Is ACCA Recognised in Canada?

There’s no doubt about the fact that accounting and finance jobs are booming in Canada. As the country progresses at a fast pace economically, so makes the demand for financial services. If you are planning on pursuing international accounting courses that are recognised in multiple countries, you need to understand that for specific courses there will still be a procedure that you need to follow. For example, every country has their own CPA course, if you’ve completed your US CPA course and wish to work in Canada after a while, you’ll still have to give specific papers to gain your signing license. Similarly, for the ACCA course, if you plan to settle and work in Canada, here’s what you need to know.

Is ACCA equivalent to a degree in Canada?

Association of Chartered Certified Accountants is a UK based accounting degree that’s recognised in 180 countries. If you happen to complete all the papers of this degree then your ACCA course is equivalent to a three year degree in Canada. However, you need to make sure that your assessment is done through a reputed organisation like World Education Services (WES). This process of getting your degree recognised in Canada is quite simple. All you need to do is –

• Ask the ACCA board to send your transcripts along with a letter confirming that you are an ACCA member to the WES
• Your professional level passing certificates or any other certificates that you might have received from the ACCA board need to be submitted directly by you
• Provide the World Education Services with your reference number which you may receive after registration and payment

Key Points to Remember

• ACCA is globally recognized and equivalent to a three-year bachelor’s degree in Canada after successful completion of all papers.
• WES (World Education Services) is the recommended body for evaluating and verifying your ACCA credentials in Canada.
• Ensure all necessary documents such as transcripts, membership letters, and certificates are sent directly from ACCA to WES.
• Your WES evaluation plays a crucial role in applying for higher education or jobs in Canada.
• Having your ACCA qualification evaluated can open more academic and professional opportunities.

Is ACCA recognised in Canada?

Currently, ACCA also known as the Association Of Certified Chartered Accountants is not directly recognised in Canada. For ACCA professionals to work in Canada, there was a mutually recognised agreement signed by the ACCA board and CGA Canada. As per this agreement, ACCA professionals, were directly allowed to practice accountancy in Ontario, Canada. However, this agreement expired in April 2021, and hasn’t been renewed until now.

The good news is that this agreement expiration is not the dead end for ACCA professionals. There’s still another way that ACCA professionals get to CPA Ontario, this pathway is called ‘member of accounting body outside Canada’.

Steps to Recognition

• Apply for WES Evaluation: Start by applying to WES and get your ACCA qualification assessed for Canadian equivalence.
• Submit Transcripts: Request ACCA to send your official transcripts and membership confirmation directly to WES.
• Follow CPA Ontario Pathway: Use the ‘Member of Accounting Body Outside Canada’ route to begin your journey towards CPA Ontario membership.
• Complete Additional Requirements: You may need to complete specific examinations or practical experience components as outlined by CPA Ontario.
• Register with CPA Ontario: After meeting the requirements, register as a CPA member to start practicing professionally in Canada.

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What can a CPA Ontario membership mean for ACCA members?

A CPA Ontario membership can be a major career breakthrough for ACCA members aiming to establish themselves in Canada. CPA Ontario is one of the largest accounting bodies in Canada and is highly respected by employers across industries. Gaining this membership can help you:

• Practice public accounting and auditing within Canada legally.
• Enhance your professional credibility and career prospects.
• Access a broader range of job opportunities, including senior and leadership roles.
• Network with top accounting and finance professionals across Canada.
• Stay updated with mandatory professional development courses and certifications.

Pathway from ACCA to CPA

The pathway for ACCA members to earn a CPA designation involves a few essential steps:

1. Eligibility Assessment: Apply to CPA Ontario as a “Member of Accounting Body Outside Canada.”
2. Submit Documentation: Provide evidence of your ACCA membership, transcripts, and relevant work experience.
3. Complete CPA Reciprocity Exams: Depending on your case, you may be required to pass specific CPA Reciprocity Examination (CPARE) modules.
4. Meet Practical Experience Requirements: Show proof of sufficient and relevant work experience according to CPA Ontario’s standards.
5. Register as a CPA Member: After fulfilling all academic and practical requirements, you can become a fully recognized CPA in Ontario.

Job roles for ACCA members in Canada

After recognition and/or CPA membership, ACCA professionals in Canada can apply for a variety of roles, including:

• Financial Analyst
• Management Accountant
• Internal Auditor
• External Auditor
• Financial Controller
• Tax Specialist
• Risk Manager
• Forensic Accountant
• Finance Manager
• Compliance Officer

 These roles are offered across sectors such as banking, consulting, public accounting firms, government organizations, and multinational corporations.

How to find an ACCA related Job in Canada?

ACCA professionals can choose to work at top MNCs in India and then ask for a transfer to Canada. There are other portals also that are great for hunting ACCA jobs in Canada. Some of the most popular portals are listed below.

• Linkedin
• Monster.com
• Indeed
• Government of Canada Job Bank

Please note that as per the guidelines, ACCAs need to apply for a Social Insurance Number (SIN) to get a job in Canada.

Top hiring firms in Canada for ACCAs

There are several firms that hire ACCAs in Canada. Most of these companies include global MNCs with firms located in different countries. Here’s a glimpse into the top hiring firms for ACCA in Canada.

• Deloitte LLP
• Collins Barrow
• KPMG
• BDO Canada
• MNP LLP
• Pricewater House Coopers (PwC)
• Ernst & Young
• Grand Thorton Canada

Career outlook: Salary, job satisfaction & progression for ACCAs in Canada

High Salary and Benefits

ACCA members in Canada can command competitive salaries, often starting from CAD 55,000 to CAD 75,000 annually for mid-level roles. With CPA designation and additional experience, salaries can exceed CAD 100,000. Top firms also offer benefits like health insurance, pension plans, annual bonuses, and tuition reimbursement for further studies.

Career Security

The demand for finance and accounting professionals is consistently high in Canada. With a CPA certification and international exposure through ACCA, candidates enjoy excellent career stability and lower unemployment rates. Financial regulations and global trade expansion continue to fuel job growth across the country.

Job Satisfaction and Growth

ACCA members often report high job satisfaction due to diverse career options, international mobility, and structured career paths. Canada’s inclusive work culture, emphasis on continuous learning, and work-life balance also contribute to high professional contentment. Growth prospects are significant, with opportunities to move into leadership roles like Finance Director, CFO, or Audit Partner over time.

How much does an ACCA earn in Canada?

If you’re wondering about the salary you’ll gain as an ACCA professional in Canada, here’s simplifying your doubts with a recent research on ACCA salaries in Canada. This will also help you identify the demand and popularity of each professional stream you choose.

Source

Working as an ACCA professional in Canada will require a procedure that can be simplified if you have a Platinum Approved Learning partner by your side. Zell Education can guide you through every step in the way with the help of our experts and placement connections. To get in touch with us, click on the WhatsApp icon on the side and share your queries.

The ACCA qualification is recognized in over 180 countries including Canada, Singapore, and Australia. If you’ve made the decision to become a global CA and are contemplating your next move, we can help you take a step forward. Check out our Association of Chartered Certified Accountants (ACCA) course to learn more.

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Conclusion

Pursuing ACCA and aiming for a career in Canada is a smart move, especially when supported by the right guidance and preparation. Although ACCA is not directly recognized in Canada, pathways like CPA Ontario membership open numerous doors. With booming opportunities in finance and accounting, ACCA members can look forward to a rewarding career journey filled with growth, stability, and global mobility. At Zell Education, we are committed to helping you navigate this journey smoothly — from learning to landing your dream role.

FAQ

Will ACCA get me a job in Canada?
ACCA is at present not recognised in Canada, however, you can apply for a job through another pathway known as the ‘member of accounting body outside Canada’.

Is the finance and accounting industry growing in Canada?
Yes, the finance and accounting industry is growing at a fast pace in Canada bringing in a number of jobs.

Is ACCA equal to Master’s degree in Canada?
After taking the ACCA Professional level your professional degree becomes equivalent to a Master’s degree in Canada.

Partham Barot is an ACCA-certified professional. showcasing his expertise in finance and accountancy. he’s revolutionising education by focusing on practical, real-world skills. Partham’s achievements underscore his commitment to elevating educational standards and empowering the next generation of professionals.