Acconting Program

1-Determine your NOC (National Occupational Classification) code.

2-Assess your academic credentials.

3-Opting for the best program for your immigration.

 

1. Determining your NOC (National Occupational Classification) code.

About NOC

This code is the national reference of jobs in Canada, with a systematic structure of classification. It categorizes all the occupational activities in Canada. Its purpose is to collect, analyze and disseminate work information for labor market and administration of occupational program.

NOC 2021

Every decade, the NOC goes through a modal revision of its structure where the classification frameworks and the occupational groups which exist are reviewed. By its release in 2021, the changes in economy and the nature of jobs will be reflected.

In partnership with Statistics Canada, the NOC 2021 was developed and on Sep 21st 2021, it will be published on ESDC’s (Employment and Social Development Canada) website. Yet, for organizations and programs to prepare the just transition from NOC 2016 to NOC 2021 in enough time, NOC 2021 is predicted to be in up and running and become the main and official classification being used by ESDC in the second half of 2022.

Accountant

NOC2021	Occupation
11100	Financial auditor and accountant (includes Chartered Public Accountant – CPA)
11101	Financial and investment analysts
11102	Financial advisors
11109	Other financial officers
10010	Financial managers

Note: There are various jobs in accounting field, including regulated and non-regulated ones. The former (NOC11100) include professional and public accountants and auditors. These jobs ask demand individuals to hold a CPA (Chartered Professional Accountant) designation or a legacy accounting designation: CGA, CMA, or CA.

Non-regulated occupations consist of bookkeepers, accounting and payroll clerks, etc. To work in such a position, individuals need to meet the hiring criteria of the employer, normally requiring relative education or training, working background, and etc. This type of occupation in the field of accounting include: NOC 14200 Accounting and related clerks; NOC 14202 Accounting technicians and bookkeepers

General Accounting and data entry

14200	Accounting and related clerks
14202	Collection clerks
13102	Payroll administrators
12200	Accounting technicians and bookkeepers
12011	Supervisors, finance and insurance office workers
63102	Financial sales representatives
64101	Sales and account representatives – wholesale trade (non-technical)
65100	Cashiers

 

Banking

64400	Customer services representatives – financial institutions
14201	Banking, insurance, and other financial officers
10021	Banking, credit and other investment managers

2- Assess your academic credentials.

          1 – Study in Canada

          2 – Work in Canada

1-Applying for Studying in Canada:

Why being an international student in Canada?

While studying in Canada, you are investing in your future.  Education in Canada can open the door to employment and business opportunities, and living in Canada afterward. Canada’s university degrees and college diplomas are distinguished around the world, although the tuition fees are of the lowest in English speaking countries. Canada’s vibrant research community is also an attractive point.

 

The steps you may need to take for studying in Canada

 

Access Information regarding admission requirements:

Every institution in Canada needs its own admission requirements. Some general, others program-specific.

Some of these requirements might include:

• a minimum level of completed prior studies and grades
• specific prerequisite courses
• certification of language proficiency in the language of instruction
• standard test scores
• a portfolio or occupational background

Get information in academic credential evaluations and recognition for admission process:

Your academic background is an important factor in such a competitive process. You will be required the proof of your academic credentials, [probably including:

• diploma(s) or degree certificate(s)
• transcript(s)/mark sheets/index
• detailed course outline(s)

An official translation might be required in case the documents are not in English or French.

The institution will assess your prior academic credentials. During this process, they:

• validate the authenticity of your documents;
• draw a comparison between those with similar credentials issued across Canada;
• award transfer credits (if applicable).

It is highly recommended you gather all supporting documents while in your own country to make the process more convenient.

Apply for admission:

Visit the website of your opted institution for information on application process. You will find detailed information on the admission requirements, including the academic documents you are to submit, deadlines, fees, and other related information.

Accept an admission offer:

Once accepted, you will be sent a letter of admission by the postsecondary institution. This will provide essential details on the next steps. Plus, it might indicate if some transfer credits were awarded.

It will be up to you to choose whether to accept or refuse this. If you have submitted an application to more than one institution, you may have various of options available to consider.

If a study permit or visitor’s visa is needed to enter Canada, the letter of admission will be required by the immigration authorities in order to process your immigration application.

Get an assessment for general purposes

Before going through an academic credential evaluation for general purposes, it is of utmost importance to verify that the regulatory authority, or employer needs and will accept an assessment report issued by one of the six members of the Alliance of Credential Evaluation Services of Canada (ACESC).

It is highly recommended you get all supporting documents together and arrange for them to be sent while in the country in which they were issued. This will greatly ease the evaluation and recognition process. Once all documents have been received, the organization may require several months to complete the assessment, and you will be asked to pay associated fees.

Sometimes, the assessment process can start while you are still in your own country. Additionally, you may be able to use an on-line self-assessment platform to realize how your qualifications may be recognized.

Contact one of the six members below to initiate the process:

 

1-Comparative Education

2-International Credential Assessment Service of Canada

3-International Qualifications Assessment Service

4-International Credential Evaluation Service

5-Ministère de l’Immigration, de la Francisation et Intégration du Québec

6-World Education Services – Canada   

2-Work in Canada

Choose Canada

The job market in Canada is of great diversity. To guide your decision to live in Canada and aid you determine which of Canada’s 13 provinces would best suit you, you should know:

• employment opportunities and trends in your specific field;
• employment requirements;
• working conditions, like wages and working hours;
• potential employers currently hiring.

Find the name of your intended occupation in Canada

Various names are used for the same job in different countries. In Canada, organizations use the National Occupational Classification (NOC) code to classify and provide a description for jobs.

NOC consists of a particular occupation title (e.g., accountant) and a four-digit NOC code (e.g., 1111), plus a description for the job.

To find the title of your target occupation in Canada and its NOC code, search the NOC Web site.

Learn about qualification recognition

If you need to assess your academic credential for general purposes? Contact a member of the Alliance of Credential Evaluations Services of Canada.

For having your academic credentials and professional qualifications recognized to work in Canada, the first stage is to find out which organization is responsible for assessing and recognizing, but also what documents are needed. This depends on whether your occupation is regulated or not.

In Canada, around 20% of occupations are regulated to protect the health and safety of Canadians, such as doctors, engineers, and teachers.

• In regulated occupations, the recognition will be determined by the proper provincial or territorial regulatory authority.
• In non-regulated occupations(80% of jobs), recognition is usually at the discretion of the employer.

To find out whether or occupation is regulated, or if you are seeking for more information on your job, follow these two steps:

• Find the name of your intended occupation in Canada.
• Search CICIC’s Directory of Occupational Profiles.

3-Choose the right Immigration Program

     The Fastest Canadian Immigration Programs for Accountants

Federal Immigration Programs

• Express Entry
• Family Sponsorship

Business Immigration

• Start-up visa
• Self-Employed Persons

Other Programs

• Quebec Selected Skills Program
• Provincial Nominee Program
• Atlantic Immigration Program
• LMIA Work Visa

 

 

 

 

 

 

 

 

Accounting Rules in Canada 101

 

If you have made your mind to immigrate to Canada as an accountant, before accepting any job offers, it’s a must to know that all countries have a different set of rules to consider for accounting. All skilled foreign workers want to keep their job and be good at it, and want to avoid losing the job they worked so hard for over a basic mistake. No worries, it can easily be avoided with the help of Canada CIS.

We’ve done some research into some of the most important Canadian accounting rules so that you won’t need to.

Tax Year

• The 1st of January is when Canadian’s Tax year starts ending on the 31st of December, all within the same year.
• Companies can choose to create a tax year of 12 succeeding months which starts on the date the company decides to run their activities.

Accounting Standards

• Publicly accountable enterprises are instructed to use IFRS according to the Canadian GAAP.
• Non-publicly accountable enterprises are allowed to use IFRS or Accounting Standards for private enterprises by their choice.
• The Accounting Standards Board of the Canadian Institute of Chartered Accountants (AcSB) provides accounting and financial information standards.

Accounting Reports

• Canada’s financial accounts often consist of a balance sheet, a profit and loss account, a statement of retained earnings and a cash flow statement.
• Balance sheet: 12 pre-determined consecutive months;
• Assets
• Liabilities
• Shareholder balance

Publication Requirements

• Reporting of financial statements and balance sheets should be completed on a yearly basis.
• Companies found on the stock exchange are mandated to provide quarterly financial reports.

Professional Accountancy Bodies

• Chartered Professional Accountants of Canada (CICA)
• Order of Certified Management Accountants (CMA)
• Canadian Public Accountability Board(CPAB)
• Certified General Accountants Association of Canada(CGA)

Certification and Auditing

Companies will need to search for a statutory auditor to conduct a yearly audit of the organization’s financial health status

Language Requirements for Non-Canadian Applicants

Accountants from other countries who intend to apply for immigration should be highly proficient in either the English or French language. You will be required to provide a certificate of the Canadian English or French language test to be eligible for the Express Entry Program. This has made rapport building difficult based on trust, ethics, and code of conduct.

Despite taking a toll from COVID-19, accountants could adapt easily and benefit from the situation. The pandemic forced most companies to enhance and speed up their digital performance, decrease carbon footprint, and gave accountants the chance to learn to remotely conduct an audit. Living in Canada as an accountant in this period is a great way to master your skills, and also the current set-up options, which are remote, are great opportunity for foreign accountants to better protect the earth.

 

Seeking for accounting jobs? Where to apply in Canada

Toronto

Being one of the biggest cities of Canada, Toronto is the capital of Ontario.

Considered one of the largest centers globally, Toronto is a favorite destination for many immigrants and international students.

Toronto is one of the predominant centers of the world of finance and one of the hubs of financial start-ups.

Ottawa

Ottawa is yet another metropolis of Canada.

This region is known to be the attractive host of many immigrants and the foreign incoming workforce.

Ottawa has various accounting positions in addition to dozens of financial corporations having many job opportunities to be offered to foreign accountant.

Vancouver

This city is located deep in the heart of British Columbia.

This coastal port is known globally for the high standard of education and occupational opportunities.

In Vancouver, lays a large range of start-ups needing accounting and financial service provision since it is apparent from the given nickname, “The Canadian Silicon Valley”.

Accounting is in high demand in Canada and choosing to do so as a primary option is surly a decision-to-be-made without hesitation.

Canada can also offer you outstanding leisure to have the most fulfilling enjoyment.

With a plenty of the finest landmarks and landscapes to be found around the world, Canada can give you the best experience of exploring the nature and doing a variety of weekend activities in your local area.

These recreational spots, including Niagara Falls and crystal-clear lakes, go hand in hand with a friendly and welcoming community, first-class healthcare, and numerous accounting positions to opt for.

Going through all the hardships in the process of immigrating to Canada is definitely worth it.

If you believe you are a capable problem-solver, then choosing Canada as your perfect destination would be so simple.