6 Corporate Tax Schedule Preparation 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 corporate tax schedule preparation work, not a general example.
Case Study 1 · Records and systems rebuilt
Month-End Close Cut From 6 Weeks To 10 Days — Import and Distribution Corporation, Kelowna
Client: An import and distribution corporation · Where: Kelowna, British Columbia · Engagement: 3 weeks, fixed fee
Close time before6 weeks
Close time after10 days
Year-endReview, not rebuild
The situation
The accounting file at an import and distribution corporation in Kelowna, British Columbia was built on a small business limit quietly shared across three associated corporations nobody had mapped. The year-end had taken 6 weeks each of the last three years.
What we did
We modelled salary against dividends across both the corporation and the shareholder’s personal return, then set the remuneration mix for the year 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 10 days instead of 6 weeks, and the year-end is a review rather than a reconstruction.
Case Study 2 · Missed incentive claimed
$61,000 In Credits Claimed That Prior Filings Had Missed — Second-Generation Family Manufacturer, Red Deer
Client: A second-generation family manufacturer · Where: Red Deer, Alberta · Engagement: 10 weeks, fixed fee
Credits claimed$61,000
Years adjusted7
Review outcomeNo adjustment
The situation
A second-generation family manufacturer in Red Deer, Alberta had been filing for 7 years without ever claiming the incentives its activity qualified for. Behind that sat two corporations under common control filing as if each had its own $500,000 limit.
What we did
We tested each activity against the eligibility criteria rather than the description on the invoice, then mapped the association rules across the group, allocated the business limit deliberately on Schedule 23, and corrected the prior year by adjustment request.
The result
$61,000 in credits claimed, with the open prior years adjusted as well. The claim passed review without adjustment.
Case Study 3 · Deadline rescue
3-Week Turnaround Beat The Deadline And Saved $40,000 — Technology CCPC Approaching Its, London
Client: A technology CCPC approaching its first profitable year · Where: London, Ontario · Engagement: 3 weeks, fixed fee
Late-filing penalty avoided$40,000
Filed with13 days to spare
Next yearPapers ready
The situation
With the deadline for corporate tax schedule preparation weeks away, a technology CCPC approaching its first profitable year in London, Ontario was carrying two corporations under common control filing as if each had its own $500,000 limit. The exposure if the date slipped was around $40,000.
What we did
We moved passive holdings into a separate structure so the operating company’s small business limit stopped grinding down. The filing went in complete rather than provisional, so there was no amended return to follow.
The result
Filed with 13 days to spare. $40,000 in late-filing penalties avoided, and the working papers are ready for the following year.
Case Study 4 · CRA review defended
Audit Defence Closed In 9 Weeks, $54,000 Cleared — Holding Company and Its, Winnipeg
Client: A holding company and its operating subsidiary · Where: Winnipeg, Manitoba · Engagement: 9 weeks, fixed fee
Proposed tax cleared$54,000
Review duration9 weeks
OutcomeNo change
The situation
A holding company and its operating subsidiary in Winnipeg, Manitoba was selected for review after a balance-due date the owner believed was the same as the filing date showed up in the CRA's automated matching. The proposed adjustment on corporate tax schedule preparation came to $54,000.
What we did
We rebuilt the instalment schedule off the current year rather than the prior year, ending the interest accrual. 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. $54,000 of proposed tax came off the table, and the documentation now in place makes the next review a short one.
Case Study 5 · Objection and relief
Desk-Review Assessment Of $50,000 Vacated — Incorporated Consultancy, Calgary
Client: An incorporated consultancy · Where: Calgary, Alberta · Engagement: 4 weeks, fixed fee
Assessment vacated$50,000
Supporting recordsNow on file
AccountCleared
The situation
An incorporated consultancy in Calgary, Alberta was carrying $50,000 of penalties and interest arising from passive investment income that had crossed the $50,000 grind threshold unnoticed, much of it accumulated during a period the CRA itself had delayed.
What we did
We modelled salary against dividends across both the corporation and the shareholder’s personal return, then set the remuneration mix for the 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. $50,000 came off the account, and the documentation now on file makes the same position straightforward to defend next time.
Case Study 6 · Scaling without breaking
Second-Province Expansion Handled, $101,000 Of Cash Released — CCPC with Two Shareholders, Barrie
Client: A CCPC with two shareholders · Where: Barrie, Ontario · Engagement: 11 weeks, fixed fee
Cash released$101,000
New registrationsComplete on day one
Compliance gapsNone
The situation
Revenue at a CCPC with two shareholders in Barrie, Ontario was up sharply and cash was tighter than ever. Underneath it sat a small business limit quietly shared across three associated corporations nobody had mapped.
What we did
We mapped the association rules across the group, allocated the business limit deliberately on Schedule 23, and corrected the prior year by adjustment request. Every new obligation — registration, remittance frequency, provincial filing — was set up before it was triggered, not after.
The result
$101,000 of cash was released from the working capital cycle, and the expansion completed with every registration and filing obligation covered from day one.
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.
