6 worked Mining & Exploration Companies case studies — the position a client typically comes to us with, what we do, and what it is worth. Each is an illustrative example built on the rules that apply to mining & exploration companies work, not a specific client's file.
Case Study 1 · CRA review defended
$96,000 Reassessment Reduced To Nil On Review — Logging Contractor, Guelph
The situation — A logging contractor, Guelph, Ontario
A review notice arrived at a logging contractor in Guelph, Ontario, covering mining & exploration companies accounting and tax for two tax years. The auditor's working position was an adjustment of $96,000. It was driven by a chart of accounts that told the owner nothing about mining & exploration companies margin.
What we did for A logging contractor, Guelph, Ontario
Rather than negotiate, we rebuilt the record. We reviewed every sector-specific deduction against the current rules and claimed the ones that had been missed. We then submitted a point-by-point response that answered each proposed adjustment with the document behind it.
The result — A logging contractor, Guelph, Ontario
The auditor accepted the documented position and closed the review without adjustment, protecting $96,000 and leaving the prior filings undisturbed.
Case Study 2 · Missed incentive claimed
Incentive Review Recovered $93,000 Across 4 Open Years — Solar Installation Company, Halifax
Client: A solar installation company · Where: Halifax, Nova Scotia · Engagement: 9 weeks, fixed fee
Recovered$93,000
Open years claimed4
Ongoing trackingIn place
The situation — A solar installation company, Halifax, Nova Scotia
An incentive review at a solar installation company in Halifax, Nova Scotia started from a simple question: what has never been claimed? The answer ran to 4 years. It was driven by provincial credits left unclaimed alongside every federal filing.
What we did for A solar installation company, Halifax, Nova Scotia
We documented the positions to the standard the CRA applies to this sector specifically. We documented eligibility to the standard a reviewer would apply rather than the standard a claim form requires.
The result — A solar installation company, Halifax, Nova Scotia
The credits produced $93,000 across the open years. The tracking now in place means the following year's claim is documented as the work happens rather than reconstructed afterwards.
Case Study 3 · Sale and succession
$440,000 Sheltered By The Lifetime Capital Gains Exemption — Cattle Ranch, Barrie
A cattle ranch in Barrie, Ontario had an offer on the table and 34 months to close. The shares did not qualify for the capital gains exemption. No valuation on file to support the price the parties had agreed was part of the reason.
What we did for A cattle ranch, Barrie, Ontario
We purified the corporation so the shares met the qualifying tests. We aligned the reporting calendar with the sector’s own seasonal cycle rather than a generic year-end. All of it was done well ahead of the closing date.
The result — A cattle ranch, Barrie, Ontario
The sale closed on schedule with $440,000 sheltered by the lifetime capital gains exemption across the shareholders.
Case Study 4 · Backlog brought current
6 Years Filed, $110,000 Removed From The Assessed Balance — Grain Farm Corporation, Hamilton
The situation — A grain farm corporation, Hamilton, Ontario
A grain farm corporation in Hamilton, Ontario had not filed for 6 years. The CRA had issued arbitrary assessments. The business was carrying seasonal revenue reported without matching the costs that produced it. That came on top of a growing interest balance.
What we did for A grain farm corporation, Hamilton, Ontario
We started with the oldest year and worked forward so each year's closing balances fed the next. We reassigned the asset classes on the CCA schedule and corrected the opening balances. We filed the years in sequence rather than all at once.
The result — A grain farm corporation, Hamilton, Ontario
Every year is now filed and assessed on actual figures. The notional assessments were vacated and $110,000 of the estimated balance came off, with a payment arrangement covering the rest.
Case Study 5 · Structure rebuilt
Corporate Structure Rebuilt For $23,000 Of Annual Savings — Greenhouse Grower, Windsor
The situation — A greenhouse grower, Windsor, Ontario
The structure at a greenhouse grower in Windsor, Ontario dated from years earlier. It had been set up for a business that no longer existed. Industry-specific reporting obligations nobody had flagged had become expensive.
What we did for A greenhouse grower, Windsor, Ontario
We rebuilt the chart of accounts around how a mining & exploration companies business actually earns and spends. The reorganisation used the rollover provisions rather than a taxable transfer, so no tax fell due on the restructuring itself.
The result — A greenhouse grower, Windsor, Ontario
$23,000 of annual saving, achieved on a tax-deferred basis. The minute book, elections and valuations are all in the file.
Case Study 6 · Objection and relief
Notice Of Objection Allowed In Full, $41,000 Reversed — Mining Services Supplier, Ottawa
The situation — A mining services supplier, Ottawa, Ontario
A mining services supplier in Ottawa, Ontario had been reassessed for $41,000. 13 days were left on the objection deadline. The reassessment rested on equipment and asset classes assigned by guesswork rather than the CCA schedule.
What we did for A mining services supplier, Ottawa, Ontario
We filed the objection inside the deadline with a complete submission rather than a placeholder. Alongside it, we reviewed every sector-specific deduction against the current rules and claimed the ones that had been missed.
The result — A mining services supplier, Ottawa, Ontario
The appeals officer allowed the objection in full. $41,000 was reversed and the account returned to a nil balance.
Reviewed by Udit Gupta, Founder and Tax Accountant for the 2025 tax year. These case studies are illustrative worked examples composed from the CRA rules that apply to this type of work, not specific client files; figures are representative and outcomes depend on your own facts.
