Cryptocurrency & Blockchain Businesses Case Studies
6 worked Cryptocurrency & Blockchain Businesses 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 cryptocurrency & blockchain businesses work, not a specific client's file.
Case Study 1 · Missed incentive claimed
$26,000 Credit Claim Filed And Accepted Without Adjustment — Financial Planning Practice, Red Deer
Client: A financial planning practice · Where: Red Deer, Alberta · Engagement: 10 weeks, fixed fee
Claim value$26,000
AcceptedWithout adjustment
RepeatableAnnually
The situation — A financial planning practice, Red Deer, Alberta
A financial planning practice in Red Deer, Alberta assumed the credits did not apply to a business its size. Development and improvement work written off as ordinary overhead meant they had applied all along.
What we did for A financial planning practice, Red Deer, Alberta
We identified the qualifying activity and built the documentation to support it. Then we reassigned the asset classes on the CCA schedule and corrected the opening balances.
The result — A financial planning practice, Red Deer, Alberta
$26,000 recovered. Because the eligibility analysis is on file, the same claim can be repeated each year with a fraction of the effort.
Case Study 2 · Records and systems rebuilt
Month-End Close Cut From 6 Weeks To 4 Days — Benefits Consultancy, Surrey
Client: A benefits consultancy · Where: Surrey, British Columbia · Engagement: 11 weeks, fixed fee
Close time before6 weeks
Close time after4 days
Year-endReview, not rebuild
The situation — A benefits consultancy, Surrey, British Columbia
The accounting file at a benefits consultancy in Surrey, British Columbia had a weak foundation. It was built on industry-specific reporting obligations nobody had flagged. The year-end had taken 6 weeks each of the last three years.
What we did for A benefits consultancy, Surrey, British Columbia
We documented the positions to the standard the CRA applies to this sector specifically. We also moved the reconciliations into the monthly cycle, so the year-end stopped being a rebuild.
The result — A benefits consultancy, Surrey, British Columbia
The file reconciles. Month-end closes in 4 days instead of 6 weeks, and the year-end is a review rather than a reconstruction.
Case Study 3 · Sale and succession
$625,000 Sheltered By The Lifetime Capital Gains Exemption — Investment Advisory Firm, Toronto
The situation — An investment advisory firm, Toronto, Ontario
An investment advisory firm in Toronto, Ontario had an offer on the table and 14 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 An investment advisory firm, Toronto, Ontario
We purified the corporation so the shares met the qualifying tests. We rebuilt the chart of accounts around how a cryptocurrency & blockchain businesses business actually earns and spends. All of it was done well ahead of the closing date.
The result — An investment advisory firm, Toronto, Ontario
The sale closed on schedule with $625,000 sheltered by the lifetime capital gains exemption across the shareholders.
Case Study 4 · Cash and remittance control
Remittance Schedule Corrected, $19,500 Refunded — Captive Insurance Manager, Victoria
Client: A captive insurance manager · Where: Victoria, British Columbia · Engagement: 9 weeks, fixed fee
Overpayment refunded$19,500
Late remittances sinceZero
ScheduleAutomated
The situation — A captive insurance manager, Victoria, British Columbia
Remittances at a captive insurance manager in Victoria, British Columbia were consistently late by a few days. That was enough to trigger penalties every quarter. Behind it sat sector deductions claimed on a general-business basis rather than the cryptocurrency & blockchain businesses rules.
What we did for A captive insurance manager, Victoria, British Columbia
We aligned the reporting calendar with the sector’s own seasonal cycle rather than a generic year-end. Then we moved the remittance dates into a scheduled process rather than a monthly decision.
The result — A captive insurance manager, Victoria, British Columbia
Penalties stopped from the following remittance onwards, and $19,500 of overpaid instalments was refunded.
Case Study 5 · Backlog brought current
6 Years Filed, $102,000 Removed From The Assessed Balance — Bookkeeping and Payroll Bureau, Halifax
Client: A bookkeeping and payroll bureau · Where: Halifax, Nova Scotia · Engagement: 5 weeks, fixed fee
Years filed6
Assessed balance removed$102,000
CollectionsStopped
The situation — A bookkeeping and payroll bureau, Halifax, Nova Scotia
A bookkeeping and payroll bureau in Halifax, Nova Scotia had not filed for 6 years. The CRA had issued arbitrary assessments. The business was carrying equipment and asset classes assigned by guesswork rather than the CCA schedule. That came on top of a growing interest balance.
What we did for A bookkeeping and payroll bureau, Halifax, Nova Scotia
We started with the oldest year and worked forward so each year's closing balances fed the next. We reviewed every sector-specific deduction against the current rules and claimed the ones that had been missed. We filed the years in sequence rather than all at once.
The result — A bookkeeping and payroll bureau, Halifax, Nova Scotia
Every year is now filed and assessed on actual figures. The notional assessments were vacated and $102,000 of the estimated balance came off, with a payment arrangement covering the rest.
Case Study 6 · Planning that cut the bill
Remuneration Review Saved $30,500 Across Corporate And Personal Returns — Wealth Management Practice, Calgary
Client: A wealth management practice · Where: Calgary, Alberta · Engagement: 3 weeks, fixed fee
Combined saving$30,500
ScopeCorporate + personal
Future yearsNo rework needed
The situation — A wealth management practice, Calgary, Alberta
Nothing was wrong at a wealth management practice in Calgary, Alberta. The filings were on time and accurate. What they were not was planned. Seasonal revenue reported without matching the costs that produced it had never been reviewed.
What we did for A wealth management practice, Calgary, Alberta
We reassigned the asset classes on the CCA schedule and corrected the opening balances. We ran the numbers across both the corporate and personal returns, so the saving was real rather than deferred into someone else's hands.
The result — A wealth management practice, Calgary, Alberta
$30,500 came off the combined corporate and personal tax bill, and the structure holds for future years without further work.
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.
