Findings from the 2019 CPA Profession Compensation Study Report are now available for Alberta CPAs to view. The results are based on a sample of 29,049 Chartered Professionals Accountants (CPAs) across Canada who provided their feedback.
The study revealed that Canadian CPAs have a median annual compensation of $112,000 and an average of $152,000. That is an increase from 2016 levels (as reported in the 2017 study), which found a median of $107,000 and a mean of $146,000—a 5% increase in median and a 4% increase in mean compensation.
Finding highlights:
- From a provincial standpoint, median compensation within the provinces was highest in Alberta ($126,000), followed by Saskatchewan ($121,000), and Ontario ($117,000). Alberta also had the highest average compensation of $175,000.
- In Census Metropolitan Areas with over 100 members reporting, the highest median compensation can be found among CPAs residing in Calgary, Saskatoon, and Toronto with medians of $133,00; $127,000 and $123,000 respectively.
- Internationally, CPAs in some countries were not contacted due to local privacy laws. However, based on information provided by participating CPAs outside of Canada, the median compensation for international workers was $165,000. The highest median compensation is among those working in Hong Kong ($220,000), the United States, and Bermuda ($190,000 in both cases).
- Among industries with at least 100 members reporting, the highest median compensation can be found in holding companies, mining, and oil and gas. The industry with the highest median compensation gain (based on the percentage increase between 2016 and 2018) was technology/IT, with an increase of 12%.
For the complete survey findings, log in and view the complete study on CPA Canada’s website, here.
