Job prospects Accounting Technician in Prince Edward Island

National Occupational Classification update

We have updated this page to reflect the transition to the 2021 version of the National Occupational Classification (NOC). This means that the occupation "accounting technician" was moved from the group Accounting technicians and bookkeepers (NOC 1311) to the group Accounting technicians and bookkeepers (NOC 12200).

Explore current and future job prospects for people working as an "accounting technician" in Prince Edward Island or Canada.

Job opportunities in Prince Edward Island

Note that these outlooks are based on the 2016 version of the NOC. Learn more about our methodology.

accounting technician
Prospects over the next 3 years
Good

The employment outlook will be good for Accounting technicians and bookkeepers (NOC 1311) in Prince Edward Island for the 2022-2024 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 moderate number of unemployed workers with recent experience in this occupation.

The demand for workers in this occupation is influenced by economic conditions and business activity. The Island economy is projected to expand at a respectable pace over the forecast period which should result in job opportunities. Continued population growth by way of immigration should support the demand for workers as well. 

In addition to other relevant education, job prospects will improve for individuals with a proficiency in using related software. Individuals available to work part-time or overtime at the end of financial reporting periods and during the federal tax season may have better job prospects. Self-employed bookkeepers interested in establishing their own firms may wish to explore appropriate investment opportunities.

Here are some key facts about Accounting technicians and bookkeepers in Prince Edward Island:

  • Approximately 900 people work in this occupation.
  • Accounting technicians and bookkeepers mainly work in the following sectors:
    • Accounting, tax preparation, bookkeeping and payroll services (NAICS 5412): 17%
    • Other retail stores (NAICS 44-45, except 445): 12%
    • Construction (NAICS 23): 11%
    • Agriculture (NAICS 111, 112, 1151, 1152): 10%
    • Wholesale trade (NAICS 41): 7%
  • The distribution of full-time and part-time workers in this occupation is:
    • Full-time workers: 68% compared to 83% for all occupations
    • Part-time workers: 32% compared to 17% for all occupations
  • 73% of accounting technicians and bookkeepers work all year, while 27% work only part of the year, compared to 57% and 42% respectively among all occupations. Those who worked only part of the year did so for an average of 28 weeks compared to 27 weeks for all occupations.
  • 19% of accounting technicians and bookkeepers are self-employed compared to an average of 11% for all occupations.
  • The gender distribution of people in this occupation is:
    • Men: 18% compared to 51% for all occupations
    • Women: 82% compared to 49% for all occupations
  • The educational attainment of workers in this occupation is:
    • no high school diploma: less than 5% compared to 14% for all occupations
    • high school diploma or equivalent: 26% compared to 28% for all occupations
    • apprenticeship or trades certificate or diploma: less than 5% compared to 8% for all occupations
    • college certificate or diploma or university certificate below bachelor's: 48% compared to 28% for all occupations
    • bachelor's degree: 17% compared to 15% for all occupations
    • university certificate, degree or diploma above bachelor level: less than 5% compared to 7% for all occupations

Labour Market Information Survey
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