Sheng-Wen (Jack) Pai, CPA · Serving clients across British Columbia 778-814-7040paiaccountingandtaxinc@yahoo.com

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Our services

Tax, accounting and payroll services for individuals, professionals and businesses in British Columbia.

Financial report being reviewed

Financial Analysis

We turn your numbers into decisions. Whether you are applying for financing, planning an expansion or trying to understand why cash is tight, we prepare clear reports and walk you through what they mean.

  • Financial statement preparation and review
  • Cash flow analysis and forecasting
  • Budgets and break-even analysis
  • Profitability by product, service or location
  • Reports for banks and lenders
  • Key performance indicators you can track
Ask about financial analysis

Tax Planning

Good tax planning happens before the year ends, not at filing time. We review your income, family situation and business structure and recommend practical steps to reduce tax within the rules.

  • Personal and family tax planning
  • Salary versus dividend planning for owners
  • Incorporation advice
  • RRSP, TFSA and FHSA strategies
  • Income splitting where permitted
  • Retirement and estate tax planning
Ask about tax planning

Real Estate Tax

Real estate carries some of the most complex tax rules in Canada. We help owners, investors and landlords report income properly, claim the right expenses and plan for the tax on a sale.

  • Rental income and expense reporting
  • Capital gains on property sales
  • Principal residence exemption claims
  • Presale assignments and property flips
  • GST/HST on new and substantially renovated homes
  • Capital cost allowance planning
Ask about real estate tax

International Tax

If you have income, assets or family across borders, we make sure you meet Canadian filing obligations and avoid paying tax twice.

  • Newcomer and first-year Canadian returns
  • Foreign income and foreign tax credits
  • Foreign property reporting (T1135)
  • Non-resident rental income (Section 216)
  • Residency status and departure from Canada
  • Cross-border business income
Ask about international tax

Corporate Tax Returns

We handle your corporation’s year-end from start to finish: the books, the financial statements, and the T2 return, filed accurately and on time.

  • T2 corporate income tax returns
  • Year-end financial statements (compilation)
  • Holding company returns
  • Shareholder loan and dividend reporting
  • GST/HST and BC PST returns
  • CRA correspondence and reviews
Ask about corporate tax returns

Payroll

We take payroll off your plate, from each pay run to year-end slips, so your staff are paid on time and your remittances are always current.

  • Regular payroll processing
  • CPP, EI and income tax deductions
  • CRA source deduction remittances
  • T4, T4A and T5 slips and summaries
  • Records of Employment (ROE)
  • WorkSafeBC reporting support
Ask about payroll
Industries we serve

We know the numbers in your line of work

Every industry has its own tax rules and pressure points. We work with these clients every day.

Real Estate

Realtors, landlords and property investors: commissions, rentals, sales and presales.

IT Consultants

Incorporated contractors and tech professionals: structure, expenses and personal services business rules.

Small Business

Owner-run companies that want bookkeeping, payroll and tax handled by one firm.

Professionals

Doctors, dentists, lawyers, engineers and other professional corporations.

Mortgage Brokers

Commission income, brokerage structures, expenses and year-end planning.

Restaurants

Payroll with tips, inventory, PST on liquor, GST and tight cash flow.

Questions

Frequently asked questions

How much do your services cost?

Fees depend on the work involved. After a short call we give you a written quote before any work begins, so there are no surprises.

Should I incorporate my business?

It depends on your income, how much you take out of the business and your plans. We’ll compare both options with your actual numbers.

Can you file returns for past years?

Yes. We prepare late and missed personal and corporate returns and help you deal with any balance owing or penalties.

Do I need to meet in person?

No. Most clients share documents by email and talk by phone. In-person meetings are available by appointment.

Can you help if I’ve received a letter from the CRA?

Yes. Send us the letter and we’ll explain what it means, prepare the response and deal with the CRA for you.

Not sure which service you need?

Tell us about your situation and we’ll recommend the right next step.