Canada North America

Taxation and Financial Planning Manager – Toronto, ON

HomeEquity Bank is the leading national provider of reverse mortgages to homeowners aged 55 and over, Canada’s fastest growing demographic segment. HomeEquity Bank originates and administers Canada’s largest portfolio of reverse mortgages under the CHIP Home Income Plan™ brand. New mortgages are originated on a direct to consumer basis as well as through referral arrangements with the six largest banks, leading mortgage brokers and financial planning firms. HomeEquity Bank has been the main underwriter of reverse mortgages in Canada since its predecessor; Canadian Home Income Plan Corporation pioneered the concept in 1986. HomeEquity Bank has a highly effective direct-to-consumer distribution model (B2C), as well as an established referral network (B2B), including Canada’s major banks, credit unions, financial planners and mortgage brokers.HomeEquity Bank is exceptionally well positioned for further growth for a number of very important reasons: 1) positive demographic trends in the 55 years old and over segment, 2) wider awareness and growing demand of reverse mortgages in the market, 3) significant barriers to entry for competitors, and 4) HomeEquity Bank’s firm position as market leader.

Position Summary:
The role is a critical resource to HomeEquity Bank in the design and continued development of the processes and best practices for the planning and tax compliance of the Corporate group and providing financial analysis support to decision making throughout the enterprise through the Bank’s budgeting, planning and forecasting processes. It will work closely with the Director, VP and CFO in expanding the Bank’s taxation framework including corporate and commodity tax compliance, tax provisioning, tax planning and tax structuring for the corporate group.

Major Elements of the Role

Corporate Income Taxes:

  • Preparation of monthly tax provision (current and future taxes), quarterly and annual financial statement tax disclosures, quarterly tax rate reconciliation
  • Manage the filing of the corporate tax returns for the legal entities in the Corporate group liaising with external tax advisors
  • Participate in the tax reporting and planning activities of the Corporate group
  • Assist in completion of tax audits from respective tax authorities including preparing/ providing supporting tax information for purpose of audit
  • Track and report on the status of tax compliance including assessment orders, audits reassessments, and other relevant matters
  • Maintain the registrations of the Corporate group within CRA’s online portal
  • Conduct tax research, oversee various tax projects and assist in the development of tax planning and structuring strategies
  • Monitor and report on changes to Canadian and provincial income tax legislation, which have an impact on the Bank

Commodity/HST Taxes:

  • Prepare and file Canadian commodity tax/HST returns for all legal entities along with supporting schedules
  • Liaise with the external tax advisors to ensure regulatory requirements are met within the prescribed timelines
  • Assist in completion of tax audits from respective tax authorities including preparing/ providing supporting tax information for purpose of audit

Payroll Related Taxation:

  • Provide assistance with the payroll tax filings for all applicable provinces
  • Assess and report the tax obligations regarding the Corporate option plan, shareholder loans and other compensation structures

Annual Budget and Monthly Forecast:

  • Participate in the preparation of the annual budget
  • Participate in updating and maintenance of the monthly forecast working
  • Assist with the variance analysis of operating expenses
  • Prepare the analysis of the operational metrics
  • Assisting the preparation of the management and investor reporting

Analytics and Forecasting System:

  • Participate in the development and expansion of the Bank’s CPM system (Tagetik Solutions)
  • Assist with the maintenance of the budget and forecasting software
  • Assist the development of analysis and reports requested by VP, CFO and other executives to support decision making
  • Create a financial analytics dashboard utilized by the executive team

Skills and Experience Required:

  • A University Degree with Major in business/ accounting/ tax
  • A Professional Designation is preferred (CPA, CA)
  • 5 – 7 years of work experience (Financial Services preferred)
  • Canadian corporate and commodity tax compliance experience
  • Excel modeling development and analytical skills
  • Knowledge of MS Office suite of products
  • Excellent verbal and communication skills
  • Excellent business and problem-solving skills


Individuals must comply with the Bank’s AML, Fraud and Privacy Policies and procedures and be vigilant in the detection and prevention of money laundering, terrorist financing, fraud and the safeguard of all client information.HomeEquity Bank complies with the Employment Equity Act. Our Employment Equity program is intended to help ensure that all Canadians have the same access to the labour market and to ensure the full representation of members of the four designated groups which include: women, visible minorities, Aboriginal People and Persons with Disabilities.If you would like more information on the HomeEquity Bank please visit: If you’d like to find out more about the CHIP Home Income Plan solution, please visit

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