Manager, Canadian Tax Reporting

Questrade is on a mission to help Canadians to become much more financially successful and secure.

For nearly 30 years, Questrade Financial Group has been delivering on that mission through investing, banking, mortgages, and real estate. Together, we tilt finance in favour of ambitious Canadians, creating new ways for them to seize the financial future they deserve.

We're looking for people who are ready to enter their career inflection point. Mission-driven, exceptional folks that never settle. The work here is hard because the responsibility is real. If that's the standard you've been looking for, keep reading.

Req 4392

The return on your career investment

• Compensation and incentives built to reward the value you bring.
• RRSP matching of up to 6%.
• Health and wellness resources and programs, including $5,000 in mental health practitioner coverage.
• $5,000 in tuition subsidies for job-related courses, every year.
• 100% parental top-up, up to 26 weeks for birthing parents and 18 weeks for non-birthing parents.
• A hybrid environment, with at least three days in the office built for working together.
• Paid vacation, personal, and sick days.
• A community care day to give back to the causes you care about.

This job posting is for an existing vacancy

We’re looking for our next Manager, Canadian Tax Reporting.

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

The Mandate

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

You’re ready for this mandate if you have the following qualifications

• 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
  
  

Nice to have

• 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 asset

Sounds like you? Click below to apply!

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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.

Base salary range

$110,000—$130,000 CAD

Technology and AI

We mix human ingenuity with advanced technology. For ambitious builders like you, we provide the latest technology to enable your creativity. You'll have everything you need to build the best outcomes and products for our clients.

Diversity and Inclusion

At Questrade Financial Group of Companies, we’re committed to fostering a diverse, inclusive, and accessible work environment where individuals are treated with dignity and respect. Our global team reflects the diversity of the communities we serve and operate in.

Accessibility statement

Candidates selected for an interview are contacted directly. If you require accommodation during the recruitment or selection process, please let us know. We will work with you to meet your needs.

AI in hiring

Questrade Financial Group of companies Applicant Tracking System uses artificial intelligence (AI) for application screening. The AI system operates on predetermined criteria, with final decisions subject to human review.