Being part of Air Canada is to become part of an iconic Canadian symbol, recently ranked the best Airline in North America. Let your career take flight by joining our diverse and vibrant team at the leading edge of passenger aviation.The Manager, Tax Aircraft Transactions is responsible for managing global income and transactional tax risks in relation to (i) aircraft and aircraft component transactions, including purchases/sales, leases, maintenance, financings and re-financings and (ii) other ad-hoc international tax projects.
Air Canada is currently undergoing a major fleet renewal and expansion program to serve new spanets. The large number of resulting aircraft and aircraft component transactions in various jurisdictions this year and over the next few years is creating a demand for international transaction tax advice across several jurisdictions. This requires an experienced Manager, Tax Aircraft Transactions to quickly identify and assess the tax consequences with an aim to negotiating aircraft and aircraft component transactions that protect Air Canada from a global tax perspective. The responsibilities of the Manager will include contract review and recommending solutions to minimize Air Canada’s tax exposure related to aircraft and aircraft component transactions as well as other ad-hoc international transactions/projects. The Manager must possess a solid understanding of complex international aircraft structures in order to identify and address Canadian and foreign tax issues. A keen interest or knowledge in aircraft maintenance and operations practices would be a distinct advantage. Significant number of new aircraft deliveries over the next several years will require new financings or re-financings, the tax consequences of which will also be under the responsibility of the Manager. As this position requires the incumbent to work closely with several departments within Air Canada, including but not limited to, Legal, Finance, Treasury, Aircraft Program, Strategic Procurement Maintenance, etc., constant and clear communication with colleagues, executives and senior management is essential.
Responsibilities:Assess tax implications of all proposed aircraft and aircraft component related transactions and propose solutions to minimize tax implicationsReview term sheets and agreements relating to aircraft and aircraft components including purchase, sale, lease, sub-lease, lease extension, novation, maintenance, financings and re-financingsAssess Air Canada’s tax risks in foreign jurisdictions in connection with aircraft transactions and other ad-hoc international transactions/projects.Access tax implications of other ad-hoc international transactions/projects and propose solutions to minimize tax implicationsStay abreast of current developments in area of aircraft financing and structuring around the world and brief the Senior Director on salient developmentsCoordinate with the Air Canada Legal department and external advisers on foreign tax issuesAssist the Senior Director with the development and implementation of appropriate guidelines/procedures to ensure that Air Canada and its subsidiaries are in compliance with any tax covenants and foreign tax reporting requirements imposed on Air Canada under transaction agreementsLiaise with Finance, Procurement, Maintenance, Aircraft Programs, Legal and other departments, including Air Canada rouge, as required on international tax issues
QualificationsDegree in Law, Business, Accounting or FinanceCTA/AITI qualified (finalist may be considered with relevant experience)Minimum 5 years of experience in tax with significant experience in interpreting and analyzing tax legislationMust possess detail knowledge of different aircraft transactions, including but not limited to, purchase/lease/financing structures (e.g., Enhanced Equipment Trust Certificate, Conditional Sales Agreement, Special Purpose Entities, Sale/Leasebacks, Financing Leases, etc.)Knowledge and experience in international taxes including indirect taxesSignificant knowledge of, and experience interpreting, Tax Treaties and Bilateral Agreements (e.g., Avoidance of Double Taxation Agreements)Experience in assessing the experience of foreign counsel and advisors is an assetKnowledge of US income tax and state sales and use tax is an asset
Conditions of Employment:Candidates must be eligible to work in the country of interest, at the time any offer of employment is made and seeking any required work permits/visas or other authorizations which may be required is the sole responsibility of the candidates applying for this position.
Linguistic RequirementsBased on equal qualifications, preference will be given to bilingual candidates.
Diversity and InclusionAir Canada is strongly committed to Diversity and Inclusion and aims to create a healthy, accessible and rewarding work environment which highlights employees’ unique contributions to our company’s success.
As an equal opportunity employer, we welcome applications from all to help us build a diverse workforce which reflects the diversity of our customers, and communities, in which we live and serve.Air Canada thanks all candidates for their interest; however only those selected to continue in the process will be contacted
