Manager, Canadian Tax Reporting

What’s in it for you as an employee of QFG?
Health & wellbeing resources and programs
Paid vacation, personal, and sick days for work-life balance
Competitive compensation and benefits packages
Work-life balance in a hybrid environment with at least 3 days in office
Career growth and development opportunities
Opportunities to contribute to community causes
Work with diverse team members in an inclusive and collaborative environment
This job posting is for an existing vacancy
We’re looking for our next Manager, Canadian Tax Reporting. Could It Be You?Questrade Inc., has multiple client tax reporting obligations to various tax regulators, including the Canada Revenue Agency (CRA), and Ministère du Revenu du Québec (MRQ). In addition, there are also regulatory obligations to obtain sufficient documentation from the client to identify their tax residency. Based on tax residency, withholding tax obligations must be met.
Reporting to the Senior Manager;
the individual is expected to be the Subject Matter Expert (SME) on Canadian taxation, and act as the central and final point for all issues. In addition, the individual is expected to review processes and documentation that affects client tax reporting and cost basis to ensure applicability, completeness and accuracy, with a continuous improvement mindset, keeping a positive client experience front and center. You will manage both Junior and Senior Analyst. Your mission is to evolve manual workflows into scalable, automated processes while maintaining a culture of rigorous risk control and "zero-error" tolerance. You will actively monitor service quality to mitigate risk, ensure maximum customer value, and maintain Questrade's reputation for Operational Excellence
Need more details? Keep reading…
In this role, responsibilities include but are not limited to:
Leading and monitoring Canadian tax reporting
Expert Knowledge in preparing all or some of the following tax slips: T5, T3, T5013, NR4, T5008, T1135, 1099, 1042S, Realized Gain/Loss report, and/or K-1
Prepare and monitoring XML filings
Leading and monitoring tax season project plan, to ensure all regulatory deadlines are met or exceeded
Leading discussions to ensure accurate classification of securities and income for tax reporting
Ensuring timely and accurate remittance of payments to the CRA and MRQ
Acting as the main point of contact with CRA and MRQ
Leading and monitoring daily tasks such as security and corporate action research, FX conversions, mail and email monitoring and distribution
Conducting and maintaining the reconciliation of internal tax remittance accounts with tax accounts with each regulator and ensuring discrepancies are resolved urgently and accurately.
Conducting audits of client documentation to meet QI/FATCA/CRS requirements
Participating in external and internal audits;
define KPI, SLAs for team
Managing distribution of client tax reporting related cases, and ensures timely resolution, providing recommendations for complex issue resolution and appropriate process improvements
Attending industry calls or conferences representing the firm, draft call memos and distribute to internal audience
Reviewing and coaching team members on complex reorganization and entitlement events to determine taxable or non-taxable treatment
Initiating, leading and seeing through any ongoing project
So are YOU our next Manager, Canadian Tax Reporting? You are if you…
Have University or post-graduate degree related to finance or accounting
Have 5+ years experience in client tax reporting, ideally within the brokerage industry
Have 3+ years of experience in people leadership role strongly preferred, ideally with client tax reporting
Are considered to be a SME in Canadian and/or US client tax reporting and filing processes (ideally both)
Have knowledge of U.S. withholding certificates (e.G., W-9s, W-8s), and Qualified Intermediary requirements
Have knowledge of FATCA and CRS reporting requirements
Have working knowledge of dividends, income processing, reorg, registered plans
Have working experience with book of records and back-office operational systems and processes
Additional kudos if you…
Have Tax related courses, or industry designations such as CSC, CPA would be an asset
Have knowledge of Broadridge BPS and TFP systems would be an asset
Have knowledge of database queries (e.G. SQL), Microsoft Access, and advanced Excel would be an asset;
ability to work with large set of data
Google Suite experience would be an ass et
Compensation Information:
Base salary range: $110,000 - $130,000
The final compensation package will be commensurate with the successful candidate's experience, skills, and geographic location (Canada). It includes a comprehensive benefits plan and a competitive incentive (bonus) program for Full-Time Permanent roles.
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