Job Description
:The Senior Taxation Specialist is responsible for ensuring compliance with the US Qualified intermediary (QI) agreement and the Canadian Income Tax requirements for the Foreign Tax Compliance Act (FATCA) and Common Reporting Standards (CRS).
As a key member of the GRS Tax team, this role contributes to meeting the income tax compliance and reporting obligations of Sun Life’s Group Retirement Service (GRS) block of business. The Senior Tax Specialist will report to the Director, GRS Taxation.
What will you do?
Prepare all reporting for the QI including 1042 and 945 returns and 1042S, 1099DIV and 1099B slips.
Review all US withholding tax forms (W8/W9 forms) to determine validity of forms.
Ensure tax withholding to the IRS is appropriate.
Manage the Periodic QI Review including collecting the required documentation, providing it to the external reviewer and responding to any queries.
Prepare annual 1042 reconciliation.
Prepare reconciliation of tax reported as withheld on 1042/1099 tax slips vs tax paid by Sun Life and/or other withholding agent.
Prepare reporting to the CRA for FATCA and CRS.
Review all regulatory changes, impacting QI/FATCA/CRS, and ensure changes are implemented.
Review and update QI, FATCA and CRS manuals.
Provide guidance to operational teams.
What do you need to succeed?
At least 5 years of experience in QI/FATCA/CRS tax reporting
University Degree in Business, Economics discipline with a specialization in accounting
Proficiency in Excel
Ability to work independently and as a member of a team
Preferred:
CPA designation
Experience with GRS products is an asset
Excellent analytical and problem-solving skills
Strong attention to detail
Ability to organize and prioritize multiple tasks to meet tight deadlines
Notes/Unique Requirements:
Vacation not permitted from January-March each year
Overtime may be required from January-March each year
What's in it for you?
Time off giving you the flexibility to focus on the moments that matter including 20 vacation days per year
Flexible Benefits from the day you join to meet the needs of you and your family
Pension Plan participation starts immediately, and you are automatically enrolled. We help you save more with Sun Life automatic and matching contributions and by including both your salary and bonus when making
contributions.
The opportunity to move along a variety of career paths with amazing networking potential
Flexible hybrid work model
Work and professional development that is united by our Purpose: to help Clients and Employees achieve lifetime financial security and live healthier lives
A friendly, collaborative, and inclusive culture
We’re honoured to be recognized as a 2025 Best Workplace in Canada by Great Place to Work® Canada
Sun Life ranked one of the 2024 Global 100 Most Sustainable Corporations in the World on the CorporateKnights’ 2024
Senior Tax Specialist- US Qualified intermediary/FATCA/CRS • Waterloo, Ontario
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