2019 cpa profession compensation study

2019

2019 CPA PROFESSION

COMPENSATION STUDY:

ONTARIO SUMMARY

REPORT

WINTER 2020

2019 CPA Member Compensation Study: Ontario Summary Report

Table of Contents Contents Methodology 2 .................................................................................................................................................

Note on Reporting 3 ........................................................................................................................................

Feedback on this Report 3 ...............................................................................................................................

Structure of the Summary Report 3 ................................................................................................................

Permission to Store or Reprint 3 ......................................................................................................................

Section 1: Compensation 4 ..............................................................................................................................

Overall Compensation – Ontario 4 ..............................................................................................................

Compensation by Census Metropolitan Areas/Census Agglomerations in Ontario 5 .............................

Total Compensation by Years of Post-Designation Work Experience – Ontario 6 ..................................

Non-Owner Compensation in Ontario 6 ..................................................................................................

Total Compensation by Job Title among Non-Owners – Ontario 10 .......................................................

Total Compensation by Job Title among Non-Owners – Major Cities in Ontario 11 ...............................

Compensation by Focus Area among Non-Owners – Ontario 13 ............................................................

Owners Compensation in Ontario 14 ......................................................................................................

Prospects for 2019 – Ontario 15 ..............................................................................................................

Section 2: Vacation, Leave, Benefits and Work/Life Balance 17 .....................................................................

Vacation Entitlement – Ontario 17 ..............................................................................................................

Benefits by Employer Size among Non-Owners – Ontario 17 .....................................................................

Benefits by Industry among Non-Owners – Ontario 18 ..............................................................................

Benefits by Industry among Non-Owners – Ontario (cont’d) 19 .................................................................

Work/Life Balance among Non-Owners – Ontario 20 .................................................................................

Work/Life Balance Programs Used by Industry among Non-Owners – Ontario 20 .....................................

1


IntroductionCPA Canada commissioned Nielsen to conduct a compensation survey in which 29,049 Chartered

Professional Accountants (CPAs) participated between September 13, 2019 and October 24, 2019. This

report relies on self-reported compensation from professional accountants answering the survey.

Although the purpose of the survey is to obtain compensation figures from all CPA members, this report

focuses on those residing in the province of Ontario. While attempts were made to minimize

respondents’ data entry errors by removing inconsistent data, no attempts were made to independently

verify the data the CPAs provided.

When reviewing the mean averages, it is important to consider that a small portion of responses may

skew the mean average quite higher than it would be otherwise. In most cases, a better measure of a

typical compensation level is the median.

Methodology CPA Canada commissioned Nielsen to conduct quantitative research among its active and retired

members. Survey invitations were sent to 202,766 members via email, with 4,792 bounce backs for a

total of 197,974 members receiving the email. There were 29,049 members who participated for a

response rate of 15 per cent. Of those, 1,437 did not report working at least one month in 2018 leaving

a total of 27,612 members who were asked about employment information. In addition, 376

respondents were excluded for either missing key information or giving answers that may have been

entered in error. In total, compensation data is reported for a total of 27,236 members globally, of

which 9,339 were within Ontario. Some individual topics report on smaller groups.

It should be noted that findings in this report are representative of those responding and may not

precisely represent the Ontario CPA profession as a whole.

Unless otherwise specified, compensation figures shown in this report include annualized data for

members who worked at least two months, either part-time or full-time during 2018.

For the reporting on Canadian cities, this report uses Statistics Canada-defined Census Metropolitan

Areas and Census Agglomerations for the purposes of analysis. These represent both urban cores as well

as any adjacent municipalities that are closely integrated. Full definitions of these terms can be found by

following this link: http://www.statcan.gc.ca/pub/92-195-x/2011001/geo/cma-rmr/def-eng.htm.

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http://www.statcan.gc.ca/pub/92-195-x/2011001/geo/cma-rmr/def-eng.htm


Note on Reporting To protect the privacy of respondents and to avoid misleading results, the median and mean for

compensation data are only presented when there are at least 10 respondents in a subcategory and

upper and lower quartile information is only shown when there are at least 20 respondents in a

subcategory. Definitions of the four statistical measures used in this report are provided below for

reference:

• Median (or 50th percentile) is the value above and below which half the cases fall. If there is

an even number of cases, then it is the average of the two middle cases. As compared to the

mean, the median is not sensitive to outlying (a few very high or very low) values. In some

cases, this may make it a more reliable measure to compare individual compensation.

• Mean (also called average) is the sum of all cases divided by the total number of cases.

• 25th percentile is the value above which 75 per cent of the cases fall.

• 75th percentile is the value below which 75 per cent of the cases fall.

Feedback on this Report Questions or comments related to this report can be directed to Paul Long, Manager, Research,

Marketing, Communications and Public Affairs, CPA Canada ([email protected]).

Structure of the Summary Report This report is organized into two sections; “Section 1: Compensation” includes overall compensation

data and compensation data broken out by demographic information. “Section 2: Vacation, Leave,

Benefits and Work/Life Balance” includes statistics on vacation received, leaves taken, benefits

provided, and work/life balance options offered and used.

Permission to Store or Reprint This publication is protected by copyright and written permission is required to reproduce, store in a

retrieval system or transmit in any form or by any means (electronic, mechanical, photocopying,

recording or otherwise).

For information regarding permission, please contact [email protected].

3

mailto:[email protected]

mailto:[email protected]


Section 1: Compensation

Overall Compensation – Ontario Table 1 below shows the median (middle), mean (average) and top and bottom quartiles for

compensation for all members in Ontario. Table 1a below displays the same information broken down

by industry. Figures below include accountants who worked at least two full months in the previous

year. Compensation of those who worked less than full-time for 12 months was annualized based on a

35-hour work week.

The median compensation for Ontario members in 2018 was $117K, while the mean was $160K.

Table 1: Total Compensation ($ in 000’s)

Count Median Mean Percentile 25 Percentile 75

All Members within Ontario 9,339 $117 $160 $90 $169

Table 1a: Total Compensation—By Industry Employed ($ in 000’s)

Industry of Employment Count Median Mean Percentile 25 Percentile 75

Holding, Conglomerate 45 $202 $290 $130 $400

Mining 93 $163 $257 $120 $255

Pharmaceuticals and Chemicals 109 $137 $176 $110 $191

Software 264 $135 $178 $95 $215

Utilities 146 $135 $189 $105 $194

Transportation, Distribution 172 $134 $173 $99 $215

Oil and Gas 57 $133 $153 $106 $175

Private Sector Healthcare 19 $133 $148 - -

Financial Services (banks, trusts, insurance, credit unions, etc.)

1,253 $132 $196 $99 $210

Professional Services Firm - other - (consulting, legal, etc.)

447 $127 $181 $90 $190

Real Estate/Building Management 331 $125 $195 $90 $201

Telecommunications 121 $125 $159 $95 $175

Construction 268 $124 $157 $85 $173

Technology/IT 61 $124 $157 $82 $181

Retail, Wholesale 486 $122 $183 $90 $181

Public Sector - Crown corporation 195 $120 $148 $100 $150

Manufacturing 881 $120 $157 $94 $167

Media, Communications, Publishing 111 $120 $150 $93 $165

Hotels and Restaurants 68 $120 $128 $93 $154

4


Industry of Employment Count Median Mean Percentile 25 Percentile 75

Educational Institution (university, college, primary or secondary school, etc.)

314 $116 $136 $96 $168

Agriculture, Forestry, Fisheries 86 $116 $152 $82 $167

Arts, Entertainment, Leisure 82 $114 $165 $87 $190

Public Sector - Office of the Auditor General (federal, provincial or municipal)

71 $112 $125 $90 $134

Automotive Services 20 $111 $195 $93 $185

Public Sector (federal, provincial, first nations or municipal government)

1,183 $110 $120 $95 $130

Public Sector (hospital, library, health organization, social services organization, etc.)

279 $110 $152 $92 $151

Not for Profit (trade association, charity, religious group, etc.)

436 $105 $120 $83 $137

Marketing/Advertising 13 $105 $124 - -

Professional Services Firm - public practice (a firm that primarily delivers accounting, auditing and/or tax services)

1,598 $99 $143 $75 $156

Note: Compensation data is only presented for sectors with at least 10 respondents.

Compensation by Census Metropolitan Areas/Census Agglomerations in Ontario The top major cities with the highest median compensation in Ontario include Toronto with $123K,

Belleville with $116K and Kingston and Windsor with $115K each. That stated, compensation for Belleville

should be interpreted with caution due to low base size.

Table 2: Total Compensation by Ontario Census Metropolitan Areas and Census Agglomerations with over 20 members ($ in 000’s) – Census Metropolitan Areas and Census Agglomerations with over 400 members shown in bold.

City Count Median Mean Percentile 25 Percentile 75

Toronto 5,239 $123 $171 $92 $182

Belleville 33 $116 $126 $87 $140

Kingston 76 $115 $150 $90 $155

Windsor 128 $115 $153 $89 $166

Hamilton 386 $114 $147 $91 $164

Ottawa - Gatineau 1,223 $114 $145 $96 $145

Sarnia 40 $114 $137 $79 $154

Kitchener - Cambridge - Waterloo

454 $113 $163 $85 $170

St. Catharines - Niagara 147 $113 $135 $85 $151

Oshawa 110 $112 $160 $93 $180

North Bay 31 $109 $113 $85 $125

Guelph 140 $109 $136 $84 $149

Woodstock 20 $107 $114 $80 $136

London 317 $107 $137 $82 $141

Sault Ste. Marie 46 $104 $121 $81 $132

5


City Count Median Mean Percentile 25 Percentile 75

Barrie 80 $104 $146 $88 $147

Greater Sudbury / Grand Sudbury

85 $102 $122 $87 $144

Brantford 50 $99 $122 $77 $132

Thunder Bay 78 $97 $126 $78 $139

Peterborough 43 $96 $134 $80 $150

Chatham-Kent 48 $94 $124 $71 $136

Stratford 22 $91 $144 $69 $113

Total Compensation by Years of Post-Designation Work Experience – Ontario Nineteen per cent of professional accountants in Ontario have accumulated at least 25 years of post-

designation work experience with a median compensation amounting to $164K. Those with 10 to 14

years of experience are the closest to the Ontario median of $117K.

Table 3: Total Compensation by Years of Post-Designation Work Experience ($ in 000’s)

Years of Post -Designation Work Experience

Count Median Mean Percentile 25 Percentile 75

Less than 3 years 1,012 $78 $89 $67 $94

3-4 years 966 $91 $100 $78 $110

5-9 years 2,016 $108 $128 $90 $137

10-14 years 1,549 $124 $154 $100 $170

15-19 years 1,023 $135 $176 $108 $193

20-24 years 925 $150 $207 $110 $219

25 years and over 1,747 $164 $236 $117 $255

Total 9,339 $117 $160 $90 $169

Non-Owner Compensation in Ontario Table 4ai below shows base, total non-base and total compensation statistics for professional

accountants who did not own their own business in 2018. (These non-owners make up the bulk of the

profession.)

Non-owners in Ontario earned a median of $114K in total compensation in 2018. The majority of that

($105K) came from base compensation. The median non-base compensation was $6K.

Table 4ai: Non-Owner Compensation ($ in 000’s)

Base Compensation Total Non -Base Compensation

Total Compensation

Count 8,243 8,243 8,243

Median $105 $6 $114

Mean $121 $28 $149

Percentile 25 $85 $0 $90

Percentile 75 $135 $20 $158

6


Among non-owners, base compensation was highest among members who held the senior vice

president and president and/or CEO titles, earning a median of $221K and $218K, respectively. The most

frequently cited title among non-owners was manager. These members earned a median base

compensation of $98K.

Table 4aii: Non-Owner Base Compensation – by Title ($ in 000’s)

Title Count Median Mean Percentile

25 Percentile

75

Senior Vice President 44 $221 $224 $184 $265

President and/or CEO 78 $218 $268 $165 $300

Non-Equity Partner 89 $210 $234 $160 $255

Other Executive Management (COO, CIO, EVP, etc.)

97 $185 $224 $145 $250

Vice President 366 $175 $181 $145 $205

Chief Financial Officer (CFO) 570 $170 $185 $130 $220

Senior Director 187 $155 $160 $136 $175

Assistant Vice President 57 $155 $158 $137 $180

Professor/Lecturer/Teacher 60 $140 $146 $110 $174

Director 753 $133 $140 $120 $150

Principal 35 $130 $143 $115 $169

General Manager 48 $126 $131 $100 $168

Treasurer 52 $123 $131 $100 $161

Senior Manager 684 $116 $120 $101 $132

Associate/Assistant Director 94 $114 $116 $100 $125

Team Lead 11 $110 $103 - -

Controller and/or Comptroller 934 $105 $113 $90 $125

Internal Auditor 52 $102 $104 $84 $112

Manager 1,375 $98 $102 $85 $110

Tax Specialist 140 $93 $100 $72 $118

Consultant 100 $92 $94 $77 $105

Supervisor 152 $91 $101 $81 $108

Advisor/Investment Advisor 14 $90 $85 - -

Associate/Assistant Manager 123 $85 $89 $75 $95

Analyst 772 $84 $90 $74 $95

Assistant Controller 24 $81 $124 $75 $105

Senior Auditor/Accountant 742 $77 $83 $66 $92

Auditor/Accountant 305 $72 $76 $59 $90

Junior Auditor/Accountant 26 $52 $53 $42 $62

Note: Compensation data is only presented for titles with at least 10 respondents.

7


Table 4aiii: Non-Owner Total Non-Base Compensation – by Title ($ in 000’s)


25 Percentile

75


Vice President 366 $45 $96 $17 $110




97 $30 $156 $6 $125

Senior Director 187 $30 $46 $6 $65

Principal 35 $23 $45 $10 $30


General Manager 48 $20 $35 $2 $38

Director 753 $16 $27 $1 $35

Senior Manager 684 $12 $16 $4 $20




Manager 1,375 $5 $9 $0 $12


Consultant 100 $3 $17 $0 $13


Tax Specialist 140 $1 $7 $0 $8

Team Lead 11 $1 $1 - -

Analyst 772 $1 $6 $0 $7



Supervisor 152 $0 $4 $0 $5



Treasurer 52 $0 $11 $0 $2




8


Table 4aiv: Non-Owner Total Compensation – by Title ($ in 000’s)


25 Percentile

75




97 $240 $380 $161 $400

Vice President 366 $220 $277 $174 $308




Senior Director 187 $189 $205 $156 $235

Principal 35 $168 $189 $130 $210

General Manager 48 $153 $166 $108 $203

Director 753 $150 $166 $130 $185


Senior Manager 684 $128 $136 $111 $150

Treasurer 52 $125 $142 $100 $166




Team Lead 11 $110 $104 - -

Manager 1,375 $105 $111 $91 $123


Consultant 100 $100 $111 $83 $125

Tax Specialist 140 $99 $107 $75 $120

Supervisor 152 $95 $105 $85 $110


Analyst 772 $88 $96 $77 $102






9


Total Compensation by Job Title among Non-Owners – Ontario Professional accountants with the titles of senior vice president and president and/or CEO earned the

highest overall compensation (each received $364K and $300K, respectively). Among companies with

over 1,000 employees, those in senior vice president positions earned a median compensation of $449K.

Table 5a: Total Compensation by Job Title among Non-Owners ($ in 000’s)

Title Total

Median Mean

Company Size

<100

Median Mean

100 -999

Median Mean

1000+

Median Mean

Senior Vice President $364 $403 $241 $252 $330 $362 $449 $494

President and/or CEO $300 $522 $180 $385 $367 $448 $436 $1,181


$240 $380 $188 $273 $249 $327 $268 $530

Vice President $220 $277 $175 $198 $208 $227 $300 $366

Non-Equity Partner $210 $240 $178 $202 - - $250 $266

Chief Financial Officer (CFO) $200 $261 $160 $234 $212 $241 $224 $360

Assistant Vice President $197 $220 - - - - $205 $231

Senior Director $189 $205 $160 $180 $170 $174 $207 $228

Principal $168 $189 $168 $164 $153 $200 $190 $200

General Manager $153 $166 $130 $144 $177 $184 $160 $188

Director $150 $166 $134 $140 $153 $167 $158 $174

Professor/Lecturer/Teacher $143 $157 - - $116 $145 $164 $166

Senior Manager $128 $136 $117 $123 $121 $134 $131 $141

Treasurer $125 $142 $99 $106 $131 $134 $168 $208

Associate/Assistant Director $125 $140 $149 $164 $127 $137 $125 $136

Advisor/Investment Advisor $115 $172 - - - - - -

Controller and/or Comptroller $115 $130 $105 $118 $122 $134 $137 $153

Team Lead $110 $104 - - - - $110 $107

Manager $105 $111 $93 $99 $106 $112 $109 $115

Internal Auditor $104 $108 - - - - $109 $112

Consultant $100 $111 $103 $112 $111 $126 $93 $104

Tax Specialist $99 $107 $93 $102 $84 $112 $101 $108

Supervisor $95 $105 $80 $96 $95 $108 $100 $106

Associate/Assistant Manager $93 $102 $93 $104 $93 $98 $92 $103

Analyst $88 $96 $77 $101 $86 $91 $90 $98

Assistant Controller $87 $129 - - $82 $91 - -

Senior Auditor/Accountant $81 $87 $76 $79 $82 $92 $86 $90

Auditor/Accountant $76 $79 $64 $71 $82 $85 $82 $83

Junior Auditor/Accountant $52 $54 $52 $51 - - - -

Note: Only titles with a base of at least 10 members responding are shown above.

10


Total Compensation by Job Title among Non-Owners – Major Cities in Ontario Table 5b: Total Compensation by Job Title by City among Non-Owners ($ in 000’s)

City Title Count Median Mean Percentile

25 Percentile

75

Toronto


President and/or CEO


34

55

$348

$290

$786

$478

$278

$185

$615

$594



Vice President 258 $235 $297 $184 $335

Senior Director 118 $210 $226 $170 $265


Treasurer 14 $178 $200 - -

Principal 22 $178 $219 $155 $229

Director 456 $165 $180 $140 $200

General Manager 22 $165 $178 $107 $195

Professor/Lecturer/Teacher

Associate/Assistant Director

22

51

$142

$136

$163

$157

$110

$121

$210

$185

Senior Manager 423 $135 $145 $117 $160


Manager 799 $107 $114 $94 $125


Consultant 78 $103 $111 $82 $125

Tax Specialist 71 $95 $105 $73 $115


Supervisor 69 $92 $97 $79 $110

Assistant Controller 15 $90 $149 - -

Analyst 415 $87 $94 $77 $100




Hamilton


Vice President 11 $177 $214 - -

Director 25 $130 $164 $116 $164

Senior Manager 34 $121 $123 $108 $137


Manager 50 $106 $110 $92 $117

Analyst 18 $91 $93 - -

11



25 Percentile

75


Auditor/Accountant 10 $58 $85 - -

Ottawa - Gatineau

President and/or CEO 14 $261 $374 - -

Vice President 25 $190 $202 $140 $250


16 $184 $208 - -


Senior Director 32 $165 $171 $142 $179

Director 106 $142 $148 $127 $155

Senior Manager 54 $126 $127 $113 $135

Associate/Assistant Director

Tax Specialist

29

32

$124

$114

$118

$117

$108

$81

$125

$127


Manager 192 $110 $116 $98 $124

Supervisor 36 $106 $120 $93 $111

Internal Auditor 15 $103 $107 - -

Analyst 176 $96 $106 $85 $109



Windsor

Chief Financial Officer (CFO) 16 $156 $189 - -

Director

Controller and/or Comptroller

11

17

$131

$113

$131

$124

-

-

-

-

Manager 17 $100 $106 - -

Kitchener - Cambridge -

Waterloo

Vice President 15 $205 $254 - -


Director 41 $150 $148 $125 $170

Senior Manager 29 $125 $132 $120 $141


Manager

48

65

$110

$94

$117

$103

$95

$83

$135

$112

Analyst 38 $78 $82 $67 $89



Oshawa Manager 18 $108 $110 - -

Controller and/or Comptroller 11 $105 $107 - -

St. Catharines - Niagara


Manager 16 $100 $105 - -

Senior Auditor/Accountant 14 $83 $81 - -

12



25 Percentile

75

Guelph


Senior Manager 16 $119 $119 - -

Manager 26 $101 $101 $91 $110

Analyst 14 $77 $81 - -


London


Director 21 $120 $128 $105 $139

Senior Manager 25 $119 $114 $96 $125

Manager


37

45

$105

$101

$103

$106

$79

$84

$116

$122



Analyst 18 $78 $79 - -

Greater Sudbury Grand

Sudbury


Manager 15 $88 $88 - -


Thunder Bay Manager 10 $86 $88 - -

Note: Compensation data is only presented for cities with at least 75 members responding and titles with at least 10 members

responding.

Compensation by Focus Area among Non-Owners – Ontario Members focusing in strategy and governance have the highest median compensation per area of focus,

followed by business development/management (each receiving median compensations of $179K and

$170K, respectively). Compensation figures for areas of focus below a count of 25 should be interpreted

with caution due to small base sizes.

Table 5c: Total Compensation by Focus Area among Non-Owners ($ in 000’s)

Area of Focus Count Median Mean Percentile 25 Percentile 75

Strategy and Governance 414 $179 $227 $128 $264

Business Development/Management 17 $170 $350 - -

Operations 45 $167 $209 $110 $236

Procurement/Acquisition/Mergers/M&A 13 $160 $214 - -

Managing Staff 274 $150 $247 $114 $245

Advisory 17 $150 $231 - -

Marketing/Sales 42 $148 $187 $114 $248

Business Analysis/Intelligence 20 $143 $156 $108 $190

Management/General Management 10 $138 $188 - -

Regulatory 10 $138 $148 - -

Financial Planning/Financial Planning and Analysis/Wealth Management

29 $133 $230 $87 $167

Education 27 $128 $146 $110 $191

13


Area of Focus Count Median Mean Percentile 25 Percentile 75

Risk management/Control/Internal Audit 328 $127 $163 $101 $180

Human Resources 14 $127 $137 - -

Valuation 16 $125 $136 - -

Software 10 $121 $142 - -

Project Management 21 $120 $149 $109 $155

Finance 2,083 $119 $161 $92 $170

IT 27 $118 $131 $99 $155

Consulting 18 $118 $146 - -

Forensic/Forensic Accounting 29 $115 $144 $94 $168

Systems/System Management/Integration/ Implementation

18 $113 $149 - -

Taxation 725 $111 $133 $86 $149

Financial and/or Non-Financial Reporting 2,071 $110 $130 $87 $143

Management Accounting 781 $107 $118 $88 $137

Budget 11 $104 $102 - -

Accounting/Bookkeeping 25 $101 $105 $76 $111

Audit and Assurance 887 $95 $103 $75 $119

Note: Compensation data is only presented for focus areas with at least 10 members responding.

Owners Compensation in Ontario Less than one-in-ten (8 per cent) professional accountants in Ontario reported owning a business in

2018. The bulk of these respondents (75 per cent) owned accounting firms, while the rest owned

another form of business. Those who owned other businesses had a median compensation of $207K and

an average compensation of $319K. Partners made a median of $287K in 2018, while sole practitioners

made a median of $113K. Those who reported being part of multiple categories (i.e. employees earning

T4 income and/or owners) were not counted as part of this analysis.

Table 6: Total Owner Compensation ($ in 000’s)

Owner of an Accounting Firm (Sole & Partner)

Sole Partner Owner of Another

Business

Count 530 278 252 172

Median $193 $113 $287 $207

Mean $255 $157 $363 $319

Percentile 25 $100 $70 $200 $120

Percentile 75 $325 $200 $450 $385

Note: 124 members classified themselves as independent contractors/consultants only (earning income not covered on a T4),

270 members were grouped into multiple categories, with the remainder (8,243) categorized as non-owners (an

employee/contractor/consultant of an organization/firm/company earning T4 income).

14


Prospects for 2019 – Ontario Among all members responding, 74 per cent expected their compensation to increase in 2019.

Table 7: Prospects for 2019

Industry Employed Count Don ’t Know

Decrease by 10% or

more

Decrease by less

than 10% Same

Increase by less

than 10%

Increase by 10% or

more

Professional Services Firm - public practice (a firm that primarily delivers accounting, auditing and/or tax services)

1,598 3% 4% 3% 16% 48% 26%

Financial Services (banks, trusts, insurance, credit unions, etc.)

1,253 3% 5% 4% 18% 54% 16%

Public Sector (federal, provincial, first nations or municipal government)

1,183 1% 2% 1% 14% 77% 5%

Manufacturing 881 4% 5% 4% 17% 57% 13%

Retail, Wholesale 486 3% 7% 3% 19% 54% 14%

Professional Services Firm - other - (consulting, legal, etc.)

447 2% 7% 1% 17% 47% 26%

Not for profit (trade association, charity, religious group, etc.)

436 2% 4% 1% 15% 67% 11%

Real Estate/Building Management

331 4% 5% 3% 12% 57% 18%

Educational Institution (university, college, primary or secondary school, etc.)

314 3% 4% 1% 17% 69% 6%

Public Sector (hospital, library, health organization, or social services organization)

279 3% 4% 4% 19% 61% 10%

Construction 268 3% 6% 0% 18% 54% 20%

Software 264 0% 4% 2% 14% 53% 27%

Crown Corporation 195 3% 4% 2% 19% 68% 4%

Transportation, Distribution 172 5% 5% 3% 16% 58% 13%

Utilities 146 2% 3% 3% 13% 66% 13%

Telecommunications 121 2% 4% 2% 17% 64% 12%

Media, Communications, Publishing

111 2% 6% 6% 23% 40% 23%

Pharmaceuticals and Chemicals

109 2% 6% 1% 15% 61% 16%

Mining 93 5% 8% 4% 12% 54% 17%

Agriculture, Forestry, Fisheries

86 2% 6% 2% 24% 42% 23%

Arts, Entertainment, Leisure 82 4% 5% 2% 15% 56% 18%

Public Sector - Office of the Auditor General (federal, provincial, or municipal)

71 1% 3% 6% 8% 62% 20%

Hotels and Restaurants 68 6% 1% 0% 15% 60% 18%

Technology/IT 61 3% 3% 5% 20% 56% 13%

15


Industry Employed Count Don ’t Know

Decrease by 10% or

more

Decrease by less

than 10% Same

Increase by less

than 10%

Increase by 10% or

more

Oil and Gas 57 5% 7% 0% 9% 53% 26%

Holding, Conglomerate 45 4% 9% 4% 36% 33% 13%

Automotive Services 20 0% 10% 5% 20% 40% 25%

Private Sector - Healthcare 19 5% 11% 0% 11% 42% 32%

Marketing/Advertising 13 15% 0% 0% 31% 31% 23%

Note: Only industries with a base of greater than 50 members are shown above.

16


Section 2: Vacation, Leave, Benefits and Work/Life Balance

Vacation Entitlement – Ontario The bulk of professional accountants in Ontario (69 per cent) were entitled to a vacation of about 15 to

24 working days in 2018, with less than one in twenty (four per cent) entitled to fewer than three weeks

(15 days).

Table 8: Vacation Entitlement and Vacation Taken

Vacation Entitlement

Count %

Vacation Taken

Count %

Less than 10 working days 48 1% 318 4%

10-14 working days 318 4% 1,336 15%

15-19 working days 2,403 27% 2,986 34%

20-24 working days 3,727 42% 2,748 31%

25-29 working days 1,583 18% 1,048 12%

30-34 working days 670 8% 367 4%

35+ working days 140 2% 86 1%

Benefits by Employer Size among Non-Owners – Ontario Medical benefits, life insurance and long-term disability insurance are the most common benefits for

professional accountants in Ontario – over three-quarters received each of them. Members in larger

companies (100 or more employees) were more likely than smaller firms to receive these benefits.

Table 9a: Benefits by Number of Employees among Non-Owners

Benefit

<100 100 -999 1000+ Total

n=1,995 n=2,167 n=3,978 n=8,152

Medical (Health and Dental) Benefits 86% 94% 96% 93%

Life Insurance 72% 79% 79% 77%

Long-Term Disability Insurance 66% 78% 81% 76%

Out-of-Country Travel Insurance 59% 67% 70% 66%

Group RRSPs 27% 35% 37% 34%

Defined-Contribution Pension Plan 16% 29% 40% 31%

Defined-Benefit Pension Plan 11% 25% 43% 30%

Parking 36% 34% 25% 30%

Professional Membership Dues Other than for my Accounting Designation(s)

24% 28% 27% 26%

Health/Fitness Club Memberships 16% 22% 24% 22%

Stock or Stock Options Purchase Program 8% 13% 25% 17%

Parental/Maternal/Caregiver Leave Top Ups 7% 14% 22% 16%

Deferred Profit-Sharing Plans 7% 10% 17% 13%

Car Allowances 12% 13% 9% 10%

Credit Card Fees 3% 4% 5% 4%

Other Significant Benefits 9% 8% 6% 7%

Did Not Receive Any Benefits 6% 3% 2% 3%

17


Benefits by Industry among Non-Owners – Ontario Medical benefits, life insurance and long-term disability insurance are consistently the most offered type

of benefit across the public sector, financial services and in professional services.

Table 9b: Benefits by Area of Practice and Number of Employees among Non-Owners

Benefit

Public Sector - Government

<100 100 -999 1,000+

n =81 n =218 n =859

Financial Services

<100 100 -999 1,000+

n =190 n =216 n =739

Professional Services Firm - public practice

<100 100 -999 1,000+

n =479 n =106 n =479

Medical (Health and Dental) Benefits

94% 91% 96% 88% 94% 94% 76% 92% 95%

Life Insurance 74% 77% 75% 75% 75% 78% 56% 70% 76%

Long-Term Disability Insurance

77% 78% 79% 71% 77% 79% 53% 68% 82%

Out-of-Country Travel Insurance

58% 61% 62% 62% 64% 72% 41% 43% 68%

Group RRSPs 10% 5% 3% 29% 43% 47% 20% 56% 61%

Defined-Contribution Pension Plan

22% 20% 13% 21% 42% 54% 7% 16% 57%

Defined-Benefit Pension Plan

65% 75% 84% 12% 25% 41% 2% 1% 8%

Parking 20% 24% 15% 25% 26% 14% 41% 43% 29%

Professional Membership Dues Other than for my 21% 27% 17% 38% 43% 39% 18% 25% 30% Accounting Designation(s)

Health/Fitness Club Memberships

4% 9% 5% 22% 36% 25% 20% 53% 63%

Stock or Stock Options Purchase 0% 0% 0% 21% 21% 65% 1% 0% 1% Program

Parental/Maternal/Ca regiver Leave Top Ups

17% 22% 30% 6% 12% 22% 4% 14% 22%

Deferred Profit -Sharing Plans

1% 1% 0% 13% 20% 37% 4% 8% 21%

Car Allowances 5% 3% 5% 5% 10% 7% 10% 13% 11%

Credit Card Fees 2% 0% 0% 5% 4% 18% 0% 1% 5%

Other Significant Benefits

4% 3% 3% 10% 9% 5% 7% 8% 6%

Did Not Receive Any Benefits

2% 5% 2% 3% 3% 3% 12% 0% 1%

18


Benefits by Industry among Non-Owners – Ontario (cont’d) Medical benefits, life insurance and long-term disability insurance are also consistently the most offered

type of benefit across the manufacturing, retail/wholesale and not-for-profit industries.

Table 9c: Benefits by Area of Practice and Number of Employees among Non-Owners

Benefit

Manufacturing

<100 100 -999 1,000+

n =196 n =281 n =346

Retail, Wholesale

<100 100 -999 1,000+

n =142 n =128 n =178

Not for Profit

<100 100 -999 1,000+

n =198 n =171 n =30

Medical (Health and Dental) Benefits

88% 95% 95% 89% 98% 96% 90% 95% 100%

Life Insurance 78% 83% 77% 77% 84% 78% 82% 83% 80%

Long-Term Disability Insurance

69% 73% 79% 63% 84% 82% 76% 82% 77%

Out-of-Country Travel Insurance

67% 70% 73% 58% 72% 64% 72% 75% 60%

Group RRSPs 33% 51% 51% 34% 42% 58% 41% 43% 43%

Defined-Contribution Pension Plan

23% 34% 53% 20% 38% 49% 30% 43% 33%

Defined-Benefit Pension Plan

7% 9% 20% 9% 10% 20% 17% 20% 33%

Parking 33% 39% 39% 30% 45% 47% 48% 40% 50%

Professional Membership Dues Other than for my Accounting Designation(s)

24% 24% 22% 18% 26% 20% 27% 25% 23%

Health/Fitness Club Memberships

15% 15% 20% 14% 20% 24% 13% 19% 27%

Stock or Stock Options Purchase Program

4% 14% 23% 6% 16% 42% 2% 0% 3%

Parental/Maternal/Care giver Leave Top Ups

3% 5% 12% 2% 11% 15% 13% 15% 7%

Deferred Profit Sharing Plans

13% 17% 19% 8% 15% 37% 1% 1% 3%

Car Allowances 17% 17% 14% 23% 29% 12% 5% 5% 7%

Credit Card Fees 6% 6% 4% 3% 6% 3% 6% 4% 0%

Other Significant Benefits

9% 5% 6% 13% 10% 13% 11% 12% 7%

Did Not Receive Any Benefits

6% 2% 3% 6% 2% 1% 4% 1% 0%

19


Work/Life Balance among Non-Owners – Ontario Leaves for personal reasons, flexible working hours and internal professional development were among

the most commonly offered work/life balance programs. Work from home was offered by 68 per cent of

employers and 88 per cent of those who were offered such an opportunity took advantage of it.

Table 10a: Work/Life Balance Programs among Non-Owners

Benefit

Offered

Count %

Taken

Count %

Leaves for Personal Reasons 5,905 72% 2,271 38%

Flexible Working Hours 5,807 71% 4,758 82%

Internal Professional Development 5,629 69% 4,667 83%

Work from Home 5,578 68% 4,918 88%

Employee Assistance Programs 5,437 67% 697 13%

External Professional Development 5,275 65% 3,740 71%

Time Off for Volunteer Work 3,115 38% 1,477 47%

Compressed Work Weeks 2,138 26% 917 43%

Sabbaticals 1,667 20% 136 8%

Childcare Benefits (Subsidy, Available on Site etc.) 571 7% 63 11%

Other 954 12% 418 44%

Work/Life Balance Programs Used by Industry among Non-Owners – Ontario Working from home, internal and external professional development and flexible working hours were

the programs most used by members in all six of the large industry groupings shown below.

Table 10b: Work/Life Balance Programs Used by Industry among Non-Owners

Benefit

Public Sector Government

Financial Services

Professional Services firm - public practice Manufacturing

Retail, Wholesale

Not for profit -

n =1101 n =1055 n =1000 n =674 n =383 n =380

Work From Home 82% 89% 89% 90% 88% 86%

Internal Professional Development

83% 81% 86% 83% 80% 85%

Flexible Working Hours 74% 80% 84% 86% 83% 85%

External Professional Development

75% 64% 68% 73% 63% 85%

Time Off for Volunteer Work

58% 44% 42% 47% 44% 54%

Compressed Work Weeks 43% 25% 35% 58% 57% 54%

Leaves for Personal Reasons

57% 32% 37% 30% 34% 40%

Employee Assistance Programs

13% 17% 11% 12% 10% 12%

Childcare Benefits (Subsidy, Available On Site etc.)

15% 13% 4% 19% 13% 17%

Sabbaticals 6% 9% 7% 13% 11% 6%

Other 38% 42% 43% 47% 48% 64%

20

2019 cpa profession compensation study

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