Tax Administrator - T3's

Recruiting In Motion; Toronto; Hybrid; CAD 70,000 - 90,000; Full time

Job summary

A recruitment agency in Toronto is seeking an experienced Tax Specialist for a six-month temporary contract. The role involves preparing and reviewing Canadian T3 Trust Income Tax Returns, ensuring compliance with the Income Tax Act, and analyzing financial statements. The ideal candidate should have 3-5 years of relevant experience and possess an accounting designation. This position offers a hybrid working model, combining in-office and remote work.

Qualifications

• 3-5 years of experience in investment fund accounting, specifically with tax returns.
• Strong comprehension of Canadian tax regulations and standards.

Responsibilities

• Preparation, review, and analysis of Canadian T3 Trust Income Tax Returns.
• Ensure accurate and timely filing of T3 Returns in compliance with regulations.
• Review financial statements for accuracy and compliance.
• Calculate and analyze income and capital gains distributions.
• Validate data and ensure adherence to regulatory requirements.
• Maintain thorough records of all filings and supporting documents.

Skills

Attention to detail

Critical thinking

Time management

Proficiency with accounting software

Proficiency with tax software

Education

Accounting designation (CPA, CMA, CGA)

Canadian Securities Course (CSC) or IFIC designation

Job description

About Our Client

Our Toronto client is looking for a Tax Specialist who has extensive experience filing T3 Fund Returns. This is a six month temporary contract, hybrid in office and work from home.

Responsibilities

• preparation, review, and analysis of Canadian T3 Trust Income Tax and Information Returns for investment funds (such as mutual fund trusts and pooled funds).
• Prepare and Review T3 Returns : Ensure the accurate and timely filing of T3 Returns and related slips (T3 slips and T3 Summary) in compliance with the Income Tax Act of Canada.
• Financial Statement Review : Review financial statements to ensure accuracy and compliance with regulatory requirements, often IFRS (International Financial Reporting Standards).
• Distribution and Tax Factor Calculation : Calculate and analyze income and capital gains distributions for various fund types, as well as tax factor calculations for accurate T3 unitholder filings.
• Compliance and Analysis : Validate data and ensure adherence to both company and regulatory requirements, including analyzing the tax impact of complex corporate actions affecting the funds.
• Documentation and Record Keeping : Maintain thorough records of all filings and supporting documents for future reference or potential audits.

Requirements

• Experience : requires a minimum 3-5 years of experience in investment fund accounting, with specific experience in preparing / reviewing investment fund tax returns and financial statements.
• Knowledge : Strong comprehension of the Canadian
• Education / Designations : Ideally you will hold a n accounting designation (CPA, CMA, CGA). A Canadian Securities Course (CSC) or IFIC designation can also be beneficial.
• Skills : Strong attention to detail, critical thinking, time management, and proficiency with accounting and tax software are necessary.