Senior Analyst, 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

• Hybrid and flexible work arrangements

• Career growth and development opportunities

• Opportunities to contribute to community causes

• Work with diverse team members in an inclusive and collaborative environment

We’re looking for our next Senior Analyst, Tax Reporting. Could It Be You?

The purpose of the Senior  Analyst, Tax Reporting is to provide support to the Tax Reporting team with regards to operational processes, including client documentation review, withholding tax remittance, income reconciliation, and tax reporting to clients and regulators, to continue to comply with Canadian & US tax regulations.   

The role is also intended to provide support on tax related research, ensuring Questrade reports tax information accurately to Investors and Regulators.   Tax related research includes research on rule changes that impact tax reporting (both Canadian & US tax), as well as research on new securities, income from securities and new tax rules.

What’s it like working as a Senior Analyst, Tax Reporting at Questrade?

Questrade Inc. has multiple client tax reporting obligations to various tax regulators, including the Canada Revenue Agency (CRA), Ministère du Revenu du Québec (MRQ) and the Internal Revenue Service (IRS).  These obligations generally fall under these categories: 

(1) Obtaining sufficient documentation from the client to identify their tax residency

(2) Classifying securities and income from those securities for tax reporting purposes, and

(3) Reporting appropriate tax information to Investors and regulators, including periodic remittance, issuing tax slips, and electronic filing, as applicable.

(4) Experience with Canadian investment reporting T5,T3,T5013, CRS and FATCA

(5) Experience with U.S reporting for QIs 1099 and 1042. 

This role is intended to be the lead on researching changes to new rules impacting tax reporting, and research on securities, and income from said securities for tax reporting purposes.  The role will research and provide recommendations on taxation of foreign income on Canadian tax slips.  This  role also performs &/or assists with operational processes that support the tax team in ensuring all regulatory obligations continue to be met.

Need more details? Keep reading…

Primary

• Perform periodic tasks as needed to comply with Canadian and US tax reporting regulations 

• Review documentation on client accounts and determine appropriate tax residency 

• Prepare/ coordinate payment requests for withholding tax remittance to regulators

• Reconciliations of income and withholding tax

• Respond to internal and external tax related queries

• Participate in the preparation of client and regulatory tax reporting 

• Review & enter provided tax factors for securities in the tax system

• Review & enter provided client &/or securities  transactions in the tax system

• Review and verify information reporting on Canadian investment slips  T5,T3,T5013, CRS and FATCA

• Review and verify information reporting on U.S. Investment slips 1099 and 1042

• Track work completed and any errors found

• Identify and bring process improvement opportunities to the table

• Collaborate with other team members, or other departments on mini projects

• Other ad hoc duties, and projects, as assigned 

As needed

• Research into new tax rules, and impact to Questrade (clients, systems, processes) as assigned

• Gap analysis of Questrade’s compliance with existing tax rules

• Participate in monthly securities research for tax reporting purposes

• Classification of new securities to ensure tax information is represented on the correct tax slip

• Classification of income (including deemed income) from securities to ensure appropriate withholding for US &/or CDN tax purposes, and to ensure reportable income is correctly represented on tax slip(s)

• Classification of corporate actions to ensure appropriate withholding for US &/or CDN tax purposes, and to ensure reportable income is correctly represented on tax slip(s)

• Research and provide recommendation on most appropriate representation of foreign income on Canadian tax slip(s)

So are YOU our next Senior Analyst, Tax Reporting? You are, if you have…

• Post-secondary education, preferably in Finance, Economics, or related field

• Successful completion of tax courses, or working towards a CPA would be is an asset 

• Prior work experience (2 years+) in a Tax Reporting role, focussing on research and analysis of Canadian &/or US tax reporting rules would be strongly preferred

• Prior work experience (2 years+) with Canadian &/or US client tax reporting would be strongly preferred

• Prior work experience (2 years+) in an operational, continuous improvement or client service role, preferably within a financial services organization is an asset

• Prior work experience with writing proposals on operational processes based on external research &/or internal gap analysis would be an asset

• Strong knowledge of client and/or securities taxation rules, understanding impact and operational processes is compulsory

• Strong knowledge Canadian and/or US client tax reporting is compulsory

• Knowledge of types of securities, types of income from securities and types of corporate actions is strongly preferred

• Overall understanding of the securities industry, and how an IIROC regulated brokerage operates is preferred

• Experience with Qualified Intermediary obligations is an asset

• High Intermediate/ Advanced knowledge of excel or google sheets is strongly preferred

• Ability to build macros, and knowledge of coding languages is preferred 

• Experience with Broadridge systems would be a nice to have

#LI-MB1 #LI-Hybrid

Sounds like you? Click below to apply!