Senior Analyst, Tax

About the role

As Wealthsimple continues to grow, the complexity of our tax responsibilities increases, and this role is vital in overseeing our income and sales tax submissions. Reporting directly to the Director of Tax, you will work closely with fellow Tax Managers to ensure our tax processes are both precise and efficient. Your expertise in tax regulations and your careful approach to documentation will be crucial as you explore avenues for automation and modernization within our tax functions.

Key facts

What you'll do

• Oversee the month-end and quarter-end tax accounting processes, which include calculating provisions, reconciling accounts, and preparing necessary supporting documents.
• Generate and reconcile sales tax returns on a monthly, quarterly, and annual basis for all Wealthsimple legal entities, covering GST/HST/QST and other indirect taxes.
• Prepare monthly income tax returns along with the corresponding account reconciliations to ensure compliance.
• Maintain thorough, audit-ready documentation and working papers for all tax filings and reconciliations to facilitate transparency and accountability.
• Identify and address discrepancies, reconcile outstanding items, and bring any process inefficiencies to the attention of the Tax Team.
• Collaborate with Finance, Accounting, and other departments to ensure that tax compliance data is accurate and submitted in a timely manner.
• Engage in special projects that focus on process improvements, automation initiatives, technical research, tax modeling, and providing support during audits.
• Stay updated on tax legislation changes and assess their impact on Wealthsimple's operations and compliance requirements.
• Assist in training and mentoring junior team members to enhance their understanding of tax processes and compliance.
• Prepare reports and presentations for senior management regarding tax compliance and strategic tax planning initiatives.
• Work closely with external tax advisors and auditors to ensure compliance and address any inquiries or issues that may arise.

Requirements

• A minimum of 3 to 5 years of experience in Canadian income tax and/or sales tax compliance, ideally within the financial services, fintech, or public accounting sectors.
• Proficient in the preparation of Canadian corporate income tax returns (T2) with a solid grasp of tax accounting principles under IFRS.
• Advanced skills in Excel for managing large datasets and performing complex reconciliations effectively.
• Familiarity with utilizing technology and AI tools to enhance accuracy, documentation, and efficiency in compliance-related tasks.
• Exceptional attention to detail and strong organizational skills, capable of juggling multiple deadlines across various tax cycles.
• Excellent written and verbal communication skills, with the ability to convey complex tax concepts to individuals without a tax background.

Nice to have

• CPA designation (or currently pursuing) or an equivalent professional qualification.
• Experience working in a fast-paced, rapidly growing fintech or financial services environment.
• Knowledge of sales tax, SR&ED, transfer pricing, or cross-border tax issues would be advantageous.
• Familiarity with tax technology platforms or tools designed for process automation.

Skills & tools

• Canadian Income Tax Compliance
• Canadian Sales Tax Compliance
• Tax Accounting (IFRS Provisions)
• Advanced Excel
• AI and Automation Tools

Practical notes

• This position is fully remote and available to candidates located in Canada.
• Employees enjoy comprehensive health benefits and life insurance coverage.
• Wealthsimple offers a long-term group savings plan with employer matching through Wealthsimple for Business.
• Generous paid time off includes 20 vacation days, 4 wellness days, and unlimited sick and mental health days.
• The "90 days away" program allows employees to work remotely from outside Canada for up to 90 days each year.
• Various employee resource groups are available to foster inclusivity and community.
• AI tools may be utilized during the hiring process, but all final hiring decisions will be made by human personnel. For any inquiries about data usage, please feel free to reach out.