Study Accounting in Canada

Study Accounting in Canada

Studying accounting in Canada is a great choice! Canada is home to some of the world’s best universities. A degree from here is recognized globally. It can open doors to top jobs in accounting and finance. Many Canadian programs also help students prepare for the CPA certification.

International students love Canada for many reasons. The tuition fees are lower than in the US and the UK. Graduates have great job opportunities and can apply for a post-graduate work permit, too.

This guide will help you understand everything. We will cover top universities, the admission process, costs, scholarships, and career opportunities. By the end, you’ll know why Canada is a great place to study accounting.

Why Study Accounting in Canada?

Studying accounting in Canada has many benefits. The country offers top-quality education, great career prospects, and a welcoming environment. Let’s explore why Canada is a great place for international students.

High-Quality Education

Canadian universities have strong accounting programs that are recognized worldwide. They focus on both theory and practical skills. Many universities also offer co-op programs where students get real work experience while studying. This helps them get jobs faster after graduation.

Pathway to CPA (Chartered Professional Accountant) Certification

If you want to become a CPA, Canada is a great place to start. Many universities offer CPA-accredited programs. Once you graduate, you can follow a clear path to becoming a professional accountant.

Excellent Job Opportunities

Accounting is a stable and in-demand profession in Canada. The country has a strong job market for accountants. Many students find jobs right after graduation, with salaries starting from CAD 50,000 to CAD 70,000 per year. International students in Canada can even work up to 20 hours per week during semesters.

Affordable Tuition Fees

Studying in Canada is cheaper than in the US or the UK. Tuition fees for accounting programs range from CAD 20,000 to CAD 45,000 per year, depending on the university. There are also many scholarships for international students, which help reduce costs.

Post-Graduation Work Opportunities

Students can apply for a PGWP (Post-Graduate Work Permit) after graduation. This lets them stay in Canada and work for up to three years. Many students use this time to gain experience and apply for permanent residency (PR).

Best Universities to Study Accounting in Canada

The following universities have been selected as the best institutions in Canada for accounting based on global rankings, program strength, career support, and facilities. These universities provide a comprehensive curriculum, CPA-focused programs, and strong industry connections to help students build successful careers in accounting.

1. University of Toronto

The University of Toronto ranks 25th in the world. It ranks 11th for accounting. The school offers many accounting programs. Their Master of Accounting and Finance (MAccFin) program is well-known. It covers both finance and accounting. The school also helps students get CPA, CFA, and ACCA designations.

This university offers strong support to international students, and the acceptance rate is approximately 43%. It provides housing, health services, and visa help. First-year students are guaranteed housing. Many student clubs and sports programs are also available. University of Toronto assists students in establishing successful accounting careers by providing such support and the best programs.

Entry Requirements

Undergraduate: Must complete high school with good grades (High chances with 3+ GPA).

Graduate:

• Bachelor’s degree with a minimum GPA of 3.0.
• GMAT: 650+

English Proficiency:

• TOEFL: 93 overall, at least 22 in writing and speaking.
• IELTS: 7.0 overall, at least 6.5 in each section

Tuition Fees:

CAD 61,720 for the first year.

2. McGill University

McGill University ranks 29th in the world in the latest QS World University Rankings. It holds the 45th position for Accounting globally according to THE. The Desautels Faculty of Management offers strong programs in financial, managerial, and tax accounting. The Graduate Certificate in Professional Accounting (GCPA) trains students for CPA Quebec.

There are many support facilities for international students.. The acceptance rate for international students is 46%. Overall. McGill is a great place for accounting. It offers strong academics, great facilities, and good career support.

Entry Requirements

Undergraduate: High school diploma with strong grades (High chances with 3.7+ GPA).

Graduate: Bachelor’s degree with a GPA of 3.0 (73%).

English Proficiency:

• TOEFL: Minimum 93
• IELTS: Minimum 6.5
• PTE Academic: 65+
• Cambridge CAE Advanced: 193+

Tuition Fees

Undergraduate: CAD 20,000–50,000 per year

Graduate: CAD 10,159.95 per term

3. University of British Columbia (UBC)

UBC ranks 34th in the world in the latest QS World University Rankings. It holds the second position in Canada for accounting and finance. UBC Sauder School of Business offers strong programs. The Diploma in Accounting Program (DAP) helps students train for CPA.

There are many support facilities for international students. The acceptance rate for international students is 44%. UBC provides academic support, networking events, and career guidance. The campus also offers many resources like investment research labs and financial data centers. It is an excellent choice for accounting students in Canada.

Entry Requirements

Undergraduate: High school diploma with strong grades.

Graduate:

• Bachelor’s degree with a minimum GPA of 3.0 (73%).
• GMAT: 650+
• GRE: 320+

English Proficiency

• TOEFL: 90+
• IELTS: Minimum 6.5+

Tuition Fees

Undergraduate: CAD 20,000–50,000 per year

Graduate: CAD 10,159.95 per term

4. University of Waterloo

The University of Waterloo ranks 115th in the QS World University Rankings 2025. It offers strong accounting programs through the School of Accounting and Finance. The accounting program ranks between 101-150 globally. The acceptance rate for international students is 53%.

The university offers many facilities for students. Accounting students have access to the Centre for Accounting Ethics and the Waterloo Centre for Taxation. There are also great study spaces and athletic facilities. The campus has gyms, pools, and a skating arena to promote better student life. Thus, Waterloo is a top pick for accounting.

Entry Requirements

Undergraduate

• Degree: High school diploma
• GPA: Minimum 75% in required courses

Graduate

• Degree: Bachelor’s in a related field
• GPA: 75% in the last two years

English Proficiency

• IELTS: Minimum 7.0
• TOEFL: Minimum 90 for undergraduate, 100 for graduate

Tuition Fees

Undergraduate: CAD 53,660 per year

Graduate: Incidental fees of CAD 870.07 per term

5. University of Alberta

The University of Alberta ranks 96th in the QS World University Rankings 2025. It offers strong accounting programs through the Alberta School of Business. The Bachelor of Commerce major in Accounting builds a solid base in accounting. The Master of Accounting helps students prepare for CPA. The acceptance rate for international students is 58%.

Students get access to CPA Hall for collaboration and the Centre for Accounting and Auditing Research for advanced study. The campus offers modern libraries, study spaces, and wellness centers. Sports lovers can enjoy the Saville Community Sports Centre. Overall, it is a great place for accounting students.

Entry Requirements

Undergraduate:

• Degree: High school diploma or equivalent
• GPA: Minimum 70% in required courses
• SAT: 1200+

Graduate:

• Degree: Bachelor’s in a related field
• GPA: Minimum 75%
• GMAT: 613+ (if required)

English Proficiency:

• IELTS: Minimum 6.5 (Undergrad), 7.0 (Graduate)
• TOEFL: Minimum 90 (Undergrad), 100 (Graduate)

Tuition Fees

Undergraduate: CAD 29,500 per year

Graduate: CAD 20,000 per year

6. Western University

Western University ranks 120th in the QS World University Rankings 2025. It ranks 86th globally for Business and Economics in THE 2025. The university offers strong accounting programs. Students can study Canadian Accounting, Audit, and Taxation. The program meets CPA designation requirements.

The campus covers 500 hectares with green spaces and modern buildings. There are 11 residences for students. The acceptance rate for international students is 58%. Western University provides a strong academic environment and great facilities.

Entry Requirements

Undergraduate:

• Degree: High school diploma or equivalent
• GPA: Minimum 70%
• SAT: 1200–1400 (middle 50%)

Graduate:

• Degree: Bachelor’s in a related field
• GPA: Minimum 78%
• GMAT: 600+ (required)
• GRE: 600+ (required)

English Proficiency:

• IELTS: Minimum 6.5 overall
• TOEFL: Minimum 82
• PTE: Minimum 58

Tuition Fees

Undergraduate: CAD 16,000 plus fees

Graduate: CAD 17,300 plus fees

7. York University

According to THE Impact Rankings, York was ranked 9th in Canada for Sustainable Development in 2024. It also ranks between 101-150 globally for accounting in the QS Rankings. The BCom in Accounting provides a strong foundation. The Master of Accounting and Graduate Diploma in Accounting (GDA) help students fast-track their CPA goals. The international acceptance rate is 27%.

The campus offers top facilities. The CPA Ontario Centre supports performance management research. The Centre for Social Impact focuses on finance for social issues. Students enjoy libraries, study spaces, and fitness centers.

Overall, York University provides strong academics, top facilities, and CPA-focused programs. It is a great choice for accounting students.

Entry Requirements

Undergraduate:

• Degree: High school diploma or equivalent.
• GPA: Minimum 70% in required courses
• SAT: 1170+

Graduate

• :Degree: Bachelor’s in a related field
• GPA: Minimum 3.3 in the last two years

English Proficiency

• IELTS: Minimum 6.5
• TOEFL: Minimum 83 (Undergrad), 79 (Graduate)
• PTE Academic: 60+(Graduate)

Tuition Fees

Undergraduate: CAD 40,259 per year

Graduate: CAD 20,000 per year

8. University of Montreal

The University of Montreal (UdeM) ranks 5th in Canada, according to QS World University Rankings. It offers strong accounting programs. The Bachelor of Commerce in Accounting provides core knowledge. The Master of Accounting prepares students for CPA exams. The Graduate Diploma in Accounting fast-tracks CPA certification. The acceptance rate for international students is around 40-50%.

The campus has great facilities. The Physical Activity and Wellness Centre offers gyms and courts. Students get access to libraries and study spaces. The Saville Community Sports Centre provides recreation options.

With its high acceptance rate, the University of Montreal is a solid choice for accounting. It offers a good education, top facilities, and CPA-focused programs.

Entry Requirements

Undergraduate:

• Degree: High school diploma or equivalent
• GPA: Minimum 70% in required courses
• SAT: Required for some international students, 1400+ recommended

Graduate:

• Degree: Bachelor’s in a related field
• GPA: Minimum 75% in the last two years
• GMAT: Minimum 570, ideal 630+
• GRE: Minimum 312, ideal 318-320

English Proficiency:

• IELTS: 6.5 (Undergrad), 7.0 (Graduate)
• TOEFL: 90 (Undergrad), 100 (Graduate)

Tuition Fees

Undergraduate: CAD 40,259 per year

Graduate: CAD 20,000 per year

9. Queen’s University

Queen’s University ranks 193rd in the QS World University Rankings 2025. It offers strong programs in accounting through the Smith School of Business. Students can pursue a BCom with a specialization in Accounting, a Graduate Diploma in Accounting (GDA), or a Master of Accounting (MAcc). The acceptance rate for international students is 89%.

The university has great campus facilities. Mitchell Hall provides student services. The Isabel Bader Centre hosts cultural events. The Athletic and Recreation Centre has fitness facilities. Overall. The campus is lively and full of opportunities. Additionally, the high acceptance rate makes it easily accessible to international students.

Entry Requirements

Undergraduate:

• Degree: High school diploma or equivalent
• GPA: Minimum 3.5 (unweighted core GPA)
• SAT: 1100+
• ACT: 22

Graduate:

• Degree: Bachelor’s in a related field
• GPA: Minimum 75% in the last two years
• GMAT: 580+ (if required)

English Proficiency:

• IELTS: Minimum 6.0
• TOEFL: Minimum 90 (Undergrad), 100 (Graduate)

Tuition Fees

Undergraduate: CAD 53,660 per year

Graduate: CAD 20,000 per year

10. Simon Fraser University

Simon Fraser University (SFU) ranks second in Canada for International Outlook by Times Higher Education. Its Beedie School of Business offers a strong accounting program. Students study tax, auditing, and advanced accounting. Some courses count toward CPA designation.

SFU has three campuses in Burnaby, Surrey, and Vancouver. The university offers modern classrooms, research centers, and career programs. The acceptance rate for international students is 59%.

Entry Requirements

Undergraduate:

• Degree: High school diploma or equivalent
• Academic Score: 60%
• SAT: 1130+

Graduate:

• Degree: Bachelor’s degree or equivalent
• GPA: 3.0-3.33

English Proficiency

• IELTS: 6.5(Undergraduate), 7.0(Graduate)
• TOEFL: 88 (Undergraduate), 93 (Graduate)
• PTE: 65 overall with a minimum of 60 in all sections

Tuition Fees

Undergraduate: CAD 36,024 per year

Graduate: CAD 17,514 per term

Comparison Table of Best Universities to Study Accounting in Canada

University	Programs Offered (BCom, MAcc, MBA)	Tuition Fees (Undergrad/Graduate)	Acceptance Rate (International Students)
University of Toronto	BCom, MAccFin	CAD 61,720 (UG) / Varies (Grad)	43%
McGill University	BCom, GCPA	CAD 20,000–50,000 (UG) / 10,159.95 per term (Grad)	46%
University of British Columbia	BCom, DAP	CAD 20,000–50,000 (UG) / 10,159.95 per term (Grad)	44%
University of Waterloo	BAFM, MAcc	CAD 53,660 (UG) / CAD 870.07 per term (Grad)	53%
University of Alberta	BCom (Accounting), MAcc	CAD 29,500 (UG) / CAD 20,000 (Grad)	58%
Western University	BCom, MAcc	CAD 16,000+ fees (UG) / CAD 17,300+ fees (Grad)	58%
York University	BCom (Accounting), MAcc, GDA	CAD 40,259 (UG) / CAD 20,000 (Grad)	27%
University of Montreal	BCom (Accounting), MAcc, GDA	CAD 40,259 (UG) / CAD 20,000 (Grad)	40-50%
Queen’s University	BCom (Accounting), MAcc, GDA	CAD 53,660 (UG) / CAD 20,000 (Grad)	89%
Simon Fraser University	BBA (Accounting), MAcc	CAD 36,024 (UG) / CAD 17,514 per term (Grad)	59%

How to Study Accounting in Canada for International Students

Studying accounting in Canada is a step-by-step process. You need to choose a program, meet admission requirements, and apply for a study permit. If you plan to become a Certified Professional Accountant (CPA), you must follow a structured path.

Here’s a complete process you’ll generally need to follow.

Application Process

The first step is choosing a university. Canada has many top-ranked institutions with accounting programs. Researching the right program is important because each university has its own admission requirements.

Once you find a program, you must check the admission criteria. Most undergraduate accounting programs require the following:

• A high school diploma with a minimum required grade.
• Proof of English proficiency for international students. Almost all Canadian universities accept IELTS (minimum score of 6.5) or TOEFL (score of 90 or above).
• A statement of purpose (SOP) is a must for most Canadian university admissions.
• Letters of recommendation.

Application Steps:

1. Look for universities offering accounting courses that fit your goals.
2. Prepare Documents. Gather transcripts, recommendation letters, a statement of purpose, and proof of English proficiency.
3. Apply Online. Submit applications through university websites, paying attention to deadlines.
4. Obtain a Study Permit. Once accepted, apply for a Canadian study permit to study legally in Canada.

These are just common steps to help you understand the process. Each university has its own process as well. So, it’s always better to check official sites first.

Pathway to Becoming a CPA

If you want to work as an accountant in Canada, you will need the CPA (Chartered Professional Accountant) designation. This is the highest certification for accountants in Canada. It takes a few years to complete. But it leads to better job opportunities.

Here’s how you can become a CPA:

Earn a Bachelor’s Degree

A degree in accounting or a related field is required. Some universities offer CPA-accredited programs.

Enroll in the CPA PEP

This is a two-year program designed to improve accounting skills. It includes online courses, workshops, and practical training. More details can be found on the CPA Canada website.

Complete Practical Experience

You need at least 30 months of relevant work experience under a licensed accountant. You can do this through internships, full-time jobs, or co-op programs.

Pass the Common Final Examination (CFE)

This is a three-day exam that tests everything you learned in your studies. It is considered challenging, but proper preparation can help you succeed.

Once you pass all these steps, you will officially become a CPA. The CPA title can open doors to jobs in accounting firms, banks, and multinational companies.

Master’s Programs in Accounting

If you want to specialize further, a master’s degree in accounting is a great option. Many universities offer programs like:

• Master of Accounting (MAcc): A one-year program focused on advanced accounting knowledge. It prepares students for the CPA exam.
• MBA with Accounting Focus: A two-year business degree that combines management and accounting skills. Many universities offer co-op options for hands-on training.

Admission Requirements for Master’s Programs:

• A bachelor’s degree in accounting or business.
• GMAT or GRE scores.
• Work experience (especially for MBA programs).
• English proficiency test scores.

Cost of Studying Accounting in Canada

Studying in Canada is affordable than studying in countries like the US and the UK. However, tuition fees, living expenses, and additional costs can still be high for international students. Planning your budget is really important to avoid financial stress.

Tuition Fees for Accounting Programs

Tuition fees vary based on the university, program level, and location. Generally, undergraduate programs cost less than graduate programs.

Program Level	Average Tuition Fees (CAD/year)
Undergraduate Accounting Programs	CAD 20,000–61,720
Master’s in Accounting (MAcc, GCPA, MAccFin, GDA)	CAD 10,000–55,000
MBA with Accounting Specialization	CAD 40,000–90,000
Diploma and Certificate Programs	CAD 10,000–25,000

It’s always best to check the university’s official website for exact tuition fees.

Estimated Cost of Studying Accounting in Canada

Program Level	Average Tuition Fees (Per Year)	Scholarships Available	Estimated Total Annual Cost (Including Living Expenses)
Undergraduate (BCom in Accounting)	CAD 25,000 - 50,000	Yes	CAD 35,000 - 65,000
Master’s in Accounting (MAcc)	CAD 30,000 - 55,000	Yes	CAD 45,000 - 70,000
MBA with Accounting Focus	CAD 40,000 - 90,000	Yes	CAD 55,000 - 110,000
Diploma/Certificate in Accounting	CAD 10,000 - 25,000	Limited	CAD 20,000 - 35,000

Scholarships and Financial Aid for International Students

Several Canadian institutions and organizations offer scholarships specifically for accounting students. Here are some notable opportunities:

• University of Laval Simone et Marcel Bélanger Fund Scholarship (2nd Cycle) 2025: It offers a value of $2,500, with an application deadline of March 14, 2025.
• Wiley Canada Accounting Scholarship: The scholarship amount is $1,000.
• University of Toronto Lester B. Pearson International Student Scholarship
• Canada-ASEAN SEED Scholarship 2025

Popular Scholarships for International Students Studying Accounting in Canada

Scholarship Name	Amount	Eligibility	Deadline
University of Waterloo – School of Accounting & Finance PhD Scholarship	Up to $10,000	Doctoral students in accounting	Varies
Wiley Canada Accounting Scholarship	$1,000	Top-performing students in Introduction to Accounting at Humber Institute	Varies
University of Toronto Ernst & Young Scholarships in Commerce	$5,000	Undergraduate students in commerce with academic excellence	November 1, 2024
University of Laval Simone et Marcel Bélanger Fund Scholarship (2nd Cycle)	$2,500	Undergraduate accounting students pursuing doctoral studies in accounting	March 14, 2025
Saint Mary’s University Accounting Achievement Awards	$1,000	Undergraduate accounting students with outstanding academic performance	November 30, 2024
Northwestern Polytechnic Fletcher Mudryk Chartered Professional Accountants Scholarship	$1,500	Undergraduate accounting students demonstrating academic excellence	May 10, 2024

Financial Aid Options for International Students

Beyond scholarships, international students can explore various financial aid avenues:

• University-Specific Bursaries: Many universities offer bursaries to assist students facing unexpected financial help.
• Emergency Financial Assistance: Institutions like Toronto Metropolitan University offer one-time, non-repayable emergency bursaries for international students.
• Work-Study Programs: Many Canadian universities have work-study programs. That allows international students to work part-time on campus.
• External Scholarships and Grants: Various organizations and foundations offer scholarships to international students.

Career Opportunities after Studying Accounting in Canada

Pursuing an accounting degree in Canada opens doors to various rewarding career paths. The Canadian job market for accountants is much more favorable. According to recent data, the unemployment rate for finance and accounting professionals was 2.7% at the end of December 2024.

Post-Graduation Career Prospects for International Students

Major accounting firms, including Deloitte, KPMG, Ernst & Young, and Grant Thornton, actively recruit graduates. Additionally, various industries such as banking, healthcare, and technology seek accounting professionals.

As an international student with an accounting degree, you can explore several roles:

• Auditor
• Financial Analyst
• Accountant
• Financial Controller
• Tax Consultant
• Internal Control Analyst
• Mortgage Underwriter
• Financial Planning/Budget Coordinator
• Credit (Risk) Analyst
• Sales Analyst
• Junior Consultant
• Business Analyst/Associate
• Payroll Administrator

Post-Graduate Work Permits

Canada offers pathways for international graduates to gain work experience and potentially immigrate permanently. After completing a program of eight months (at least) at a designated institution, you may be eligible for a PGWP. With this, you can work for up to three years in Canada.

Frequently Asked Questions

How many years to study accounting in Canada?

A bachelor’s degree takes 3-4 years. A master’s degree takes 1-2 years. CPA certification needs extra study and work experience.

What are the eligibility criteria for international students to study accounting in Canada?

You need a high school diploma for a bachelor’s degree. A master’s degree needs a related bachelor’s. A good GPA and English test scores (IELTS 6.5+ or TOEFL 80-90) are required. Some universities may ask for recommendation letters and a statement of purpose.

What is the cost of studying accounting in Canada for international students?

Undergraduate fees range from CAD 20,000–40,000 per year. Master’s programs cost CAD 25,000–50,000 per year. Living costs are about CAD 10,000–15,000 per year. Scholarships can help reduce costs.

Which accounting course is best for Canada?

A Bachelor of Accounting or Bachelor of Commerce (Accounting) is a great choice. A Master of Accounting is also popular. If you want to be a CPA, pick a CPA-accredited program.

Can I stay in Canada after completing my accounting degree?

Yes, you can apply for a PGWP. It allows you to work for up to three years. This work experience can help you apply for permanent residency.

What is the process for international students to become a CPA in Canada?

First, complete a degree in accounting. Then, enroll in the CPA program. You must also gain work experience and pass the final CPA exam. The whole process takes a few years.

How long does it take to become a CPA in Canada?

It takes about 6-7 years in total. A bachelor’s degree takes 3-4 years. The CPA program takes 2-3 years, including work experience.

Are internships available for accounting students in Canada?

Yes, many universities offer co-op programs and internships. Big accounting firms and banks also hire interns. Internships help students get experience and better job opportunities.

Conclusion

Choosing to study accounting in Canada can open many doors. The country has top-ranked universities, strong job opportunities, and a clear CPA pathway. International students get access to quality education, diverse environments, and practical learning. While tuition and living costs can be high sometimes, scholarships can help reduce expenses.

After graduation, you’ll have a chance to stay and work in Canada with a PGWP. The demand for accountants is high. Many graduates also apply for permanent residency to build their future in Canada. If you plan well and meet the admission requirements, you can have a great learning experience!

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