6 Thompson tax and accounting engagements in full — what the client came to us with, what we did, and what it was worth. Each one is specific to Thompson and its provincial tax regime, not a general example.
Case Study 1 · Records and systems rebuilt
10 Months Reconciled And $14,000 Of Input Tax Recovered — Greenhouse Grower, Thompson
A greenhouse grower in Thompson, Manitoba was carrying sector-specific exposure the previous accountant had not seen before. Nothing reconciled, and every filing started with 10 months of cleanup.
What we did
We rebuilt from source rather than correcting on top of the existing file. We assessed and claimed Manitoba Manufacturing Investment Tax Credit alongside the federal return, then set the routine that keeps it clean.
The result
10 months reconciled to the bank. The close now takes 7 days, and $14,000 of previously unclaimable input tax was recovered in the process.
Case Study 2 · Sale and succession
$395,000 Sheltered By The Lifetime Capital Gains Exemption — Logistics Brokerage, Thompson
A logistics brokerage in Thompson, Manitoba had an offer on the table and 33 months to close. The shares did not qualify for the capital gains exemption, and retained cash well above what the business needed to operate was part of the reason.
What we did
We purified the corporation so the shares met the qualifying tests, then separated the federal GST and MB provincial sales tax streams, reconciled both to the sales ledger, and filed the corrected provincial returns well ahead of the closing date.
The result
The sale closed on schedule with $395,000 sheltered by the lifetime capital gains exemption across the shareholders.
Remittances at an owner-operator trucking corporation in Thompson, Manitoba were consistently late by a few days, which was enough to trigger penalties every quarter. Behind it sat provincial sales tax collected but never remitted on the separate MB return.
What we did
We recalculated the corporate tax at the 9% combined small business rate and rebased the instalments on the current year, then moved the remittance dates into a scheduled process rather than a monthly decision.
The result
Penalties stopped from the following remittance onwards, and $34,500 of overpaid instalments was refunded.
Case Study 4 · Backlog brought current
5 Years Filed, $108,000 Removed From The Assessed Balance — Furniture Manufacturer, Thompson
A furniture manufacturer in Thompson, Manitoba had not filed for 5 years. The CRA had issued arbitrary assessments, and the business was carrying input tax credits claimed against MB provincial tax, which is not recoverable the way GST is on top of a growing interest balance.
What we did
We started with the oldest year and worked forward so each year's closing balances fed the next. We registered the provincial payroll account, caught up the outstanding remittances, and applied for relief on the penalty, filing the years in sequence rather than all at once.
The result
Every year is now filed and assessed on actual figures. The notional assessments were vacated and $108,000 of the estimated balance came off, with a payment arrangement covering the rest.
Case Study 5 · Planning that cut the bill
$39,000 Saved By Correcting What Prior Filings Had Missed — Cattle Ranch, Thompson
A cattle ranch in Thompson, Manitoba asked for a second opinion on its mb tax and accounting file after three years of rising tax. The review found a provincial payroll levy that had never been registered for or remitted.
What we did
We built the comparison first — current structure against two alternatives — and then assessed and claimed Manitoba Small Business Venture Capital Tax Credit alongside the federal return.
The result
First-year saving of $39,000, with the same benefit recurring. Every position taken is documented and supported in the file.
Case Study 6 · Structure rebuilt
Corporate Structure Rebuilt For $24,500 Of Annual Savings — Oilfield Services Company, Thompson
Client: An oilfield services company · Where: Thompson, Manitoba · Engagement: 6 weeks, fixed fee
Saving per year$24,500
DocumentationComplete
Transfer basisRollover
The situation
The structure at an oilfield services company in Thompson, Manitoba had been set up years earlier for a business that no longer existed, and sector-specific exposure the previous accountant had not seen before had become expensive.
What we did
We assessed and claimed Manitoba Manufacturing Investment Tax Credit alongside the federal return. The reorganisation used the rollover provisions rather than a taxable transfer, so no tax fell due on the restructuring itself.
The result
$24,500 of annual saving, achieved on a tax-deferred basis. The minute book, elections and valuations are all in the file.
Reviewed for the 2025 tax year by Udit Gupta, Certified Tax Accountant. Figures describe representative engagements of this type; outcomes depend on your own facts. Client names and identifying details are omitted for confidentiality.
