Bank Accountant salary in Canada

Average Yearly Salary of Bank Accountant in Canada is approximately 54,575 CAD (54,502 USD). Data is for 2025 and indicates a pre-tax value. The salary itself depends on multiple factors such as seniority, job performance, certifications, experience or any other bonuses. The value indicated is an average amount based on records we have in database. Real values may vary. The data is for orientational purposes.

What does Bank Accountant do?

A bank accountant is responsible for managing and overseeing the financial transactions of a bank. They ensure accurate recording of financial data, including deposits, withdrawals, loans, and investments. Bank accountants analyze financial reports, perform audits, and reconcile accounts to maintain the bank's financial health and compliance with regulations. They also prepare financial statements, budgets, and forecasts to assist in decision-making processes. Additionally, bank accountants collaborate with other departments to provide financial advice and guidance, identify areas for improvement, and implement effective financial controls. This occupation requires strong analytical skills, attention to detail, and knowledge of accounting principles and banking regulations.

Skills: Bank accountant, Financial transactions, Financial analysis, Auditing, Compliance, Financial reporting
Job industry: Banking

How much does Bank Accountant make?

Difference in salary year over year or average salary increase is approximately 4 %


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Salary comparison to National average

Is Bank Accountant a well paid job?

No, our data shows that Bank Accountant is typically not a well-paid job. The salary varies based on experience. Meaning that even though Bank Accountant might be a low paying job, with experience the salary might increase to satisfactory levels.

What is considered a high salary for Bank Accountant?

High salary for Bank Accountant would be somewhere between 60,033 CAD and 79,134 CAD. However this is an estimation based on Gaussian Distribution.

How much can you save working as Bank Accountant in Canada?

Living in Canada the approximate monthly expenses are: 2,118 USD. This amount covers basic needs such as food, housing, clothing, healthcare and education costs for a single person. No luxury expenses such as traveling, leisure, hobbies are included in the estimation.

Estimated Yearly Salary: 54,575 CAD
Estimated Monthly Salary: 4,548 CAD
Estimated Weekly Salary: 1,050 CAD per week
Estimated Hourly Salary: 26 CAD per hour
By working as Bank Accountant a person can save up to 2,423 USD per month or 29,081 USD yearly. Values are pre-tax.

NOTE: These values are estimates and are averaged for the whole country. Furthermore the value is likely exaggerated as no other expenses are taken into account in the projection. Unessential expenses are very subjective and are difficult to assess. Most likely the previously estimated number is significantly lower for majority of people. Expenses in different cities across the country may vary. Above values accuracy is low and is based on limited set of data obtained.

For more information regarding expenses in Canada, see costs of living in Canada.

Salary comparison to region and neighbouring coutries

Country's neighbours are: United States of America.
To make it easier for comparison a conversion from local currency to USD has been made (conversion rates may vary).

Estimated Yearly Salary for Bank Accountant

Last revision of data: 2025-01-04

Salary increase per years of experience

Based on data available the salary increase per years of experience is as following

0 years (beginner) equals base salary

1 to 5 years of experience yields +12% salary increase

6 to 10 years of experience yields +25% salary increase

11 to 15 years of experience yields +16% salary increase

16 to 25 years of experience yields +9% salary increase

more than 25 years of experience yields +10% salary increase

NOTE: Details based on limited set of data. Percentages may vary. The salary increase over years of experience can vary widely based on factors such as job industry, job role, location, company size, and individual performance. To gain even larger increase in salary one is advised to switch jobs and / or employer.

Top 10 highest salaries in Canada

Data as of 2025

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