Recent trends from the past 3 years Over the past few years (2022-2024), the labour market was balanced for Accounting technicians and bookkeepers near Toronto (ON). The number of job openings was about the same as the number of workers available in this occupation.
Is Bookkeeping in Demand in Canada? Bookkeeping is one of the most in-demand jobs in Canada, and its popularity continues to grow. The Government of Canada projects the addition of 116,700 available roles for Bookkeepers and Accounting Technicians in Canada now through 2031.
A: Bookkeepers handle day-to-day transactions, while accountants focus on the bigger financial picture and complex tax matters. Many small businesses in Canada need both!
Automation and artificial intelligence have led to fears that traditional accounting roles may become obsolete. Accounting Today reported that the U.S. Bureau of Labor Statistics projects a 5% decline in bookkeeping, accounting and auditing jobs by 2023 due to technological advancements.
Bookkeeping has always been about more than just data entry. It requires critical thinking, attention to detail, relationship-building, and the ability to understand each client's specific needs. AI can't replace that.
Their expertise extends to tax law, financial analysis, and regulatory compliance, equipping them to handle more complex financial tasks. Accountants also earn a higher salary than bookkeepers on average ($79,880 vs. $47,440, as shown above by the U.S. Bureau of Labor Statistics).
canada's top 15 most in-demand jobs for 2026.
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There are more qualified candidates than open roles, employers are hiring slower, and hiring processes have become far more selective. Add ATS filters, “Canadian experience” bias, and risk-averse decision-making, and even strong candidates get stuck. That's why applying more isn't the answer. Competing differently is.
In Toronto, 100K salary gives you about 74, 800 after taxes but rent alone can eat up 30 to 50% of your income. So between housing, transit, and groceries, a six-figure salary can start to feel average in one of Canada's priciest cities.
Accounting often requires more education than that for becoming a bookkeeper, where most accountants hold undergraduate and/or graduate degrees or even MBAs in accounting, economics, or finance.
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The average salary in Toronto is $62,050, which is 14% higher than the Canadian average salary of $54,450. A person making $75,000 a year in Toronto makes 20.9% more than the average working person in Toronto and will take home about $56,504.
Some disadvantages include time-consuming, mentally exhausting, technological disruptions, liability issues, work overload, client dependence, and costs. But I would argue that the biggest downside to bookkeeping is how much time it takes to get the work done.
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If you make $70,000 per year, your salary per hour is $35. 90. This result is obtained by multiplying your base salary by the number of hours, weeks, and months you work in a year, assuming you work 37.
Age is not a barrier when it comes to joining Canada as a working professional. Through expert guidance, you can apply work permit in Canada, and it is possible to acquire a valid work permit and start your career journey even if in your 50s or beyond that age.
Canada Jobs 2025: High-Demand Roles for Career Growth
A $400K salary job typically refers to a high-paying position in industries like medicine, law, finance, or technology. These roles often require advanced degrees, specialized skills, and years of experience. Examples include surgeons, top-level executives (CEOs, CFOs), investment bankers, and successful entrepreneurs.
Bookkeepers handle daily financial tasks but cannot perform audits or provide legal interpretations. They do not offer financial or investment advice beyond organising records. Tax filing and strategic tax planning require a certified accountant.
Can you make $500,000 a year as an accountant? It is possible, but labor market data suggests it is rare for accountants to earn such a lofty annual salary.