacy subgroups of accountants have been merged under the CPA umbrella. 2% for Finance to 89. Even assuming 10% raise a year it’s not pretty relative to the USA but, that’s Canada. So this year I'm going to get about ~$176k in TC (excluding stock options because those takes years to vest). You need to choose your electives based on your intended professional path. I will add more to this list in the future. CPA Ontario just sent me an email stating that Winter semester exams will be held in person. That puts my salary all in a close to 150K now. I am giving my Canadian CPA Exam for the third time (CFE) after which I will be kicked out of the CPA if I fail. I have correspondence of them lying to and ignoring me. Non cpa vs cpa accountants salary and demand now and in the future in Ontario ? What are the current salary rates in Ontario Canada for Assistant store manager Starting in Toronto is 60k, starting in Vancouver is 55-60k, starting in mid cities (Ontario) is like 55k. Tags: Certification, Accounts, Tax, Study, Help, Group Hi, I am looking to hear from people who worked/ work at Brookfield Asset Management/ Brookfield Renewable in one of thier CPA roles. Average CPA Salary in 2024 is over Yes. I was hoping for hotel rooms again for the CFE but looks like they are trying to go “pre-pandemic”… The CPA PEP is basically 6 courses (modules) that you have to complete in order to write your CFE (the huge exam at the end). The median salary of a CPA in Ontario is $130,000. The salary (with commission) is likely much much higher then the base pay. The incompetence just shows. As someone who has been in public for 11 years, 6 at B4, there is not anywhere near that level of difference between B4 salary and everywhere else. Nor are they lower than other professions in Canada. The program culminates with the CFE which is the final exam: CPA Professional Education Program (CPA PEP) (cpacanada. While the above section analyzes CPAs in Toronto as a whole it is important to understand how long it will take to arrive at the median $151K annual salary or earnings mentioned above. Keep in mind this number includes entry-level CPAs, top-earners and everyone in between. 55 to 60 is a good starting salary at a larger firm in Austin, true. Good companies will pay/reimburse CPA fees as well, and give raises if/when you pass. We also per like $1,400 per course in the cpa program. Once you have all the prerequisites you enter CPA PEP which consists of 6 modules. OSAP Q&A subreddit The Ontario Student Assistance Program ( OSAP ) is a financial aid program that can help you pay for college or university. They also mentioned that vaccinations may be required depending on public health guidelines. Reply reply Meanwhile everyone on reddit is tall, handsome, fratty and cool, starting at $80k minimum and hitting $200k within 10 years. CPA canada charges students $678 for annual student membership. A CPA is just a certification, its up to you what you wanna do with it. 18 votes, 40 comments. true. Hopefully that give you a good idea. Which is why I ask. It doesn't make sense why people want to work at CPA Ontario Practical Experience Requirement for Someone Who Has No Accounting/Business Experience I graduated with bcomm 10 years ago but never pursue any profession related to business/accounting. Usually see Ontario accountants on this subreddit complaining about low salaries are, but median $130,000 does seem too bad. I took the prep courses thru cpa and university. $260k doesn’t seem that low to me since there are a lot of smaller firms with partners who are affluent but not insanely wealthy. (sorry if this seems like a dumb question) Is the average salary for a cpa REALLY 265,000? Thanks. 47. This is based on actual data from actual CPAs, so not inflated like what you see in those 'salary guides' posted by recruiting firms. The median salary (2017, nationwide) for members <3 years post-designation experience was $71K. Tip: If you really want to re-enrol, make sure you force the issue about getting as many Level 1s on entry. Don't believe me? Go look on Big 4 salary transparency. After graduating I did a transcript assessment with CPA Ontario. The fee is just too high. CPA Ontario claims average salary is $147k and $107k median however I have serious doubts about these figures' validity. It looks to be a sales job that requires a CPA, so likely some type of accounting technical sales person is required for it. Thanks. It seems to me in Canada these big industry firms provide similar perks without crazy hours and higher salaries. 23 votes, 12 comments. CPA Ontario refuses to give me the designation after over 8 years. Lots of tech and finance subs have these threads and it seems to help people a lot. AFAIK it's common for a company to pay for all CPA costs if you don't leave them high and dry. Onsalary. Posted by u/SpottieOttieDopa - 6 votes and 20 comments Thanks for the response - give me some hope of smooth sailing. Even then, I think there's a time limit on CPA Ontario accepting credit for you having completed those courses which I think is 8 or 10 years (off the top of my head) which I think you also risk not meeting the timeframe for. You can search for complimentary in the PD portal and look out for emails from CPAO advertising such free webinars. Tags: Certification, Accounts, Tax, Study, Help, Group This is a commission based sales job, with a 50k base salary. Learn about salaries, benefits, salary satisfaction, and where you could earn the most. 7. For sure, uni courses are more well paced given same amount of materials but over 3 months time. I noticed that the averages there coincide with the salaries that I see in real life. (PREP) - CPA Preparatiry Courses (PEP) - CPA Professional Education Program You have to write core 1,2, Capstone 1 and 2, CFE and electives. 61 votes, 50 comments. CPA Ontario states that the median starting salary for a CPAs (at time of designation) is $86K, the median salary for all CPAs is $135K and $180K for those with more than 25 years of experience. Accounting you grind a fair bit early on if you go the standard B4 route, but you can exit to industry 2. It focuses on High Earners, defined as individuals in the top 10% income bracket (earning over $146,000 pre-tax individually, as per 2023 ABS statistics). what salary should I seek for next job? My experience is building accounting departments to be audit ready. Just got accepted by CPAO and it says I’ve to complete 12 PREP courses. Upon completion of those, I moved forward to the PEP program, and surprisingly, passed the Sept 2021 CFE. 9, may be appealed by the individual or student to the CPA Ontario Admission and Registration Committee. like wtf). You should be able to find it online. 5 years in public (I wasn't a CA so I never did audit), I've made a pivot to tax and now work in industry in a tax job and couldn't be any more The "wildly conflicting" range of 70k to 100k is pretty accurate. Engineering is generally a higher starting salary, but if you’re not in software you often stall out a bit faster. Their 'senior staff' show minimal regard for the law and basic human decency. In terms of program requirements, you are 25, so assuming you want to get your CPA, if I remember correctly, you'll need a business degree. Manager in industry = 100k base, bonus and RSU are dependent on industry. Out go over 100,000 members over 20,000 students. Auditor for crown corporation out west. A better way to compare programs is average salaries after 5 years but universities don't have access to that data. Canadian CPA Board (CPA Ontario I’m talking, can’t speak for other provinces), is probably the worst organization I had the pleasure to deal with. In the CPA Reviews tab, click "Request CPA Review". Speaking from an industry perspective, the ones stuck at 70k will be the quants who get trapped in the technical side of accounting, while the higher earners will have a broader range of skills, can think from a "bigger picture" perspective, and have better-refined communication, management, and strategy skills, and the Hey guys, I'm currently an accountant in Luxembourg, I just graduated from college last year. r/AusHENRY is an Australian counterpart to r/HENRYfinance, aligned with the Financial Independence Retire Early (FIRE) movement. CPA Ontario actually does a breakdown on these numbers in their survey. ca) You'll also need to complete CPA PERT, which is the experience requirement to become a CPA: CPA practical experience requirements (cpacanada. Here is a list of where to get Free CPD credits for members of CPA Ontario. Our total fees for the cpa program gets to be 3 times compared to the US. For a CPA from the 2017 CPA Professional Compensation Report Also: In Census Metropolitan Areas (CMAs) with over 100 members reporting, the highest median compensation can be found among CPA members residing in Calgary, Toronto, and Edmonton, with medians of $133K, $118K, and $116K respectively. 4 or s. 50k + OT -> 70k + OT (2nd year with no prior experience, passed 1 cpa exam out of 4) Bonus is depending on performance evaluated in January. Hey man, i'm from Ontario and I'm currently finishing up my last CPA PREP class. Get the Reddit app Scan this QR code to download the app now CPA Ontario PERT . Okay so yes so you either have two options - either you get your credit hours from CPA PREP or from courses from an individual university. Accounting isn't worth it in canada. I feel like I’ve hit the ceiling now and would like to obtain… Welcome to our wonderful accounting professional body. 00) receive a T2202 for the exam registration fee? I only ask because its sometimes vague what qualifies as an "administrative expense" which CPA Ontario has already stated is not tax deductible versus what actually qualifies as eligible tuition fees. 5 years in for something fairly chill with 6 figures total comp CFA is very highly regarded, imo much more highly regarded than CPA in finance. 5 years experience. Huge difference between the two. 22 votes, 12 comments. I took IF2 and IMA through CPA Canada (Ontario student). Got CPA for over a year now $85k, 10% bonus, 3 weeks of PTO 7 years experience GTA, Ontario Hybrid - 3 days in office Wanted at least $100k and more remote (like max 2 days in office). Sometimes it pays to play the long game at one company. I was thinking big 4 allows you to move up the ranks faster at the cost of having lower salary. My last boss was at 160/170k with 25/30 years experience with CPA and masters degree. CPA is different because there is a CPA accountant pay range and a none CPA accountant pay range. The second image is from a Randstad salary guide for Canada by job title. They are my only 2 courses remaining to complete the CPA Pre-reqs and get enrolled in CPA school. Been receiving this ad on social media lately. Are you able to afford a house with an accounting salary in 2024? upvotes Last 2 years as a controller in NYC. Posted by u/lavenderclosets - 1 vote and 3 comments "It depends" - It took over 12 weeks for CPA Alberta to process mine and when I started trying to get answers on why it was taking so long I got some snarky emails back stating they have 180 days per the provincial legislation. The BA II Plus is the one issued for exams in Ontario, so get that. Basically from yr 1-yr5 with a mix of public accounting and industry you can hit 135k all-in. The pace of cpa prep is intense, but give u a good idea what to expect in pep. I’m taking these courses with CPA Ontario. Anymore is either partner, senior, or even a controller at a large company. It's not bad. hey OP, don't compare yourself to others, you've came a long way battling all your disorders, graduating and landing a big4 job and improving your familys financial situation. You can also read the CPA Pivot Magazines emailed to you monthly for unverified CPD as informal reading of publications for non-research purposes. So an intermediate is making the same as a junior. CPA Canada and the provinces publish pretty detailed salary reports, you should check them out. profit share check. Latter makes 50k while former is likely in a senior/management role making 75-90k. 732K subscribers in the Accounting community. Apr 30, 2023 · Most Toronto CPAs will earn somewhere between $113K and $226K annually, as evidenced by the median salary or earnings of $151K per annum. I know they have 4 semesters each and each course takes 6 weeks plus a week for exams. It is trying to pull some sort of power move over the… Posted by u/shakalac - 15 votes and 16 comments 173 votes, 180 comments. If you are not in one of those CPA related fields, no one will pay you more because you have a CPA. The legacy CAs are still allowed to use their designation so they all continue to use it as a badge of honour to standout, but today CA basically only means that you obtained Support salaries - as a software company, even support roles have a technical or engineering background - start around $60-$70K (plus bonus). com,it states that the average salary for a CPA is 265,000 . However EY is adjusting salaries in August Recommended topics CPA loves to test on in Core 1 (so learn to look them up and find the criteria): Revenue recognition, leases, expense or capitalize, inventory, contingencies, goodwill and intangibles, impairment, PP&E, non-monetary transactions, and related party transactions. i have friends in the big 4 with cpa and their starting salary was not good but now they make so so much more. Just three years post-designation, the median salary is over $90,000. I haven't even got the title change/CPA promotion I'll get once I pass and become a CPA. Welcome to our wonderful accounting professional body. Even CPA Ontario or CPA Alberta is obliged to grant you 12 months of Level 1 experience in the specific technical sub-competencies you've obtained. Aug 20, 2024 · The average salary for a Certified Public Accountant (CPA) in Toronto, Ontario is C$66,662 in 2025. Yes paid OT when travelling. We get 1x rate pay for overtime hrs and $500 for each CPA exam we passed. Americans seriously underestimate how high their salaries are compared to the rest of the world. A decision of the Registrar not to register or reregister an individual as a student (or a decision to make the registration subject to restrictions and conditions), or to deregister a student under Regulation 9-1, s. Define how soon. We are a boutique firm with a total of 3 partners, 3 audit staff, 2 tax staff, 1 admin, 1 intern. Internal auditor position for 90K base salary, 5% annual bonus, and a 5k sign on bonus. Anyone on here that works at CPA Ontario or CPA Canada that can give some insight into what's happening at CPA Ontario since… Get the Reddit app Scan this QR code to download the app now 3 factories trought QC and Ontario, I would say around 100-150 employees Starting salary of I think that 130-150k is midrange for a CPA with my experience and education factored in. I was wondering… This is a commission based sales job, with a 50k base salary. . 2 years lol. I believe intermediate pay right now is fucked at EY in Toronto as they didn’t adjust the intermediate salaries as of Jan 2022 despite bumping first year staff to 58. As for salaries, don't just chase the numbers. Starting in Toronto is 60k, starting in Vancouver is 55-60k, starting in mid cities (Ontario) is like 55k. Visit PayScale to research certified public accountant (cpa) salaries by city, experience, skill CPA Canada and the provinces publish pretty detailed salary reports, you should check them out. A lot of places will give you a 10-20% raise after getting your charter. Hello everyone, couldn’t find an answer for my question anywhere on this sub or on the CPA website. If youre looking at pursuing a bachelor’s (the main way) you’ll need to fulfill a certain number of accounting related prerequisits within your degree (called the PREP program). Salary, bonus: $120K base, max bonus of $155K - been paid $68K through Q2 (the entire executive team's compensation is heavily weighted to the bonus) COL: M/HCOL Experience: 8 years in Big 4, CPA, Masters in Accounting Graduates of this program will have completed courses recognized as equivalent to the 12 modules of the Chartered Professional Accountant's (CPA) Prerequisite Education Program (CPA PREP) assuming minimum grade requirements are met. Think about other factors as well. Usually uni takes 3-4 month (1 semester ) to complete the course when cpa prep is 6-7 weeks. Up to you how much information you want to give but examples would be, title, company, salary, CPA or not, years of experience. 5K annual bonus Decided I didnt want to deal with the stresses of being a big 4 senior, so I just accepted a Sr. If you want to become a Chartered Accountant in Australia and New Zealand, you need to pay about $6700 in course fees, and once you qualify you pay membership dues of around $700. I passed the CFE and logged almost 50 months of professional experience. I changed jobs and went through the annoying change of job request. To all those… There are accountants who are CPA working toward licensure (to practice publically) and accountants working toward CPA (do not have to practice publically). One CPA could be sitting in a dirty little cubicle filing tax returns for 30 bucks, while another could be working on large scale cases involving Money Laundering and global trade sanctions. Edit: Should’ve included mine. Also… Right out of college expect $60-70k base plus bonus of ~10% and other benefits. You need to work with your mentor to go over the experience reports before they are submitted. This will send your reports to CPA Ontario for review, and you will be notified once complete. Govt job started at 63k currently at 69k. Annual salary of $90K but will go to $96K in July based on union salary grid. Posted by u/Due_Blueberry_5232 - 1 vote and 1 comment 70K Salary + 10-20% bonus + stock options (probably worth around 20K) I could be wrong but I think CPA makes recording PERT challenging if you’re jumping from a Salaries in Canada are lower because we pump out so many accounting graduates and we also give out CPA licenses like candy (recall something like 210k members in CPA Canada. The average CPA salary in Ontario is $185,000, while the median salary (a more accurate indicator) is $130,000. To prepare, grab yourself a financial calculator and learn to use it. Hello, I have enrolled in CPA Prep courses, IF2, COF, and Tax (taking Tax in the next offering). You just make sure you hit the remaining of the 8 required technical sub-competencies. CPA 2025 changes and how it will affect CPA PREP AND PEP Advice I’m thinking about starting the CPA PREP atlantic as soon I get admitted and I am just worried about the possible changes that are happening in 2025. Defined benefit pension. CPA in 3, then you don't leave for an all-in package less than 90K. The average CPA Ontario hourly pay ranges from approximately $17 per hour (estimate) for a Customer Service Representative to $65 per hour (estimate) for a Solutions Architect . You discovered what is absolutely absurd about our Institute: If a member needs any sources or references, you have to pay. Dec 31, 2024 · The average salary for a Certified Public Accountant is $76,235 per year in Ontario. The first image is from a CPA salary report from 2017 that seems to be buried and hard to find on their website. Then cpa tells me that I need 1250 audit hours and it will take approx. The average CPA Ontario hourly pay ranges from approximately $17 per hour (estimate) for a Customer Service Representative to $65 per hour (estimate) for a Solutions Architect When I worked in small town Ontario, most of the equity partners were making about $200k (this was around 2015-2017). Consulting and accounting have been of interest to me, and I was wondering which career makes more $ (consider CPA opportunity), and what courses I should take to best prepare myself for either career. So, my prior 3 years saved me 6 months? Staff 2 year they gave me a raise to 66. 2 years since CPA designation. It's a red flag imo if a company only pays for like $2000 of the program. 2022 elective pass rates ranged from 87. Posted by u/arod74894 - 52 votes and 67 comments Director is a loftier title than I deserve, I have no real direct reports, but I started working on my CPA and have started tackling annual reporting. Your Reporting I watch free webinars offered by CPA Ontario and CPA Canada. Study material suggestions, study tips, clarification on study topics, as well as score release threads. Select Change of Job Assessment from the drop-down menu. 7% for Assurance - an immaterial difference insofar as determining "easiest" is concerned. CPA Ontario is pulling out of CPA Canada. I do have my cpa and stayed in Minneapolis my whole career Most CPAs make like half of that, between 50,000-70,000 (in urban Southern Ontario) on average. In Ontario it is $108k and $128k. Are there… Dec 19, 2024 · The average CPA Ontario salary ranges from approximately $32,069 per year (estimate) for an Administrative Assistant to $242,501 per year (estimate) for a Vice President. Posted by u/[Deleted Account] - 1 vote and 5 comments What salary should a new CPA in Canada expect to make with say 4 years of experience? Get the Reddit app Scan this QR code to download the app now. com seems reliable when looking at job openings. I’ve worked my way up from receptionist to Jr accountant at the dealership I work at. Could maybe land $100k base in VHCOL with B4 experience 3 years in but finance starts at like $100k+, lol. CPA career prospects/salary in Canada/Ontario Hey guys, So as an aspiring/future CPA currently in University, I was wondering what the salaries are like for CPAs/accountants in Ontario. You either have bad B4 data or a lot of 5 man CPA firm staff are putting in their numbers. 5 years I spent in post-secondary studies. Complete the Candidate Declaration and select Create. ca) yea cpa is for growth potential later down the road, not the start. I have extensive startup experience. Salary . Cpa lady assured me that I definitely wouldn't need to do 30 months again and that my experience would definitely contribute etc. If you work full-time I would recommend PREP - the courses are only two months long Canadian accounting salaries are not lower than UK, EU, Australia accounting salaries or any other country other than the US. But in finance's case - which isn't exclusive to AM - you'd also have to use the time not spent working on the CPA mods to prep for interviews and network, because when you're interviewing against other B4 profiles with Canadian CPAs you'd better be noticeably better in terms of technicals and fit to shake the "oh he went with the easier option" stigma (although I'm not saying finance The whole thing is a bloody racket. Most of the time national and large regional firms pay more Posted by u/waitingonmycpa - 2 votes and 5 comments I am debating whether to take these 2 courses with CPA Ontario (Advanced financial reporting(AFR) course + Taxation (TAX). My boss is at 180k with 40 years total experience. 6. Dec 19, 2024 · The average CPA Ontario salary ranges from approximately $32,069 per year (estimate) for an Administrative Assistant to $242,501 per year (estimate) for a Vice President. 7K and i got maybe a 1. $27K. If you want to make money as an accountant and work with competent coworkers , then go to the US. If the base pay is 50k, the expected earnings would likely be 100-200k. I'm confused and curious about the salary of a CPA. Posted by u/[Deleted Account] - 1 vote and 6 comments Chartered Professional Accountant (CPA) is the current accounting designation and all the previous legacy subgroups of accountants have been merged under the CPA umbrella. It clearly states business owners are by far the highest earners and it breaks down the average salary by industry, YOE, and location. Posted by u/Ok-Peanut-9820 - 6 votes and 11 comments CPA career prospects/salary in Canada/Ontario Hey guys, So as an aspiring/future CPA currently in University, I was wondering what the salaries are like for CPAs/accountants in Ontario. Appeal rights. Starting in Toronto is 60k, starting in Vancouver is 55-60k, starting in mid cities (Ontario) is like 55k. 5. 120k on average seems high, but averages are very skewed by outliers on both ends. Taking TAX next. I know that as a first year associate you make in the range of lets say 54k-60k. people, whether they know about accounting or not, will take you more seriously with a CPA and this gives u the chance to take advantage of that $135k base, 6% RRSP match, 25% cash bonus which has been confirmed, 20% stock options. Now I looked up salaries of CPA and they average 85Kish in my area and can go on from there. You have to go through the CPA program and get the CPA designation. Primarily for accountants and aspiring accountants to learn about and discuss… Will those who paid for the 3-day exam fee (about $1695. Total comp is between $70-100k depending on what benefits a company offers. Ontario is showing 6-8weeks timing so hoping that this will all be done by June. 36. **The subreddit for CPA Candidates** Certified Public Accountant (CPA) Come here if you are looking for guidance to becoming a CPA. Having never taken any accounting courses during my degree, I had to do all the PREP courses. Is there a way to sue CPA canada for malpractice?? The greed is just too much. Hopefully you received your answer. Reply Would CPA Ontario accept my degree from the University of Ottawa as a '120-credit-hour degree or equivalent' in light of the advanced standing/ transfer credits? Has anyone taken this sort of route and willing to chime in? It would be a real bummer if CPA Ontario doesn't recognize the 6. I know this varies from city to city, but I would love if you guys could shed some light on this. Now I'm thinking of going back to my old passion and attaining CPA. Update - Just got my 6 mo. I'm not sure how long it takes CPA Ontario PERT team to review EVR reports, but it takes CPA BC PERT team about 2 months to review fully-completed 6-month experience report. what are the rules around CPA candidates filing taxes for others? I know that anyone can technically file on behalf of anyone else, but are there other rules about it from the CPA? assuming that it's allowed, how much do you think is reasonable to charge? I was thinking $25-$50 for just slips, and $150 for self-employed + $25 for HST prep. You can also follow your passions and sense This is obviously as only good as the data. If you work hard you can progress to making about from $85,000 to $110,000 as a Senior Accountant or Manager in Texas (and most other places in the US). On the business side of things, accounting salaries probably start in the $50Ks, perhaps $60s (plus bonus). I'm curious about salaries in accounting in Montreal for an entry level job (1 year experience). From people I've seen on linkedin they tend to be in manager roles around the same time. I should get a similar one every 6 mo. It really depend on ur schedule. rlqob ntkj wrbdl exxj mlmc aptcj nlhoko pzrzej fqypbvo ftyos