6 worked Medical Labs & Diagnostics 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 medical labs & diagnostics work, not a specific client's file.
Case Study 1 · Missed incentive claimed
$38,000 Credit Claim Filed And Accepted Without Adjustment — Optometry Practice, Mississauga
An optometry practice in Mississauga, Ontario assumed the credits did not apply to a business its size. Sector incentives that had never been tested against medical labs & diagnostics activity meant they had applied all along.
Case 1: what we did
We identified the qualifying activity and built the documentation to support it. Then we rebuilt the chart of accounts around how a medical labs & diagnostics business actually earns and spends.
Case 1: the result
$38,000 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 · Scaling without breaking
Second-Province Expansion Handled, $50,000 Of Cash Released — Veterinary Hospital, London
Revenue at a veterinary hospital in London, Ontario was up sharply and cash was tighter than ever. Underneath it sat industry-specific reporting obligations nobody had flagged.
Case 2: what we did
We documented the positions to the standard the CRA applies to this sector specifically. Every new obligation was set up before it was triggered, not after. That covered registration, remittance frequency and provincial filing.
Case 2: the result
$50,000 of cash was released from the working capital cycle. The expansion completed with every registration and filing obligation covered from day one.
Case Study 3 · Cash and remittance control
Instalments Rebased, $69,000 Of Cash Returned To The Business — Psychology Practice, Moncton
Client: A psychology practice. Where: Moncton, New Brunswick. Engagement: 8 weeks, fixed fee.
Cash returned$69,000
Instalment basisCurrent year
ReviewedQuarterly
Case 3: the situation
A psychology practice in Moncton, New Brunswick was paying instalments calculated on a prior year. That year no longer reflected the business. Seasonal revenue reported without matching the costs that produced it was tying up $69,000 of cash.
Case 3: what we did
We rebased the instalments on the current-year estimate rather than the prior-year default. Alongside that, we reassigned the asset classes on the CCA schedule and corrected the opening balances.
Case 3: the result
$69,000 of cash stayed in the business, the penalty cycle ended, and the instalment position is reviewed each quarter against actual results.
Case Study 4 · Deadline rescue
3-Week Turnaround Beat The Deadline And Saved $73,000 — Chiropractic Clinic, Edmonton
A chiropractic clinic in Edmonton, Alberta was weeks away from the deadline for medical labs & diagnostics accounting and tax. Behind that sat a previous accountant with no experience of this sector. The exposure if the date slipped was around $73,000.
Case 4: what we did
We reviewed every sector-specific deduction against the current rules and claimed the ones that had been missed. The filing went in complete rather than provisional, so there was no amended return to follow.
Case 4: the result
Filed with 16 days to spare. $73,000 in late-filing penalties avoided, and the working papers are ready for the following year.
Case Study 5 · Structure rebuilt
Corporate Structure Rebuilt For $71,000 Of Annual Savings — Pharmacy, Burnaby
Client: A pharmacy. Where: Burnaby, British Columbia. Engagement: 5 weeks, fixed fee.
Saving per year$71,000
DocumentationComplete
Transfer basisRollover
Case 5: the situation
The structure at a pharmacy in Burnaby, British Columbia dated from years earlier. It had been set up for a business that no longer existed. Sector deductions claimed on a general-business basis rather than the medical labs & diagnostics rules had become expensive.
Case 5: what we did
We aligned the reporting calendar with the sector’s own seasonal cycle rather than a generic year-end. The reorganisation used the rollover provisions rather than a taxable transfer, so no tax fell due on the restructuring itself.
Case 5: the result
$71,000 of annual saving, achieved on a tax-deferred basis. The minute book, elections and valuations are all in the file.
Case Study 6 · Sale and succession
Share Sale Restructured, $725,000 Less Tax On Closing — Medical Imaging Clinic, Barrie
Client: A medical imaging clinic. Where: Barrie, Ontario. Engagement: 10 weeks, fixed fee.
Tax saved on closing$725,000
PriceAs agreed
Post-closing adjustmentsNone
Case 6: the situation
A medical imaging clinic in Barrie, Ontario was preparing to sell. Due diligence surfaced no valuation on file to support the price the parties had agreed. That would have reduced the price or killed the deal outright.
Case 6: what we did
We cleaned up the historical file. We rebuilt the chart of accounts around how a medical labs & diagnostics business actually earns and spends. Then we prepared the due-diligence package the buyer's advisers actually asked for.
Case 6: the result
The deal closed at the agreed price. $725,000 of tax was saved against the structure originally proposed, with no post-closing adjustment.
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.
