What Sheng Qian CPA Can Do for Foreign Companies: Services from Set-Up to Day-to-Day Operations

Services and prices across six stages: before set-up, set-up, getting established (business address, mail handling), day-to-day, annual and cross-border, how to get started

Scott Tang, CPAUpdated 2026-11-032026 rules5 min read

For a foreign company coming to Canada, the real trouble is often not incorporation day but all the small things in the years that follow: how to keep the books, when to file taxes, how to send money home in compliance with the rules, and how to document dealings with the parent company. Sheng Qian CPA takes all of this on from start to finish, so the parent company only needs to deal with one team.

Richmond Hill

Our GTA office, Unit 805, 15 Wertheim Crt.

Chinese · English

Direct communication with the parent company's finance team

Same-day filing

Express incorporation: documents complete and verification done before the cut-off time

EasyU

Bookkeeping on our own accounting and tax platform, reviewed by a CPA

What we do, from set-up to day-to-day

1
Before set-up
Structure, where to incorporate, treaty rates
2
Set-up
Incorporation, documents, tax numbers, bank account documents
3
Getting established
Business address, mail handling, meeting room
4
Day-to-day
Bookkeeping, HST, Payroll
5
Annual
T2, financial statements, NR4, T106
6
Cross-border
Home-country tax coordination, repatriation planning

Stage	What we can do	Fee
Before set-up	Structure advice: branch or subsidiary, which province to incorporate in, share and director arrangements, treaty rate analysis	Quoted case by case
Set-up	Incorporation (EasyU Incorporation, done online at incorp.easyu.ca; Express: if documents are complete and verification is done before the agreed cut-off time, we file the same day, and when the certificate is issued depends on the registry), organizational resolutions and registers, opening the BN and CRA program accounts, help preparing bank account opening documents	Basic incorporation $650; Premium $1,500 (also includes a business address and mail handling for the first year, a digital Minute Book and a 1-hour consultation)
Getting established	Virtual office: business address registration, mail and parcel handling, meeting room rental	First year included in the Premium package; quoted case by case if purchased separately
Day-to-day	Bookkeeping (EasyU platform + CPA review), Payroll, GST/HST filing	Bookkeeping from $180 a month (up to 40 transactions a month); Payroll from $20 per employee per month (includes pay stubs, source deduction remittances and ROEs)
Annual	T2 corporate income tax return, financial statements, non-resident withholding and NR4, transfer pricing documentation and T106	T2 from $1,300; financial statement compilation (CSRS 4200) from $1,800; year-end T4/T4A $50 per person; other work quoted case by case
Cross-border	Working with the finance team of the parent company in China or Hong Kong, Canadian tax planning for repatriating profits; home-country tax, foreign exchange and legal advice is provided by qualified local advisers there, and we work with them	Quoted case by case

About the fees: The amounts above are in CAD and before HST. A "from" price is the starting point for common situations. Transaction volume, foreign currency, cross-border filings, related-party transactions, shadow payroll, technical reports, rush timelines and similar factors add to the work. The actual fee is as set out in the written quote before work begins; if the work goes beyond what was agreed, we explain first and continue only once you confirm. T106, transfer pricing reports, SR&ED technical reports and legal documents are not included in the T2 starting price.

Why use one team for everything

You don't have to pass on the same information three times. The share structure, directors and fiscal year set at incorporation directly affect later bookkeeping, tax filing and withholding. With one team from start to finish, you don't have to explain everything again each time you change service providers.

Someone keeps track of the deadlines. HST, Payroll, T2, NR4 and T106 all run on different timelines. We lay them out for the year and send reminders in advance, so there is someone following up even when the parent company is overseas and unfamiliar with the Canadian calendar. Providing information on time and confirming filings remain the legal responsibility of the company and its directors.

We can talk to both sides. Our team has a CPA background and can communicate in Chinese with the parent company's finance staff and owners, and in English with the CRA, banks and lawyers.

Visit our office

Unit 805, 15 Wertheim Crt., Richmond Hill, ON L4B 3H7

Beaver Creek business park, Richmond Hill · Near Highway 7 and Leslie Street
A few minutes to Highways 404 and 407 · Viva rapid transit nearby · Underground and surface parking

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How to get started

1
Book a consultation
Tell us about your business and timeline
2
Written quote
We list the work and set the scope and fee
3
Sign the agreement
Confirm the services and the document checklist
4
Work under way
We complete the checklist item by item and report regularly

Matters that need legal advice (complex shareholder agreements, debt-to-equity conversions and reorganizations, employment contracts, industry licences, real estate transactions) are handled by a lawyer, and we work with them by providing tax advice. Home-country tax and foreign exchange questions are handled by qualified local advisers there.

Sources

Sheng Qian CPA fees: sqcpa.ca/fees (October 31, 2026 version)
Sheng Qian CPA virtual office: sqcpa.ca "Virtual Office Services"

Disclaimer

This article describes the scope of Sheng Qian CPA's services. The specific services and fees are as set out in our written quote.

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