6 worked Bank Financing Support 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 bank financing support work, not a specific client's file.
Case Study 1 · Missed incentive claimed
$125,000 Credit Claim Filed And Accepted Without Adjustment — Contractor Scaling Bids, Regina
Client: A construction company bidding larger contracts · Where: Regina, Saskatchewan · Engagement: 3 weeks, fixed fee
Claim value$125,000
AcceptedWithout adjustment
RepeatableAnnually
The situation — A construction company bidding larger contracts, Regina, Saskatchewan
A construction company bidding larger contracts in Regina, Saskatchewan assumed the credits did not apply to a business its size. Revenue up 40% year over year and a bank balance that kept falling meant they had applied all along.
What we did for A construction company bidding larger contracts, Regina, Saskatchewan
We identified the qualifying activity, built the documentation to support it, and separated customer prepayments from earned revenue in the reporting, so the cash position and the tax position were visible at the same time.
The result — A construction company bidding larger contracts, Regina, Saskatchewan
$125,000 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 · Cash and remittance control
$32,500 Of Working Capital Freed From The Tax Cycle — Corporation Facing Covenant Test, Edmonton
Client: A corporation approaching a covenant test date · Where: Edmonton, Alberta · Engagement: 7 weeks, fixed fee
Working capital freed$32,500
On-time remittancesEvery period since
Forecast horizon13 weeks
The situation — A corporation approaching a covenant test date, Edmonton, Alberta
A corporation approaching a covenant test date in Edmonton, Alberta was profitable on paper and short of cash every month. A monthly report that stopped at the income statement, with no balance sheet and no cash view explained most of the gap.
What we did for A corporation approaching a covenant test date, Edmonton, Alberta
We rebuilt the reporting around gross margin by service line, which showed two of five offerings were losing money at the current price and built a thirteen-week cash view so tax payments stopped competing with payroll for the same dollars.
The result — A corporation approaching a covenant test date, Edmonton, Alberta
$32,500 was released back into working capital. Remittances have been on time every period since, and the forecast shows the tax outflow before it lands.
Client: A distributor entering a second province · Where: Windsor, Ontario · Engagement: 4 weeks, fixed fee
Annual saving$31,500
ReorganisationTax-neutral
StructureMatches operations
The situation — A distributor entering a second province, Windsor, Ontario
A distributor entering a second province in Windsor, Ontario was carrying a covenant breach discovered only when the bank called, and every option for fixing it ran through a reorganisation that had to be done without triggering tax.
What we did for A distributor entering a second province, Windsor, Ontario
Working with the client's lawyer, we added the balance sheet and a cash view to the monthly package, so the owner saw working capital move rather than only profit and prepared the elections, resolutions and valuations the structure needed to stand up.
The result — A distributor entering a second province, Windsor, Ontario
The structure now matches the business. Annual saving of $31,500, and the reorganisation itself was tax-neutral.
Case Study 4 · CRA review defended
$83,000 Proposed Adjustment Withdrawn In Full — Mid-Sized Services Firm, Surrey
Client: A mid-sized professional services firm · Where: Surrey, British Columbia · Engagement: 11 weeks, fixed fee
Adjustment withdrawn$83,000
File closed in11 weeks
Penalties assessedNone
The situation — A mid-sized professional services firm, Surrey, British Columbia
A mid-sized professional services firm in Surrey, British Columbia received a proposal letter opening a review of bank financing support. The CRA had identified a healthy bank balance made up almost entirely of deposits for work not yet performed and proposed an adjustment of $83,000, with 30 days to respond.
What we did for A mid-sized professional services firm, Surrey, British Columbia
We treated the response as an evidence exercise rather than an argument. We produced a board-ready monthly package — cash, margin, pipeline and covenant headroom — that replaced a spreadsheet nobody trusted, then indexed every supporting document against the specific line the auditor had questioned.
The result — A mid-sized professional services firm, Surrey, British Columbia
The proposed adjustment was withdrawn in full — all $83,000 of it. The file closed in 11 weeks with no change to the assessed amounts and no penalty.
Case Study 5 · Records and systems rebuilt
28 Months Reconciled And $12,500 Of Input Tax Recovered — Pre-Raise Technology Company, Guelph
Client: A technology company preparing to raise · Where: Guelph, Ontario · Engagement: 10 weeks, fixed fee
Months reconciled28
Input tax recovered$12,500
Close time7 days
The situation — A technology company preparing to raise, Guelph, Ontario
A technology company preparing to raise in Guelph, Ontario was carrying revenue up 40% year over year and a bank balance that kept falling. Nothing reconciled, and every filing started with 28 months of cleanup.
What we did for A technology company preparing to raise, Guelph, Ontario
We rebuilt from source rather than correcting on top of the existing file. We built a rolling thirteen-week cash-flow model, tightened collections, and renegotiated supplier terms so the growth stopped consuming the bank balance, then set the routine that keeps it clean.
The result — A technology company preparing to raise, Guelph, Ontario
28 months reconciled to the bank. The close now takes 7 days, and $12,500 of previously unclaimable input tax was recovered in the process.
Case Study 6 · Backlog brought current
6 Years Filed, $113,000 Removed From The Assessed Balance — Fast-Growing E-Commerce Brand, Burnaby
Client: A fast-growing e-commerce brand · Where: Burnaby, British Columbia · Engagement: 11 weeks, fixed fee
Years filed6
Assessed balance removed$113,000
CollectionsStopped
The situation — A fast-growing e-commerce brand, Burnaby, British Columbia
A fast-growing e-commerce brand in Burnaby, British Columbia had not filed for 6 years. The CRA had issued arbitrary assessments, and the business was carrying an owner making hiring decisions on last quarter’s bank balance on top of a growing interest balance.
What we did for A fast-growing e-commerce brand, Burnaby, British Columbia
We started with the oldest year and worked forward so each year's closing balances fed the next. We traced each borrowing to what it actually funded and kept the interest deduction on the portion used to earn business income, filing the years in sequence rather than all at once.
The result — A fast-growing e-commerce brand, Burnaby, British Columbia
Every year is now filed and assessed on actual figures. The notional assessments were vacated and $113,000 of the estimated balance came off, with a payment arrangement covering the rest.
Reviewed for the 2025 tax year by Udit Gupta, Founder and Tax Accountant. 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.
