Manager of Taxation

Job Responsibility:

POSITION: Manager of Taxation

DEPARTMENT: Finance

REPORTS TO: COO / CFO / CEO

SALARY: $120,000/year

APPLICATION DEADLINE: November 30, 2023

LOCATION: 100 Sheppard Ave, E., North York

COMPANY BACKGROUND

The Terracap Group of Companies is a private equity real estate group based in Toronto. Our diverse portfolio encompasses over 4 million square feet of real estate across North America. The portfolio includes multi-residential, mixed use, hospitality, retail, and office as well as future development lands. Terracap delivers notable value enhancement through strategic acquisitions / investments, professional property & asset management, development, construction management, leasing and related services. Terracap's investors represent some of the top-tier business leaders and high net worth families in both Canada and the United States.

POSITION DESCRIPTION

The Manager of Taxation will direct and oversee all aspects of the organization's corporate tax strategy and ensure that all matters related to taxes are handled promptly and accurately. This includes supporting tax matters such as planning, reporting, compliance, project management, relationship management and post-merger integration. They will also be responsible for leading of team of three professionals, identifying process improvements, implementing changes, and ensuring best practices.

KEY RESPONSIBILITIES

• Prepare and review personal tax returns for owner and Family Office.
• Review and monitor all personal and corporation tax installments to make sure payments are within the deadline.
• Prepare, review corporation year end files and file corporation income tax returns.
• Prepare, review and file HST returns.
• File Ontario annual filing for Family Office corporations.
• Prepare, review and file T5013 Partnership returns.
• Prepare, review and file T3010 Charitable return, T3 and T5 returns.
• Review US partnership and corporation tax returns.
• Provide tax planning for the Terracap Group of Companies and Family Office.
• Provide cash flow analysis and forecast for the group of companies.
• Prepare Person Net Worth statement for Family Office.
• Oversee Family Office RRSP purchase and investment.
• Work with US CPA to create organizational structure to save and defer tax for projects, properties, and investments.
• Approve invoices for accounting, tax, and legal services.
• Review all tax notice of assessments and respond to CRA regarding any variance, tax review and audit.
• Provide tax advice to acquisition and development team for investments.
• Direct tax accountants for their tasks, tax compliance and financial reporting.
• Research and coordinate with tax expert and tax lawyer to deal with complicated transactions.
• Provide HST/GST/PST advice to property/project accountants and managers.
• Coordinate with bank for financing/refinancing and BA purchases.
• Prepare and calculate interest allocation for the group of companies.
• Lead and inspire three direct reports and manage the tax team's income tax activities.
• Respond to some investors for their inquiries.
• Other duties as assigned.

QUALIFICATIONS

Service / Personal Skills

• Strong interpersonal and leadership skills, including a proven ability to build relationships.
• Strong analytical and problem-solving skills.
• Excellent communication skills, both verbal and written.
• Collaborative and effective team player.
• Experience managing a team of professionals.
• Exceptional decision making, analytical and problem-solving skills.
• Proven multi-tasking skills with high level of attention to detail and accuracy.
• Assertive self-starter with the ability to work independently under minimal supervision.
• Strong organization and time management skills.
• Ability to communicate complex information clearly, concisely and to work comfortably with all levels of management.
• Ability to work under pressure, manage tight deadlines, and handle multiple demands with competing priorities.

Experience & Technical Skills

• Bachelor's Degree in Accounting, Finance or Business (Advanced degree is a plus).
• Chartered Professional Accountant (CPA) designation (preferably CPA, CA).
• Completed Levels I and II of the CPA Canada In-Depth Tax Course or Master of Taxation.
• Minimum 10 years Canadian income tax experience, including at least 7 years at retail/commercial real estate development industry.
• Excellent knowledge of Canadian tax laws.
• Strong knowledge of the commercial real estate industry, and the Canadian and US tax law implications.
• Experience implementing and managing Canadian tax structures and related compliance.
• Experience dealing with CRA auditors and Appeals.
• Proficiency in Microsoft Office, with intermediate or greater skills using Excel, Adaptability with learning new applications.
• Working knowledge of various accounting software; Yardi Voyager is considered an asset.

CONTACT US

If you are looking for an outstanding challenge and an opportunity to work with an exceptional Team, and you believe you fully meet or exceed the qualifications outlined above, then we want to hear from you. Please provide a copy of your current resume as well as a covering letter explaining why you should be considered as a serious candidate for this position. Submissions must be received by November 30, 2023. We thank all applicants for their interest but only those selected for an interview will be contacted.

Job Types: Full-time, Permanent

Salary: $120,000.00 per year

Benefits:

• Dental care
• Extended health care
• Life insurance
• Vision care

Schedule:

• Monday to Friday

Ability to commute/relocate:

• North York, ON: reliably commute or plan to relocate before starting work (required)

Application question(s):

• Have you successfully completed Levels I and II of the CPA Canada In-Depth Tax Course or have a Master of Taxation?
• Do you have working experience leading a team of professionals? If yes, how many years?

Education:

• Bachelor's Degree (required)

Experience:

• Canadian income tax: 10 years (required)
• retail/commercial real estate development industry: 7 years (required)
• Microsoft Office: 3 years (preferred)

Licence/Certification:

• Chartered Professional Accountant (required)

Work Location: In person

Application deadline: 2023-11-30