6 Leasing Agencies tax and accounting engagements in full — what the client came to us with, what we did, and what it was worth. Each one is specific to leasing agencies work, not a general example.
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 in Moncton, New Brunswick was carrying seasonal revenue reported without matching the costs that produced it. Nothing reconciled, and every filing started with 9 months of cleanup.
What we did
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 set the routine that keeps it clean.
The result
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
A house-flipping operation in Regina, Saskatchewan came to us 4 weeks before its filing deadline 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
We worked backwards from the deadline. We reviewed every sector-specific deduction against the current rules and claimed the ones that had been missed, prioritising the items that actually gated the filing and deferring everything that did not.
The result
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 in Halifax, Nova Scotia had been reassessed for $120,000 and had 11 days left on the objection deadline. The reassessment rested on equipment and asset classes assigned by guesswork rather than the CCA schedule.
What we did
We filed the objection inside the deadline with a complete submission rather than a placeholder, and aligned the reporting calendar with the sector’s own seasonal cycle rather than a generic year-end.
The result
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 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
We mapped the current structure, modelled the target, and rebuilt the chart of accounts around how a leasing agencies business actually earns and spends — with the tax-deferred elections filed on time and the supporting valuations documented.
The result
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
6 years of unfiled returns had turned into notional assessments at a land development company in Lethbridge, Alberta, with a previous accountant with no experience of this sector underneath. Collections had already started.
What we did
We documented the positions to the standard the CRA applies to this sector specifically, then filed every outstanding year in chronological order so the CRA could vacate the notional assessments cleanly.
The result
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
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, and no valuation on file to support the price the parties had agreed was part of the reason.
What we did
We purified the corporation so the shares met the qualifying tests, then reassigned the asset classes on the CCA schedule and corrected the opening balances well ahead of the closing date.
The result
The sale closed on schedule with $575,000 sheltered by the lifetime capital gains exemption across the shareholders.
Reviewed for the 2025 tax year by Udit Gupta, Certified Tax Accountant. Figures describe representative engagements of this type; outcomes depend on your own facts. Client names and identifying details are omitted for confidentiality.
