Payroll Tax Specialist (Current & Future Opportunities)
Role description
From the employerWork Location
- Toronto, Ontario, Canada
Hours
- 37.5
Line of Business
- Human Resources
Pay Details
- $69,700 - $98,400 CAD
- TD is committed to providing fair and equitable compensation opportunities to
- all colleagues. Growth opportunities and skill development are defining features
- of the colleague experience at TD. Our compensation policies and practices have
- been designed to allow colleagues to progress through the salary range over time
- as they progress in their role. The base pay actually offered may vary based
- upon the candidate's skills and experience, job-related knowledge, geographic
- location, and other specific business and organizational needs.
- As a candidate, you are encouraged to ask compensation related questions and
- have an open dialogue with your recruiter who can provide you more specific
- details for this role.
Job Description
- Why TD
- At TD, we believe our colleagues are our greatest asset. As one of North
- America's leading financial institutions, we offer the stability, scale, and
- resources of a large organization while fostering a culture built on
- collaboration, inclusion, and continuous learning.
- As a Payroll Tax Specialist, you will play an important role in supporting the
- accurate and compliant administration of payroll tax and statutory requirements
- across Canada. You'll have the opportunity to work in a dynamic environment that
- combines technical expertise, regulatory compliance, and process improvement
- while partnering with teams across Payroll, Human Resources, Finance,
- Technology, and external agencies.
- Our team is committed to delivering an exceptional colleague experience through
- operational excellence, innovation, and a continuous improvement mindset. You'll
- be encouraged to share ideas, challenge the status quo, and contribute to
- solutions that strengthen payroll processes and compliance while supporting
- colleagues across the organization.
- In addition to competitive compensation and comprehensive benefits, TD offers
- learning opportunities, career development programs, mentorship, and the support
- needed to help you achieve your personal and professional goals.
- Career Growth at TD
- A career in Canadian Payroll Tax at TD offers the opportunity to build deep
- expertise in one of the most specialized areas of payroll while creating
- pathways to broader opportunities across Payroll Operations, Human Resources,
- Compliance, Risk Management, Finance, and Enterprise Operations.
You'll have the opportunity to
- Deepen your expertise in Canadian payroll legislation, federal and provincial
tax requirements, pension administration, and statutory programs
- Develop specialized knowledge in areas such as CRA compliance, Revenu Québec
requirements, year-end reporting, and regulatory governance
- Lead and support process improvement, automation, and transformation
initiatives
- Partner with stakeholders across HR, Payroll Operations, Finance, Technology,
and Compliance
- Build experience within a large, complex organization supporting colleagues
across multiple provinces and business lines
- Pursue advancement opportunities within Payroll Tax, Payroll Operations, HR
Shared Services, Compliance, Risk, and leadership roles
Whether your goal is to become a recognized subject matter expert, drive
transformational change, or advance into leadership, TD is committed to helping
you build a rewarding career through ongoing learning, development, and growth
opportunities.
Join TD and bring your expertise to a team where your contributions matter, your
growth is encouraged, and your career potential is supported every step of the
way.
Team responsibilities include
- Balancing of all year-end tax slips and completion of year-end government
filings in compliance with CRA, Revenu Quebec and IRS regulations
- Distribution of T4, RL1, T4A, RL2, NR4, RCA, 1042-S, 1099-R government tax
slips and the T2200 and TP64-3 forms
- Reconciliation and maintenance of regulatory compliance across Canadian and
US jurisdictions
- Support of all expatriates and globally mobile employee payroll activities
- Participation in both internal and external audits
- Customized payroll and year-end tax slip support for the CEO and Senior
Executive Team
- Managing end to end Board of Directors’ payrolls
- Identifying, reviewing, and preparing POIs for the Group 1-8 retirees
- Reviewing and correcting taxes from the Retiree Demographic report and the US
Tax Data Query
- Respond to employee enquiries through Helpdesk cases
Specific Accountabilities
- Ensuring the integrity of the Workday data through balancing tax slip boxes
after each pay cycle, including weekly, biweekly, semimonthly, monthly and
quarterly
- Preparation of manual tax slips, including 102 Regulation requirements for
cross-boarder commuters from the US
- Preparation of amended tax slips, including the submission to government
agencies
- Support with all payroll accounting year-end payroll data to ensure they are
recorded and processed accurately
- Assist in the creation and implementation of new pay components, including
testing and validation in test and production environments.
- Administration Board of Director's quarterly fees, RSU payments
- Action variance and exemption reports to correct all data integrity errors to
ensure the accuracy of the year-end tax slips
- Process of POI (retirees) Group 1-8 balancing and uploads
- Preform processes and functions for expatriate payroll
- Support the processing of shadow payrolls
- Provide accurate and timely resolutions to inquiries from our internal and
external business partners
- Review and validate the accuracy of our annual PIER reports from CRA and RQ
- Process, specific payments both manual off cycles and using WD EIB templates
- Process cheque reversals and other yearend adjustments resulting from data
integrity
- Collaborate with internal stakeholders to resolve payroll discrepancies and
improve operational efficiencies
- Cross train and job shadow with YE Team to increase knowledge and support
during critical periods throughout the year
- Provide payroll data information to various business partners
- Participate in ad hoc requests and or projects
Qualifications
- Payroll Compliance Practitioner Designation, (or working on completion) PCP
- Strong knowledge of Canadian Federal/Provincial and U.S. regulatory and
legislative requirements related to payroll (Canada Revenue Agency/ Revenu
Quebec/IRS)
- A sound knowledge of Workday, as well as the principals of Resolution
Management, and the principals of the Data Integrity Reconciliation
- Strong excel skills
- Strong communication skills
- Strong analytical skills
Who We Are
- TD is one of the world's leading global financial institutions and is the fifth
- largest bank in North America by branches/stores. Every day, we strive to make
- every interaction, product, and experience remarkably human and refreshingly
- simple for over 27 million households and businesses in Canada, the United
- States and around the world. More than 95,000 TD colleagues bring their skills,
- talent, and creativity to foster deeper relationships, ensure disciplined
- execution, and build a simpler, faster banking experience. TD is deeply
- committed to being a leader in client experience, that is why we believe that
- all colleagues, no matter where they work, are client facing. Together, we are
- reimagining what banking can be for our clients, colleagues and communities.
- Our Total Rewards Package
- Our Total Rewards package reflects the investments we make in our colleagues to
- help them and their families achieve their financial, physical, and mental
- well-being goals. Total Rewards at TD includes a base salary, variable
- compensation, and several other key plans such as health and well-being
- benefits, savings and retirement programs, paid time off, banking benefits and
- discounts, career development, and reward and recognition programs. Learn more
- [http://www.td.com/ca/en/about-td/who-we-are/benefits-of-working-at-td]
Additional Information
- We’re delighted that you’re considering building a career with TD. Through
- regular development conversations, training programs, and a competitive benefits
- plan, we’re committed to providing the support our colleagues need to thrive
- both at work and at home.
- Please be advised that this job opportunity is subject to provincial regulation
- for employment purposes. It is imperative to acknowledge that each province or
- territory within the jurisdiction of Canada may have its own set of regulations,
- requirements.
- Colleague Development
- If you’re interested in a specific career path or are looking to build certain
- skills, we want to help you succeed. You’ll have regular career, development,
- and performance conversations with your manager, as well as access to an online
- learning platform and a variety of mentoring programs to help you unlock future
- opportunities.
- If you’re passionate about helping clients and building deep, lasting
- relationships, TD offers diverse career paths where you can grow your expertise
- and make a meaningful impact.
- We're committed to your success and foster a respectful workplace where diverse
- perspectives are valued, everyone has fair opportunities to grow, and you can
- unlock your full potential to achieve your career goals. Here at TD, we hire and
- develop the best.
- Training & Onboarding
- We will provide training and onboarding sessions to ensure that you’ve got
- everything you need to succeed in your new role.
- Interview Process
- We’ll reach out to candidates of interest to schedule an interview. We do our
- best to communicate outcomes to all applicants by email or phone call.
- Accommodation
- Your accessibility is important to us. Please let us know if you’d like
- accommodations (including accessible meeting rooms, captioning for virtual
- interviews, etc.) to help us remove barriers so that you can participate
- throughout the interview process.
- We look forward to hearing from you!
Language Requirement (Quebec only)
- *Remarque: Étant donné que cet affichage concerne de futurs postes vacants et
- qu’il servira à pourvoir de nombreux postes aux exigences comparables à
- l’avenir, nous invitons les candidats bilingues et francophones à poser leur
- candidature. Lorsqu’un poste sera à pourvoir, une évaluation des besoins en
- matière de langue sera effectuée pour déterminer si la connaissance d’une autre
- langue que le français est exigée.