Latest news with #CPACanada
Globe and Mail
5 days ago
- Business
- Globe and Mail
CPA compensation hits record high, outpaces inflation
TORONTO, Aug. 12, 2025 (GLOBE NEWSWIRE) -- Canadian Chartered Professional Accountants (CPAs) are earning more than ever before, with compensation growth outpacing inflation and doubling that of the broader workforce, according to new data from CPA Canada. The 2025 CPA Compensation Study, conducted by Leger, reports CPAs earned a national median compensation of $154,000 in 2024—the highest since the study began in 2012. This marks a 47 per cent increase over 12 years, highlighting the enduring demand and relevance of the CPA designation across a changing economic landscape. Between 2022 and 2024, the survey suggests median compensation for CPAs rose by 7.7 per cent, exceeding Canada's 6.4 per cent inflation rate over the same period. 'The CPA designation continues to offer a clear advantage in today's job market—opening doors, building careers and delivering strong returns,' says Andy Thomas, vice-president of education at CPA Canada. The earning potential for CPAs starts early in their careers, with those in the profession for less than three years reporting a median salary of $92,000. Compensation also climbs significantly with experience, reaching a median of $194,000 after 25 years in the profession. By comparison, Statistics Canada data shows that median earnings for full-time Canadian workers reached $70,000 in 2024, demonstrating the CPA designation's strong earning power. CPAs are increasingly stepping into strategic roles in a rapidly evolving business environment. Known for their strong ethical standards and role as trusted advisors, they are contributing to critical areas such as risk management and sustainability disclosure. Their expertise in providing independent assurance, navigating complex regulatory frameworks and supporting long-term decision-making continues to be in high demand. As organizations accelerate adoption of artificial intelligence (AI), CPAs are assuming key roles in AI governance and assurance. In fact, one-in-three survey respondents working in the software and technology space reported annual pay increases of 10 per cent or more—a signal of growing momentum in these emerging fields. 'From AI assurance to sustainability disclosure, CPAs are at the forefront of some of the most urgent and complex issues facing businesses today,' adds Thomas. 'As demand grows for trusted expertise, so too does recognition of the CPA's strategic value, reflected in increased compensation levels across the profession.' To schedule an interview with Andy Thomas or request the full 2025 CPA Compensation Study, please contact media@ Methodology Leger conducted the 2025 CPA Compensation Study on behalf of CPA Canada, from May 12 to 30, 2025. The report includes responses from more than 7,500 Canadian CPAs, sourced from CPA Canada's distribution list. Key median benchmarks, such as national and post-designation figures, are based on respondents with at least three years of experience to reflect more established earning levels. About CPA Canada
Yahoo
5 days ago
- Business
- Yahoo
CPA compensation hits record high, outpaces inflation
TORONTO, Aug. 12, 2025 (GLOBE NEWSWIRE) -- Canadian Chartered Professional Accountants (CPAs) are earning more than ever before, with compensation growth outpacing inflation and doubling that of the broader workforce, according to new data from CPA Canada. The 2025 CPA Compensation Study, conducted by Leger, reports CPAs earned a national median compensation of $154,000 in 2024—the highest since the study began in 2012. This marks a 47 per cent increase over 12 years, highlighting the enduring demand and relevance of the CPA designation across a changing economic landscape. Between 2022 and 2024, the survey suggests median compensation for CPAs rose by 7.7 per cent, exceeding Canada's 6.4 per cent inflation rate over the same period. 'The CPA designation continues to offer a clear advantage in today's job market—opening doors, building careers and delivering strong returns,' says Andy Thomas, vice-president of education at CPA Canada. The earning potential for CPAs starts early in their careers, with those in the profession for less than three years reporting a median salary of $92,000. Compensation also climbs significantly with experience, reaching a median of $194,000 after 25 years in the profession. By comparison, Statistics Canada data shows that median earnings for full-time Canadian workers reached $70,000 in 2024, demonstrating the CPA designation's strong earning power. CPAs are increasingly stepping into strategic roles in a rapidly evolving business environment. Known for their strong ethical standards and role as trusted advisors, they are contributing to critical areas such as risk management and sustainability disclosure. Their expertise in providing independent assurance, navigating complex regulatory frameworks and supporting long-term decision-making continues to be in high demand. As organizations accelerate adoption of artificial intelligence (AI), CPAs are assuming key roles in AI governance and assurance. In fact, one-in-three survey respondents working in the software and technology space reported annual pay increases of 10 per cent or more—a signal of growing momentum in these emerging fields. 'From AI assurance to sustainability disclosure, CPAs are at the forefront of some of the most urgent and complex issues facing businesses today,' adds Thomas. 'As demand grows for trusted expertise, so too does recognition of the CPA's strategic value, reflected in increased compensation levels across the profession.' To schedule an interview with Andy Thomas or request the full 2025 CPA Compensation Study, please contact media@ Methodology Leger conducted the 2025 CPA Compensation Study on behalf of CPA Canada, from May 12 to 30, 2025. The report includes responses from more than 7,500 Canadian CPAs, sourced from CPA Canada's distribution list. Key median benchmarks, such as national and post-designation figures, are based on respondents with at least three years of experience to reflect more established earning levels. About CPA Canada CPA Canada is one of the largest national accounting bodies in the world, representing more than 220,000 Chartered Professional Accountants at home and abroad. Working in the public interest, CPA Canada supports the profession by leading research, guidance and education initiatives that prepare CPAs for an ever-evolving global in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Toronto Star
5 days ago
- Business
- Toronto Star
CPA compensation hits record high, outpaces inflation
TORONTO, Aug. 12, 2025 (GLOBE NEWSWIRE) — Canadian Chartered Professional Accountants (CPAs) are earning more than ever before, with compensation growth outpacing inflation and doubling that of the broader workforce, according to new data from CPA Canada. The 2025 CPA Compensation Study, conducted by Leger, reports CPAs earned a national median compensation of $154,000 in 2024—the highest since the study began in 2012. This marks a 47 per cent increase over 12 years, highlighting the enduring demand and relevance of the CPA designation across a changing economic landscape.
Yahoo
07-06-2025
- Business
- Yahoo
CPA Canada and FP Canada team up to enhance financial services
Chartered Professional Accountants of Canada (CPA Canada) and FP Canada have signed a memorandum of understanding (MoU) to deliver more comprehensive financial guidance to Canadians. This move is aimed at fostering closer collaboration between the accounting and financial planning professions. The agreement will enable professional accountants under CPA Canada to enhance their credentials through improved access to FP Canada's courses and conferences. Both organisations will work together on continuing education, research, and thought leadership initiatives. Certified Financial Planner and Qualified Associate Financial Planner professionals will gain better access to select CPA Canada programmes, including accredited continuing education and national events. FP Canada will also share and promote CPA Canada's information, research, and updates to help financial planners remain current and competitive. CPA Canada president and CEO Pamela Steer said: 'The landscape of financial services is evolving quickly, and clients are looking for holistic advice that integrates tax, retirement, investment and estate planning. 'This agreement will allow CPAs to deepen their value to clients through greater access to financial planning credentials at FP Canada—and aligns with the professional rigour and ethical standards CPAs are known for.' For Canadians, this partnership will offer increased access to financial expertise from professionals adhering to high standards of ongoing education, ethics, and certification. The collaboration aims to provide comprehensive advice covering complex tax strategies and long-term financial planning, enabling more informed and confident financial decisions. FP Canada president and CEO Tashia Batstone said: 'This partnership represents a significant opportunity to leverage the strong reputations of two esteemed professional organisations in Canada's financial services sector. 'By working together, we can more effectively support the professionals who serve the public every day. This will ultimately help to strengthen the financial services ecosystem, for the benefit of all Canadians.' In January 2025, CPA Canada announced plans to enhance the professional development of Canadian chartered professional accountants (CPAs) with its new initiative, CPA Canada Connects. "CPA Canada and FP Canada team up to enhance financial services" was originally created and published by The Accountant, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Vancouver Sun
14-05-2025
- Business
- Vancouver Sun
Posthaste: High down payments keep Canadians out of homeownership
Saving up for a down payment on a home is the main obstacle for 32 per cent of prospective homebuyers, according to a new survey, but that's just one of the many hurdles they're facing. Thirty per cent point to high mortgage payments as their top barrier in home ownership, the survey by CPA Canada and BDO Debt Solutions said, but just 10 per cent preferred the flexibility of renting. 'The dream of owning a first home is slipping away for many Canadians,' Nancy Snedden, a licensed insolvency trustee and president at BDO Debt Solutions, said in a news release. Start your day with a roundup of B.C.-focused news and opinion. By signing up you consent to receive the above newsletter from Postmedia Network Inc. A welcome email is on its way. If you don't see it, please check your junk folder. The next issue of Sunrise will soon be in your inbox. Please try again Interested in more newsletters? Browse here. 'With the cost of living on the rise, saving for a home has become increasingly challenging. It's concerning that only two per cent of non-homeowners in Canada are able to make their emergency fund a financial priority, while many are relying on credit to cover their expenses.' Down payment amounts depend on several factors, but the minimum needed for a home valued at less than $500,000 is five per cent of the purchase price. For homes valued between $500,000 and $1 million, a five per cent down payment is required for the first $500,000 and 10 per cent for the remainder. Homes valued at more than $1 million require a 20 per cent down payment. Under these general conditions, the average selling price from March of $678,331 would require a down payment of at least $43,833, but home prices are much higher in Canada's urban areas. 'Homeownership is closely tied to financial stability and wealth accumulation,' Li Zhang, a financial literacy leader at CPA Canada, said in the release. 'This is reflected in the behaviour of Canadians: homeowners are more likely to save for retirement and invest, while renters often live paycheque to paycheque. Only four per cent of renters report prioritizing lifestyle spending — most are simply struggling to cover the basics.' It's become so hard to save for a down payment that Canadians are increasingly relying on their parents for support. A CIBC survey in 2024 said 31 per cent of first-time homebuyers relied on parental gifts for a down payment, compared to 20 per cent in 2015. Despite the challenges, the federal government has tried to make saving for a down payment more accessible. The first home savings account (FHSA) is designed to help first-time homebuyers with their down payments, offering savings accounts that work as both a tax-free savings account (TFSA) and registered retirement savings plan (RRSP). The federal government has also announced 30-year mortgage amortizations, which are meant to help younger prospective homebuyers by reducing monthly mortgage payments. Sign up here to get Posthaste delivered straight to your inbox. Canadian shipments to the United States have tumbled in the wake of U.S. tariffs while exports to other nations soared. Canadian exports to the U.S. fell 6.6 per cent in March, the biggest drop since the COVID-19 pandemic. Meanwhile, Canadian exports to other nations climbed 24.8 per cent in the month, led by gold and crude oil. The jump almost entirely offsetted the losses from U.S. exports. Read more here. For those faced with a sudden retirement, waiting out the time before the Canadian Pension Plan and Old Age Security can be stressful. For those faced with this situation it may be prudent to alter some life choices to save money, including keeping a car for longer, finding a job or reducing spending, certified financial planner Allan Norman wrote. Want to learn more about mortgages? Mortgage strategist Robert McLister's Financial Post column can help navigate the complex sector, from the latest trends to financing opportunities you won't want to miss. Plus check his mortgage rate page for Canada's lowest national mortgage rates, updated daily. Visit the Financial Post's YouTube channel for interviews with Canada's leading experts in business, economics, housing, the energy sector and more. Today's Posthaste was written by Ben Cousins with additional reporting from Financial Post staff, The Canadian Press and Bloomberg. Have a story idea, pitch, embargoed report, or a suggestion for this newsletter? Email us at posthaste@ . Bookmark our website and support our journalism: Don't miss the business news you need to know — add to your bookmarks and sign up for our newsletters here
