Search jobs now Find the right job type for you Explore how we help job seekers Contract talent Permanent talent Learn how we work with you Executive search Finance and Accounting Technology Marketing and Creative Legal Administrative and Customer Support Technology Risk, Audit and Compliance Finance and Accounting Digital, Marketing and Customer Experience Legal Operations Human Resources 2026 Salary Guide Demand for Skilled Talent Report Building Future-Forward Tech Teams Job Market Outlook Press Room Salary and hiring trends Adaptive working Competitive advantage Work/life balance Inclusion Browse jobs Find your next hire Our locations

Cost Accountant in Toronto, ON

Cost Accountant Job Description

A Cost Accountant is a professional responsible for supporting the analysis and reporting of manufacturing, production, or project costs to ensure financial accuracy and operational efficiency. This role involves assisting with maintaining cost accounting systems, tracking inventory, and performing initial variance analysis to inform key business decisions. Candidates need strong analytical skills, meticulous attention to detail, and a foundational proficiency with accounting software. Typically, 0-3 years of progressive experience in cost accounting or a related accounting role is required. A Bachelor's Degree in Accounting or Finance is essential, with candidates actively pursuing a Chartered Professional Accountant (CPA) designation preferred. A foundational understanding of Canadian manufacturing practices and relevant accounting standards is key, along with an eagerness to learn and grow.

Typical cost accountant duties:

Assist with maintaining and updating cost accounting systems (e.g., standard costs for materials, labour, overhead).Support the analysis of actual versus standard costs, helping identify and explain variances.Prepare detailed cost reports on production, inventory, and profitability.Assist with inventory valuation, ensuring accurate costing and reconciliation.Support month-end and year-end close processes for Cost of Goods Sold (COGS) and inventory.Collaborate with operations and supply chain teams to gather cost data.Contribute to budgeting and forecasting activities related to production costs.Ensure compliance with Canadian accounting standards (ASPE/IFRS) for inventory and costing.

Looking for a cost accountant or a cost accountant job?

Submit your resume or request talent now and our expert recruiters will be with you shortly.Robert Half can assist you with your cost accountant staffing needs.
Salary for Cost Accountant in Toronto, ON
65709 - 94131
Low
65709
The candidate is new to the role or has limited experience and is building necessary skills.
Mid
79790
The candidate has moderate experience in the role, meets most requirements or has equivalent transferrable skills, and may also have relevant certifications.
High
94131
The candidate has extensive experience and advanced skills for the role, and may also have specialized certifications.
Projected salaries for related positions Job title Low Mid High Chief Financial Officer 188001 237804 306381 Director of Accounting 134286 153321 182786 Corporate Controller 134026 162447 189565 Controller 119684 147585 179918 Assistant Controller 93870 113426 132722 Accounting Manager 97260 113687 137676 Senior Accountant – Financial Services 99607 125942 134808 Accountant – Financial Services 85787 94131 105604 Senior Accountant 79529 94392 110558 Accountant 60494 71706 82658 Junior Accountant 52411 58147 63102 Cost Accounting Manager 101953 123335 137155 Senior Cost Accountant 89698 98824 111080 Property Accountant 66491 77443 93870 Director of Financial Reporting 135851 159840 186176 Financial Reporting Manager 119424 144195 166619 Senior Financial Reporting Accountant 96738 113687 121249 Financial Reporting Accountant 75618 89698 99085

Explore more salaries

Learn what sets our data apart

Looking to hire? Start here.

Access the skilled permanent and contract talent you need—from support roles to C-suite—with precision matching powered by Robert Half recruiters leveraging their experience combined together with our industry-leading AI technology. Hire talent

More to explore

Our starting salary projections come from a rigorous, multistep process so that our numbers accurately reflect the marketplace. They are based on actual compensation for professionals Robert Half has matched with employers across the country and third-party job posting data from Textkernel that we use to independently validate the salary levels. Starting compensation—pay for someone new to a role—can vary significantly based on a candidate’s skills, experience and certifications, as well as other factors including industry, company size and revenue, and demand for the role. To reflect this variability, we report our salary data in three levels: low, mid and high.