How Can A Chartered Accountant from the US Practice in Canada?
Are you looking to migrate to Canada as a chartered accountant from the United States? Do you need information about how you can practice in Canada? Then you have come to the right place.
Canada is a beautiful country where opportunities are endless. Many people immigrate to Canada for financial freedom every year from many different parts of the world. If you are looking to immigrate to Canada as a chartered accountant, then this blog is for you. Here we are going to discuss everything you need to know about how you can secure your entry into Canada as an accountant. So, if you are also looking to practice as a chartered accountant in Canada, then consider going through the blog thoroughly.
Can You Immigrate from the United States to Canada as An Accountant?
A chartered accountant is eligible for Permanent Residency under Federal Skilled Worker Immigration Program. The Canadian NOC List code for people looking to migrate from the United States to Canada is 1111. However, you need Chartered or Regulated status in the USA to immigrate to Canada as an accountant. Also, you must have an undergraduate degree. This degree needs to be in addition to your Chartered status.
What is the Minimum Work Experience Required To Immigrate To Canada As A Chartered Accountant?
A person looking to migrate to Canada should have at least 1 year (1,560 hours total) within the last ten years. However, how much work experience is needed to practice as a chartered accountant in Canada will greatly depend on your age.
Immigrate To Canada As A Chartered Accountant with ACCA Qualifications
If you are a chartered accountant with ACCA qualifications, then you are eligible to be grandfathered into the CPA after successfully completing the course called “Overview of Canadian Tax and Law”.
An accountant from the United States (AICPA) may be eligible to get the Canadian CPA designation via an existing reciprocal agreement. In this case, there is no need to further study modules.
Are Your Chartered Accountant Qualifications Recognized By CPA Canada?
CPA Canada has signed a number of agreements with the United States, allowing direct and indirect recognition of the “Chartered” status into the Canadian equivalent.
Immigrate To Canada As A Chartered Accountant with Provincial Nomination
Accountants looking to immigrate from the USA to Canada will be delighted to know that Canada has a Provincial Nomination Scheme. It can increase your CRS score by 600. This means it can guarantee your entry into Canada.
An immigration program called the Canadian Provincial Nominee Program (PNP) allows the provinces and territories to nominate people for immigration. And many of these provinces are looking for skilled and qualified accountants.
How Much Can You Earn As A Chartered Accountant in Canada?
The average salary of a professional chartered accountant in Canada is almost $57,500 per year. Entry-level accounting professionals usually earn $33,327 per year. However, experienced chartered accountants often earn up to $87,500 every year.
Bottom Line
So, these are the most important things you need to know about how you can migrate from the United States to Canada as an accountant. Consider going through our other blogs for further information.