Head of Indirect Tax - Toronto, Canada - TD Bank

TD Bank

Verified Company

Toronto, Canada

2 weeks ago

Posted by:

Sophia Lee

beBee Recruiter

Description

430824BR

Finance / Accounting

Toronto, ON

January 25, 2024

Hours

37.5

Workplace Model

Hybrid

Pay Details

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).

Job Details

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
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
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, trust companies, investment dealers, asset management companies, insurance companies or leasing companies would be an asset

Additional Information

Please note internally this role is formally titled "Senior Group Manager, Specialized Finance"

Company Overview

Our Values

At TD we're guided by our purpose is to enrich the lives of our customers, communities and colleagues, and share a set of values that shape our culture and guide our behavior.

In exchange for how our colleagues show up to help TD succeed, we are committed to delivering a colleague experience grounded in Impact, Growth and a Culture of Care.

No matter where you work across TD, we empower you to make an impact at work and in your community, explore and grow your career and be part of our caring and inclusive culture.

Making Your Well-being a Priority
A supportive culture that promotes colleague well-being is core to who we are.

At TD, we focus on total well-being with extensive programs to help colleagues assess, manage, and improve their well-being across four core pillars — physical, financial, social and mental/emotional.

In addition, we champion a safe and inclusive work environment so colleagues feel a sense of belonging and feel supported in their personal and professional growth.

Through our focus on well-being, we know that we can help our colleagues thrive, contribute to our culture of care, and support better business outcomes, because when colleagues feel their best, they're more likely to do their best.

Our Total Rewards Package

Our Total Rewards package reflects the investment we make in our colleagues to help them, and their families achieve their 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 including medical, dental, vision & mental health coverage, savings and retirement programs, paid time off, banking benefits and discounts, career development, and reward and recognition programs.

How We Work
At TD, we believe in-person connections fuel collaboration and collective creativity.

Our workplace experience empowers colleagues to do great work side-by-side at TD locations, while offering flexibility to work remotely where it makes sense for the work and team.

Our teams work in one of three workplace models:
Hybrid, Onsite and Primarily Remote. Wherever our colleagues are working, they'll always have access to the TD community and experience our culture of care.

Who We Are
TD is one of the world's leading global financial institutions and is the fifth larg