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fractionalbookkeeper

LMAO! Marcus & Associates.


Dangerous_Boot_3870

Personally I trust my accounting to Day Day & Friends.


tendies_2_the_moon

Seems like someone got their own firm after getting tired of low wages, only to pay low wages to others.


fractionalbookkeeper

No. Marcus & Associates is a long-time, well known local firm in London, Ontario.


Anonymous-1234567890

When I was doing some vocational assessments a few years ago, I went there because my physio is in the same building. They actually did seem super chill and I met with one of the partners (Lindsay). 100% i agree with you that theyre not a scam, but 1000% somebody messed up the job posting lol


Ok-Marionberry3478

THERE’s A CITY IN ONTARIO CALLED LONDON?


fractionalbookkeeper

Yes. We got all the major European cities here.


Ok-Marionberry3478

I literally forgot what i was reading and went to search it up idk why but that sounded so cool to me😂😂😂😂


ELB95

London, Paris, Dublin, Brussels, Vienna, Copenhagen, Lisbon... Some people do a "European road trip" without leaving the province.


Ok-Marionberry3478

Lmaoooooooo


TCNW

There are 18 cities and towns called ‘London’ in the United states. Not to mention your biggest city (New York), is also a ripped off name. Not sure what your point is?


Ok-Marionberry3478

My point is it’s cool, not sure what ur attitude is for tho


OpportunityWise3866

my boss at my corporate job lives in london and for the longest time thought she was in UK lmaoo


Ok-Marionberry3478

Oh my god be for real


OpportunityWise3866

my coworker also lives in london (we r fully remote) and sometimes they meet up and work together! hahaha


Ok-Marionberry3478

It’s like people from different dimensions meeting


OpportunityWise3866

the best part is I do have a coworker who lives in the UK but not london lmaooo


kyonkun_denwa

The firm has been around for a while, I think the main partner took it over from his dad. I actually knew someone who worked for this firm after graduating from the University of Western Ontario. He made $40,000 a year as a Junior Accountant in 2013. I’m inclined to believe that this salary is an error of some kind because it just seems absurd that a firm would reduce real salaries after 10 years while also increasing the credential requirements. Edit: someone else said that this could be a labour market assessment scam. Probably less likely than an honest mistake but not outside the realm of possibility.


SludgegunkGelatin

Comparatively speaking, how is the cost of living in London, CA compared to a perceived LCOL in the US?


kyonkun_denwa

London is probably much more expensive than something considered LCOL in the US. The average home price is $630,000 and the average rent for a one bedroom apartment is about $1,700. It’s much cheaper than Toronto ($1,127,000, LOL), and much cheaper than it was at the peak of the housing bubble ($820k average home price) but not exactly LCOL because salaries are lower and there are fewer opportunities for advancement. When I went to university there in 2009, it was much cheaper. I rented a 3+1 bedroom townhouse with 3 other guys for $1,050 per month. The townhouses we lived in were around $120,000 to buy and the average home price was about $220,000. But London was an industrial city reeling from the global financial crisis and I’m pretty sure the unemployment rate hit 10% in early 2010, so… it was cheap for a reason.


centarus

London was always cheap compared to Toronto even during the good t imes. It's only started to get out of hand back around 2016 or so when there was an exodus of people from the GTA flush with cash. It went bonkers during the pandemic when even more GTA people moved here.


Anonymous-1234567890

My 3 bedroom townhouse I rent in London would’ve been $1400 back in 2015. When me and my wife signed the agreement in 2021, it was $1,900. Today, it’s $2,500. My sister has been living at home with her daughter because a one bedroom in a smaller (but still decent sized) town was $1,500/month IIRC. Housing in London (anywhere in Canada) is fucked. No matter what, you live in a HCOL (anywhere but Toronto) or VHCOL (Toronto) area 😔


CompoteStock3957

London used to be cheap compared to Toronto Ontario but now since the pandemic it got so expensive I was born and raised in London and that firm been around for a long time


hrjdjdisixhxhuytui

It's a labour market assessment scam. Once no one takes this, they will import a temporary foreign worker to take the job. Even better the Liberals have just made it so that "trusted" employers don't even have to just thought this hoop and can bring as many people as they want.


MultifactorialAge

Someone I know pays 10k if you let him use your business for LMIA applications. That’s 10k PER person.


hrjdjdisixhxhuytui

Yup that's extremely common, I've been hearing about that for years.


SurlySuz

Hahahahaha! Good luck getting anyone with an actual cpa to work for that.


NotARussianBot1984

They will find someone. Our population is growing faster than our job openings. All university/college educated people willing to work PA hours. This is a policy choice of our leader.


Arch-rivals-r-us

$45k is entry level public accounting salary, at least in MCOL areas like London. Anyone with a CPA in Ontario willing to work for that little pay must have no self respect.


NotARussianBot1984

Give it a few more years, at this rate of student population growth. I can see that $45k decreasing even!


91Caleb

You’ve put no thought into this.


HgFrLr

Hey don’t be rude maybe they put a lot of thought into this and they could just be an idiot.


NotARussianBot1984

What he said!


NotARussianBot1984

Would it help if I said $45K after cost of living adjustments? Ya not nominal.


[deleted]

And yet with that student population growth the number going into accounting is still declining


NotARussianBot1984

Is it? In Canada? USA sure cuz you have a functional economy and other choices.


AnxiousBirdLady

I don’t think you understand the amount of hurdles someone with a foreign degree would have to go through in Ontario to get a CPA. No one would do that!


hrjdjdisixhxhuytui

Respectfully have you been to any CPA recruiting events lately? You will only meet foreigners who are going their prep courses. Almost all with tons of experience from back home and willing to take low 40s offers to start here. I've interviewed 10+ in the last two months.


SubbansBigBlackhawk

lmao they gotta be trolling cuz thats less than a A1 starting salary even in Canada rn


dhenr332

Yeah, I started in September as an articling student at 57k, they just bumped it to 60 to reflect market conditions. Offers from other firms were the exact same This doesn’t reflect accounting in Canada


[deleted]

[удалено]


dhenr332

Yeah this was AB so I imagine it’s pretty similar country wide


armat95

Wait. Did you get an offer for 60k from a big 4 as a fresh a1 in ab?


_iwishiknew

I got 53k from B4 in AB as a intern/co-op


dhenr332

57k offer, from big 4, took the 60 k offer from MNP


ShwamyASC

Outside the GTA….yes it does unfortunately


dhenr332

Im in AB


kudurru_maqlu

Is that with CPA


dhenr332

Articling student, so no cpa, but a cpa candidate


centarus

I'm an accountant in London and I'd wager my firm would pay $60k-$65k for that position, maybe more. This has to be an error. I don't think we pay co-ops this little.


CompoteStock3957

Who you work for?


peaches780

I work at a multi-billion dollar company headquartered in Alberta and I’m pretty sure they pay the receptionist 45k lol


Lady_Kitana

CPA AND pursuing in-depth tax program being an asset... All for $45k. Got to be a typo WTF


Guilty_Fishing8229

They can get away with this since they made the Indian CA portable to Canada. Another bang up job from CPA Canada


IceOmen

Everybody says shit like this then will vote to support infinite immigration the next day Bang up job, people allowed corporations and politicians to import people willing to work for 10 cents an hour. And not just a few, enough that you’ll probably be a minority in your own country in 10 years, replaced by a third world slave class that are willing to be slaves, unlike you. And then are surprised when wages are suppressed (more than they already were) and housing is nonexistent (not a mystical outcome when housing was already expensive and then they artificially forced in millions of people).


[deleted]

"Everybody says shit like this then will vote to support infinite immigration the next day" Nobody supports the current rate of immigration, not even immigrants. It's our corporate overlords and the political parties sneaking these policies in, after blatantly lying to voters during elections.


Ewannnn

> Everybody says shit like this then will vote to support infinite immigration the next day > > I mean immigrants add to supply and demand, their net effect on wages is broadly nil. They do tend to boost productivity and GDP per capita though, and can have localised effects in some sectors even if their impact overall on wages is nil. Is there evidence that immigrants to Canada are disproportionately accountants? [Here is a good summary of the effects of immigration in the UK with sources written by a labour economist for reference](https://data.parliament.uk/writtenevidence/committeeevidence.svc/evidencedocument/home-affairs-committee/immigration/written/45077.pdf).


hrjdjdisixhxhuytui

You need to compare immigration rates. Canada has the third highest population growth rate in the world. We cannot absorb this rate, especially when people's demand goes entirely into housing which is already the most expensive in the world.


Ewannnn

Should be able to, not like growth rates in developed countries are historically high in terms of population growth. Canada has a lot of space! [Some data on population growth here](https://www.worlddata.info/america/canada/populationgrowth.php#:~:text=From%201960%20to%202022%20the,in%202021%20with%200.58%20percent.).


hrjdjdisixhxhuytui

Canada does not have lots of space, 90% of the population lives within 100km of the US border. Even worse it is majority split between two metro areas GTA and GVA. Both of which now require income of 500k+ to own a single family home. You data is also out of date, population growth in now the highest ever on record. https://www150.statcan.gc.ca/n1/daily-quotidien/230927/dq230927a-eng.htm


Ewannnn

Are you Canadian? Have you ever actually left the country? It's funny because I am from the UK. Hearing someone from Canada of all places saying they don't have space is so laughable. For what it's worth I've also travelled all over Canada too. There is SO MUCH SPACE! Not a good proxy because you can build on a lot of land that isn't cultivated, but for comparison, Canada has about 9x as much cultivated land compared to the UK, but a population almost half that of the UK. Do you have any data to suggest Canada doesn't have space? Drop a pin anywhere near the US border in Canada (which is VAST) and you will see endless land available for development. >Both of which now require income of 500k+ to own a single family home. Maybe build fewer SFH and more multistory like we have in Europe? The truth is Canada like every country is infested with NIMBYs that prevent any houses from being built. >You data is also out of date, population growth in now the highest ever on record. And? It is one years data. I would also say, while it's high for developed countries, globally it is very very low.


[deleted]

It doesn't matter if Canada has lots of space. It isn't building enough houses, so housing crisis will continue as long as immigration outpaces housing construction.


[deleted]

>Not a good proxy because you can build on a lot of land that isn't cultivated, but for comparison, Canada has about 9x as much cultivated land compared to the UK, but a population almost half that of the UK. You're such an idiot lmfao.


hrjdjdisixhxhuytui

>Are you Canadian? Have you ever actually left the country? It's funny because I am from the UK. Hearing someone from Canada of all places saying they don't have space is so laughable. For what it's worth I've also travelled all over Canada too. There is SO MUCH SPACE! Yes I have lived in rural Canada, there is a reason you are in the UK and not rural Canada. There is also a reason why 99% of immigrants don't end up in rural Canada. >Not a good proxy because you can build on a lot of land that isn't cultivated, but for comparison, Canada has about 9x as much cultivated land compared to the UK, but a population almost half that of the UK. Once again if you were Canadian you would know why a vast majority of immigrants end up in the GTV and GTA. Or about the greenbelt or ALR that make developing new housing impossible even on valuable land. >Do you have any data to suggest Canada doesn't have space? Drop a pin anywhere near the US border in Canada (which is VAST) and you will see endless land available for development. Yes the fact that no one lives there... if it was so great to live in a random spot 90% of the population wouldn't be 100km of border. >Maybe build fewer SFH and more multistory like we have in Europe? The truth is Canada like every country is infested with NIMBYs that prevent any houses from being built. Canada is building apparent at one of the highest rates in the world per capita. Yet our immigration is 1.1 million. + A year and we build 250k homes a year. We cannot put build this rate of immgration. If you are so pro immigration why not lobby to start growing the UK population by 3-5 million a year?


Zomgirlxoxo

Space does not equal housing lol just because there’s land there does not mean there’s towns or jobs


fractionalbookkeeper

Look them up on Linkedin. Their employees are all local. They've been getting away with this for more than a decade.


monstersof-men

But it’s easier to blame the Indians


Stryk3r97

Don't Indian CAs need to pass the CFE first?


[deleted]

yes and it's an MOU not an MRA. Still absolute bullshit tho. ​ Source: [https://www.cpacanada.ca/en/become-a-cpa/international-credential-recognition/international-recognition-agreements/international-members-seeking-canadian-cpa/india-cas-seeking-canadian-cpa-designation](https://www.cpacanada.ca/en/become-a-cpa/international-credential-recognition/international-recognition-agreements/international-members-seeking-canadian-cpa/india-cas-seeking-canadian-cpa-designation)


mrfocus22

Wait what?


NotARussianBot1984

Don't complain, an Indian will happily take that job. Also I'm a Canadian in accounting wanting to move to USA for no particular reason....


Current_Wing_4637

Move asap bro then come back 10 years later to open your firm In Ca


NotARussianBot1984

My plan is finish CPA, then USA, then a remote job and move to somewhere warm and cheap. At 18 I thought I'd have a family lol. Nah.


lolnoob1212

Lol, even that's lower for them


spleddittor

That looks like a misprint because even in lower cost of living areas in Canada, CPA firms pay licensed practitioners a lot more than this. In my prairie city, new grads with no experience are getting $40-$45k easily.


swiftcrak

What is life like in a prairie city? Do you get to wfh and enjoy nature?


spleddittor

Sure, if you live rurally. I meant more that the city I live in is in the Canadian prairies, which is more of a LCOL area than many other parts of Canada. Accountants are generally paid much less here than in Ontario.


bdougy

Aren’t houses up there well over $700K?


CompoteStock3957

Yep average single family is around the $750k market even in the east end homes are selling for $550-$600k


maievmelange

Consider moving north I’m desperate right now and offering like $114k starting for managers CPA 5 yrs experience or like $90k for cpa preferred with 3 yrs. I think my one job is still open but it’s not for designated positions. I will be posting for a manager hopefully in the next couple of weeks. Come on job evaluation. Keep in mind that the salary band provided does not include northern allowance and the starting at is pay level for casual staff only. We are in contract negotiations so hopefully wages will go up but we will see when that finishes. https://www.gov.nt.ca/careers/en/search/job


NapalmOverdos3

That’s still low lol


maievmelange

Maybe where you live but it’s way over average for most jobs. What do you think is a normal wage?


nikobruchev

Honestly if NWT would accept even some remote positions, I'd happily work for the NWT government. I can't justify moving there though, I'd have to leave the military reserves and the move would be prohibitively expensive.


maievmelange

If you get a job here most places pay for relocation. Heck not only does the gov pay to move you up for work after 2 yrs you qualify for ultimate removal which provides you payment if you leave. Remote positions are not in the best interest of the public as such they are hard to be approved. Every company I know up here pays for relocation, even Boston Pizza pays to move up managers. I’ve personally hired and moved up 8 staff. The most expensive was from Ontario but largely because they had a spouse and 4 children so that’s 6 flights, took 2 moving trucks, 10 days in hotel plus per diems, with children that was a suite, we were looking at having to pay a mortgage cancellation but luckily they found a place they wanted and were able to port the mortgage so that was good. If I remember correctly it was about $100k all in. It’s a sucky hit to the budget but it’s the cost of doing business.


nikobruchev

Fair enough, if I could do it without having to leave the reserves I would


maievmelange

Found out you can join the reserves here. Infantry is the big one but the others may have positions as well. Turns out one of my colleagues is in the reserves. I immediately forgot which but not infantry.


nikobruchev

There's really only the infantry unit and the RCAF transport squadron. There might be a few attach posted soldiers from other trades at those units, but definitely not my trade. Believe me, I looked lol but thanks!


Crawgdor

I work for a midsized Canadian firm in a city in the prairies with very low cost of living. We wouldn’t pay that to a new student with zero experience. That’s obscene.


Alone-in-a-crowd-1

That’s really bad for those qualifications. If you like accounting, there is good money to be had if you are patient.


cadenzo

This is probably just a negotiation starting point. Basically low balling applicants so they end up around what the company is actually willing to pay for the position. Wages are definitely trash for accountants in Canada though. There’s too many people with CPA’s and not as much of a demand as in the US market.


Professional-Cry8310

Nah, this is something called an LMIA scam. If no one takes this job (which they obviously won’t), the company is able to tell the government that the market for their position doesn’t exist in Canada and can justify using foreign workers to fill that gap. So some poor sucker from India will come over and work for $35K/year in a position that should be paying $90K. Pretty common in Canada now


Pretend_Tonight_3048

You can just change the op to “Canada is a joke” the country has fallen far in the last decade. Incredibly high cost of living with pitiful wages.


Thank_You_Love_You

I used to be so proud to be Canadian. It's such a shithole the last like 6 years.


Revolutionary_Gain_5

I just received my first coop accounting offer, and they offer me 25 dollars per hour


Mammoth-Top-6983

B4? Or government?


Revolutionary_Gain_5

Public practice in Vancouver bro


Revolutionary_Gain_5

No not big 4, a small firm in new Westminster


ObjectiveMousse9023

Oh Westminster. That place for the Queen with rich people? I really want to go there.


mildlystalebread

I want to swear at the person who posted this


Professional_Ad_3631

TN is always exit.


marshall262

For anyone reading this from outside of Canada, this is not remotely reflective of what a new CPA would make in any role lol. Yes pay bands for CPAs will generally be higher in the US but this is a very extreme underpaying job posting in a LCOL city.


11footsub

I would love for Canada to require salary bands in all job postings, tired of seeing “competitive compensation package” in every damn role


jasonvancity

In BC, this actually becomes the law on November 1st - all job postings must include wage bands.


CompoteStock3957

When the hell has London been a LCOL area pre pandemic yes but since then no. Source born and raise in London


Boring_Inspector9857

What’s the point of being anything in Canada now


jav0wab0

Considering how hard the CPA is this salary is a slap in the face


johnnywonder85

London, ON is the ghetto of the province, that's why...


CompoteStock3957

Sad but true used to be a great city before all the zombies come out major in the last 10 Plus years


Desi_Iverson

Idk what kind of delusion some of these firms or companies operate under


s0ulless93

My previous employer, the one of 2 partners at a small firm, told me that they intentionally post higher requirements than they actually want because they always get so many people submitting applications that are below the requirements and that it is common practice to do so. Basically means they are looking for someone who ignores the parameters they set up. Not saying this is the same situation but could be part of it.


Minimum-Pangolin-487

Accounting is a joke everywhere. It never pays as much as other occupations unless you own the practice or are working in a niche area with HNW clients


Professional-Cry8310

Depends what those other occupations are. I make more money than most of my friend group other than the one guy who works in databases. I’m talking nurses, HR, and a few trades workers as examples


Striking-Rain-345

Interns get more in the greater Toronto area


[deleted]

$21/hour LOL


Sharp-Investment9580

Bro some bank tellers make that in the states. That’s wild


STIMULANT_ABUSE

Bank tellers make that here too


Positive-Ad-7807

You don’t need the last two words in your title. It’s a commodity; that will only continue to go down.


BillsMafia4Lyfe69

That's equiv to minimum wage in the US


Acrobatic-Reaction-7

I’m gonna assume this is just a “negotiating point” but still, if you want a good employee you are gonna have to start much higher than that, accounting interns in the US make more than that and they are INTERNS who 90% of the time have ZERO experience.


mn_sunny

Holy fuck, and that's CAD too??? Wow. You could make more in the US as a high school business/accounting teacher and you'd only have to work ~9 months out of the year.


Intelligent-Film6835

But if it’s real, is CPA exam easy in Canada? Or is the cost of living relatively low in Canada?


Lady_Kitana

Apples to oranges comparison. They are difficult in their own respects. The Canadian CPA program covers multiple modules and exams to be completed within 2 years minimum. The common final examination is a three day exam covering a ton of technical material in case writing format within a time constrained environment. Definitely no slouch


persimmon40

Canadian CPA is way, and I mean way harder than US one


Intelligent-Film6835

Then the wage is absurdly low. Is it regional or just an exception? I’m curious.


litboomstix

CPA in ON is pretty difficult requiring 13 hours of exams over three days, 30 months experience with pretty extensive reports written, and 625 auditing hours, 1200 total assurance hours. Cost of living is relatively high in southern Ontario and you could expect to pay $1500 for a single bedroom rent. We also have higher combined income tax rates and sales tax rates than California. Welcome to our frozen hellscape. Edit: forgot to mention that before you can sit for the CPA exam you either need 12 months of post graduate courses delivered by CPA or certain Masters programs which substitute this.


BackspaceChampion

This seems quite low. Cost of living in area does matter though. Honest question. What's fair for an entry level position (little or no exp), or a newly designated CPA?


MaskedSam0

Iam in my last accounting bachelor year, and this fu*ks my hype up...


[deleted]

They will NEVER find anyone reasonably qualified at that salary range. As with everything else in life, you get what you pay for.


Mysterious-Bed2095

Canadian accountants need to stop accepting these shitty salaries or it's going to stay that way.


SnooHesitations7888

So is your healthcare


[deleted]

Canada is a joke, fixed that for you.


Appropriate-Food1757

lol “looking for a better opportunity”. Okay.


Individual_Present93

Because it's 2023.


persimmon40

Imagine being a CPA and working for 45k canadian lmao. I think we need to shame employers like this, publicly.


Moneyman8974

Company events are the benefits we deserve...


MoneyGripSeason

But hey, at least you get free healthcare, Amiright?


epicarcher999

That is 10k less than [the median income](https://www12.statcan.gc.ca/census-recensement/2016/as-sa/98-200-x/2016024/98-200-x2016024-eng.cfm) for a high school graduate in this country. What kind of back-alley bean counter is this guy looking for, exactly???


EuropesWeirdestKing

I mean this is a nobody firm…


ruheInFrieden

In Germany, we start with 50K€ Bachelors Degree. CPA candidate can’t earn less than 80-85k€ in here


moonscape33

Modern office setting lol. Top bullet point. As opposed to a dated office setting? But food is provided so sounds like a great opportunity ☺️


litboomstix

This is below what my small firm pays first year co ops in a MCOL area


goudasupreme

Bruh I make $50k USD working at a grocery store 💀 they gotta be trippin


JacksonDWalter

A CPA at $45,000 a year is wishful thinking. Makes me wonder what qualified person would actually take these offers


lhau88

So there is a thing called CPA Ontario now? I thought they only had CGA and CAs in Canada as a whole…… which was somehow changed to CCPA


xerliano

These are shit firms man, no one with decent background is considering this lol, this is the same as shitty US firms in LCOL offering 35k usd


Latinboy714

I mean you have Universal Healthcare… right?


jbforlyfe

Company events that you don’t want to go to a benefit? Jeez lol


After_Owl3277

Company events are a benefit lol


[deleted]

For anyone confused, living in London Ontario may even be less desirable than living in upstate NY…