Case Study 1
$26,000 Cut From The Annual Tax Bill — Psychology Practice, Markham
A psychology practice in Markham, Ontario was filing correctly and still overpaying because of 13% HST charged on every sale regardless of where the customer was located. Restructuring the position cut $26,000 from the annual bill.
A psychology practice in Markham, Ontario was compliant but paying more than it needed to. The prior year had been filed correctly and still left 13% HST charged on every sale regardless of where the customer was located on the table. We modelled the current position against the alternatives before changing anything, then recalculated the corporate tax at the 12.2% combined small business rate and rebased the instalments on the current year. The change saved $26,000 in the first year and repeats annually. Nothing about the filings became more aggressive; the position is simply the one the rules already allowed.
Case Study 2
5 Years Filed, $137,000 Removed From The Assessed Balance — Two-Partner Engineering Practice, Markham
5 years of returns were outstanding at a two-partner engineering practice in Markham, Ontario, on top of a provincial payroll levy that had never been registered for or remitted. Filing on real numbers removed $137,000 of assessed tax.
A two-partner engineering practice in Markham, Ontario had not filed for 5 years. The CRA had issued arbitrary assessments, and the business was carrying a provincial payroll levy that had never been registered for or remitted on top of a growing interest balance. We started with the oldest year and worked forward so each year's closing balances fed the next. We assessed and claimed Ontario Innovation Tax Credit alongside the federal return, filing the years in sequence rather than all at once. Every year is now filed and assessed on actual figures. The notional assessments were vacated and $137,000 of the estimated balance came off, with a payment arrangement covering the rest.
Case Study 3
Instalments Rebased, $106,000 Of Cash Returned To The Business — Specialty Chemicals Producer, Markham
A specialty chemicals producer in Markham, Ontario was overpaying instalments because of instalments still calculated on a year the business had long outgrown. Rebasing them returned $106,000 to the business.
A specialty chemicals producer in Markham, Ontario was paying instalments calculated on a prior year that no longer reflected the business. Instalments still calculated on a year the business had long outgrown was tying up $106,000 of cash. We rebased the instalments on the current-year estimate rather than the prior-year default, and rebuilt the sales ledger by customer location, applied the correct place-of-supply rate to each stream, and filed the adjusted HST returns. $106,000 of cash stayed in the business, the penalty cycle ended, and the instalment position is reviewed each quarter against actual results.
Case Study 4
Share Sale Restructured, $560,000 Less Tax On Closing — Veterinary Hospital, Markham
Due diligence at a veterinary hospital in Markham, Ontario surfaced passive assets sitting inside the operating company, disqualifying the shares. Restructuring the sale saved $560,000 against the original terms.
A veterinary hospital in Markham, Ontario was preparing to sell. Due diligence surfaced passive assets sitting inside the operating company, disqualifying the shares, which would have reduced the price or killed the deal outright. We cleaned up the historical file, registered the provincial payroll account, caught up the outstanding remittances, and applied for relief on the penalty, and prepared the due-diligence package the buyer's advisers actually asked for. The deal closed at the agreed price. $560,000 of tax was saved against the structure originally proposed, with no post-closing adjustment.
Case Study 5
25 Months Reconciled And $4,400 Of Input Tax Recovered — Boutique Law Firm, Markham
25 months of records at a boutique law firm in Markham, Ontario had never been reconciled, leaving sector-specific exposure the previous accountant had not seen before. Rebuilding recovered $4,400.
A boutique law firm in Markham, Ontario was carrying sector-specific exposure the previous accountant had not seen before. Nothing reconciled, and every filing started with 25 months of cleanup. We rebuilt from source rather than correcting on top of the existing file. We assessed and claimed Ontario Made Manufacturing Investment Tax Credit alongside the federal return, then set the routine that keeps it clean. 25 months reconciled to the bank. The close now takes 8 days, and $4,400 of previously unclaimable input tax was recovered in the process.
Case Study 6
$109,000 Credit Claim Filed And Accepted Without Adjustment — Millwork Shop, Markham
A millwork shop in Markham, Ontario had never tested its work against the eligibility rules. The resulting $109,000 claim was accepted without adjustment.
A millwork shop in Markham, Ontario assumed the credits did not apply to a business its size. Ontario Regional Opportunities Investment Tax Credit eligibility that had never been assessed meant they had applied all along. We identified the qualifying activity, built the documentation to support it, and recalculated the corporate tax at the 12.2% combined small business rate and rebased the instalments on the current year. $109,000 recovered. Because the eligibility analysis is on file, the same claim can be repeated each year with a fraction of the effort.