Accounting Courses in Canada: A Complete Guide on Accounting Courses in Canada for International Students

Why Study Accounting Courses in Canada?

Accounting courses in Canada are one of the highly chosen programs among the international population. Let's find out why:

• Excellent job opportunities: Accounting universities in Canada provide both domestic and international students with excellent job opportunities upon graduation. The average salary observed for account graduates in Canada stands at 52,876 CAD per annum.
• Quality Education: Providing the best infrastructure, best universities in Canada for accounting have stood out across nations. Canada is popular for offering international students with outstanding educational as well as industrial experiences.
• Abundance of courses and specializations: There are numerous accounting universities in Canada which offer students with various types of specializations like taxation, administration etc, at study levels like PG, UG and doctoral. These universities also offer some of the most popular diploma and certificate programs in accounting.

Suggested: What are the job opportunities after graduation in Canada?

 

Overview of Accounting Courses in Canada

Let us tabulate some key aspects of the accounting program in Canada:

Duration	2-5 years
Level of Study	PG/UG/Doctoral
Type	Full-time / Part-time
Mode	Online / Offline
Average Tuition Fee for International Students	20,000 CAD to 40,000 CAD/ year
Top Universities	●      University of Toronto ●      McGill University ●      University of British Columbia ●      York University ●      McMaster University

 

Specializations and Degrees in Accounting Courses in Canada for International Students

Accounting courses in Canada for international students are observed to be in high demand precisely due to numerous degree programs available including UG, PG, doctoral as well as certificate and diploma courses. Accounting programs in Canada are also offered in various specializations like:

• Taxation
• Forensic Accounting
• Professional Accounting
• Banking
• Business administration
• Entrepreneurship
• Analytics

Some of the most popular degree programs offered at accounting universities in Canada are:

• Masters in Accounting
• BBA Accounting
• BCom Accounting
• LLM Taxation
• Certificate in Accounting
• Diploma in Accounting
• Graduate Diploma in Accounting

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Eligibility and Admission Requirements to Study Accounting in Canada

Let us now check out the requirements and eligibility criteria to study the best accounting courses in Canada:

1. Academic Requirements
2. English proficiency test scores
3. GMAT or GRE Scores
4. Additional requirements 

Talking about the requirements for accounting courses requirements in Canada briefly, let's start with:

1. Academic Requirements

The most basic requirement to apply to all accounting courses in Canada for international students is to have academic transcripts for every level of study. If you're applying to a PG program in accounting, you should have a bachelor's degree in any related field. Some prerequisite subjects for a majority of accounting programs in canada are:

• Mathematics
• Advanced functions
• Calculus
• English

 

2. English Proficiency Test Scores

It is essential for you, as international students, to have an English proficiency proof in terms of IELTS, TOEFL, PTE or other tests. The minimum IELTS requirement to study accounting courses in Canada is a score of 6.5 or above, depending on the university/ program you choose.

 

3. GRE or GMAT Scores

Some Accounting universities in Canada may also ask for your GMAT/GRE scores if applied to accounting courses at the PG levels.

 

4. Additional Requirements

Additional requirements such as an interview, along with work experience, statement of purpose (SOP), and a Resume/ CV can also be asked by your university depending on the program you choose.

Suggested: Detailed Eligibility Criteria & Requirements to Study in Canada!

 

Application Process to Study Accounting Courses in Canada

The application process for applying to some of the famous accounting universities in Canada has been discussed briefly below:

• Choose your course and a university to start your accounting degree in Canada.
• Submit the application form along with the application fee.
• Submit all the required documents including transcripts, bachelor's degree (if required), along with additional requirements like SOP, Resume, LORs, and proof of work experience, as asked by the particular university.
• You may also be asked for an interview process.
• Apply for a scholarship or financial aid, if available at the university.
• Wait for the admission decision.

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Cost of Studying Accounting in Canada

The tuition fees for accounting in Canada depends entirely on the degree and study level you choose. Diploma and certificate courses in accounting range annually from 5,000 CAD to 20,000 CAD; whereas UG degree programs lie in the range of 20,000 CAD to 60,000 CAD annually. the PG level programs, on the other hand lie somewhere in between 30,000 CAD to 40,000 CAD annually.

Students should budget for the cost of living in Canada of about 900 CAD - 1500 CAD per month in addition to program fees. This estimate is based on a single person's basic needs, which include lodging, groceries, clothing, public transit, and other miscellaneous expenses.

 

Top 8 Universities to Study Accounting in Canada

Accounting studies in Canada can be summed up as innovative, rewarding and filled with out of the box experiences. We have curated below the list for the top 8 best universities in Canada for accounting:

Universities	QS World University Ranking 2022	Popular Programs Offered	Average Tuition Fee for International Students (in CAD)
University of Toronto	26	BCom Accounting Masters in Accounting and Finance BBA Management and Accounting Master of Forensic Accounting	35,000/ year
University of British Columbia	46	PhD Accounting BCom Accounting Diploma in Accounting	20,000-30,000/ year
McGill University	-	Graduate Certificate in professional Accounting	40,000-59,690 (Total)
York University	494	Master of Accounting (MAcc) Post Graduate Certificate in Accounting Post Graduate Certificate in Advanced Professional Accounting	18,000/ year
McMaster University	140	PhD Accounting Graduate Diploma in Financial Accountancy	10,000-15,000 CAD/ year
Queen’s University	-	BCom Accounting Certificate in Accounting	51,275/ year
University of Alberta	126	Master of Accounting (MAcc) PhD in Accounting	25,200/ year
Universite De Montreal	111	Certificate in professional Accounting Certificate in Accounting Management of Services	29,400/ year

 

Scholarships to Study Best Accounting Courses in Canada

Numerous scholarships are available to pursue the best colleges for accounting in Canada, including a lot of university-specific, privately funded and government funded scholarships are available for international students.

Given below are some scholarships to aid your accounting studies in Canada:

Scholarships	Eligibility	Award (in CAD)
C.Douglas Mellor Prize, McGill University	●  Graduate certificate in financial accounting student ●  Outstanding academics	2,200
Kenneth F Byrd Prize, McGill University	●  Graduate certificate in financial accounting student ●  Outstanding academics	250
Principal’s Scholarship, Queen’s University	International Applicants showing high academic performance	4,000
Principal’s International Scholarship India, Queen’s University	●  Indian applicants ●  3.5 GPA	20,000
Bourse H Marcel Caron Scholarship, HEC Montreal	Student in BBA Accounting demonstrating financial need	2,000

Suggested: Scholarship for Indian Student to Study in Canada!

Career Opportunities after Pursuing Accounting in Canada

Upon pursuing an accounting course in Canada, you can definitely get into corporate giants like Deloitte, Accenture, Microsoft, Google, Apple etc. The average base salary for accounting graduates in Canada has been observed as 52,876 CAD per annum.

Let us make you explore some career options post graduation in accounting in Canada:

• Higher education in various specializations like taxation, auditing, banking, etc
• Pursue Chartered Professional Accounting (CPA)
• Get employed at various corporate giants
• Start a business/ venture of your own
• Become an educator in the field of accounting
• Become an auditor, accountant, financial analyst, tax specialist, consultant

For a better understanding of how careers post various accounting courses in Canada look like, we have tabulated some top accounting recruiters in Canada for the job profile of accountant, with their average salaries:

Top Recruiters	Average Annual Salary (in CAD)
Ernst & Young	54,054
Deloitte	45,505
Grant Thornton LLP	41,369
KPMG	47,500

Suggested: Top 10 Highest Paying Jobs in Canada!

 

Frequently Asked Questions about Accounting in Canada 

1. Which are the top accounting universities in Canada?

Ans. The best colleges for accounting in Canada are: 

• University of Alberta
• University of Toronto
• Queen’s University
• McGill University
  
  

2. What is the cost to study accounting in Canada?

Ans. Certificate and diploma programs can cost you around 5,000 CAD to 20,000 CAD per annum; whereas masters degree programs can range around annually range from 30,000 CAD to 50,000 CAD depending upon the university you choose. The UG level programs can cost around 20,000 CAD to 50,000 CAD per year.

3. What are some career prospects after pursuing accounting courses in Canada?

Ans. some career prospects include:

• Pursuing higher education
• Starting your own business in accounting management
• Get employed as an accountant/ consultant
  
  

4. Are scholarships available for pursuing accounting programs in Canada?

Ans. Yes, top universities in Canada for accounting provide international students with numerous scholarships in the range of 2,000 CAD to 30,000 CAD per annum.

5. What is one of the most popular programs in the field of accounting at the PG level?

Ans. One of the most popular programs in the field of accounting is the Graduate Certificate in Professional Accounting.

After pursuing your accounting degree in Canada, you are bombarded with numerous career options like working for corporate giants, pursuing higher studies, and even starting your own venture. The accounting degree in Canada is also considered to be quite rewarding in terms of high ROI, and job security!