This is a question I get all the time. The truth is that it depends on a lot of factors: what area of Ontario you live in, whether you have experience in accounting or bookkeeping and if so, how much experience you have, whether you want to work full-time or part-time, and so on. If you are looking for a job as an accountant or bookkeeper I would provide my services to individuals and small business owners – this could mean 4 hours a week or 20 hours a week. As far as payment goes – well there are many options, starting with per hour / per project and everyone has their preferences.
If you’re looking for a job as a bookkeeper in Ontario, you might be wondering what salary to expect.
Bookkeeping is a skill that’s in high demand right now, and if you have the qualifications and experience to do it, you’ll be able to command a good salary. The average salary for bookkeepers in Ontario is $47,000 per year.
Salary for bookkeeper in ontario
A person working as a Bookkeeper in Canada typically earns around 57,700 CAD per year. Salaries range from 30,600 CAD (lowest) to 87,700 CAD (highest).
This is the average yearly salary including housing, transport, and other benefits. Bookkeeper salaries vary drastically based on experience, skills, gender, or location. Below you will find a detailed breakdown based on many different criteria.
Bookkeeper Salary Distribution in Canada
The median, the maximum, the minimum, and the range
- Salary RangeBookkeeper salaries in Canada range from 30,600 CAD per year (minimum salary) to 87,700 CAD per year (maximum salary).
- Median SalaryThe median salary is 54,200 CAD per year, which means that half (50%) of people working as Bookkeeper(s) are earning less than 54,200 CAD while the other half are earning more than 54,200 CAD. The median represents the middle salary value. Generally speaking, you would want to be on the right side of the graph with the group earning more than the median salary.
- PercentilesClosely related to the median are two values: the 25th and the 75th percentiles. Reading from the salary distribution diagram, 25% of Bookkeeper(s) are earning less than 38,200 CAD while 75% of them are earning more than 38,200 CAD. Also from the diagram, 75% of Bookkeeper(s) are earning less than 66,700 CAD while 25% are earning more than 66,700 CAD.
Bookkeeper Salary Comparison by Years of Experience
How does experience and age affect your pay?
The experience level is the most important factor in determining the salary. Naturally the more years of experience the higher your wage. We broke down Bookkeeper salaries by experience level and this is what we found.
A Bookkeeper with less than two years of experience makes approximately 35,200 CAD per year.
While someone with an experience level between two and five years is expected to earn 43,100 CAD per year, 23% more than someone with less than two year’s experience.
Moving forward, an experience level between five and ten years lands a salary of 61,100 CAD per year, 42% more than someone with two to five years of experience.
Additionally, Bookkeeper(s) whose expertise span anywhere between ten and fifteen years get a salary equivalent to 71,400 CAD per year, 17% more than someone with five to ten years of experience.
If the experience level is between fifteen and twenty years, then the expected wage is 78,600 CAD per year, 10% more than someone with ten to fifteen years of experience.
Lastly, employees with more than twenty years of professional experience get a salary of 83,100 CAD per year, 6% more than people with fifteen to twenty years of experience.
Bookkeeper average salary change by experience in Canada
| 0 – 2 Years | 35,200 CAD | |
| 2 – 5 Years | +23% | 43,100 CAD |
| 5 – 10 Years | +42% | 61,100 CAD |
| 10 – 15 Years | +17% | 71,400 CAD |
| 15 – 20 Years | +10% | 78,600 CAD |
| 20+ Years | +6% | 83,100 CAD |
Percentage increase and decrease are relative to the previous value
Bookkeeper Salary Comparison By Education
We all know that higher education equals a bigger salary, but how much more money can a degree add to your income? We broke down Bookkeeper salaries by education level in order to make a comparison.
When the education level is High School, the average salary of a Bookkeeper is 43,100 CAD per year.
While someone with a Certificate or Diploma gets a salary of 60,300 CAD per year, 40% more than someone having a High School degree.
A Bachelor’s Degree gets its holder an average salary of 85,400 CAD per year, 42% more than someone with a Certificate or Diploma.
Bookkeeper average salary difference by education level in Canada
| High School | 43,100 CAD | |
| Certificate or Diploma | +40% | 60,300 CAD |
| Bachelor’s Degree | +42% | 85,400 CAD |
Percentage increase and decrease are relative to the previous value
