Case Study 1
Books Rebuilt From Source, $7,300 In Unclaimed Input Tax Found — Medical Imaging Clinic, Kitchener
The ledger at a medical imaging clinic in Kitchener, Ontario could not support its own filings because of sector-specific exposure the previous accountant had not seen before. Rebuilding it surfaced $7,300 in unclaimed input tax.
A medical imaging clinic in Kitchener, Ontario could not answer basic questions about its own numbers, because sector-specific exposure the previous accountant had not seen before sat between the bank statements and the ledger. We assessed and claimed Ontario Made Manufacturing Investment Tax Credit alongside the federal return, then documented the process so the work does not depend on any one person remembering how it was done. Records rebuilt and reconciled, $7,300 recovered in input tax credits that the old file could not support, and a documented monthly process now in place.
Case Study 2
Filed On Time From A Standing Start, $111,000 Penalty Avoided — Food Processing Plant, Kitchener
A food processing plant in Kitchener, Ontario was 8 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 $111,000 in penalties.
A food processing plant in Kitchener, Ontario came to us 8 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 $111,000 before interest. We worked backwards from the deadline. We assessed and claimed Ontario Innovation 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 $111,000 penalty never arose, and the compliance calendar we set means the next deadline is scheduled rather than discovered.
Case Study 3
Desk-Review Assessment Of $128,000 Vacated — Optometry Practice, Kitchener
A desk review assessed an optometry practice in Kitchener, Ontario $128,000 over out-of-province sales billed at the ON rate instead of the customer’s. Producing the records vacated it.
An optometry practice in Kitchener, Ontario was carrying $128,000 of penalties and interest arising from out-of-province sales billed at the ON rate instead of the customer’s, much of it accumulated during a period the CRA itself had delayed. We registered the provincial payroll account, caught up the outstanding remittances, and applied for relief on the penalty and framed the relief application on the specific grounds the CRA guidelines recognise rather than on general hardship. The assessment was vacated. $128,000 came off the account, and the documentation now on file makes the same position straightforward to defend next time.
Case Study 4
Corporate Structure Rebuilt For $58,000 Of Annual Savings — Recruitment Firm, Kitchener
The structure at a recruitment firm in Kitchener, Ontario no longer fitted the business, and 13% HST charged on every sale regardless of where the customer was located showed it. Rebuilding it saves $58,000 a year.
The structure at a recruitment firm in Kitchener, Ontario had been set up years earlier for a business that no longer existed, and 13% HST charged on every sale regardless of where the customer was located had become expensive. We recalculated the corporate tax at the 12.2% combined small business rate and rebased the instalments on the current year. The reorganisation used the rollover provisions rather than a taxable transfer, so no tax fell due on the restructuring itself. $58,000 of annual saving, achieved on a tax-deferred basis. The minute book, elections and valuations are all in the file.
Case Study 5
$59,000 Of Arbitrary Assessments Vacated After 7 Years — Fintech Startup, Kitchener
The CRA had assessed a fintech startup in Kitchener, Ontario on estimates across 7 unfiled years. Real filings vacated $59,000 of that tax.
7 years of unfiled returns had turned into notional assessments at a fintech startup in Kitchener, Ontario, with instalments still calculated on a year the business had long outgrown underneath. Collections had already started. 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 filed every outstanding year in chronological order so the CRA could vacate the notional assessments cleanly. All 7 years were accepted as filed. $59,000 of arbitrarily assessed tax was vacated, collections action stopped, and the account is current for the first time in 7 years.
Case Study 6
$770,000 Sheltered By The Lifetime Capital Gains Exemption — Boutique Law Firm, Kitchener
A boutique law firm in Kitchener, Ontario was preparing to sell, but passive assets sitting inside the operating company, disqualifying the shares disqualified the shares. Purification sheltered $770,000 under the exemption.
A boutique law firm in Kitchener, Ontario had an offer on the table and 34 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 assessed and claimed Ontario Made Manufacturing Investment Tax Credit alongside the federal return well ahead of the closing date. The sale closed on schedule with $770,000 sheltered by the lifetime capital gains exemption across the shareholders.