6 T3 Slip and Summary Preparation 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 t3 slip and summary preparation work, not a general example.
Case Study 1 · Missed incentive claimed
Incentive Review Recovered $35,000 Across 7 Open Years — Estate Holding a Private, London
Client: An estate holding a private corporation · Where: London, Ontario · Engagement: 6 weeks, fixed fee
Recovered$35,000
Open years claimed7
Ongoing trackingIn place
The situation
An incentive review at an estate holding a private corporation in London, Ontario started from a simple question: what has never been claimed? The answer ran to 7 years, driven by a trust that had never filed a T3 under the expanded reporting rules.
What we did
We filed the separate rights-or-things return alongside the final T1, claiming a second set of personal credits, documenting eligibility to the standard a reviewer would apply rather than the standard a claim form requires.
The result
The credits produced $35,000 across the open years, and the tracking now in place means the following year's claim is documented as the work happens rather than reconstructed afterwards.
Case Study 2 · Objection and relief
Desk-Review Assessment Of $104,000 Vacated — Family Transferring a Farm, Brampton
Client: A family transferring a farm to the next generation · Where: Brampton, Ontario · Engagement: 4 weeks, fixed fee
Assessment vacated$104,000
Supporting recordsNow on file
AccountCleared
The situation
A family transferring a farm to the next generation in Brampton, Ontario was carrying $104,000 of penalties and interest arising from a family trust approaching its 21-year deemed disposition with no plan, much of it accumulated during a period the CRA itself had delayed.
What we did
We filed the outstanding T3 returns with full beneficial-ownership schedules and secured relief on the late-filing penalty and framed the relief application on the specific grounds the CRA guidelines recognise rather than on general hardship.
The result
The assessment was vacated. $104,000 came off the account, and the documentation now on file makes the same position straightforward to defend next time.
Case Study 3 · Planning that cut the bill
$55,000 Saved By Correcting What Prior Filings Had Missed — Trustee of an Alter-Ego, Kitchener
Client: A trustee of an alter-ego trust · Where: Kitchener, Ontario · Engagement: 6 weeks, fixed fee
Saving identified$55,000
RecurringYes
Positions documentedAll
The situation
A trustee of an alter-ego trust in Kitchener, Ontario asked for a second opinion on t3 slip and summary preparation after three years of rising tax. The review found a trust that had never filed a T3 under the expanded reporting rules.
What we did
We built the comparison first — current structure against two alternatives — and then implemented an estate freeze with a supported valuation, capping the current generation’s exposure and moving future growth to the successors.
The result
First-year saving of $55,000, with the same benefit recurring. Every position taken is documented and supported in the file.
Case Study 4 · Sale and succession
Intergenerational Transfer Completed With $400,000 Deferred — Business Owner Planning an, Victoria
Client: A business owner planning an estate freeze · Where: Victoria, British Columbia · Engagement: 5 weeks, fixed fee
Tax deferred$400,000
TransferCompleted
RecordsReview-ready
The situation
A generational transfer at a business owner planning an estate freeze in Victoria, British Columbia had been discussed for years without a plan. A minute book with no resolutions behind a decade of dividends meant the transfer as contemplated would have been fully taxable.
What we did
We made the graduated rate estate designation and re-filed, moving the estate off top-marginal-rate taxation for its first three years, sequencing the steps so each one was complete and documented before the next depended on it.
The result
$400,000 of tax was deferred through the transfer, and the successor generation took over a corporation whose records stood up to review.
Case Study 5 · Deadline rescue
Filed On Time From A Standing Start, $43,000 Penalty Avoided — Family Trust with Three, Moncton
Client: A family trust with three beneficiaries · Where: Moncton, New Brunswick · Engagement: 7 weeks, fixed fee
Penalty avoided$43,000
Turnaround7 weeks
FiledOn time
The situation
A family trust with three beneficiaries in Moncton, New Brunswick came to us 7 weeks before its filing deadline with a farm transfer completed without using the intergenerational rollover. A late filing would have triggered a penalty of roughly $43,000 before interest.
What we did
We worked backwards from the deadline. We filed the separate rights-or-things return alongside the final T1, claiming a second set of personal credits, prioritising the items that actually gated the filing and deferring everything that did not.
The result
The return was filed on time and complete. The $43,000 penalty never arose, and the compliance calendar we set means the next deadline is scheduled rather than discovered.
Case Study 6 · Scaling without breaking
Growth Handled Without A Missed Filing, $113,000 Freed — Executor Administering an Estate, Kelowna
Client: An executor administering an estate · Where: Kelowna, British Columbia · Engagement: 7 weeks, fixed fee
Cash freed$113,000
Compliance failuresNone
ReportingMonthly
The situation
An executor administering an estate in Kelowna, British Columbia was opening in a second province — different filing obligations, a different payroll regime, and a final return filed without the rights-or-things election, leaving a second set of credits unused already in the file.
What we did
We filed the outstanding T3 returns with full beneficial-ownership schedules and secured relief on the late-filing penalty and put monthly reporting in place so the owner could see the cash effect of growth while there was still time to act on it.
The result
Growth was absorbed without a compliance failure. $113,000 of cash was released, and the monthly reporting now flags a problem while it is still small.
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.
