6 worked Leasing Agencies 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 leasing agencies work, not a specific client's file.
Case Study 1 · Records and systems rebuilt
9 Months Reconciled And $11,500 Of Input Tax Recovered — Condo Corporation Manager, Moncton
Client: A condo corporation manager · Where: Moncton, New Brunswick · Engagement: 7 weeks, fixed fee
Months reconciled9
Input tax recovered$11,500
Close time7 days
The situation — A condo corporation manager, Moncton, New Brunswick
Nothing reconciled at a condo corporation manager in Moncton, New Brunswick. Every filing started with 9 months of cleanup. The file was carrying seasonal revenue reported without matching the costs that produced it.
What we did for A condo corporation manager, Moncton, New Brunswick
We rebuilt from source rather than correcting on top of the existing file. We reassigned the asset classes on the CCA schedule and corrected the opening balances. Then we set the routine that keeps it clean.
The result — A condo corporation manager, Moncton, New Brunswick
9 months reconciled to the bank. The close now takes 7 days, and $11,500 of previously unclaimable input tax was recovered in the process.
Case Study 2 · Deadline rescue
Filed On Time From A Standing Start, $23,500 Penalty Avoided — House-Flipping Operation, Regina
The situation — A house-flipping operation, Regina, Saskatchewan
A house-flipping operation in Regina, Saskatchewan came to us 4 weeks before its filing deadline. The file came with sector deductions claimed on a general-business basis rather than the leasing agencies rules. A late filing would have triggered a penalty of roughly $23,500 before interest.
What we did for A house-flipping operation, Regina, Saskatchewan
We worked backwards from the deadline. We reviewed every sector-specific deduction against the current rules and claimed the ones that had been missed. We prioritised the items that actually gated the filing and deferred everything that did not.
The result — A house-flipping operation, Regina, Saskatchewan
The return was filed on time and complete. The $23,500 penalty never arose, and the compliance calendar we set means the next deadline is scheduled rather than discovered.
Case Study 3 · Objection and relief
Notice Of Objection Allowed In Full, $120,000 Reversed — Property Management Company, Halifax
Client: A property management company · Where: Halifax, Nova Scotia · Engagement: 10 weeks, fixed fee
Amount reversed$120,000
ObjectionAllowed in full
Account balanceNil
The situation — A property management company, Halifax, Nova Scotia
A property management company in Halifax, Nova Scotia had been reassessed for $120,000. 11 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 property management company, Halifax, Nova Scotia
We filed the objection inside the deadline with a complete submission rather than a placeholder. Alongside it, we aligned the reporting calendar with the sector’s own seasonal cycle rather than a generic year-end.
The result — A property management company, Halifax, Nova Scotia
The appeals officer allowed the objection in full. $120,000 was reversed and the account returned to a nil balance.
Case Study 4 · Structure rebuilt
Reorganisation Completed Tax-Deferred, $21,500 Saved Each Year — Commercial Landlord, Edmonton
Client: A commercial landlord · Where: Edmonton, Alberta · Engagement: 5 weeks, fixed fee
Annual saving$21,500
Tax on reorganisationDeferred
Elections filedOn time
The situation — A commercial landlord, Edmonton, Alberta
A commercial landlord in Edmonton, Alberta had outgrown the structure it started with. Industry-specific reporting obligations nobody had flagged was the immediate problem. The longer-term one was that the structure blocked the next step.
What we did for A commercial landlord, Edmonton, Alberta
We mapped the current structure and modelled the target. Then we rebuilt the chart of accounts around how a leasing agencies business actually earns and spends. The tax-deferred elections were filed on time and the supporting valuations documented.
The result — A commercial landlord, Edmonton, Alberta
The reorganisation completed without triggering tax, and the new structure saves approximately $21,500 a year while removing the exposure the old one carried.
Case Study 5 · Backlog brought current
$55,000 Of Arbitrary Assessments Vacated After 6 Years — Land Development Company, Lethbridge
Client: A land development company · Where: Lethbridge, Alberta · Engagement: 8 weeks, fixed fee
Arbitrary tax vacated$55,000
Years brought current6
Account statusCurrent
The situation — A land development company, Lethbridge, Alberta
6 years of unfiled returns had turned into notional assessments at a land development company in Lethbridge, Alberta. Underneath lay a previous accountant with no experience of this sector. Collections had already started.
What we did for A land development company, Lethbridge, Alberta
We documented the positions to the standard the CRA applies to this sector specifically. We then filed every outstanding year in chronological order so the CRA could vacate the notional assessments cleanly.
The result — A land development company, Lethbridge, Alberta
All 6 years were accepted as filed. $55,000 of arbitrarily assessed tax was vacated, collections action stopped, and the account is current for the first time in 6 years.
Case Study 6 · Sale and succession
$575,000 Sheltered By The Lifetime Capital Gains Exemption — Mortgage Brokerage, Windsor
The situation — A mortgage brokerage, Windsor, Ontario
A mortgage brokerage in Windsor, Ontario had an offer on the table and 12 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 mortgage brokerage, Windsor, Ontario
We purified the corporation so the shares met the qualifying tests. We reassigned the asset classes on the CCA schedule and corrected the opening balances. All of it was done well ahead of the closing date.
The result — A mortgage brokerage, Windsor, Ontario
The sale closed on schedule with $575,000 sheltered by the lifetime capital gains exemption across the shareholders.
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.
