Head of Indirect Tax

Work Location: Toronto, Ontario, Canada

Hours:

Line of Business:

Pay Details:

We're committed to providing fair and equitable compensation to all our colleagues. As a candidate, we encourage you to have an open dialogue with a member of our HR Team and ask compensation related questions, including pay details for this role.

:

Department Overview :

Taxation is responsible for developing and delivering corporate direct and indirect tax services on an enterprise-wide basis for TD Bank Financial Group (TD). :

The Head of Indirect Tax is responsible for leading the Canadian indirect tax function at TD. In particular, the individual will oversee all planning and tax technical functions with respect to federal goods & services tax (GST), harmonized sales tax (HST), and provincial sales tax (for the three non-harmonized provinces) for the Bank and its subsidiaries.

• Review and ensure the accurate and timely completion of the annual GST return and quarterly installment payments for the Bank and its subsidiaries

• Provide oversight of the input tax credit (ITC) allocation methodology and ITC rates

• Coordinate the preparation of and the review the GST returns for the Bank's largest domestic subsidiaries

• Assist in the development of new/enhanced commodity tax reporting systems/policies, procedures and controls to continuously improve compliance requirements

• Act as a commodity tax subject matter expert by providing advice and counsel to the business units on commodity tax implications of new products and services to ensure that the Bank and its subsidiaries meet their compliance obligations

• Build relationships with the business units in order to better understand business issues and proactively identify opportunities for tax savings and recoveries

• Assist in reviewing proposed intercompany transactions and transactions with external suppliers to ensure the transactions comply with applicable tax laws

• Work with outside counsel to conduct research and prepare detailed technical analysis, supported by statute and precedents, to defend the Bank's tax positions

• Manage all tax audits

• Assist senior Tax Department leadership in influencing federal and provincial government policies on sales tax matters by actively participating in industry sponsored initiatives such as those sponsored by the Canadian Bankers Association, Investment Funds Institute of Canada and Tax Executives Institute

• Maintain up-to-date knowledge of GST, HST and PST legislation, jurisprudence and government assessing practices to understand the potential impact to the Bank's operations and to proactively communicate these changes to the business units through email correspondence, one-on-one discussions or group meetings/presentations

• Provide tax technical training to finance staff to increase their knowledge base in order to enhance the commodity tax compliance process

• Manage and develop junior staff

Job Requirements :

• An undergraduate degree, preferably in accounting, business or finance

• Completion of CPA In-Depth GST/HST course

• A minimum of 8 years of commodity tax experience.

• Experience working with banks, insurance companies, trust companies, investment dealers, asset management companies, or leasing companies is a strong asset

Who We Are:

TD is one of the world's leading global financial institutions and is the fifth largest bank in North America by branches/stores. Every day, we deliver legendary customer experiences to over 27 million households and businesses in Canada, the United States and around the world. More than 95,000 TD colleagues bring their skills, talent, and creativity to the Bank, those we serve, and the economies we support. We are guided by our vision to Be the Better Bank and our purpose to enrich the lives of our customers, communities and colleagues.

TD is deeply committed to being a leader in customer experience, that is why we believe that all colleagues, no matter where they work, are customer facing. As we build our business and deliver on our strategy, we are innovating to enhance the customer experience and build capabilities to shape the future of banking. Whether you've got years of banking experience or are just starting your career in financial services, we can help you realize your potential. Through regular leadership and development conversations to mentorship and training programs, we're here to support you towards your goals. As an organization, we keep growing - and so will you.

Our Total Rewards Package Our Total Rewards package reflects the investments we make in our colleagues to help them and their families achieve their financial, physical, and mental well-being goals. Total Rewards at TD includes a base salary, variable compensation, and several other key plans such as health and well-being benefits, savings and retirement programs, paid time off, banking benefits and discounts, career development, and reward and recognition programs. Learn more

Additional Information: We're delighted that you're considering building a career with TD. Through regular development conversations, training programs, and a competitive benefits plan, we're committed to providing the support our colleagues need to thrive both at work and at home. Colleague Development If you're interested in a specific career path or are looking to build certain skills, we want to help you succeed. You'll have regular career, development, and performance conversations with your manager, as well as access to an online learning platform and a variety of mentoring programs to help you unlock future opportunities. Whether you have a passion for helping customers and want to expand your experience, or you want to coach and inspire your colleagues, there are many different career paths within our organization at TD - and we're committed to helping you identify opportunities that support your goals.

Training & Onboarding We will provide training and onboarding sessions to ensure that you've got everything you need to succeed in your new role.

Interview Process We'll reach out to candidates of interest to schedule an interview. We do our best to communicate outcomes to all applicants by email or phone call.

Accommodation Your accessibility is important to us. Please let us know if you'd like accommodations (including accessible meeting rooms, captioning for virtual interviews, etc.) to help us remove barriers so that you can participate throughout the interview process. We look forward to hearing from you!

Language Requirement: