January wrap-up

In this co-op work term, I work for corporate reporting in Controller department. This is where I really open my eyes to the real job environment where I learn something new that had not found in textbooks. Since the first day started working in the Controller department, Mel has been trying to set me up to the new launch software called XME (Exxon Mobile Managed Environment) besides SAP which has been used concurrently. Due to security and permission reasons, I have been waiting for the access to other programs. So far, the training included on how to use these custom made software for daily tasks. At the mean time, I have been practising on the tax procedures and doing mocks on preparation taxes by using Excels. The coming week is month end, so I will be working with Mel on preparation of GST rebates and remittance of non-resident withholding tax.

I had attended a meeting about Non-resident withholding tax which was conducted by Mel. As its name implies, " ... anyone making certain payments to non-residents of Canada withhold part of the payment and remit to CRA. The  withholding is an estimate of Canadian tax on profits generated by non-residents in Canada." . Besides that, I learnt about the procedures of non-resident tax, what we withhold on, how can we calculate on withholding tax, what happen if we don't withhold, etc. 


Besides work hours, I do enjoy my lunch breaks with other people. I have met with other senior executives for lunch because I would like to learn the career paths in this industry, to share their experiences and to learn from them. On regular basis, I have lunch with other IT students and we plan for the weekend activities.

Last but not least, there was a year-end party for Controller department on last weekend. I had met lots of new faces from our department in this event. I attended the event with another two co-workers; they were enjoying the great time together unlike they worked with tensed faces. Guess what? I got a wine chiller from door prize even though I was going to say I wasn't the lucky one.