6 Bank Reconciliation Services 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 bank reconciliation services work, not a general example.
Case Study 1 · Missed incentive claimed
$78,000 Credit Claim Filed And Accepted Without Adjustment — Family-Owned Wholesale Distributor, Brampton
A family-owned wholesale distributor in Brampton, Ontario assumed the credits did not apply to a business its size. A bank that refused to renew an operating line without compliant statements meant they had applied all along.
What we did
We identified the qualifying activity, built the documentation to support it, and reconciled the inter-company accounts, papered the arrangement with a written agreement, and aligned both corporations’ year-ends.
The result
$78,000 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 · Structure rebuilt
Reorganisation Completed Tax-Deferred, $53,000 Saved Each Year — Regional Courier Operator, Edmonton
Client: A regional courier operator · Where: Edmonton, Alberta · Engagement: 8 weeks, fixed fee
Annual saving$53,000
Tax on reorganisationDeferred
Elections filedOn time
The situation
A regional courier operator in Edmonton, Alberta had outgrown the structure it started with. A bank that refused to renew an operating line without compliant statements 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 separated personal and corporate spending, cleared the shareholder loan through a documented salary and dividend mix, and restated the comparative year — 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 $53,000 a year while removing the exposure the old one carried.
Case Study 3 · Records and systems rebuilt
9 Months Reconciled And $18,500 Of Input Tax Recovered — Two-Partner Engineering Firm, Moncton
Client: A two-partner engineering firm · Where: Moncton, New Brunswick · Engagement: 11 weeks, fixed fee
Months reconciled9
Input tax recovered$18,500
Close time8 days
The situation
A two-partner engineering firm in Moncton, New Brunswick was carrying year-end statements that arrived four months late and never tied to the bank. 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 rebuilt the trial balance from source documents, reconciled every bank and credit-card account, and issued a CSRS 4200 compilation with a proper basis-of-accounting note, then set the routine that keeps it clean.
The result
9 months reconciled to the bank. The close now takes 8 days, and $18,500 of previously unclaimable input tax was recovered in the process.
Case Study 4 · Scaling without breaking
Growth Handled Without A Missed Filing, $56,000 Freed — Boutique Fitness Studio Group, Saskatoon
Client: A boutique fitness studio group · Where: Saskatoon, Saskatchewan · Engagement: 6 weeks, fixed fee
Cash freed$56,000
Compliance failuresNone
ReportingMonthly
The situation
A boutique fitness studio group in Saskatoon, Saskatchewan was opening in a second province — different filing obligations, a different payroll regime, and inter-company balances between two related corporations that had never been reconciled already in the file.
What we did
We set a monthly close calendar with a fixed cut-off, so the year-end became a review of work already done rather than a twelve-month rebuild and put monthly reporting in place so the owner could see the cash effect of growth while there was still time to act on it.
The result
Growth was absorbed without a compliance failure. $56,000 of cash was released, and the monthly reporting now flags a problem while it is still small.
Case Study 5 · Sale and succession
$610,000 Sheltered By The Lifetime Capital Gains Exemption — Growing Landscaping Company, Calgary
Client: A growing landscaping company · Where: Calgary, Alberta · Engagement: 8 weeks, fixed fee
Gain sheltered$610,000
ClosingOn schedule
Share qualificationMet
The situation
A growing landscaping company in Calgary, Alberta had an offer on the table and 33 months to close. The shares did not qualify for the capital gains exemption, and a shareholder loan balance that would have been picked up as income on closing was part of the reason.
What we did
We purified the corporation so the shares met the qualifying tests, then reconciled the inter-company accounts, papered the arrangement with a written agreement, and aligned both corporations’ year-ends well ahead of the closing date.
The result
The sale closed on schedule with $610,000 sheltered by the lifetime capital gains exemption across the shareholders.
Case Study 6 · Objection and relief
Desk-Review Assessment Of $119,000 Vacated — Commercial Cleaning Contractor, Red Deer
Client: A commercial cleaning contractor · Where: Red Deer, Alberta · Engagement: 10 weeks, fixed fee
Assessment vacated$119,000
Supporting recordsNow on file
AccountCleared
The situation
A commercial cleaning contractor in Red Deer, Alberta was carrying $119,000 of penalties and interest arising from two sets of numbers — one in the accounting file, one the owner actually ran the business on, much of it accumulated during a period the CRA itself had delayed.
What we did
We separated personal and corporate spending, cleared the shareholder loan through a documented salary and dividend mix, and restated the comparative year and framed the relief application on the specific grounds the CRA guidelines recognise rather than on general hardship.
The result
The assessment was vacated. $119,000 came off the account, and the documentation now on file makes the same position straightforward to defend next time.
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.
