6 Norfolk County 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 Norfolk County and its provincial tax regime, not a general example.
Case Study 1 · Sale and succession
$880,000 Sheltered By The Lifetime Capital Gains Exemption — Financial Planning Practice, Norfolk County
Client: A financial planning practice · Where: Norfolk County, Ontario · Engagement: 5 weeks, fixed fee
Gain sheltered$880,000
ClosingOn schedule
Share qualificationMet
The situation
A financial planning practice in Norfolk County, Ontario had an offer on the table and 16 months to close. The shares did not qualify for the capital gains exemption, and a shareholder loan balance that would have been picked up as income on closing was part of the reason.
What we did
We purified the corporation so the shares met the qualifying tests, then recalculated the corporate tax at the 12.2% combined small business rate and rebased the instalments on the current year well ahead of the closing date.
The result
The sale closed on schedule with $880,000 sheltered by the lifetime capital gains exemption across the shareholders.
Case Study 2 · Backlog brought current
Collections Halted And $61,000 Cut From A 4-Year Backlog — Plastics Moulder, Norfolk County
Client: A plastics moulder · Where: Norfolk County, Ontario · Engagement: 10 weeks, fixed fee
Balance reduced by$61,000
Backlog cleared4 years
CollectionsHalted
The situation
By the time a plastics moulder in Norfolk County, Ontario called, 4 years were outstanding and the CRA had assessed on estimates. Underneath it sat out-of-province sales billed at the ON rate instead of the customer’s.
What we did
We reconstructed the records year by year and registered the provincial payroll account, caught up the outstanding remittances, and applied for relief on the penalty. Each filing replaced an arbitrary assessment with a real one.
The result
The account is current. Filing on real numbers rather than CRA estimates reduced the balance by $61,000, and a relief application addressed part of the accumulated interest.
Case Study 3 · Structure rebuilt
Reorganisation Completed Tax-Deferred, $45,000 Saved Each Year — Family Medicine Clinic, Norfolk County
Client: A family medicine clinic · Where: Norfolk County, Ontario · Engagement: 4 weeks, fixed fee
Annual saving$45,000
Tax on reorganisationDeferred
Elections filedOn time
The situation
A family medicine clinic in Norfolk County, Ontario had outgrown the structure it started with. A provincial payroll levy that had never been registered for or remitted was the immediate problem; the longer-term one was that the structure blocked the next step.
What we did
We mapped the current structure, modelled the target, and assessed and claimed Ontario Innovation Tax Credit alongside the federal return — with the tax-deferred elections filed on time and the supporting valuations documented.
The result
The reorganisation completed without triggering tax, and the new structure saves approximately $45,000 a year while removing the exposure the old one carried.
Case Study 4 · Objection and relief
Desk-Review Assessment Of $130,000 Vacated — Boutique Law Firm, Norfolk County
Client: A boutique law firm · Where: Norfolk County, Ontario · Engagement: 3 weeks, fixed fee
Assessment vacated$130,000
Supporting recordsNow on file
AccountCleared
The situation
A boutique law firm in Norfolk County, Ontario was carrying $130,000 of penalties and interest arising from sector-specific exposure the previous accountant had not seen before, much of it accumulated during a period the CRA itself had delayed.
What we did
We assessed and claimed Ontario Made Manufacturing Investment Tax Credit alongside the federal return and framed the relief application on the specific grounds the CRA guidelines recognise rather than on general hardship.
The result
The assessment was vacated. $130,000 came off the account, and the documentation now on file makes the same position straightforward to defend next time.
Case Study 5 · Deadline rescue
9-Week Turnaround Beat The Deadline And Saved $124,000 — B2B SaaS Company, Norfolk County
Client: A B2B SaaS company · Where: Norfolk County, Ontario · Engagement: 9 weeks, fixed fee
Late-filing penalty avoided$124,000
Filed with20 days to spare
Next yearPapers ready
The situation
With the deadline for its on tax and accounting file weeks away, a B2B SaaS company in Norfolk County, Ontario was carrying instalments still calculated on a year the business had long outgrown. The exposure if the date slipped was around $124,000.
What we did
We rebuilt the sales ledger by customer location, applied the correct place-of-supply rate to each stream, and filed the adjusted HST returns. The filing went in complete rather than provisional, so there was no amended return to follow.
The result
Filed with 20 days to spare. $124,000 in late-filing penalties avoided, and the working papers are ready for the following year.
Case Study 6 · Records and systems rebuilt
Month-End Close Cut From 6 Weeks To 4 Days — Home-Care Nursing Agency, Norfolk County
Client: A home-care nursing agency · Where: Norfolk County, Ontario · Engagement: 9 weeks, fixed fee
Close time before6 weeks
Close time after4 days
Year-endReview, not rebuild
The situation
The accounting file at a home-care nursing agency in Norfolk County, Ontario was built on 13% HST charged on every sale regardless of where the customer was located. The year-end had taken 6 weeks each of the last three years.
What we did
We recalculated the corporate tax at the 12.2% combined small business rate and rebased the instalments on the current year and moved the reconciliations into the monthly cycle, so the year-end stopped being a rebuild.
The result
The file reconciles. Month-end closes in 4 days instead of 6 weeks, and the year-end is a review rather than a reconstruction.
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.
