Scotiabank

Manager, International Tax

Scotiabank • $90K — $120K *
Toronto, ON M3C 0E3In-Person
Legal & Accounting
Less than 5 years of experience
Today
Be an Early Applicant
Job Overview by Ladders

Qualifications

  • CPA or CA preferred
  • Completion of CICA In-Depth Tax Course Parts I & II (III preferred)
  • Strong knowledge of Canadian taxation and foreign affiliate rules
  • Experience with surplus calculations and FAPI regime
  • Familiarity with IFRS tax provisions
  • Proficiency in tax technologies and MS Excel
  • Spanish proficiency is an asset

Responsibilities

  • Assist with quarterly tax reporting processes
  • Review foreign subsidiaries' tax provisions
  • Prepare computations for foreign tax credits and FAPI
  • Prepare foreign affiliate tax returns accurately
  • Assist in responding to audit queries
  • Support the International Tax team with documentation
  • Ensure timely collection and filing of relevant tax information

Benefits

  • Join a forward-thinking, collaborative team
  • Opportunities for professional development
  • Internal support for skill enhancement
  • Competitive compensation and benefits package
  • Commitment to community impact
  • Inclusive and creative work environment
Full Job Description
Requisition ID: 265011

Purpose

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.

Is this role right for you? In this role you will:
  • 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


Do you have the skills that will enable you to succeed in this role? We'd love to work with you if you have:
  • 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.


What's in it for you?
  • The opportunity to join a forward-thinking company surrounded by a collaborative team of innovative thinkers.
  • A rewarding career path with diverse opportunities for professional development.
  • Internal development to support your growth and enhance your skills.
  • A competitive compensation and benefits package.
  • An organization committed to making a difference in our communities - for you and our customers.
  • We have an inclusive and collaborative working environment that encourages creativity, curiosity, and celebrates success!


Location(s): Canada : Ontario : Toronto

About Scotiabank

Scotiabankers are committed to helping individuals, companies, and communities to thrive in a changing world. From personal and business banking, brokerage, and insurance, to private wealth, and the most sophisticated commercial, corporate and institutional services, they serve the diverse needs of some 21 million customers in more than 55 countries. Founded in 1832 in Halifax, Nova Scotia, their growth has always been fuelled by the success of their customers and their longevity secured by an unshakable commitment to carefully and expertly managing risk and capital. That focus on doing what's right for customers—short- andlong-term—has made us a global financial services leader. Headquartered in Canada, they are over 86, 000 Scotiabankers strong. Each of us are committed to being the best at understanding their customers' needs and all of us working together to deliver practical advice and relevant solutions that help their customers become financially better off.

Scotiabank Careers

Join Scotiabank, a premier financial institution, and become part of a diverse and inclusive team that’s leading the way in global banking. At Scotiabank, we offer more than just job opportunities; we provide a platform for professional growth and innovation in the financial services industry.

Work You’ll Do

At Scotiabank, we’re not just filling positions; we’re cultivating leaders. Dive into a workplace where diversity training and leadership development shape the path to your future. Our commitment to professional growth is evident in our robust training programs and continuous learning opportunities that foster innovation and strategic thinking.

Explore a World of Opportunities

Whether you’re looking for a full-time position, an internship, or a leadership role, Scotiabank has a spectrum of opportunities to fit your career ambitions. Our team is composed of individuals who bring a wealth of skills and perspectives to our company, driving us forward with their creativity and strategic insights.

Innovative Work Environment

Scotiabank’s culture is one of collaboration and respect, where each team member’s contribution is valued. Engage in meaningful work that challenges you to leverage your skills and push the boundaries of what’s possible in the banking sector. Our innovative projects not only support the growth of the company but also ensure our position as a leader in the industry.

Benefits and Growth

Choosing a career at Scotiabank means opting for a life of growth and opportunity. Our employees enjoy competitive benefits, including comprehensive health coverage, retirement plans, and flexible working conditions, all designed to support your career and personal life. We believe in nurturing our team’s potential by providing them with the tools they need to succeed both professionally and personally.

Join Our Team

Ready to take the next step in your career? Explore the job opportunities at Scotiabank by searching our open positions that match your skills and interests. We are continuously hiring and looking for passionate, curious, and solution-driven team players.

Networking and Professional Development

Stay connected and advance your career through Scotiabank’s extensive networking opportunities. Participate in events that connect you with other professionals and leaders within the industry. Our career resources will help you prepare your resume, ace your interviews, and land the job that best suits your career goals.

Stay Ahead

Keep up to date with the latest in career tips, industry insights, and company news—all from the people who work here at Scotiabank. Personalize your experience by subscribing to job alert emails tailored to your preferences and be the first to know about new openings and exciting developments. Join Scotiabank and be part of a team that values integrity, respect, and accountability. Discover how your career can flourish in an environment committed to your professional development and personal growth.
Learn more about Scotiabank
Size
90,619 employees
Market Cap
$57.5 billion
Industry
Finance & Insurance
5 Year Trend
+7%
NASDAQ
BNS
* Ladders Estimates

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