Latest news with #CharteredProfessionalAccountants
Globe and Mail
7 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
7 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
Global News
14-07-2025
- Business
- Global News
Complaint by former Liberal party president against N.S. auditor general dismissed
A regulatory body has dismissed a complaint by the former president of the Nova Scotia Liberal Party against the province's auditor general regarding a report she completed last year on the misuse of public funds. Joseph Khoury complained to Chartered Professional Accountants Nova Scotia last year after Kim Adair asked the RCMP to investigate a potential 'concealment' of the theft of public money by a party employee. A spokeswoman for the accountants' oversight body said it decided on June 10 'to dismiss the complaint in whole' against Adair, though the reasoning wasn't made public. Get daily National news Get the day's top news, political, economic, and current affairs headlines, delivered to your inbox once a day. Sign up for daily National newsletter Sign Up By providing your email address, you have read and agree to Global News' Terms and Conditions and Privacy Policy Khoury was the party's president when the theft was discovered in December 2020. He has said the party investigated the theft and recovered the stolen money. He also alleged Adair's report issued in February 2024 was incomplete and that it is defamatory toward him and the Liberals. Story continues below advertisement Adair's report said her office was aware of 'concerning information' that revealed the party tried to hide and delay the matter 'until after the 2021 election,' which the incumbent Liberals lost to the Progressive Conservatives. It also said the former employee's misuse of travel claims and a party credit card led to the employee's resignation and the reimbursement of more than $194,000 by the employee. The reimbursements were to cover the cost of the missing funds and of the forensic audit that followed. This report by The Canadian Press was first published July 14, 2025.
Globe and Mail
13-05-2025
- Business
- Globe and Mail
Forget rising home equity – inheritances are the new wealth brag
A refreshing change brought on by a stagnant real estate market is that you no longer hear people wealth-bragging about how their houses are soaring in value. If you miss the chatter, just hang on. Inheritances are set to take over as the lead narrative on instant wealth creation. The amount of money to be passed down by boomers to their millennial and Gen Z children was estimated at $1-trillion by The Chartered Professional Accountants of Canada. Inheritances are like houses and pensions – amazing if you have one, and discouraging if you don't. But with vast amounts of money changing hands, inheritances demand attention. Help us dig into this topic by sharing your stories about money, property or other items that you received or expect to get from parents and others. What are you doing with your inheritance, and what kind of difference will it make in your life? Send your thoughts to April Fong, The Globe and Mail's deputy editor, personal finance, at afong@ In a Carrick on Money reader survey, 81 per cent of the participants said they anticipated an inheritance of money from parents. Most participants said they expected a six-figure amount, and almost four in 10 said inheritances sometimes get mentioned in their circle of family and acquaintances. Boomers have the wealth to pass down as a result of their success in building wealth via hard work and fortunate timing in the housing market. But there are some reasons to question exactly how much money boomers will end up passing along, including the fact that people are living longer but not necessarily healthier. Like the concept of retirement, inheritances are evolving. Many boomer parents are giving their kids money right now rather than waiting until after they die. Money for home down payments is included here, but boomers are also helping with regular household expenses faced by their adult children – and grandkids as well. We look forward to hearing your inheritance stories. If you want to vent about living in an inheritance world without rich parents, that's cool, too. Are you reading this newsletter on the web or did someone forward the e-mail version to you? If so, you can sign up for Carrick on Money here. Are you someone who is struggling to sell your house and downsize? How is that impacting your retirement plans? E-mail retirement reporter Meera Raman at mraman@ with your story. Discount and sell-it-yourself realty options haven't really clicked in Canada, yet this Reddit discussion documents the skepticism some people feel about paying tens of thousands in real estate commissions when selling. Here's a Globe and Mail story on a company called CommFree that offers packages from $497 to $1,197 to help people sell their own home. Now, for a forecast of further price declines in the Toronto condo market. First-time buyers, this could be good news for you. Your freezer should be 70 to 80 per cent full to work most efficiently. Stuffing it with bulk purchases can over-fill your freezer, and result in you forgetting about food that ends up damaged by freezer burn. The S&P 500 stock index has average annual returns of around 10 per cent for the past 10 years. Here's a look at how unusual that is. Plan for less. The Liberals promised in the recent federal election campaign to reduce the minimum mandatory withdrawal this year from registered retirement income funds by 25 per cent. Here are some thoughts on what to do with RRIFs while we wait for the new government to find out how this temporary rule change will be administered. Subscribe to Stress Test on Apple podcasts or Spotify. Reader comment: 'On tipping, I tip at 15 per cent. With the cost of food and beverages going up drastically, the well-deserving servers are getting a raise just based upon price increases. I tip on the whole amount including tax so feel quite comfortable doing this. Do you have a question or comment for me? Send it my way. Sorry I can't answer every one personally. Questions and answers are edited for length and clarity. Tools and guides This chart shows how women live longer than men in every country. In the social sphere Social Media: Are you cheap or frugal? Listen: Travel to the U.S. is down, so where are Canadians vacationing? Money-Free Zone: A reader suggested I listen to Jesse Welles' The Poor, and now I'm returning the favour by including it here. This song punches hard. An old school protest song with acoustic guitar and harmonica. More PF from The Globe
