6 Iqaluit 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 Iqaluit and its provincial tax regime, not a general example.
Case Study 1 · Sale and succession
Share Sale Restructured, $875,000 Less Tax On Closing — Architecture Studio, Iqaluit
Client: An architecture studio · Where: Iqaluit, Nunavut · Engagement: 10 weeks, fixed fee
Tax saved on closing$875,000
PriceAs agreed
Post-closing adjustmentsNone
The situation
An architecture studio in Iqaluit, Nunavut was preparing to sell. Due diligence surfaced a single shareholder holding every share, with no room to multiply the exemption, which would have reduced the price or killed the deal outright.
What we did
We cleaned up the historical file, registered for the out-of-province obligations that had been triggered, then reconciled the GST filings to the sales ledger province by province, and prepared the due-diligence package the buyer's advisers actually asked for.
The result
The deal closed at the agreed price. $875,000 of tax was saved against the structure originally proposed, with no post-closing adjustment.
Client: A catering company · Where: Iqaluit, Nunavut · Engagement: 7 weeks, fixed fee
Proposed tax cleared$21,500
Review duration7 weeks
OutcomeNo change
The situation
A catering company in Iqaluit, Nunavut was selected for review after sector-specific exposure the previous accountant had not seen before showed up in the CRA's automated matching. The proposed adjustment on its nu tax and accounting file came to $21,500.
What we did
We assessed and claimed Federal Mineral Exploration Tax Credit on flow-through shares alongside the federal return. Every figure in the response traced to a source record the auditor could verify without asking a second question.
The result
The review closed with no change. $21,500 of proposed tax came off the table, and the documentation now in place makes the next review a short one.
Case Study 3 · Planning that cut the bill
Remuneration Review Saved $55,000 Across Corporate And Personal Returns — Oilfield Services Company, Iqaluit
Client: An oilfield services company · Where: Iqaluit, Nunavut · Engagement: 5 weeks, fixed fee
Combined saving$55,000
ScopeCorporate + personal
Future yearsNo rework needed
The situation
Nothing was wrong at an oilfield services company in Iqaluit, Nunavut — the filings were on time and accurate. What they were not was planned. A provincial payroll levy that had never been registered for or remitted had never been reviewed.
What we did
We assessed and claimed Northern Residents Deductions (Zone A) for resident employees alongside the federal return, and 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
$55,000 came off the combined corporate and personal tax bill, and the structure holds for future years without further work.
Case Study 4 · Records and systems rebuilt
Month-End Close Cut From 9 Weeks To 7 Days — Marketing Agency, Iqaluit
The accounting file at a marketing agency in Iqaluit, Nunavut was built on a registration threshold crossed on out-of-province sales that nobody was tracking. The year-end had taken 9 weeks each of the last three years.
What we did
We registered the provincial payroll account, caught up the outstanding remittances, and applied for relief on the penalty and moved the reconciliations into the monthly cycle, so the year-end stopped being a rebuild.
The result
The file reconciles. Month-end closes in 7 days instead of 9 weeks, and the year-end is a review rather than a reconstruction.
Case Study 5 · Objection and relief
Notice Of Objection Allowed In Full, $111,000 Reversed — Coffee Shop Group, Iqaluit
Client: A coffee shop group · Where: Iqaluit, Nunavut · Engagement: 11 weeks, fixed fee
Amount reversed$111,000
ObjectionAllowed in full
Account balanceNil
The situation
A coffee shop group in Iqaluit, Nunavut had been reassessed for $111,000 and had 20 days left on the objection deadline. The reassessment rested on sales into HST provinces billed at NU’s 5% GST rate.
What we did
We filed the objection inside the deadline with a complete submission rather than a placeholder, and recalculated the corporate tax at the 12% combined small business rate and rebased the instalments on the current year.
The result
The appeals officer allowed the objection in full. $111,000 was reversed and the account returned to a nil balance.
Case Study 6 · Backlog brought current
7 Years Filed, $42,000 Removed From The Assessed Balance — Logging Contractor, Iqaluit
A logging contractor in Iqaluit, Nunavut had not filed for 7 years. The CRA had issued arbitrary assessments, and the business was carrying instalments still calculated on a year the business had long outgrown on top of a growing interest balance.
What we did
We started with the oldest year and worked forward so each year's closing balances fed the next. We registered for the out-of-province obligations that had been triggered, then reconciled the GST filings to the sales ledger province by province, filing the years in sequence rather than all at once.
The result
Every year is now filed and assessed on actual figures. The notional assessments were vacated and $42,000 of the estimated balance came off, with a payment arrangement covering the rest.
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.
