Job prospects Accountant in Nova Scotia

Job opportunities for Financial auditors and accountants (NOC 1111) are good in Nova Scotia over the next 3 years. These job prospects are also applicable to people working as an accountant.

Note: These employment prospects were published in December 2021 based on the information available at the time of analysis. The next update will be in December 2022. To learn more, see our FAQs. You can also find additional information on the Canadian Online Job Posting Dashboard.

Job opportunities in Nova Scotia

accountant
Prospects over the next 3 years
Good

The employment outlook will be good for Financial auditors and accountants (NOC 1111) in Nova Scotia for the 2021-2023 period.

The following factors contributed to this outlook:

  • Employment growth will lead to a moderate number of new positions.
  • Several positions will become available due to retirements.
  • There are a small number of unemployed workers with recent experience in this occupation.

The Halifax area provides more opportunities within this occupational category, with its strong government presence and a high number of national, regional, and local firms. Areas outside the city may have fewer opportunities, especially with larger firms, but that is likely balanced by a lower supply of experienced workers. Having a recognized credential, such as a CPA, is important to employers, as well as having strong interpersonal skills and prior work experience, particularly with large, international corporations. Non-designated accountants may have greater difficulty advancing their career into management roles. While hiring can be sporadic throughout the year and depend on budgets and major projects, opportunities do occur regularly and have been expanding. Public accounting is an area that seems to have trouble finding talent, particularly those skilled in assurance. Recent graduates may have some difficulty finding work, and would benefit from building a network of contacts and being willing to move to areas of the province where opportunities may exist.

Here are some key facts about Financial auditors and accountants in the Nova Scotia region:

  • Approximately 4,650 people work in this occupation.
  • Financial auditors and accountants mainly work in the following sectors:
    • Accounting, tax preparation, bookkeeping and payroll services (NAICS 5412): 24%
    • Nursing and residential care facilities (NAICS 623): 22%
    • Ambulatory health care services (NAICS 621): 7%
    • Federal government public administration (NAICS 911): 5%
  • The distribution of full-time and part-time workers in this occupation is:
    • Full-time workers: 88% compared to 80% for all occupations
    • Part-time workers: 12% compared to 20% for all occupations
  • 73% of financial auditors and accountants work all year, while 27% work only part of the year, compared to 62% and 38% respectively among all occupations. Those who worked only part of the year did so for an average of 31 weeks compared to 30 weeks for all occupations.
  • 10% of financial auditors and accountants are self-employed compared to an average of 9% for all occupations.
  • Breakdown by region

    Explore job prospects in Nova Scotia by economic region.

    Location Job prospects
    Annapolis Valley Region Good Good
    Cape Breton Region Good Good
    Halifax Region Good Good
    North Shore Region Good Good
    Southern Region Good Good
    Legend: The job opportunities can be: Undetermined Limited Fair Good

    Source Labour Market Information | Prospects Methodology

    You can also look at this data on a map. Go to LMI Explore

    Job prospects elsewhere in Canada

    We expect that the labour supply and demand for Financial auditors and accountants (NOC 1111) will be balanced in Canada over the next 10 years.

    Learn more

Labour Market Information Survey
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