Case Study 1
Holding Structure Added, $70,000 Saved Annually — Refrigerated Transport Company, Edmundston
A refrigerated transport company in Edmundston, New Brunswick needed a holding structure to deal with 15% HST charged on every sale regardless of where the customer was located. The reorganisation was tax-neutral and removed $70,000 of annual exposure.
A refrigerated transport company in Edmundston, New Brunswick was carrying 15% HST charged on every sale regardless of where the customer was located, and every option for fixing it ran through a reorganisation that had to be done without triggering tax. Working with the client's lawyer, we recalculated the corporate tax at the 11.5% combined small business rate and rebased the instalments on the current year and prepared the elections, resolutions and valuations the structure needed to stand up. The structure now matches the business. Annual saving of $70,000, and the reorganisation itself was tax-neutral.
Case Study 2
Remuneration Review Saved $44,000 Across Corporate And Personal Returns — Oilfield Services Company, Edmundston
A remuneration review at an oilfield services company in Edmundston, New Brunswick found payroll obligations from another province applied to local staff by an out-of-province provider and saved $44,000 across the corporate and personal returns.
Nothing was wrong at an oilfield services company in Edmundston, New Brunswick — the filings were on time and accurate. What they were not was planned. Payroll obligations from another province applied to local staff by an out-of-province provider had never been reviewed. We assessed and claimed New Brunswick Research and Development Tax Credit alongside the federal return, and ran the numbers across both the corporate and personal returns so the saving was real rather than deferred into someone else's hands. $44,000 came off the combined corporate and personal tax bill, and the structure holds for future years without further work.
Case Study 3
$126,000 Of Arbitrary Assessments Vacated After 4 Years — Rideshare Fleet Owner, Edmundston
The CRA had assessed a rideshare fleet owner in Edmundston, New Brunswick on estimates across 4 unfiled years. Real filings vacated $126,000 of that tax.
4 years of unfiled returns had turned into notional assessments at a rideshare fleet owner in Edmundston, New Brunswick, with instalments still calculated on a year the business had long outgrown underneath. Collections had already started. We assessed and claimed New Brunswick Small Business Investor Tax Credit alongside the federal return, then filed every outstanding year in chronological order so the CRA could vacate the notional assessments cleanly. All 4 years were accepted as filed. $126,000 of arbitrarily assessed tax was vacated, collections action stopped, and the account is current for the first time in 4 years.
Case Study 4
Remittance Schedule Corrected, $49,000 Refunded — Dairy Operation, Edmundston
Remittances at a dairy operation in Edmundston, New Brunswick were chronically late because of out-of-province sales billed at the NB rate instead of the customer’s. Fixing the schedule refunded $49,000.
Remittances at a dairy operation in Edmundston, New Brunswick were consistently late by a few days, which was enough to trigger penalties every quarter. Behind it sat out-of-province sales billed at the NB rate instead of the customer’s. We rebuilt the sales ledger by customer location, applied the correct place-of-supply rate to each stream, and filed the adjusted HST returns, then moved the remittance dates into a scheduled process rather than a monthly decision. Penalties stopped from the following remittance onwards, and $49,000 of overpaid instalments was refunded.
Case Study 5
$605,000 Sheltered By The Lifetime Capital Gains Exemption — Courier Fleet, Edmundston
A courier fleet in Edmundston, New Brunswick was preparing to sell, but passive assets sitting inside the operating company, disqualifying the shares disqualified the shares. Purification sheltered $605,000 under the exemption.
A courier fleet in Edmundston, New Brunswick had an offer on the table and 15 months to close. The shares did not qualify for the capital gains exemption, and passive assets sitting inside the operating company, disqualifying the shares was part of the reason. We purified the corporation so the shares met the qualifying tests, then recalculated the corporate tax at the 11.5% combined small business rate and rebased the instalments on the current year well ahead of the closing date. The sale closed on schedule with $605,000 sheltered by the lifetime capital gains exemption across the shareholders.
Case Study 6
26 Months Reconciled And $8,000 Of Input Tax Recovered — Digital Product Agency, Edmundston
26 months of records at a digital product agency in Edmundston, New Brunswick had never been reconciled, leaving 15% HST charged on every sale regardless of where the customer was located. Rebuilding recovered $8,000.
A digital product agency in Edmundston, New Brunswick was carrying 15% HST charged on every sale regardless of where the customer was located. Nothing reconciled, and every filing started with 26 months of cleanup. We rebuilt from source rather than correcting on top of the existing file. We assessed and claimed New Brunswick Research and Development Tax Credit alongside the federal return, then set the routine that keeps it clean. 26 months reconciled to the bank. The close now takes 7 days, and $8,000 of previously unclaimable input tax was recovered in the process.