6 T5 Dividend Slip 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 t5 dividend slip preparation work, not a general example.
Case Study 1 · Cash and remittance control
Instalments Rebased, $142,000 Of Cash Returned To The Business — Franchise Operator with Three, Windsor
Client: A franchise operator with three locations · Where: Windsor, Ontario · Engagement: 10 weeks, fixed fee
Cash returned$142,000
Instalment basisCurrent year
ReviewedQuarterly
The situation
A franchise operator with three locations in Windsor, Ontario was paying instalments calculated on a prior year that no longer reflected the business. A small business limit quietly shared across three associated corporations nobody had mapped was tying up $142,000 of cash.
What we did
We rebased the instalments on the current-year estimate rather than the prior-year default, and mapped the association rules across the group, allocated the business limit deliberately on Schedule 23, and corrected the prior year by adjustment request.
The result
$142,000 of cash stayed in the business, the penalty cycle ended, and the instalment position is reviewed each quarter against actual results.
Case Study 2 · Planning that cut the bill
$34,500 Saved By Correcting What Prior Filings Had Missed — Holding Company and Its, Toronto
Client: A holding company and its operating subsidiary · Where: Toronto, Ontario · Engagement: 3 weeks, fixed fee
Saving identified$34,500
RecurringYes
Positions documentedAll
The situation
A holding company and its operating subsidiary in Toronto, Ontario asked for a second opinion on t5 dividend slip preparation after three years of rising tax. The review found passive investment income that had crossed the $50,000 grind threshold unnoticed.
What we did
We built the comparison first — current structure against two alternatives — and then moved passive holdings into a separate structure so the operating company’s small business limit stopped grinding down.
The result
First-year saving of $34,500, with the same benefit recurring. Every position taken is documented and supported in the file.
Case Study 3 · Scaling without breaking
Scaled To 81 Staff With $105,000 Of Working Capital Freed — Incorporated Trades Business, Winnipeg
Client: An incorporated trades business · Where: Winnipeg, Manitoba · Engagement: 8 weeks, fixed fee
Headcount reached81
Working capital freed$105,000
Missed deadlinesZero
The situation
An incorporated trades business in Winnipeg, Manitoba was growing fast — headcount to 81 in eighteen months — and the back office had not kept up. A balance-due date the owner believed was the same as the filing date was the first thing to break.
What we did
We rebuilt the instalment schedule off the current year rather than the prior year, ending the interest accrual, and built the compliance calendar for the size the business was becoming rather than the size it had been.
The result
The business reached 81 staff with no missed remittance and no late filing. $105,000 of working capital was freed in the process.
Client: An incorporated consultancy · Where: Burnaby, British Columbia · Engagement: 10 weeks, fixed fee
Proposed tax cleared$117,000
Review duration10 weeks
OutcomeNo change
The situation
An incorporated consultancy in Burnaby, British Columbia was selected for review after two corporations under common control filing as if each had its own $500,000 limit showed up in the CRA's automated matching. The proposed adjustment on t5 dividend slip preparation came to $117,000.
What we did
We modelled salary against dividends across both the corporation and the shareholder’s personal return, then set the remuneration mix for the year. Every figure in the response traced to a source record the auditor could verify without asking a second question.
The result
The review closed with no change. $117,000 of proposed tax came off the table, and the documentation now in place makes the next review a short one.
Case Study 5 · Missed incentive claimed
$57,000 Credit Claim Filed And Accepted Without Adjustment — Professional Corporation, Moncton
Client: A professional corporation · Where: Moncton, New Brunswick · Engagement: 3 weeks, fixed fee
Claim value$57,000
AcceptedWithout adjustment
RepeatableAnnually
The situation
A professional corporation in Moncton, New Brunswick assumed the credits did not apply to a business its size. Two corporations under common control filing as if each had its own $500,000 limit meant they had applied all along.
What we did
We identified the qualifying activity, built the documentation to support it, and mapped the association rules across the group, allocated the business limit deliberately on Schedule 23, and corrected the prior year by adjustment request.
The result
$57,000 recovered. Because the eligibility analysis is on file, the same claim can be repeated each year with a fraction of the effort.
Case Study 6 · Sale and succession
$850,000 Sheltered By The Lifetime Capital Gains Exemption — Import and Distribution Corporation, Calgary
Client: An import and distribution corporation · Where: Calgary, Alberta · Engagement: 11 weeks, fixed fee
Gain sheltered$850,000
ClosingOn schedule
Share qualificationMet
The situation
An import and distribution corporation in Calgary, Alberta had an offer on the table and 31 months to close. The shares did not qualify for the capital gains exemption, and a single shareholder holding every share, with no room to multiply the exemption was part of the reason.
What we did
We purified the corporation so the shares met the qualifying tests, then moved passive holdings into a separate structure so the operating company’s small business limit stopped grinding down well ahead of the closing date.
The result
The sale closed on schedule with $850,000 sheltered by the lifetime capital gains exemption across the shareholders.
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.
