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The demand for accountants is strong and will be 30% faster than the demand for all other occupations in Canada.
The number of factors is driving this growth:
- New taxation regulations and accountability measures created more complex financial reporting environment.
- Increasing amount of new small businesses, contracting out accounting services.
Accounting is a financially advantageous occupation being able to command a salary of 60, 000 to 80, 000 per year.
Despite that factor, the key consideration for individuals considering this career is to clearly decide if it is a career definitely for you. This occupation is very contradictory. Before making any decision go for the career counseling. Pay attention, if this job fits your goals, values and life style.
There are three distinct professional designations for accountants in Canada: certified management accountants (CMAs), certified general accountants (CGAs) and chartered accountants (CAs)/ Accountants may also be non-designated if they have not earned a professional designation. More detailed information about the differences between duties you can see at the following link: http://www5.hrsdc.gc.ca/noc/english/noc/2006/welcome.aspx).
The table below projects the growth for accountants between 2008 and 2013 and will equal 1.3%. It is important to note that this growth will be healthy, because it is only an illustration of the growth of new jobs and does not reflect new positions being created as a result of retirements.
Approximately 1,860 new positions will emerge in British Columbia over the next five years
Due to the Lower Mainland’s large population, the vast majority of these jobs will be created in this area.
(According to BC Labour Market Report, 2009)
| Construction Services Sector | Growth Rate for All Industries | Growth Rate for Construction | Percent of Local Workers in 2008 | Percent of Local Workers in 2013 |
| Lower Mainland | 1.3% | 18, 170 | 19,620 | 1.6%% |
| Fraser Valley | 0.9% | 920 | 960 | 0.8% |
| Greater Victoria | 0.9% | 3,640 | 3,820 | 1.0% |
| Central Vancouver Island | 0.9% | 1,480 | 1,550 | 1.0% |
| Northern Vancouver Island | 0.9% | 890 | 930 | 1.0% |
| East Kootenay | 1.0% | 300 | 310 | 0.9% |
| West Kootenay | 0.9% | 290 | 300 | 1.0% |
| Okanagan | 1.0% | 1,530 | 1, 600 | 0.9% |
| Kamloops / Thompson Region | 0.9% | 660 | 700 | 1.0% |
| Prince George / Cariboo Region | 1.0% | 560 | 590 | 1.3% |
| Peace River / Northern B.C | 0.9% | 320 | 330 | 0.9% |
| Northwest BC / Queen Charlottes | 0.9% | 250 | 260 | 1.1% |
| Total | 1.1% | 29, 010 | 19, 620 | 1.3% |
The more you know, the bigger the payoff. Keep yourself up to date check out some resources, like Guide to Online Schools. Accounting will be growing at a rapid pace in the next few years. Never stop learning. Today’s high-paced world has made people busier and less willing to commit their time to a traditional classroom degree program. Working towards an online accounting degree is a great way to keep current.
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