Manager, Taxation

49958 - Toronto - Temporary 18 months

Hydro One is proud to be the largest electricity transmission and distribution provider in Ontario, serving nearly 1.5 million customers. We have a long history in the industry with our roots dating back over 110 years to 1906. Since then, we have worked to grow and evolve to meet the changing needs of our customers and communities across Ontario. Today, we’re focused on providing exceptional customer service and ensuring we are building safe communities where we live, work and play.

It’s an exciting time to join the team at Hydro One!

Tax Planning

• Recommend income tax strategies that result in minimization of taxes and
  support the implementation and maintenance of designed processes relating to
  income tax strategies (and documentation of the same)
• Be aware of and understand corporate activities that may affect income tax
  accounting, planning or compliance (e.g. by building and maintaining internal
  relationships to keep abreast of activities that will affect income tax planning, reporting and compliance).
• Advise on tax implications of compensation strategies and employee benefit
• Participate in lobbying for changes to tax legislation and administrative practices.
• Provide income, payroll and miscellaneous tax advice to senior management and
  other business units.
• Participate in /take a leadership role in special projects, including M&A,
  restructurings and reorganizations
• Review legal agreements from a tax perspective.

Tax Compliance and Tax Reporting:

• Ensure compliance with all income tax laws, regulations and filings
  o Interpret and monitor income tax, transfer tax, taxable benefits/ payroll tax
  legislation and relevant case law.
• Participate in preparation & review of tax returns.
• Participate in preparation & review of monthly, quarterly & year-end tax reporting, including MD&A and notes to the F/S.
• Ensure the financial statement tax balances, tax forecasts, and regulatory tax
  filings are accurate and adequately supported for audit purposes
• Prepare tax ruling and technical interpretation requests.
• Oversee compliance with withholding tax obligations on payments to nonresidents
• Review, update and improve compliance promoting processes.
• Develop and update of corporate tax policies and review /create processes that
  promote the monitoring of their application.

Required qualifications:

• University degree with CPA designation.
• Minimum of 10 years of tax experience in a large corporate environment or
  equivalent public practice experience (public accounting or legal firm).
• Strong tax accounting knowledge and experience - US GAAP, IFRS, C-GAAP.
• Extensive knowledge of, and experience with, ASC-740 (aka FIN48)
• Advanced excel skills including use of v-lookup and pivot tables
• Effective communication skills required to interact effectively with internal and
  external contacts on income tax and accounting matters.
• Extensive knowledge of and experience in analyzing Canadian federal and provincial
  income tax legislation; judicial decisions; administrative practices and industry
  practice.
• Extensive experience with tax compliance and tax planning
• Ability to work independently
• Demonstrated leadership skills
• Demonstrated collaborative skills.

Preferred qualifications:

• Experience with restructuring /reorganization transactions
• Experience with payroll tax /taxable benefits legislation and related guidance
• Experience with pension plans and infrastructure investments
• Experience with M&A transactions and tax due diligences
• Experience with SR&ED claims and knowledge of SR&ED legislation
• Experience with regulated industry
• Experience with outbound tax issues
• Experience with managing audits by external auditors and tax authorities
• Experience in a public company environment
• Knowledge of, and experience with, using SAP
• Knowledge of, and experience with partnerships and trusts
• Experience with Executive Compensation matters
• Support special projects
• Assist with income tax audits and development of related strategies.
• Develop and maintain relationships within the external tax community as well as
  industry associations.
• Support Regulatory filings, Business Plans and other modeling with respect to tax
  content.

At Hydro One we understand that the success and strength of our business rests with our people. When we develop their skills, we are investing in both their success and ours. To secure the best talent, we seek to create a workforce that reflects the diverse populations of the communities where we live and work and to create a culture based on safety, innovation and inclusiveness.

We are honoured to be recognized by Forbes in its list of Canada’s Best Employers for 2024.

Thank you for considering a career with Hydro One, we welcome applications from all qualified candidates. If you are having difficulty using our online application system and you need an accommodation due to a disability, please email careers@hydroone.com. Hydro One will provide reasonable accommodation for qualified individuals with disabilities in the job application process.

Please note this email is only for accommodation requests. Resumes sent to this email address will not be considered.

Deadline: Monday, November 18th, 2024.

In the event you are experiencing difficulties applying to this job please consult our help page here.

We thank all applicants for their interest in a career at Hydro One; however, only those candidates who are selected for an interview will be contacted.