I have completed my master's in accounting from Australia in 2019 and now I have moved permanently to Canada. Will my Australian degree be recognized by Canadian employers? Or do I have to study again here to get a good accounting job?
Yes, it will be recognized. But you will need to get your professional accounting accreditation if you want to progress to higher-level jobs in Canada.
However, your degree will be good in Canada. Many workers in Canada only have foreign degrees but still, move up the corporate ladder.
Depending on the role and the employer, you could have to pursue the CPA designation. Some companies don't care, while some do.