Masters in Accounting in Canada: Top Universities, Course Fees, Eligibility, Placement and Career Scope
Masters in Accounting in CanadaPlanning to pursue a Masters in Accounting in Canada, then you are at the right place. Canada is home to the world’s best universities for accounting students. Whether you want to build a career in finance, auditing, or corporate accounting, a Master’s degree in accounting from Canada can open many doors for you.
Canada has top universities like the University of Toronto, the University of British Columbia (UBC), McGill University, and York University (Schulich School of Business) that offer the best accounting programs. These courses are designed to meet global industry standards and help students gain both practical and theoretical skills.
The average tuition fee for a Master’s in Accounting in Canada can range between $ 20,000 - $ 45,000 per year, depending on the university, and the fresher graduates earn an average salary of around $ 50,000 to $ 80,000 yearly, with top recruiters like Deloitte, PwC, EY, KPMG, and RBC.
Canada offers top-class faculty and a strong job placement rate. This blog will help you explore everything you need to know.
Masters in Accounting in Canada: Quick Highlights
The table below represents the key highlights about the Master in Accounting in Canada, which includes top universities in Canada, course duration, intake seasons, and average fees.
Feature | Details |
Program Name | Master in Accounting |
Program Duration | 1 - 2 years |
Top Universities | University of Toronto, UBC, McGill University, York (Schulich) |
Average Tuition Fees | $ 20,000 – $ 45,000 annually |
Intake Seasons | September (Fall intake) and January (Winter intake) |
Eligibility | A Bachelor in a related field and an IELTS/TOEFL valid score. |
Work Permit after Study | Up to 3 years |
Average Salary after Graduation | $ 50,000 – $ 80,000 yearly (Fresher) |
Top Recruiters | Deloitte, EY, KPMG, RBC, and many more. |
Masters in Accounting in Canada: Important Dates and Events
The table below shows the upcoming important dates for the 2025-2026 intake of Masters in Accounting in Canada.
Event | Winter 2026 Intake | Fall 2026 Intake |
Application Opens | Already Open (from May 2025) | Expected from October – December 2025 |
Application Deadline | August – September 2025 | January – March 2026 |
Offer Letters Released | September – October 2025 | February – April 2026 |
Tuition Fee Payment Deadline | November 2025 | June – July 2026 |
Visa Application Deadline | October – November 2025 | May – June 2026 |
Orientation & Registration | Early January 2026 | Late August 2026 |
Program Start Date | January 2026 | September 2026 |
Application Start & End Dates for Top Universities
The table below shows important application start and end dates for top universities offering Masters in Accounting in Canada.
University | Application Opens | Application Deadline (International) |
University of Toronto (Accounting & Finance MSc) | NA | March 31, 2026 |
University of Toronto (Rotman MMPA) | Estimated October 2025 | Early round October 31, 2025; Regular early 2026 |
University of British Columbia (UBC) | NA | December 31, 2025 |
York University (Schulich) | June 18, 2025 | March 4, 2026 |
University of Waterloo | Expected late 2025 | January – March 2026 (estimated) |
Masters in Accounting in Canada: Visa Application Timeline
The table below shows key visa steps and dates for international students applying to Masters in Accounting in Canada.
Step | For September 2025 Intake | For January 2026 Intake |
Receive the Offer Letter | February – June 2025 | August – October 2025 |
Pay Tuition Deposit | Within 2–4 weeks of the offer | Within 2–4 weeks of the offer |
Start Visa Application | May – July 2025 | September – November 2025 |
Book Biometric Appointment | Within 2 weeks of application | Within 2 weeks of application |
Submit Biometric Data | May – August 2025 | September – December 2025 |
Wait for Visa Processing | May – August 2025 | September – December 2025 |
Receive Visa Approval | By late August 2025 | By late December 2025 |
Travel to Canada | Late August 2025 | Late December 2025 |
Classes Begin | September 2025 | January 2026 |
Masters in Accounting in Canada: Fees
The table below highlights the overall cost of studying Masters in Accounting in Canada.
Expense Type | Estimated Cost (in $) |
Tuition Fees | $15,000 – $45,000 per year |
Living Expenses | $10,000 – $15,000 per year |
Books & Study Materials | $500 – $1,000 per year |
Health Insurance | $600 – $1,000 per year |
Visa & Miscellaneous Fees | $150 – $300 |
Scholarships & Financial Aid | Varies |
Why Choose a Masters in Accounting in Canada?
The following points represents why many students choose a Masters in Accounting in Canada.
- Globally recognised degree: Canadian universities follow international standards like IFRS, making your degree valuable worldwide.
- Strong career outcomes: Graduates often land jobs with top companies like Deloitte, EY, PwC, and KPMG. Salaries usually range between $50,000 -$85,000 $ per year.
- Pathway to permanent residency (PR): After graduation, students are eligible for a Post-Graduation Work Permit (PGWP), which supports PR options.
- Work while you study: Indian students can work up to 20 hours per week during studies and full-time during breaks.
- Affordable and high return on investment: Lower tuition fees compared to other top countries, and a strong chance of getting placed quickly.
Masters in Accounting in Canada: Qualification
To apply for a Masters in Accounting in Canada, candidates must meet the basic criteria.
Requirement | Details |
Educational Background | Bachelor’s degree in accounting, commerce, or related field. |
English Proficiency |
|
GMAT/GRE | May be required by some universities |
Work Experience | Not always required, but 1–2 years is helpful. |
Transcripts & References | Academic transcripts and 1–2 letters of recommendation. |
Statement of Purpose | Brief essay on goals and reasons for choosing accounting. |
Masters in Accounting in Canada: Eligibility Criteria – Category-wise
The table below shows the key eligibility criteria for both freshers and experienced applicants applying for a Masters in Accounting in Canada.
Applicant Type | Key Criteria |
Fresh Graduates |
|
Experienced Applicants |
|
English Proficiency |
|
Masters in Accounting in Canada: Application Process
The steps below represent the application process for a Masters in Accounting in Canada for Indian students.
Step | Details |
1. Research & Shortlist | Explore universities, check course details, deadlines, and eligibility. |
2. Take Required Tests | Attempt IELTS/TOEFL. A GMAT may be needed for some universities. |
3. Prepare Documents | Collect transcripts, SOP, LORs, resume, and test scores. |
4. Apply Online | Submit applications via official university portals |
5. Pay Application Fee | Usually between CAD 100–150 (varies by university). |
6. Wait for the Offer Letter | If shortlisted, receive an admission offer. |
7. Accept Offer & Pay Deposit | Confirm your seat by paying the initial deposit (if required). |
8. Apply for a Visa | Start your Canada student visa process (apply at least 3–4 months in advance). |
Masters in Accounting in Canada: SOP, LOR, and Resume
The table below shows key documents needed for Masters in Accounting in Canada, along with simple tips.
Document | Quick Tips |
SOP | Write a clear 1000–1500-word essay about your background, goals, and why you want to study in Canada. |
LOR | 1–2 letters from professors or employers highlighting your skills and potential. |
Resume | A short, updated resume with education, experience, and relevant skills. |
Top Course Masters in Accounting in Canada
The table below lists some of the top courses offered under Master's in Accounting in Canada across leading universities.
University | Course Name | Duration |
University of Toronto | Master of Accounting and Finance (MAccFin) | 16 months |
University of British Columbia | Master of Professional Accounting (MPAcc) | 24 months |
York University | Master of Accounting (MAcc) | 12 months |
University of Waterloo | Master of Accounting (MAcc) | 8–12 months |
McGill University | Graduate Certificate in Professional Accounting | 12–18 months |
Masters in Accounting in Canada: IELTS/TOEFL Tips
The table below highlights simple tips to help you score well in English tests for Masters in Accounting in Canada.
Test Section | Tips to Improve |
Reading | Read newspapers and business articles daily. Focus on understanding tone and structure. |
Listening | Watch lectures, podcasts, or TED Talks in English |
Writing | Practice writing short essays |
Speaking | Speak English with friends or record yourself. Focus on fluency, not accent. |
Masters in Accounting in Canada: Cutoff
The table below shows the IELTS and TOEFL score requirements for a Master's in Accounting in Canada at top universities.
University | IELTS Cutoff | TOEFL iBT Cutoff |
University of British Columbia (UBC Sauder) | 6.5–7.0 overall | 90–100 |
University of Toronto (Rotman Commerce/MMPA) | 7.0 overall | 93–100 |
McGill University (Desautels) | 6.5–7.0 overall | 86–100 |
University of Waterloo (School of Accounting and Finance) | 7.0 overall | 90+ |
Masters in Accounting in Canada: Syllabus
A Masters in Accounting program in Canada covers a range of core accounting disciplines and advanced topics, including strategic performance management, taxation, corporate finance, financial statement analysis, corporate governance, accounting for non-profit organizations, and information technology & systems.
Masters in Accounting in Canada: Core Courses
The table below highlights the key core courses that are commonly part of the Masters in Accounting in Canada.
Course Name | Description |
Financial Accounting | Focuses on preparing and analyzing financial statements. |
Managerial Accounting | Helps in internal decision-making and budgeting. |
Corporate Finance | Covers capital structure, valuation, and financial strategy. |
Auditing and Assurance | Deals with audit processes and standards. |
Financial Reporting Standards | Covers IFRS and other key reporting principles. |
Accounting Information Systems | Introduces systems used to collect and manage financial data. |
Masters in Accounting in Canada: Electives & Specializations
The table below lists common elective courses and specializations offered under the Masters in Accounting in Canada.
Elective/Specialization | Description |
Taxation | Covers personal and corporate tax systems and regulations. |
Forensic Accounting | Focuses on fraud detection, investigation, and prevention. |
Business Analytics | Teaches data-driven decision-making in financial contexts. |
International Accounting | Explores global accounting standards and practices. |
Ethics in Accounting | Studies ethical issues and responsibilities in the profession. |
Risk Management | Analyzes financial and operational risk in organizations. |
Strategic Performance Management | Focuses on evaluating and improving organizational performance. |
Best Universities/Colleges in Canada for Masters in Accounting
The table below top 5 universities that offer the best Master's in Accounting in Canada with the latest estimated yearly fees in USD.
University | Location | Estimated Annual Tuition (USD) |
York University (Schulich MAcc) | Toronto, Ontario | $55,000–60,000 |
University of Toronto (MMPA/MSc) | Toronto, Ontario | $45,000–50,000 |
UBC Sauder (Accounting‑related) | Vancouver, British Columbia | $50,000–55,000 |
McGill University (Desautels) | Montreal, Quebec | $30,000–35,000 |
University of Waterloo (MAcc) | Waterloo, Ontario | $25,000–30,000 |
Masters in Accounting in Canada: Public Universities
The table below highlights the top public universities in Canada offering a Master’s in Accounting, along with their QS World Rankings for 2025.
University | QS Ranking (Accounting & Finance) | Seats for Int’l Students |
University of Toronto (Rotman – MMAcc/MAcc) | Top 10 globally 🇨🇦 (subject) | Approx. ≥70 seats per intake (e.g., Rotman’s One-Year MBA admits ~70 students) |
University of British Columbia (UBC Sauder – MAcc equivalent) | 11–20 globally | Est. 40–80 seats including global track |
University of Alberta (MAcc) | 100–150 globally | Current intake: ~50–60 seats; int’l ~40% |
University of Waterloo (MAcc) | 101–150 globally (School of Accounting & Finance) | 60 seats; co-op placements critical for internationals |
University of Saskatchewan (MPAcc) | Not in top 100; strong national presence | 30–40 seats; open to internationals |
Carleton University (Sprott MAcc) | 150–200 globally (inferred) | 40 seats; trains for CPA exemption |
McGill University (Diploma / Master in Accounting stream) | 26–50 globally (related programs) | Diploma track ~30 seats; master streams vary |
McMaster University (Master streams) | 150–200 globally | 25–35 seats; mix of int’l and domestic |
Queen’s University (Master of Management – Accounting) | 101–150 globally | 40 seats; strong domestic/international mix |
Masters in Accounting in Canada: Private Universities
The table below shows some of the top private universities in Canada offering a Master's in Accounting, along with their QS rankings and estimated seat intake.
University | QS World Ranking (2025) | Estimated Annual Intake Size (Accounting program only) |
University Canada West (UCW) | NA | 100–150 seats approx |
Yorkville University | NA | 50–100 seats approx |
Trinity Western University | NA | 30–50 seats approx |
Fairleigh Dickinson (Canada) | NA | 30–50 seats approx |
King’s University | NA | 20–40 seats approx |
Masters in Accounting in Canada vs Master's in Accounting in India
The table below compares key differences between pursuing a Master's in Accounting in Canada vs India.
Factor | Masters in Accounting in Canada | Masters in Accounting in India |
Program Duration | 1 to 2 years | 2 years |
Tuition Fees (Annual) | ₹15–35 Lakhs | ₹50,000–₹4 Lakhs |
Living Costs (Annual) | ₹8–12 Lakhs | ₹1–2 Lakhs |
Global Exposure | High | Limited |
Career Opportunities | Global job market, higher salary potential | Limited to domestic firms |
Average Starting Salary | ₹35–50 Lakhs per year (Canada-based roles) | ₹4–10 Lakhs per year |
Permanent Residency Option | Available | Not applicable |
Language Requirement | IELTS/TOEFL required | Not required |
Masters in Accounting in Canada: Scholarships
The table below highlights top scholarships in USD for Indian students pursuing a Master's in Accounting in Canada.
Scholarship Name | Amount (USD) | Offered By |
Ontario Graduate Scholarship (OGS) | $11,000 – 12,000 | Government of Ontario |
Vanier Canada Graduate Scholarships | $36,000 – 38,000 | Government of Canada |
UBC International Leader of Tomorrow Award | Full tuition | University of British Columbia |
Schulich Leader Scholarships | $5,000 – 11,000 | York University |
Haskayne MBA Entrance Scholarships | $3,500 – 15,000 | University of Calgary |
Rotman Entrance Awards | NA | University of Toronto |
Concordia Entrance Scholarships | Up to full tuition | Concordia University |
Career Scope After Masters in Accounting in Canada
Explore some of the popular job roles and their average salaries in India after Masters in Accounting in Canada
Job Role | Average Salary (INR/year) |
Chartered Professional Accountant (CPA) | ₹36 – 60 lakhs |
Financial Analyst | ₹33 – 51 lakhs |
Auditor | ₹30 – 48 lakhs |
Tax Consultant/Advisor | ₹33 – 54 lakhs |
Budget Analyst | ₹33 – 51 lakhs |
Management Accountant | ₹36 – 57 lakhs |
Masters in Accounting in Canada: Top Recruiters
Check out some of the top recruiters hiring accounting graduates in Canada in the table below.
Top Recruiters | Industry |
Deloitte | Audit & Consulting |
Ernst & Young (EY) | Audit, Tax & Advisory |
PricewaterhouseCoopers (PwC) | Audit, Risk & Tax |
KPMG | Audit & Financial Services |
RBC (Royal Bank of Canada) | Banking & Finance |
TD Bank Group | Banking & Finance |
Scotiabank | Financial Services |
BDO Canada LLP | Accounting & Consulting |
Shopify | E-commerce & Tech Finance |
Masters in Accounting in Canada: Salary Package
The table below represents the average annual salary packages offered to accounting graduates in Canada
Job Role | Average Salary (INR/year) |
Entry-Level Accountant | ₹28 – 36 lakhs |
CPA (Chartered Professional Accountant) | ₹36 – 60 lakhs |
Financial Analyst | ₹33 – 51 lakhs |
Internal Auditor | ₹30 – 48 lakhs |
Tax Associate | ₹33 – 54 lakhs |
Senior Accountant | ₹42 – 66 lakhs |
Frequently Asked Questions
Ques: What is the duration of a Master’s in Accounting in Canada?
Ans: The duration of the program is typically 1 to 2 years, depending on the university and course structure.
Ques: What is the average tuition fee for a Master’s in Accounting in Canada?
Ans: The average tuition fee ranges from $20,000 to $45,000 per year, depending on the university.
Ques: What are the job opportunities after completing a Master’s in Accounting in Canada?
Ans: Graduates can work as CPAs, financial analysts, auditors, tax consultants, and accounting managers with top recruiters like Deloitte, PwC, EY, KPMG, and RBC.
Ques: Is work experience required to apply for a Master’s in Accounting in Canada?
Ans: Work experience is not mandatory but having 1–2 years of relevant experience can strengthen your application. Fresh graduates are also eligible to apply.
Ques: Can international students work during the course?
Ans: Yes, international students can work up to 20 hours per week during academic sessions and full-time during breaks.