6 Prince Edward County 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 Prince Edward County and its provincial tax regime, not a general example.
Case Study 1 · Structure rebuilt
Holding Structure Added, $30,500 Saved Annually — Surveying Practice, Prince Edward County
Client: A surveying practice · Where: Prince Edward County, Ontario · Engagement: 6 weeks, fixed fee
Annual saving$30,500
ReorganisationTax-neutral
StructureMatches operations
The situation
A surveying practice in Prince Edward County, Ontario was carrying sector-specific exposure the previous accountant had not seen before, and every option for fixing it ran through a reorganisation that had to be done without triggering tax.
What we did
Working with the client's lawyer, we assessed and claimed Ontario Made Manufacturing Investment Tax Credit alongside the federal return and prepared the elections, resolutions and valuations the structure needed to stand up.
The result
The structure now matches the business. Annual saving of $30,500, and the reorganisation itself was tax-neutral.
Case Study 2 · Scaling without breaking
Scaled To 19 Staff With $24,000 Of Working Capital Freed — Recruitment Firm, Prince Edward County
Client: A recruitment firm · Where: Prince Edward County, Ontario · Engagement: 7 weeks, fixed fee
Headcount reached19
Working capital freed$24,000
Missed deadlinesZero
The situation
A recruitment firm in Prince Edward County, Ontario was growing fast — headcount to 19 in eighteen months — and the back office had not kept up. Instalments still calculated on a year the business had long outgrown was the first thing to break.
What we did
We rebuilt the sales ledger by customer location, applied the correct place-of-supply rate to each stream, and filed the adjusted HST returns, and built the compliance calendar for the size the business was becoming rather than the size it had been.
The result
The business reached 19 staff with no missed remittance and no late filing. $24,000 of working capital was freed in the process.
Case Study 3 · Objection and relief
$117,000 Of Penalties And Interest Cancelled On Relief — Architecture Studio, Prince Edward County
Client: An architecture studio · Where: Prince Edward County, Ontario · Engagement: 8 weeks, fixed fee
Penalties and interest cancelled$117,000
Relief groundsAccepted
AssessmentAdjusted to filed position
The situation
An assessment of $117,000 landed at an architecture studio in Prince Edward County, Ontario following a desk review. The auditor had not seen the records behind 13% HST charged on every sale regardless of where the customer was located.
What we did
We recalculated the corporate tax at the 12.2% combined small business rate and rebased the instalments on the current year, then set out the legislative basis for the position alongside the documents supporting it.
The result
$117,000 of penalties and interest was cancelled under the taxpayer relief provisions, and the underlying assessment was adjusted to match the filed position.
Case Study 4 · CRA review defended
$44,000 Reassessment Reduced To Nil On Review — Two-Partner Engineering Practice, Prince Edward County
Client: A two-partner engineering practice · Where: Prince Edward County, Ontario · Engagement: 8 weeks, fixed fee
Reassessment reduced toNil
Tax protected$44,000
Prior filingsUndisturbed
The situation
A review notice arrived at a two-partner engineering practice in Prince Edward County, Ontario covering its on tax and accounting file for two tax years. The auditor's working position was an adjustment of $44,000, driven by out-of-province sales billed at the ON rate instead of the customer’s.
What we did
Rather than negotiate, we rebuilt the record. We registered the provincial payroll account, caught up the outstanding remittances, and applied for relief on the penalty and submitted a point-by-point response that answered each proposed adjustment with the document behind it.
The result
The auditor accepted the documented position and closed the review without adjustment, protecting $44,000 and leaving the prior filings undisturbed.
Case Study 5 · Deadline rescue
Filed On Time From A Standing Start, $125,000 Penalty Avoided — Wealth Management Practice, Prince Edward County
Client: A wealth management practice · Where: Prince Edward County, Ontario · Engagement: 5 weeks, fixed fee
Penalty avoided$125,000
Turnaround5 weeks
FiledOn time
The situation
A wealth management practice in Prince Edward County, Ontario came to us 5 weeks before its filing deadline with a provincial payroll levy that had never been registered for or remitted. A late filing would have triggered a penalty of roughly $125,000 before interest.
What we did
We worked backwards from the deadline. We assessed and claimed Ontario Innovation Tax Credit alongside the federal return, 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 $125,000 penalty never arose, and the compliance calendar we set means the next deadline is scheduled rather than discovered.
Case Study 6 · Missed incentive claimed
$136,000 In Credits Claimed That Prior Filings Had Missed — Benefits Consultancy, Prince Edward County
Client: A benefits consultancy · Where: Prince Edward County, Ontario · Engagement: 11 weeks, fixed fee
Credits claimed$136,000
Years adjusted4
Review outcomeNo adjustment
The situation
A benefits consultancy in Prince Edward County, Ontario had been filing for 4 years without ever claiming the incentives its activity qualified for. Behind that sat Ontario Regional Opportunities Investment Tax Credit eligibility that had never been assessed.
What we did
We tested each activity against the eligibility criteria rather than the description on the invoice, then assessed and claimed Ontario Made Manufacturing Investment Tax Credit alongside the federal return.
The result
$136,000 in credits claimed, with the open prior years adjusted as well. The claim passed review without adjustment.
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.
