Manager, International Tax

Scotiabank•Toronto, ON

1d•Onsite

About The Position

The purpose of this position is to support the Director, International Tax on various compliance activities. Tax compliance includes ensuring that certain Canadian information returns, tax computations, tax provisions, audit information & responses to tax queries are prepared, documented, reviewed, filed, responded to accurately and on a timely basis. Some background in the Canadian foreign affiliate rules is strongly preferred. This position is also likely to assist the International Tax team on the ongoing calculations of Global Minimum Tax. The incumbent applying to this role will have a strong foundation in Canadian taxation alongside multiple years of tax accounting and reporting under IFRS.

Requirements

CPA or CA preferred
CICA In-Depth Tax Course – completion of Parts I, II & III preferred, or at a minimum completion of Parts I & II
Knowledge of the Canadian taxation rules (preferably Canadian foreign affiliate tax rules as well); experience in surplus calculations, FAPI regime, foreign tax credits and OECD Pillar Two (Global Minimum Tax) is strongly preferred
Experience in preparing and reviewing tax provisions for financial reporting purposes in accordance with IFRS
Proficiency with various & changing tax technologies (i.e. TaxPrep and others) in addition to the MS Office Suite of products (especially Excel) and other tax-related AI tools, considered an asset
Proficiency in Spanish is considered an asset.

Responsibilities

Assist with quarterly reporting processes, including: Review foreign subsidiaries’ tax provisions to confirm the current/deferred tax accounts on the income statement and balance sheet, Review the reconciliation provided for the current and deferred balance sheet account, Ensure accurate recording of the tax expense/benefit in relevant accounts, Prepare various computations such as foreign (business & non-business) tax credits and FAPI (as necessary), Prepare certain capital management reports (i.e., future tax losses, intangibles, deferred tax asset carryback analysis), Assist in the preparation of information pertaining to certain note disclosures as they relate to the Bank’s foreign subsidiaries, Assist in the tax modelling, calculations, and compliance related to Global Minimum Tax.
Statutory effective tax rate planning and forecasting for international subsidiaries on a monthly basis.
Prepare the Bank’s foreign affiliate information reporting tax returns (T1134’s) and transactions with related non-residents (T106’s) in an accurate and timely manner.
Assist the International Tax team with responding to audit queries in respect of the Bank and its foreign subsidiaries.
Provide informational and documentation support to the tax department and the Bank by assisting the International Tax team in answering queries and provide information and documentation in a timely and accurate manner and coordinate with the Canada Revenue Agency where required in respect of such queries, information or documentation.
Prepare and coordinate information for surplus computations and ACB.
Responsible for the timely collection and filing of tax, financial, organizational, and other information in respect of the foreign affiliates of the bank; maintenance of organized files is a key requirement for this position.