Tax Specialist (Accountant II)Requisition ID: 43135 OrganizationLocated on the traditional, ancestral and unceded lands of the x?m??k??y??m (Musqueam), S?wx?wú7mesh (Squamish), and s?lilw?ta? (Tsleil-Waututh) Peoples, Vancouver has a commitment to becoming a City of Reconciliation. Vancouver consistently ranks as one of the world?s most liveable and environmentally sustainable cities. Named among Canada's Top 100 Employers, BC's Top Employers, and Canada's Greenest Employers, the City of Vancouver seeks colleagues who can help shape and embody our core commitments to sustainability, reconciliation, equity and outstanding quality of life for all residents.Consider joining our committed team of staff and being part of an innovative, inclusive and rewarding workplace.Main Purpose and FunctionThis position manages the City?s tax administration and compliance, including analysis, reporting, training, and risk management.The Tax Specialist is a member of the Accounting Operations team and reports to the Associate Director - Accounting Operations. The position is tasked with a variety of moderate to complex statutory, technical, financial, and analytical tasks. The position plays a key role in performing research on City?s complex business transactions that may have various tax impacts, often liaising with tax authorities and professional accounting organizations to further clarify City?s tax position and is instrumental in accurate Tax application, reporting and compliance in the organization and performs audits to assure organizational compliance to various statutes and enactments. Key areas of focus are - GST / PST / NRT / Parking Tax / Payroll / Fee for Services / Donations / Sponsorships / Naming Rights / Advertising.This role is integral to ensuring the organization meets its tax obligations, through various business activities, while optimizing tax efficiencies in complex transactions involving, but not limited to, permitting, engineering, real estate and charitable activities. The ideal candidate will possess strong expertise in Canadian tax law, with specific knowledge of the Income Tax Act, Excise Tax Act, and Provincial Sales Tax Act (BC). The Tax Specialist will also be adept at navigating the unique tax considerations applicable to public sector organizations and charitable entities.Specific Duties and ResponsibilitiesTax Compliance and Advisory: Prepare and file accurate and timely tax returns, applications, and payments for federal and provincial taxes, including GST/HST, and PST, with specific attention to regulations impacting public sector and charitable organizations. Prepare and file accurate and timely tax returns for Regulation 105, and Parking Tax, with specific emphasis on transactions attracting such tax provisions. Conduct a detailed review of GST/HST, Parking tax and PST paid on sales and / or purchases to ensure accurate tax credits and rebates are claimed. Review City?s financial transactions and ensures GST / HST / PST / Parking Tax / Regulation 105 Tax is self-assessed in situations where appropriate. Prepare and file annual returns in lieu of fee for services (T4A, T4A-NR, etc.), and reconcile payroll and Tax accounts with Statutory authorities. Collaborate with Payroll Supervisor / Manager to review Payroll account assessments issued by tax authorities and take remediate actions. Ensure compliance with the Income Tax Act, Excise Tax Act, Provincial Sales Tax Act (BC), and other relevant legislation. Assess, research, analyze and advise on tax implications of complex real estate transactions, including acquisitions, disposals, and development projects. Provide tax guidance on charitable donations, grant funding, and other activities specific to the public sector. Comply with statutory requirements for reporting and taxation for other ancillary structures established at the City, viz. Trusts, Boards, Committees, etc. Perform research on complex tax issues as required and keeps up to date
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