Case Study 1
Intergenerational Transfer Completed With $815,000 Deferred — Furniture Manufacturer, Winkler
A family transfer at a furniture manufacturer in Winkler, Manitoba would have been fully taxable because of no valuation on file to support the price the parties had agreed. Restructuring deferred $815,000.
A generational transfer at a furniture manufacturer in Winkler, Manitoba had been discussed for years without a plan. No valuation on file to support the price the parties had agreed meant the transfer as contemplated would have been fully taxable. We recalculated the corporate tax at the 9% combined small business rate and rebased the instalments on the current year, sequencing the steps so each one was complete and documented before the next depended on it. $815,000 of tax was deferred through the transfer, and the successor generation took over a corporation whose records stood up to review.
Case Study 2
$79,000 Of Arbitrary Assessments Vacated After 3 Years — Logistics Brokerage, Winkler
The CRA had assessed a logistics brokerage in Winkler, Manitoba on estimates across 3 unfiled years. Real filings vacated $79,000 of that tax.
3 years of unfiled returns had turned into notional assessments at a logistics brokerage in Winkler, Manitoba, with sector-specific exposure the previous accountant had not seen before underneath. Collections had already started. We assessed and claimed Manitoba Manufacturing Investment Tax Credit alongside the federal return, then filed every outstanding year in chronological order so the CRA could vacate the notional assessments cleanly. All 3 years were accepted as filed. $79,000 of arbitrarily assessed tax was vacated, collections action stopped, and the account is current for the first time in 3 years.
Case Study 3
Corporate Structure Rebuilt For $37,000 Of Annual Savings — Cattle Ranch, Winkler
The structure at a cattle ranch in Winkler, Manitoba no longer fitted the business, and input tax credits claimed against MB provincial tax, which is not recoverable the way GST is showed it. Rebuilding it saves $37,000 a year.
The structure at a cattle ranch in Winkler, Manitoba had been set up years earlier for a business that no longer existed, and input tax credits claimed against MB provincial tax, which is not recoverable the way GST is had become expensive. We registered the provincial payroll account, caught up the outstanding remittances, and applied for relief on the penalty. The reorganisation used the rollover provisions rather than a taxable transfer, so no tax fell due on the restructuring itself. $37,000 of annual saving, achieved on a tax-deferred basis. The minute book, elections and valuations are all in the file.
Case Study 4
$11,000 Of Penalties And Interest Cancelled On Relief — Owner-Operator Trucking Corporation, Winkler
An owner-operator trucking corporation in Winkler, Manitoba was carrying $11,000 of penalties and interest from instalments still calculated on a year the business had long outgrown. A relief application cancelled it.
An assessment of $11,000 landed at an owner-operator trucking corporation in Winkler, Manitoba following a desk review. The auditor had not seen the records behind instalments still calculated on a year the business had long outgrown. We separated the federal GST and MB provincial sales tax streams, reconciled both to the sales ledger, and filed the corrected provincial returns, then set out the legislative basis for the position alongside the documents supporting it. $11,000 of penalties and interest was cancelled under the taxpayer relief provisions, and the underlying assessment was adjusted to match the filed position.
Case Study 5
Filed On Time From A Standing Start, $100,000 Penalty Avoided — Greenhouse Grower, Winkler
A greenhouse grower in Winkler, Manitoba was 10 weeks from a deadline while carrying a provincial payroll levy that had never been registered for or remitted. Filing complete and on time avoided roughly $100,000 in penalties.
A greenhouse grower in Winkler, Manitoba came to us 10 weeks before its filing deadline with a provincial payroll levy that had never been registered for or remitted. A late filing would have triggered a penalty of roughly $100,000 before interest. We worked backwards from the deadline. We assessed and claimed Manitoba Small Business Venture Capital Tax Credit alongside the federal return, prioritising the items that actually gated the filing and deferring everything that did not. The return was filed on time and complete. The $100,000 penalty never arose, and the compliance calendar we set means the next deadline is scheduled rather than discovered.
Case Study 6
15 Months Reconciled And $15,000 Of Input Tax Recovered — Packaging Producer, Winkler
15 months of records at a packaging producer in Winkler, Manitoba had never been reconciled, leaving provincial sales tax collected but never remitted on the separate MB return. Rebuilding recovered $15,000.
A packaging producer in Winkler, Manitoba was carrying provincial sales tax collected but never remitted on the separate MB return. Nothing reconciled, and every filing started with 15 months of cleanup. We rebuilt from source rather than correcting on top of the existing file. We recalculated the corporate tax at the 9% combined small business rate and rebased the instalments on the current year, then set the routine that keeps it clean. 15 months reconciled to the bank. The close now takes 4 days, and $15,000 of previously unclaimable input tax was recovered in the process.