Pursuing a Masters in Accounting in Canada provides students with the opportunity to gain advanced expertise in financial management, auditing, taxation, and strategic decision-making.
MSM Unify supports students in every stage of their study abroad journey, from selecting programs to applying for scholarships and navigating the admission process, making the path to studying in Canada smoother and more accessible.
Why pursue a Masters in Accounting in Canada?
World-class education and accreditation
Top Canadian universities are renowned for their strong academic standards, accredited programs, and industry connections. By pursuing a Masters in Accounting in Canada, students gain internationally recognized qualifications that enhance their employability and career growth in accounting and finance.
High demand and career opportunities
With a growing demand for skilled accounting professionals, a Masters in Accounting in Canada opens doors to various career paths, including auditing, financial analysis, and consulting, across sectors like banking, consulting, and public administration.
Affordable tuition and scholarships
Compared to other popular study destinations, Canada offers more affordable tuition fees and numerous scholarships to support international students in managing their education costs.
Inclusive environment and cultural diversity
Canada’s multicultural society makes it a welcoming environment for international students, allowing them to experience a blend of cultures and perspectives, which enriches both their personal and academic journeys.
Masters in Computer Science in Canada
Top universities in Canada for Masters in Accounting
Canada is home to some of the best universities offering advanced accounting programs. Below is a list of universities in Canada offering Masters in Accounting, along with program details and tuition fees:
| University | QS World University Rankings 2025 | Programs offered | Average Tuition Fee (CAD) |
| University of Toronto | 21 | Master of Accounting and Finance | CAD 40,000 approximately per year |
| University of British Columbia (UBC) | 47 | MSc in Accounting | CAD 32,000 approximately per year |
| McGill University | 31 | Master of Management in Accounting | CAD 60,000 approximately per year |
| York University | 456 | Master of Accounting | CAD 30,000 approximately per year |
| University of Alberta | 113 | Master of Accounting | CAD 10,000 approximately per year |
| Western University | 170 | MSc in Management – Accounting Stream | CAD 18,000 approximately per year |
| Concordia University | 521-530 | MSc in Accounting | CAD 20,000 approximately per year |
Please note: Tuition fees are approximate and may vary by program and academic year.
Admission requirements for Masters in Accounting in Canada
Each university has its admission criteria, but here are the general requirements for a Masters in Accounting in Canada:
Academic background
A bachelor’s degree in accounting, finance, business, or a related field is usually required. Most programs expect a minimum GPA of 3.0 on a 4.0 scale.
Language proficiency
International students must provide proof of English proficiency test through standardized tests:
Statement of Purpose (SOP)
An SOP for canada explaining the applicant’s academic background, career goals, and reasons for pursuing a Masters in Accounting in Canada.
Letters of Recommendation
Two or three letters of recommendation for Canada from academic or professional contacts who can validate the applicant’s skills in accounting, finance, or related fields.
Please note: Admission requirements may vary by university, so it is recommended to check specific requirements for each institution.
Masters in Data Science in Canada
Specializations in Masters in Accounting in Canada
A Masters in Accounting in Canada offers various specializations, enabling students to focus on areas that align with their career goals:
Financial Accounting
Focuses on the preparation and analysis of financial statements, making it suitable for students interested in roles in corporate finance, accounting, and financial reporting.
Auditing and Assurance
This specialization covers the principles and techniques of auditing, equipping students with skills to conduct internal and external audits, and ensuring accuracy and compliance.
Taxation
Ideal for students aiming to become tax consultants, this specialization delves into tax laws, planning, and compliance, providing expertise in corporate and individual taxation.
Management Accounting
This specialization focuses on internal accounting processes, including budgeting, cost management, and performance measurement, preparing students for managerial roles.
Forensic Accounting
Forensic accounting covers fraud detection, investigation, and prevention. It’s ideal for students interested in careers in risk management, compliance, and fraud prevention.
Cost of studying Masters in Accounting in Canada
Cost of Studying in Canada includes tuition fees and additional expenses such as accommodation and study materials. Below is an estimate:
| Expense category | Estimated Annual Cost (CAD) |
| Tuition fees | CAD 12,000 – CAD 60,000 approximately |
| Living expenses | CAD 12,000 – CAD 15,000 approximately |
| Health insurance | CAD 600 – CAD 1,000 approximately |
| Study materials | CAD 500 – CAD 1,000 approximately |
| Public transportation | CAD 500 – CAD 800 approximately |
Please note: Approximate costs may vary based on location, accommodation, and lifestyle.
Masters in Management in Canada
Scholarships for Masters in Accounting in Canada
Numerous canada scholarships are available to support international students pursuing a Masters in Accounting in Canada. Here are some notable scholarships:
| Scholarship | Eligibility criteria | Amount (CAD) |
| Vanier Canada Graduate Scholarships | High academic achievement and leadership potential | CAD 50,000 approximately per year |
| Ontario Graduate Scholarship | Enrollment in an Ontario graduate program | CAD 10,000 – CAD 15,000 approximately per year |
| Canada Graduate Scholarships – Master’s | Research-based programs | CAD 17,500 approximately per year |
| University-specific Scholarships | Varies by university | Varies |
| Mitacs Globalink Research Award | Research projects within Canada | CAD 6,000 approximately |
Please note: Scholarship amounts and eligibility criteria are subject to change.
Career prospects and average salaries after Masters in Accounting in Canada
A Masters in Accounting in Canada opens doors to numerous career opportunities across industries. Here’s a look at popular roles and their average annual salaries:
| Job title | Average annual salary (CAD) |
| Financial Analyst | CAD 65,000 – CAD 85,000 approximately |
| Auditor | CAD 60,000 – CAD 80,000 approximately |
| Tax Consultant | CAD 70,000 – CAD 90,000 approximately |
| Management Accountant | CAD 68,000 – CAD 88,000 approximately |
| Forensic Accountant | CAD 75,000 – CAD 95,000 approximately |
| Accounting Manager | CAD 80,000 – CAD 100,000 approximately |
Please note: Salaries vary based on experience, location, and specific employer.
SOP tips for Masters in Accounting in Canada
A strong Statement of Purpose (SOP) can enhance your application. Here are tips for writing an impactful SOP:
Showcase relevant academic and work experience
Discuss your academic background in accounting or related fields and highlight the relevant work experience that supports your goals.
Describe career goals
Explain how a Masters in Accounting in Canada aligns with your long-term goals and how it will help you achieve them.
Emphasize skills in Analytical Thinking and Problem-Solving
Accounting requires strong analytical and problem-solving skills. Highlight any relevant skills or experiences that demonstrate these abilities.
Conclusion
Pursuing a Masters in Accounting in Canada provides a pathway to a rewarding career in the accounting and finance sectors. Canada’s top universities, affordable tuition, and ample job opportunities make it an ideal destination. MSM Unify overseas education consultant has helped 1,86,000+ students achieve their study-abroad dreams, offering over 50,000 programs across 1,500+ campuses in 21 destinations, ensuring students receive comprehensive guidance throughout the journey.
FAQs
1. How long does a Masters in Accounting in Canada take to complete?
Most programs are designed to be completed in 1.5 to 2 years, depending on whether the student enrolls full-time or part-time.
2. Are scholarships available for international students in accounting programs?
Yes, scholarships such as the Vanier Canada Graduate Scholarship and Ontario Graduate Scholarship are available to help with tuition costs for qualified students.
3. What are the basic admission requirements for a Masters in Accounting in Canada?
Requirements generally include a bachelor’s degree in a relevant field, proof of English proficiency, and sometimes letters of recommendation or an SOP.
4. Is it possible to study for a Masters in Accounting in Canada without a GMAT?
Yes, many universities do not require a GMAT for admission, though requirements vary by program.
5. Can international students work while studying?
Yes, international students can work up to 20 hours per week during terms and full-time during breaks, which helps cover living expenses.
6. What career options are available after completing a Masters in Accounting in Canada?
Graduates can work as financial analysts, auditors, tax consultants, forensic accountants, or accounting managers. These roles are available across diverse industries, including finance, public administration, and consulting.
7. What is the average tuition fee for a Masters in Accounting in Canada?
Tuition fees for a Masters in Accounting in Canada typically range from CAD 12,000 to CAD 20,000 per year, though costs vary depending on the university and program chosen.
8. What is the average starting salary for accounting graduates in Canada?
Starting salaries for graduates in accounting roles usually range from CAD 60,000 to CAD 80,000 approximately annually, depending on the specific role, employer, and location within Canada.
9. Are there online options for a Masters in Accounting in Canada?
Yes, many universities offer online or hybrid programs for accounting, allowing students who cannot attend campus-based classes to study remotely and at their own pace.
10. How can MSM Unify assist with the application process for a Masters in Accounting in Canada?
MSM Unify provides support with program selection, scholarship applications, and visa guidance, making the application process to study in Canada more streamlined and accessible for international students.
Google