Payroll Specialist II
Posted 5 hours ago
Job Description
Work Location:
Toronto, Ontario, Canada
Hours:
37.5
Line of Business:
Human Resources
Pay Details:
$81,600 - $115,200 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:
Department Overview:
HR Corporate Transformation & Operations is dedicated to delivering centralized operational support to a diverse group of 75,000 active and 20,000 retired colleagues. Our team is committed to providing flexible and scalable services in a fast-paced, dynamic environment, always with a focus on continuous process improvement and innovation to enhance the colleague experience. We are geographically diverse, with team members located in Toronto, Markham, Montreal, and London.
Position Summary:
Team responsibilities include:
Specific Accountabilities:
Qualifications:
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
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):
Sans Objet
Toronto, Ontario, Canada
Hours:
37.5
Line of Business:
Human Resources
Pay Details:
$81,600 - $115,200 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:
Department Overview:
HR Corporate Transformation & Operations is dedicated to delivering centralized operational support to a diverse group of 75,000 active and 20,000 retired colleagues. Our team is committed to providing flexible and scalable services in a fast-paced, dynamic environment, always with a focus on continuous process improvement and innovation to enhance the colleague experience. We are geographically diverse, with team members located in Toronto, Markham, Montreal, and London.
Position Summary:
- Lead Team in preforming payroll activities by coordinating daily term deliverables and ensuring deadlines are met accurately and on time.
- Liaison with Yearend Payroll Manager and Payroll Team to coordinate deliverables and communicate updates.
- Support new initiatives by collaborating closely with Team and business partners through the phases of implementation and completion on a timely basis.
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
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):
Sans Objet
About TD
Industry
Banking & FinanceCompany Size
10,000+ employees
Application closing date is 2026-07-12
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