Ozden & Cheung is a trusted CPA helping foreign corporations expand into the Canadian market. It provides clients with expert solutions in the areas of tax, payroll, and accounting, enabling them to achieve sustainable growth in a dynamic market. The company’s commitment to delivering tailored solutions enables it to meet and exceed client expectations every time.

“In Canada, every province has different requirements in terms of labor law and tax filings. We have the bandwidth to help overseas companies across all provinces,” says Kelly Wang, principal of Ozden & Cheung. “Not every company in this field has this capability, making Ozden & Cheung the preferred partner for foreign companies to set a strong foothold in the Canadian market.”

The company follows a clearly outlined procedural framework while working with customers. During the initial engagement with clients, it requests them to fill out a checklist form. This approach helps the team better understand individual requirements and ascertain whether they seek standalone payroll or tax services, or a combination of both. In case a client has established businesses in multiple provinces of Canada, Ozden & Cheung conducts thorough evaluations to assess their diverse exposures and offer tailored tax and payroll services.

The next step is to assist clients in registering all the necessary accounts—from CRA to provincial—level Canadian workers’ compensation boards (WCB)—as each province has distinct jurisdictional requirements for tax and payroll. For example, the company specializes in evaluating the necessity for provincial sales tax registration as well as providing necessary expert assistance to clients in assessing their sales tax registration requirements in light of recent developments concerning the digital economy.

To further evaluate potential compliance risks at the provincial level, Ozden & Cheung identifies a client’s tax residency and collaborates with the CRA. It then creates a comprehensive compliance calendar that serves as a visual roadmap to clearly outline all the necessary compliance requirements, filings, and deadlines on an annual basis.

Ozden & Cheung constantly reminds clients about each deadline throughout the year and provides guidance through every step of the process. This methodology ensures they don’t incur any penalty resulting from late filings.

In one case, Ozden & Cheung helped a global corporation with its tax filing and payroll services when they were looking to expand in the Canadian market. Although today the client handles some of the tasks in-house, it still relies on the company for their payroll services. Apart from basic compensation, they have intricate payroll components like bonuses, commissions, and various stock-related compensations. Ozden & Cheung helps the client seamlessly handle all these different aspects while ensuring significant cost reduction.

In Canada, every province has different requirements in terms of labor law and tax filings. We have the bandwidth to help overseas companies across all provinces. Not every company in this field has this capability, making Ozden & Cheung the preferred partner for foreign companies to set a strong foothold in the Canadian market

The biggest differentiator for Ozden & Cheung is that its services are not limited to the Canadian subsidiaries of large corporations. The company realizes that their parent companies also face tax and compliance exposure. It helps both of them reduce exposure and function smoothly.

This is just one example. It has served numerous well-known corporations in expanding to the Canadian market without worrying about the complex compliance requirements.

Ozden & Cheung’s ability to understand the financial landscape and customer requirements enables it to effortlessly breathe life into a client’s financial objectives by delivering timely, innovative, and effective solutions.