Bachelor of Commerce (Digital Marketing) - Postsecondary ...

The Ontario Public Accounting Act was changed recently to enable qualified Chartered
Accountants, Certified General Accountants, and Certified Management Accountants to obtain a
license to practice public accounting. This is expected to increase employment opportunities for
Certified General Accountants. Public accounting licenses were mostly restricted to Chartered
Accountants under the old Act. These changes are expected to increase competition for jobs to
the eventual consolidation of some accounting designations.
Increased use of technology and accounting software has increased demand for computer skills
and technical knowledge. Demand will be strongest for individuals with specialized skills in the
areas of information technology, financial and investment planning, taxation, forensic
investigation, software and IT development.
Slower rates of new job creation are explained by the following:
The real‐estate market downturn.
Less increase in labour market demand for investment specialists in future than previously.
The downsizing of the workforce by industry (specifically the manufacturing sector in the
Western region) during the economic recession limited opportunities for employment growth in
administrative positions.
Occupational Projections
National
National labour market information is available at the 3‐digit level (NOC 111) for Auditors, Accountants,
and Investment Professionals. This is the broader occupational category within which Financial Auditors
and Accountants (NOC 1111) are classified.
COPS projections indicate that in Canada overall in the period from 2009 to 2018, labour market
demand for Auditors, Accountants and Investment Professionals will be matched fairly well to the
expected supply of workers to fill available job openings. In the period from 2009 to 2018 124,320 job
openings are expected and 119,180 workers are anticipated to fill these job openings. The number of
job seekers will increase slightly between 2009 and 2018, with the increase mainly coming from the
school system. It is expected that the number of job seekers will be sufficient to fill the job openings in
these occupations in the 2009 to 2018 period.
Although the rate of employment growth is expected to be average, most of the job openings created in
this period (61%) will be based on retirements rather than growth in the number of new jobs created.
Compared to the 2.0% annual job creation increase over the past decade, a much lower average
increase of only 0.6% is predicted for 2008 and 2017. Conversely, while an average retirement rate is
predicted throughout the forecast period, the rate is a sharp increase from the previous decade, since
workers in these occupations are older and retire somewhat earlier on average. Some demand will also
be created by workers leaving for other occupations, such as management.
LKSB Degree Program Feasibility Study • 2011
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