Benjie Thomas: From Waterloo co-op to CEO of KPMG in Canada

Benjie Thomas (PDAcc '98), is the new CEO of KPMG in Canada and his path to getting there is a testament to the power of education, determination and the opportunities that lie within Waterloo’s co-op program. Thomas’s journey from the School of Accounting and Finance (SAF) to one of the most influential figures in Canadian business is a story of dedication, leadership and commitment to excellence.

Thomas's decision to pursue his studies at Waterloo was driven by two key factors: The University's renowned reputation for CPA success and its robust co-op program.

“Waterloo had the highest pass rate for CPA exams, and I knew that if I attended, my chances of passing would be better,” Thomas recalls. “The co-op program was another major draw. Unlike other universities where you had to apply for co-op after your first year, at Waterloo it was built into your acceptance.”

This forward-thinking approach to education gave Thomas and countless others the chance to gain real-world experience while studying, shaping their careers and setting them up for success from the start.

Thomas’s time at Waterloo wasn’t just about academics. He was also a varsity football player for the Waterloo Warriors, an experience that profoundly shaped his time on campus. Balancing the rigours of varsity athletics with the demands of a challenging accounting program required discipline and impeccable time management.

“It taught me how to effectively manage two major commitments — my studies and the team,” Thomas says. “To this day, I still consider myself a master of high return on invested time.”

His experience in varsity sports also expanded his network on campus, connecting him not only with fellow SAF classmates but also with athletes from across the University. These relationships continue to be an important part of his personal and professional life today.

Warrior pride lives on inside Thomas’s home gym

Thomas’s career with KPMG in Canada, which spans over 23 years, began through Waterloo's co-op program. After joining the firm, he quickly distinguished himself as a key player, working his way up through various leadership roles. Today, he has taken office as the new CEO of KPMG in Canada, a testament to his work ethic, leadership and commitment to the firm.

“At KPMG, I’ve always been drawn to the entrepreneurial culture,” Thomas says. “I chose to become a CPA because I knew it would give me a strong foundation for pursuing my entrepreneurial dreams. Even while I was at Waterloo, I started a business providing custom clothing for varsity teams. KPMG fosters that same entrepreneurial spirit, and I’ve been fortunate to build a career here surrounded by people who share my values.”

As he prepares to tackle his role of CEO — football analogy intended — Thomas’ focus is on leading KPMG through the disruptive changes ahead while helping Canadian businesses seize new growth opportunities.

“My priority will be to ensure we have the right talent and the right solutions to help Canadian businesses solve the most pressing issues of our time,” he says. Thomas also recognizes the importance of embracing emerging technologies like artificial intelligence to keep KPMG and its clients at the forefront of innovation.

Throughout his career, Thomas has remained committed to giving back to the University of Waterloo and the School of Accounting and Finance. He serves on the SAF Director’s Advisory Council, offering guidance on long-term planning and special initiatives, and he is a dedicated philanthropist, funding four annual scholarships for SAF students and athletes.

“I believe it’s important to give back to the places that shaped who we are today,” Thomas says. “Waterloo provided me with the foundation I needed to succeed, and I’m proud to support the next generation of leaders coming out of SAF.”

When asked to share some advice for young students with big aspirations, Thomas has a few words of wisdom. "Find your passion and become the best at what you do. But perhaps more importantly, build relationships with your classmates. These connections will be with you throughout your career. Some of my closest business relationships today are with my former classmates from Waterloo. Those friendships last a lifetime."

Thomas’s journey is a source of immense pride for the University of Waterloo. His story exemplifies the power of hard work, community and the unique opportunities offered through the School of Accounting and Finance. As he steps into his role as CEO of KPMG in Canada, we know Thomas will continue to make an impact — not only in business but as a role model and mentor to future generations of SAF students.

Banner credit: KPMG in Canada