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Our Story

Built By Practicing CPA’s for Practicing CPA’s

Being frustrated with the lack of available top student talent in Metro Vancouver and having dealt with outsource personnel from India and The Philippines, our related CPA firm ventured South to Mexico.

After extensive research we selected Merida because of its high safety rating (#1 in Mexico), top caliber Universities and ease of travel to and from Canada. We hired and trained 3 Mexican professionals in accounting for Canadian owner-managed private corporations and soon came to the realization that if it works for our CPA firm it can work for any Canadian firm.

In collaboration with Merida’s top three Universities we developed a 600 hour program that trains 4th year University accounting students on the major software applications used by most CPA firms and how to prepare Notice to Reader engagements using case studies based on actual Canadian clients.

Our program provides Mexican accounting students the unique opportunity of securing remote employment with a Canadian CPA firm that pays them significantly more than what they would earn in Mexico. It provides CPA firms the ability to expand their remote workplace capabilities that were forced upon them by Covid-19, at significant cost savings.

The Need for Top Student Talent

University accounting graduates are an essential part of growing a profitable CPA firm. They complete entry level engagements at lower charge rates and add bandwidth that allow a firm’s qualified professionals to provide value added advisory services to its’ top clients.

However, the competition for top graduates is fierce as they are recruited by other sectors outside public accounting such as banking, finance, insurance and government, which puts upward pressure on compensation and retention.

Ultimately, the time and cost associated with recruiting, hiring and training students is onerous and expensive. Maintaining Canadian CPA students to prepare assurance engagements and leveraging Mexican accounting graduates to prepare Notice to Reader engagements will reduce these costs and allow a firm to grow and become more profitable.

The Need for Top Student Talent

University accounting graduates are an essential part of growing a profitable CPA firm. They complete entry level engagements at lower charge rates and add bandwidth that allow a firm’s qualified professionals to provide value added advisory services to its’ top clients.

However, the competition for top graduates is fierce as they are recruited by other sectors outside public accounting such as banking, finance, insurance and government, which puts upward pressure on compensation and retention.

Ultimately, the time and cost associated with recruiting, hiring and training students is onerous and expensive. Maintaining Canadian CPA students to prepare assurance engagements and leveraging Mexican accounting graduates to prepare Notice to Reader engagements will reduce these costs and allow a firm to grow and become more profitable.

Our University Accounting Graduates

Our Mexican university graduates can significantly lower the costs associated with hiring, training and employing accounting students. They are:

  • Fluent in English and well spoken
  • Trained in the accounting and corporate tax applications used by most Canadian CPA firms
  • Chargeable and productive from day 1 of remote employment

Click here to request a code to access the personal file of our trainees

Our University Accounting Graduates

Our Mexican university graduates can significantly lower the costs associated with hiring, training and employing accounting students. They are:

  • Fluent in English and well spoken
  • Trained in the accounting and corporate tax applications used by most Canadian CPA firms
  • Chargeable and productive from day 1 of remote employment

Click here to request a code to access the personal file of our trainees

Our Training Program

0
HOURS

Of structured, supervised training that includes:

0
CASE STUDIES

of Notice to Reader compilation engagements for owner-managed CCPC’s

Students can prepare:

  • Client bookkeeping
  • Working paper files
  • Year-end financial statements
  • GST returns
  • Corporate income tax returns

Students can be productive with any firm providing services to owner-managed business.

Click here for a summary of topics covered by the Case Studies

We are not
Outsourcing

Outsourcing companies

  • Canada is barely on their radar, so Canadian specific training must be provided by the firm.
  • Distant time zones make it difficult to access a person during Canadian business hours.
  • Though they speak English, Indian and Philippine accents are very strong and difficult to understand.
  • The accounting firm only has a relationship with a foreign outsource manager, rarely the person doing the work.
  • Focus on profit by paying their employees the lowest wages possible which results in significant turnover.
  • The accounting firms and outsourced employees are only numbers.

CanaMex is Remote Employment

  • Provides you with your own employee who only works on your files.
  • Provides fully trained accounting graduates.
  • Allows you to further train your graduates in firm specific policies and procedures.
  • Graduates earn significantly higher salaries compared to what they would earn working for a Mexican accounting firm and they work less hours. This provides a better quality of life for the Graduates which results in higher retention for the Canadian firms.
  • Focuses on building strategic relationships between Merida, Mexico’s best Universities and their top accounting students.
  • When future travel conditions permit, relationships between a Canadian CPA firm and its remote employees can be enhanced by visiting their team member in Merida for a working vacation and enjoy the Yucatan’s food, culture and weather.
  • Graduates are trained in preparing Notice to Reader engagements for owner-managed private corporations.

CanaMex is Remote Employment

  • Provides you with your own employee who only works on your files.
  • Provides fully trained accounting graduates.
  • Allows you to further train your graduates in firm specific policies and procedures.
  • Graduates earn significantly higher salaries compared to what they would earn working for a Mexican accounting firm and they work less hours. This provides a better quality of life for the Graduates which results in higher retention for the Canadian firms.
  • Focuses on building strategic relationships between Merida, Mexico’s best Universities and their top accounting students.
  • When future travel conditions permit, relationships between a Canadian CPA firm and its remote employees can be enhanced by visiting their team member in Merida for a working vacation and enjoy the Yucatan’s food, culture and weather.
  • Graduates are trained in preparing Notice to Reader engagements for owner-managed private corporations.

Cost Savings

0%
Recruiting
0%
Training
0% +
Salaries

Frequently Asked Questions

Participating in Our Program

  1. Contact us to discuss our program and obtain our fee schedule.
  2. Provide us the names of 2 or 3 Graduates you wish to interview, and we will arrange a Zoom call for the introductions. After this interview you are free to directly communicate with them.
  3. Sign our Remote Employment contract.
  4. Select your graduate and pay our placement fee.
  5. Pay a refundable technology damage deposit for your remote employee’s computer and 3 monitors. This amount will be refundable on a pro-rated 36 month basis if your employee stops working for your CPA firm and you withdraw from our program. However, it will be payable again should you hire another Graduate. It is also payable on a Graduate by Graduate basis if multiple Graduates are hired.
  6. Provide authorization for automatic payment of our monthly Canadian fee.

English Skills

Contact us for a code to access the student videos so you can assess their English, university transcripts and work experience. You will be impressed.

Bachelor of Accounting Degrees from the Merida Universities

Depending on the University, the degree programs range from 8-10 semesters and include financial accounting, cost accounting and finance courses similar to what is taken by students enrolled in similar programs provided by Canadian Universities

Click here for a summary of the degree programs

How Remote Employees are Paid

Your remote employee will be directly contracted with your Canadian CPA firm. Using a payment processing service, you pay your employee directly. We use VEEM and it works well. We can assist with establishing this.

As they are considered self-employed for Mexican income tax purposes, they pay their own income taxes and contribute to their own retirement plans.

To avoid having the accounting graduates “jump” between Canadian CPA firms we recommend that all firms pay the same standard rate to all students. However, bonus and incentive payments are strongly recommended to demonstrate your loyalty to your Graduate and show appreciation for their efforts.

We can assist with designing an incentive program for your firm.

What if Your Remote Employee Doesn’t Work Out or Quits?

During your first year of contracting with us for a specific remote employee, we will replace the Graduate for another one at no additional charge if you feel the graduate is not compatible with your CPA firm.

If during your first year of contracting with us you replace your initial graduate with another one but you ultimately decide that you do not want to participate in our program we will refund the full placement fee and technology deposit within 30 days of receiving written or electronic notice.

For terminations occurring after one year the technology deposit will be refunded using a 36 month pro-rated basis.

IT Requirements

IT requirements will be determined by your Canadian CPA firm’s current IT structure. Similar to how many CPA firms have had employees work remotely during the Covid-19 period, remote, secured access is used by remote employees to conduct their work.

If you do not have employees working remotely our IT manager can assist you with setting up a structure that works for you and your remote employee.

Client Confidentiality and Data Security

  • All students undergo a criminal record check.
  • All remote employees are required to sign a joint confidentiality agreement with CanaMex e-accountants and your Canadian CPA firm.
  • None of the computers have hard drives that can save files or accessible USB ports to prevent any information from being copied.
  • Cellular phones and cameras are not allowed in the remote employee area of our facilities and must be “checked in and out” with our facility manager.
  • 24 hours video surveillance cameras monitor the remote employment area to help prevent potential security violations.

Have any more questions?

Get in touch

Call us from Monday – Friday from 9 am to 5 pm (Pacific), except on holidays.

Phone : 604-444-0376
Email : info@canamex-e.accountants

    Our Remote Employment Centre

    Our current facility is located at the Armoran Corporate Plaza.

    Each remote employee is allocated a private workstation and computer with 3 monitors.

    A Covid-19 safety plan compliant with the State of Yucatan and Worksafe BC will be in place.

    Services Provided by CanaMex Personnel

    All our personnel are University graduates with Bachelor of accounting degrees.  Some even have MBA’s.

    They have worked several years with public accounting firms in Merida and for almost 3 years with our Burnaby, BC accounting firm.  They have impeccable English and are well versed in Canadian accounting and corporate income tax preparation.

    We will assist your remote employee with any technical accounting and application software issues

    We will monitor and report the attendance of your employee and ensure they are engaged with their work.

    Personnel at our Burnaby office, whom are originally from Mexico, are also available to assist our Merida team when required.

    Quarterly training sessions will be conducted commencing September 2020.

    Annual convention for participating CPA firms and their remote employees will be scheduled for Playa del Carmen’s top resort when post Covid-19 travel conditions permit. The convention will be eligible for CPABC professional development hours.

    Services Provided by CanaMex Personnel

    All our personnel are University graduates with Bachelor of accounting degrees.  Some even have MBA’s.

    They have worked several years with public accounting firms in Merida and for almost 3 years with our Burnaby, BC accounting firm.  They have impeccable English and are well versed in Canadian accounting and corporate income tax preparation.

    We will assist your remote employee with any technical accounting and application software issues

    We will monitor and report the attendance of your employee and ensure they are engaged with their work.

    Personnel at our Burnaby office, whom are originally from Mexico, are also available to assist our Merida team when required.

    Quarterly training sessions will be conducted commencing September 2020.

    Annual convention for participating CPA firms and their remote employees will be scheduled for Playa del Carmen’s top resort when post Covid-19 travel conditions permit. The convention will be eligible for CPABC professional development hours.

    Merida, Yucatan

    Highest Safety
    Rating in Mexico

    Merida is the capital city of the State of Yucatan. It is a beautiful, vibrant city full of culture and tradition. It has the highest safety rating of all major Mexican cities and it is a delight to visit.

    Mérida surpasses Florence and Québec as the Best City in the World” published by Forbes Mexico (translation of article).

    Original article in Spanish

    It is located 20 miles inland from the Gulf of Mexico, with Progreso being the closest “beach town.”

    Merida is easily accessible through Mexico City or Cancun. Westjet even offers seasonal direct flights from Toronto.

    It is a very affordable city with amazing food and a warm climate during our long Canadian winters.

    Merida, Yucatan

    Highest Safety
    Rating in Mexico

    Merida is the capital city of the State of Yucatan. It is a beautiful, vibrant city full of culture and tradition. It has the highest safety rating of all major Mexican cities and it is a delight to visit.

    It was recently voted “Best small city in the World” by readers of Condé Nast Traveler Magazine.

    It is located 20 miles inland from the Gulf of Mexico, with Progreso being the closest “beach town.”

    Merida is easily accessible through Mexico City or Cancun. Westjet even offers seasonal direct flights from Toronto.

    It is a very affordable city with amazing food and a warm climate during our long Canadian winters.

    Covid-19 notice

    Due to COVID-19 and per health authorities recommendations this service is temporarily suspended until further notice

    Travel Concierge

    We offer a free travel service to help you plan your trips to Merida and the Yucatan Peninsula.   We will arrange all ground transportation, accommodation and tours.

    “Must see” destinations include:

    • Mayan ruins at Chichen Itza
    • pink flamingo migration at Celestun
    • beautiful beach and seafood restaurants at Progreso

    CanaMex also has preferred rates with major hotels in Merida, plus 2 luxury all-inclusive beach resorts in Cancun and Playa del Carmen.

    Sign up to our free 30-day trial period.

    Please send us your contact information so we can phone you to discuss our program and obtain an access code to access and review the personal files of our Remote Accountants.

    After selecting 2 or 3 Graduates you wish to interview, we will arrange Zoom meetings for introductions. After the meetings you are free to directly communicate with them.