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Bachelor of Accounting in Canada: Comprehensive Course Guide

Bhavya Rawal Bhavya Rawal
Study Abroad Expert

Bachelors of Accounting in Canada is usually available as a major to degrees like BCom (Bachelor of Commerce) and BBA (Bachelor of Business Administration). Bachelor of accounting in Canada is usually a 4-year full-time program costing anywhere between 94,000 to 2,74,000 CAD in total. 

  • Top universities in Canada offer intake to the program in majorly two sessions: Fall and Winter. 
  • You are required to complete 120 units (30 per year) for completing a bachelor of accounting in Canada
  • Professionals in Accounting and Finance sectors in Canada earn an average salary of 163,000 CAD/year with an annual salary range of 74,700 CAD to 346,000 CAD.
  • The salary forecast for the accounting sector in Canada has been on the rise since 2016. Given below is a graph depicted the average salaries:
Bachelors of Accounting in Canada

As per this graph, it can be concluded that an increase of 4% was observed in the average salary from 2016-17. A rise of 3% followed in the next two years. 

Why Study Bachelors of Accounting in Canada

  • Most accounting degrees offered by the Canadian Universities are accredited by one of the largest national accounting organizations in the world, the Chartered Professional Accountants of Canada (CPA Canada). 
  • Robert Half survey of more than 250 finance leaders in Canada quote 97% of finance leaders reported challenges in finding a skilled accounting professional. 
  • Accountants in the oil and gas and holding/conglomerate business sectors make the highest median salaries of 157,000 CAD and 150,000 CAD respectively.
  • Smith School of Business records 98% of Bcom graduates employed within 6 months with a high base salary of 119,655 CAD/year. 
    • The chart focuses on the employment distribution of the 2018 BCom students with accounting specialization in various sectors.
Bachelors of Accounting in Canada

Bachelors in Accounting in Canada: Top Universities

The enlisted table illustrates the top 10 universities in Canada (listed by QS World University Rankings: Accounting and Finance 2020) offering a 4-year undergraduate program with an accounts specialization. The table also enlists the schools, program offered and the program fees.

QS World University RankingsUniversitySchool/FacultyDegree offeredTotal Program Fees(CAD)
BAcc (Bachelors in Accounting)
51-100Brock UniversityGoodman School of BusinessBAcc1,33,236
BCom (Bachelors in Commerce) Accounting Specialization
#29University of Toronto (U of T)UToronto, MississaugaBCom2,28,080
#51University of British ColumbiaCommerce and Business AdministrationBcom1,96,950
#113University of Alberta*Alberta School of BusinessBcom1,40,000
#140McMaster UniversityDeGroote School of BusinessBcom1,52,640
#173University of WaterlooSchool of Accounting and FinanceBachelors in Accounting and Financial Management(BAFM)1,41,600
#233University of CalgaryHaskayne School of BusinessBcom91,160
#239Queen’s University at KingstonSmith School of BusinessBcom1,83,160
#280Dalhousie UniversityRowe School of BusinessBcom94,500
#281University of OttawaTelfer School of ManagementHonours BCom Accounting2,74,524

*University of Alberta does not offer BCom accounting directly after completion of high school. 

Note: BBA with an accounting major is offered Concordia University, QueensUniversity, York University, Yorkville University, St.Francis Xavier University. 

Bachelors of Accounting in Canada: Admission Process

The admission process for pursuing a Bachelor in Accounting in Canada is almost similar for international and domestic students. However, international applicants should present a senior level/Grade 12 English course for admission consideration, apart from fulfilling the program-specific academic/non-academic requirements of the Canadian universities.

How To Apply

Prospective international applicants can apply in one of two ways to the desired university of study for an accounting degree. Apply well in advance before the application deadlines to ensure enough time for obtaining a Canadian study permit.

  • Directly to the university, by completing the online application on the official website of the respective university (or)
  • The university specified application processing services.

Note: During the application process, prospective students are free to select a Commerce/ Business Administration/ other relative undergraduate degree program but will not officially be admitted to a formal program of study(specialist, major, minor) until after the first year.

Bachelors of Accounting in Canada: Eligibility

Most of the universities in Canada follow similar eligibility criteria for admission to a bachelor's accounting degree. However, the application requirements are university dependent. International students must meet the following requirements to be eligible for the program:

  • Applicants must have a minimum educational background of 12 years which mandates a break up of 10+2, proof of which is mandatory. 
  • Indian students can provide proof of CBSE/ICSE/GCE A level/Senior Secondary Education certificates. 
  • International Baccalaureate students can provide a certificate of completion of a diploma
  • International applicants should meet the minimum test scores in IELTS, TOEFL or other tests specified by the university to demonstrate proficiency in the English language
  • The admission eligibility is also subject to high academic standing with a strong background in mathematics. However, a background in statistics or business will be an added advantage

English Language Proficiency for International Students

The enlisted table illustrates the university-specific minimum test score requirements in the English language for international students to secure admission to the program.

UniversityIELTSTOEFLOthers
University of Brock6.588CAEL: 70
University of Toronto6.5iBT:100CAE:180
CAEL:70
University of British Columbia6.5iBT:90PTE:65
CAEL:70
CAE:180
McMaster University6.5iBT:86PTE:60
CAE:190
CAEL:70
University of Waterloo6.5iBT:90CAEL:70
MELAB:85
PTE:63
University of Calgary6.5iBT:86
PBT:560
CAEL70
MELAB:85
PTE:60
Queen’s University at Kingston6.5iBT:88
PBT:580
CAEL:60
PTE:60
Dalhousie University7.0iBT:92MELAB:90
University of Ottawa6.5iBT:86CAEL:70
PTE:60

Bachelor of Accounting in Canada: Documents Required

International applicants should submit the following documents electronically before the document deadlines or along with the application including the payment of the application fee.

  • Official transcripts of all secondary and post-secondary studies attempted along with grades and scores
  • Notarized translations of all transcripts other than English/French 
  • Passport, citizenship documents and other official ID are mandatory submissions post the admission offer.
  • Financial affidavit as proof of funding to afford your studies abroad. 
  • Applicants with experience should submit their resume and their current statement of employment. 
  • Proof of English Proficiency
  • Additionally, you may need to present specific subject prerequisites, personal profile or statement of interest if required.

Bachelor of Accounting in Canada: Cost of Study

International students incur a pre-arrival cost, tuition fee, and post-arrival costs while planning for a Bachelor of Accounting degree in Canada.

Pre-arrival Costs

The major one-time pre-arrival expenses incurred by international students include the following:

ExpensesCost (CAD)
Application Fee95-156
Visa Application Fee150
IELTS Fee309
TOEFL Fee210-330
Air travel350-1200
Health Insurance600-800

Bachelor of Accounting in Canada: Tuition Fee

The following graph compares the full-time tuition fee(approx) of the universities offering bachelor's accounting in Canada. Hence, the graph indicates that the cost involved in studying the program at top universities like U of T, UBC is comparatively higher than others.

Bachelors of Accounting in Canada

Post-arrival Cost

The expenses are an overall cost of living in Canada. These include the cost of accommodation, food, local transportation and others which varies from city to city. However, the housing costs include 25% of your study in the Canada budget. The costs involved in various housing types in Canada are tabulated below:

Housing TypeCost (CAD)
On-Campus6000
Homestays9600
Dormitory7500
Private8400

Bachelors of Accounting in Canada: Scholarships

International aspirants registered full-time in an undergraduate degree program with high academics are eligible for university specified international scholarship. The details of university specific scholarships are tabulated below:

UniversityScholarshipDetails
Brock UniversityBrock Scholars AwardAmount varies as per admission average grades
University of TorontoInternational Scholar Award
U of T Mississauga Entrance Scholarship
45,000 CAD for 4 years
3000 CAD for 4 years
University of British ColumbiaInternational Major Entrance Scholarship
Outstanding international student award
Variable scholarship offered
In the first year and renewable for 3 years
McMaster UniversityProvost Entrance Scholarship for International Students
WOO family International Entrance Scholarship
Up to 7500 CAD
3000 CAD/student
University of WaterlooInternational Student Entrance Scholarship10,000 CAD/student for 20 students
University of CalgaryInternational Entrance Award
International Entrance Scholarship
Award for International Student-Athletes
10,000 CAD
15,000 CAD (renewable)
Up to 10,000 CAD waiver of tuition & fees
Queen’s University at KingstonPrincipal’s Scholarship
Excellence Scholarship
Queen’s University International Admission Scholarship
4000 CAD/year
1500 CAD/year
9000 CAD/year
Dalhousie UniversityCorpFinance International Limited (Kevin Andrews) Indian Scholarship15,000 CAD for Indian BCom students
University of OttawaPresident’s Scholarship for International Students
Challenger’s Scholarship for International Students
7,500 CAD/year for 4 years
6,500 CAD/year for 4 years

For details on scholarships for studying in Canada, click here

Bachelor of Accounting in Canada: Scope

Undergraduates of accounting degrees can pursue a master's degree/professional accountant status or work in entry-level positions as accountants. 

Postgraduate Study Options

A master’s degree or its equivalent is required for more lucrative accounting careers in Canada and other parts of the world. Pursuing higher studies enhance the growth prospects to broaden the spectrum of career opportunities for students. The postgraduate study options with the leading universities and global business schools are as follows:

  • Master of Accounting 
  • Master of Commerce
  • Master of Finance: You can also study Masters in Finance in Canada or any other foreign country
  • Master of Business Administration: Planning your MBA from Canada, or other countries like USA is an easy task post completion of Bachelors of accounting
  • Master of International Business

Note: Accounting graduates can also pursue Graduate Diploma (GDip) programs and other short-term programs from Canadain diverse specializations of accounting offered by leading universities apart from the master’s degree.

Bachelor of Accounting in Canada: Job Prospects

A career in Accounting involves the preparation and review of financial records to ensure accuracy and payment of tax obligations on time. Hence, they are recruited by an outstanding network of employers in Canada and around the world. The major areas of employment for accounting professionals in Canada include the following.:

  • Accounting Firms
  • Banks and Financial Institutions
  • Insurance Companies
  • Educational Institutions
  • Federal, Provincial and Municipal Governments
  • Self-employment
  • Organizations in a wide range of industries in virtually every sector of the economy

Some of the popular recruiting agencies include: TVOntario, Ernst & Young, Deloitte, AME Learning, Lafarge North America, etc.

The following graph details the lucrative positions for accounting professionals in comparison with entry-level and high-level salaries.

Bachelors of Accounting in Canada

For a rewarding career in accounting, ambitious students can pursue a Chartered Professional Accountant followed by a BCom degree with a specialization in accounts. The enlisted table details the average annual salary of top designations for accounting professionals in Canada:

DesignationAverage Salary(CAD)
Chartered Professional Accountant (CPA)66,165
Certified Management Accountant(CMA)84,000
Certified General Accountants(CGA)61,928
Certified Information Systems Auditor(CISA)92,000
Certified Credit Professional(CCP)61,000
Certified Payroll Manager(CPM)78,000
Payroll Compliance Practitioner(PCP)53,000

Based on the recent salaries and reports, the Accounting and Finance salaries will have a rise of 3% in 2020 than those of 2019. Hence the trend forecasts a slow and steady increase in salaries in 2021 and the future years. By 2022, there will be around 19,400 job openings for accounting professionals. These trends suggest that pursuing a bachelors of accounting from Canada will bring a high ROI and open many doors for students who wish to pursue their studies further. 

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