CPA Canada 2025: Overview, Salary, Eligibility, Job Prospects

The full form of CPA Canada is Chartered Professional Accountants. It is an educational program that offers the unification of CIGA, CMA and CGA. According to experts, CPA candidates with knowledge in accounting and tech skills are irreplaceable in future.

CPA Canada or Chartered Professional Accountant in Canada is a popular qualification that allows a candidate to work as an accountant across Canada. The demand for people who are knowledgeable in accounting, auditing and taxation-related topics is evergreen. After completing the Chartered Professional Accountant course, candidates can expect the average salary of CPA in Canada between CAD 70,000 and CAD 80,000 annually.

Canada is considered a second home for Indians. Every year a large number of Indian students apply to study in Canada for job opportunities. Indian students who are planning to pursue the CPA Professional Education Program in Canada, need to have a UG degree in Accounting subject from a valid university. CPAs handle income tax preparation, auditing, accounting, and more. In this blog, you will get insightful information about CPA Canada including the course details, salary, colleges, fees and more.

What is CPA Canada?

The CPA full form in Canada is Chartered Professional Accountants. It is an educational program that offers the unification of CIGA, CMA and CGA. Canada is one of the most developed nations in the world. It is famous for offering a decent salary for various job opportunities including the professional chartered accountant. Graduate students of accounting from across the world apply for admission to CPA colleges in Canada.

Chartered Professional Accountants is the national organization that represents the unification of CIGA (Canadian Institute of Chartered Accountants), CMA Canada (Society of the Management Accountants of Canada) and CGA-Canada (Certified General Accountants of Canada). These popular bodies in Canada merged in the year 2014. Several popular institutions offer the CPA Canada course to international students.

Popular Terms Related to CPA in Canada

• CPA- Chartered Professional Accountant
• CPA PEP- Chartered Professional Accountant Professional Education Program
• CPA PREP- Chartered Professional Accountant Preparatory Courses
• CPA CFE- Chartered Professional Accountant Common Final Examination

How to Become a CPA in Canada?

To be a Chartered Professional Accountant or CA in Abroad, students need to follow a fixed path. As an international student, you need to start from scratch to be a CPA in Canada. Eligible students need to enrol in the CPA Prep course first. This course is a 14-module program that will improve the required skills and knowledge in the finance domain.

After that, you can get admission to CPA PEP and the common final examination is the last step. Candidates can get admission to CPA PEP if they hold a graduation degree offered by a Canadian university. For students who completed their UG from Canadian universities, can directly enroll in the Professional Education Program.

It is advisable to the CPA Canada candidates that they must know about the latest technology to handle situations in their industry.

CPA Colleges in Canada

Check out the list of top CPA colleges in Canada for offering admission to international students including Indians.

1. University of Toronto
2. University of British Columbia
3. University of Waterloo
4. University of Calgary
5. York University

CPA Canada Eligibility

To get enrolled in the course for becoming a Chartered Professional Accountant in Canada, you need to fulfil certain eligibility decided by the authority. We have mentioned point-wise CPA Canada eligibility below which will be helpful for you ahead.

1. Must have a valid UG Degree- Candidates who are applying for a CPA professional education program, must have a valid UG degree in the accounting subject. Else, a UG degree in a relevant subject from a Canadian university. If you are not from an accounts background or an International student, you can join CPA preparatory courses first. Keep in mind, that 16 years of education (10+2+4) is mandatory eligibility for this.
2. CPA PEP- Candidates must have done the CPA Canada Professional Education Program (PEP) from a CPA accredited institute.
3. Work Experience- A minimum of 30 months of work experience is mandatory to be eligible for CPA. The accounting body will do a background check of your work experience.
4. Credit Required- It is important that candidates have either done a 4-year UG course or have 120 credits.
5. Language Proficiency- Candidates must have proficiency in the English language (Level 8 in the Canadian Benchmark is recommended).

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CPA Canada Course

The duration of the CPA Canada course is 2 to 3 years. Apart from Canadian colleges, some online platforms offer CPA Canada courses. Candidates who are not from an accounting background need to pursue a CPA PREP course first. After that, they can pursue the Chartered Professional Accountant Professional Education Program (CPA PEP). It is known as the CPA Canada course also.  

After completing the course, candidates need to appear in the 3-day Common Final Exam conducted by the authority. This test will assess the candidate’s writing ability and proficiency in the English language. This exam is divided into four different modules. The score range of every module is 0 to 99 and getting 75 is mandatory to pass the exam. Four modules of the Common Final Exam are mentioned below

1. Auditing and Attestation
2. Financial Accounting and Reporting
3. Regulation
4. Business Environment and Concepts

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Fees for CPA Canada

Candidates who have already done CA or other related courses need to pay less than the new candidates in this domain. The CPA Canada fee is nearly 7 to 8 lakhs Indian rupees, including the PEP and the preparatory courses. This amount includes the fee of workshops, exams and other necessary expenses for this course. This fee does not include the registration fee for the Common Final Exam, which is USD 1700 (INR 1.41 Lakhs). Check out the detailed cost of studying in Canada.

Chartered Accountant Canada Salary

The job role of a chartered accountant is one of the most lucrative paying jobs in the world. After getting the designation candidates can expect a salary of CPA in Canada between CAD 78,000 to CAD 1,37,000 annually (INR 48 to 80 Lakhs) annually. According to Glassdoor, the average salary of a chartered accountant in Canada is CAD 97,000 (INR 59.79 Lakhs) annually. Check out the average salary in Canada for different job roles.

Job Opportunity as CPA Canada

The major aim of every candidate pursuing CPA Canada is to get job opportunities here. Depending on their expertise, candidates can work in government organisations, private firms or start their own venture.

CPA Canada vs CPA USA

The USA and Canada is two nations well known for great working opportunities. When it comes to comparing CPA Canada vs CPA USA then eligibility, salary, expenses and exam time are the key factors. Below, we have given you a quick overview of the differences between these two countries.

 For help with university applications, students seeking to study abroad can contact our Shiksha Study Abroad Counsellors. The comments section below allows candidates to contact us as well.