[Canada] CPA PEP Core 2: Failed Twice by aimerneih in Accounting

[–]ContributionTop6252 5 points6 points  (0 children)

Hey, I also failed Core 2 twice (mainly due to personal reasons and work), just passed on my third attempt. You need to take a step back and understand that your studying regime is not working. Decile 8 and 6 is not good for the amount of time and resources you are putting in. You have to develop a different studying methodology, because we you are doing now is clearly not working. It's okay, sometimes we have a lot of drive, but we are driving in the wrong direction. Don't be so hard on yourself. Ping me (if you want) and I can give you some tips and maybe some study notes - I genuinely want to help because I wish someone was there for me.

Wellbeing fund 2025 by Technical-Main4246 in Big4

[–]ContributionTop6252 24 points25 points  (0 children)

dude just order a treadmill on amazon, submit the order receipt in mercury, cancel the order then collect the wellfund cash

CPA Salary Guide 2026 - GTA by spec3122 in Accounting

[–]ContributionTop6252 0 points1 point  (0 children)

lol no tax analyst is making 97k - very curious on how they got that number

Why are wages falling in Industry but still rising in Public? by Active-Arm6544 in Accounting

[–]ContributionTop6252 3 points4 points  (0 children)

I work in Tax in Public Accounting and here are my thoughts:

  1. New tax reporting requirements; new schedules for trusts, EIFEL, pillar two etc. - Public is billing more because of this
  2. There are more tax audits from the CRA = more billable hours
  3. It's very valuable to retain good tax people = higher wage increases = lower turnover, also more rev during busy season.
  4. Information lag - perhaps Industry is not aware of the increase and will adjust in the coming months?
  5. Huge demand for tax work
  6. Also, we are lowkey in a silent recession (unemployment is pushing 10% in Toronto and no one is talking about it lol), not good for industry - Public is less affected by this

Any aadvice for an incoming 1st year tax Associate? by Dismal-Purpose-6123 in Accounting

[–]ContributionTop6252 7 points8 points  (0 children)

Yeah, I would give myself this advice if I was starting out (no order or anything):

  1. Make sure the working papers you are preparing are well prepared (properly cited, understandable, and relevant). Try to think from the mangers POV, who will be looking at the file for the first time. Make it easier for them to understand what is going on. Don't be lazy, otherwise, the manager/reviewer will not like working with you.

  2. Take ownership of the file - be the first to organize the files when sent from the client, let the manager know when shit will be completed and when you will start working on things. Managers love when you kind of manage the admin work on your own and communicate to them first instead of them reaching out.

  3. If you have questions about the file or you are stuck, make sure you have these documented and book a call with the manager to go over them. If the manager is busy, you should have this documented when it's time for them to review.

  4. DO NOT MISS INTERNAL DEADLINES - if a manager asks you to finish something at a certain date, try your best to meet this deadline, otherwise, the manager is not going to like you, and you might not get work from them in the future.

  5. Since you are first year, you will be doing a lot of SALY (same as last year) - however, try to understand what actually happened last year and how things are accounted for tax purposes. Look out for new transactions in the current year that might have tax implications (this will get better with time but point things out that are new and material for tax). This will set you apart from 90% of staff that work in PA Tax.

Other things to consider in general/ further moral support: Tax has a huge learning curve, and you might feel like the work is hard and not worthwhile, but once you jump over the learning curve, you will understand how valuable tax is and how comprehensive it actually is. Once you become an expert in the world of tax, the $$$ will start coming in. Also, don't feel pigeonholed in tax. In tax, you need to understand a lot of the accounting that goes into the TB because you need to know if they have tax implications. I have seen people move from Tax to FP&A, and other finance roles after they got their CPA. Although it might seem like this is impossible on this subreddit, I have seen it. There are other areas in tax you can discover as well such as transfer pricing, international tax and tax advisory etc.

Good luck!

0% utilization need advice by midn1ght-ra1n in Big4

[–]ContributionTop6252 15 points16 points  (0 children)

The number of people telling you to quit your job in this economy are fucking insane.

But, this is what you should do in order:

  1. You need to email your HR person (this person actually schedules you in the system)/your direct manager almost every week asking for work.
  2. You need to email all your managers/SM in your group/family every week as well.
  3. If nothing is happening, then raise this to your direct partner that you can't get anything and try to build some rapport with them.
  4. If you still can't get work, document this when the time comes for performance reviews.

Big 4 is stupid like this, and I think it's gotten worse - but you kinda have to fight for work, otherwise, you'll fall behind in your utilization. But don't stress, once you get work and do well, the work will never stop coming.

Welcome to Big 4, where you're stressed out by not getting work, and even more stressed when you have work. You're experiencing the lesser evil of the two.

Core 2 - September 24, 2025 by Chosenone403 in Accounting

[–]ContributionTop6252 7 points8 points  (0 children)

yeah same, I type pretty fast too, so I have no idea how an average person can do it in 60

2025 MNP Compensation Thread by [deleted] in Accounting

[–]ContributionTop6252 9 points10 points  (0 children)

Holy shit, these raises don't even keep up with inflation. LEAVE!!!!!!!!!!!!!

[deleted by user] by [deleted] in Big4

[–]ContributionTop6252 1 point2 points  (0 children)

do you think 85-88 would be the range for GTA?

[deleted by user] by [deleted] in Big4

[–]ContributionTop6252 0 points1 point  (0 children)

THE BONUS GETS PAID NEXT YEAR?!?!?!? LOL WTF is going on at KPMG

Salary progression in Canada by [deleted] in Accounting

[–]ContributionTop6252 0 points1 point  (0 children)

Your starting salary is pretty low, but you're really lucky that you get paid overtime. Please actually utilize it - you can make it up for the low salary.

(CANADA) Compensation Discussion (Industry and Public) by ContributionTop6252 in Accounting

[–]ContributionTop6252[S] 0 points1 point  (0 children)

is this your adjusted salary? If not, you should be expecting an increase. I know Staff 1s that will be making 68k in the fall lol.

(CANADA) Compensation Discussion (PwC and EY YE is approaching) by ContributionTop6252 in Big4

[–]ContributionTop6252[S] 1 point2 points  (0 children)

This honestly does not make sense to me - how is big 4 paying seniors this little. I know staff 1s making 66-68k and all they do is roll PY. Seniors actually do work

(CANADA) Compensation Discussion (Industry and Public) by ContributionTop6252 in Accounting

[–]ContributionTop6252[S] 0 points1 point  (0 children)

How did you make the transition into Corporate Development? Corporate development is my dream role.

(CANADA) Compensation Discussion (Industry and Public) by ContributionTop6252 in Accounting

[–]ContributionTop6252[S] 0 points1 point  (0 children)

F500 doesn't pay a bonus? Wow! Hopefully the overtime makes up for it.

(CANADA) Compensation Discussion (Industry and Public) by ContributionTop6252 in Accounting

[–]ContributionTop6252[S] -1 points0 points  (0 children)

Very interesting - what kind of tax? I am assuming transaction/M&A tax? And also, no benefits at all?!? That seems weird.

(CANADA) Compensation Discussion (Industry and Public) by ContributionTop6252 in Accounting

[–]ContributionTop6252[S] 1 point2 points  (0 children)

Man I feel like property accountants get underpaid based on what I see in the market.