One of the most prestigious and in-demand careers in Canada is that of a chartered accountant. Can Indian CA work in Canada? However, it will not be an easy road for Indian students. This is because Canada does not readily recognize the Indian CA qualification.
It is preferable to go through the Canadian Institute of Chartered Accountants (CICA) method instead. To complete a CA course in Canada and work as an individual CA (freelancer with accounting knowledge) or a full-time professional accountant working for a successful organization, candidates must put in a lot of effort over several years.
A person must obtain certain credentials through schooling to be recognized as a professional accountant in Canada.
How Do I Become A CA In Canada?
If someone is preferring the average salary in Canada and wants to become a professional CA, they can work with regional educational institutions until the completion of training and have relevant experience. At that point, candidates can acquire membership in the provincial institutes that regulate practice in each of their provinces.
The CICA oversees each of these provincial organizations and educational institutions. The national body in charge of creating, preserving, and upgrading the training, competency, and auditing standards applied to all CA practitioners in the nation is this one.
Regional Educational Institutes:
- Provincial institutes in the Western Region work with the Canadian School of Business (CASB).
- The Atlantic Region provincial institutes work with the Atlantic School of Chartered Accountancy (ASCA).
- Ontario’s regional education body is the Institute of Chartered Accountants of Ontario (ICAO), which also serves as its provincial institute.
- An organization responsible for regional education in Quebec is the Ordre des comptables agréés du Québec (OCAQ).
To become a CA, they must also complete several crucial accountancy courses, gain appropriate, full-time practical experience, and pursue other requirements.
What Is CA Called In Abroad?
Different countries have different criteria for determining a person’s eligibility to be popular as CA. ACCA, however, is the agency that has generalized the course for worldwide CAs. Globally, ACCA has over 147,000 members and 424,000 students.
CA In Canada Fees
CPA Canada course fees for overseas students vary as per eligibility and the modules. Depending on the application, the cost of the entire process, including preparatory courses, can be as high as INR 7.5 lakh. CFE registration alone (days 1, 2, and 3) would cost INR 85,000.
See the table below for the complete structure of CPA Canada course fees (in US dollars).
| Procedure | Fees (in US $) |
| Initial fee for registration | $430 |
| Annual Canada CPA dues | $1020 |
| Previous experience recognition fee | $510-$1020 |
| Module fees | $1260 each |
| Final Exam fees | $650-$1500 |
| Module registration | $310 |
| Transcript assessment | $100 |
CA In Canada Salary
CAs in Canada earn $68,000 per year or $34.87 per hour. A typical entry-level employee makes $55,500 per year, while most experienced workers earn up to $92,625 per year.
CA In Canada After 12th
To be licensed as a Canadian CA, an individual must meet some requirements before applying for membership with the CICA. Also obtained a relevant bachelor’s degree with specific courses such as financial accounting, economics, etc.
CA In Canada For Indian Students
There are three steps in the process of becoming a CA:
Every educational location has courses that were taken at specific stages during the undergraduate degree for this purpose. Candidates must check the educational requirements for their region to make sure they meet these standards.
- The candidate will select two of the six specified core competencies, i.e., management, decision-making and finance, assurance, taxation, risk management, and performance measurement and reporting while gaining practical full-time experience over 30 months (nearly three years). Only a CATO, or approved CA training office, can provide this full-time experience.
- The candidate must complete four necessary training modules with the relevant provincial institutions of their educational regions in addition to taking on active full-time accounting experience. The application of new knowledge to their practical experience is a feature of these training modules.
- These programs frequently conclude with a Finalist Preparation Program (FPP) to prepare the candidate ready for the Uniform Evaluation, the final step in becoming a CA. All candidates must pass the demanding three-day UFE test, demonstrating strong ethical standards in the workplace, good accountancy abilities, and expertise in their chosen competencies.
CA Course In Canada
Becoming a CA in Canada opens up several prospects for those who pursue a career in accounting. This is especially true since Canada is a significant trading partner for numerous nations and is rapidly expanding. These professionals must have sufficient knowledge of bookkeeping, taxation, assurance standards, etc.
The scope of all accounting professions has expanded since the credentials of Certified General Accountant (CGA) and Certified Management Accountant were combined into the single designation of a CA.
The pay for CAs has increased along with the amount of work available around the nation. The amount can change depending on things like the CPA’s years of experience, the province or territory where they practice, the business they work for, etc.
How Much Does CA Earn In Canada?
CAs in Canada earn an average salary of $67,500 per year or $34.62 per hour. The starting salary for entry-level positions is $55,500 per year, whereas the average salary for experienced workers is $97,500 per year.
How Many Years Is CA In Canada?
A CPA designation usually takes six to seven years to obtain, including the four years required for most undergraduate programs. After graduating from college, which is normally a two-year part-time degree, accounting professionals complete the PEP program and 30 months of practical experience.
FAQs – CA In Canada
What is CA called in Canada?
Accountants who are CGAs, CMAs, or CAs are known as Chartered Professional Accountants (CPAs) in Canada.
Is CA valid in Canada?
CICA regulates CA in Canada. An individual having a designation of a Canadian CA may practice public accounting in Canada.
Does Canada have CA or CPA?
CPA is the term used in Canada to refer to anyone who is a CA, CGA, or CMA.
Is CA demanded in Canada?
One of the most respected and in-demand jobs in Canada is that of a Chartered Accountant.
Can I move to Canada after CA?
Candidates must meet 67-point requirements that filter out skilled immigrants from the applicant pool. Applicants are allowed to apply under express entry once they have cleared the 67-point system.
To Wrap Up
To conclude, the first step for becoming a CA in Canada is getting a relevant degree. However, if you do not have a college degree, you must demonstrate at least eight years of work experience in technical CPA fields.
To become a CA in Canada, you must also finish the necessary CPA PEP courses, submit a personal statement, and get three letters of recommendation.
Hopefully, the article covered all relevant information regarding the course and the entire process to meet your goal of becoming a CA in Canada.
