6 Corporation Revival 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 corporation revival work, not a general example.
Case Study 1 · Deadline rescue
$143,000 Late-Filing Penalty Cancelled On Relief Application — Contractor Incorporating for Liability, Toronto
Client: A contractor incorporating for liability reasons · Where: Toronto, Ontario · Engagement: 7 weeks, fixed fee
Penalty cancelled$143,000
Relief applicationGranted
ReturnAccepted as filed
The situation
A contractor incorporating for liability reasons in Toronto, Ontario had already missed one deadline and was about to miss a second. Behind it sat GST/HST collected for eight months before the RT account was ever opened, and a penalty of $143,000 was accruing.
What we did
We split the work into what had to happen before the deadline and what could follow it, then reconstructed the minute book with resolutions for each historical dividend and share transaction.
The result
The outstanding return was accepted as filed, and the taxpayer relief application cancelled $143,000 of the penalty already assessed on the earlier year.
Case Study 2 · Cash and remittance control
$16,000 Of Working Capital Freed From The Tax Cycle — Professional Forming a Professional, Surrey
Client: A professional forming a professional corporation · Where: Surrey, British Columbia · Engagement: 7 weeks, fixed fee
Working capital freed$16,000
On-time remittancesEvery period since
Forecast horizon13 weeks
The situation
A professional forming a professional corporation in Surrey, British Columbia was profitable on paper and short of cash every month. Dividends paid for three years with no directors’ resolutions behind them explained most of the gap.
What we did
We restructured the share capital so dividends could be directed deliberately, respecting the TOSI rules and built a thirteen-week cash view so tax payments stopped competing with payroll for the same dollars.
The result
$16,000 was released back into working capital. Remittances have been on time every period since, and the forecast shows the tax outflow before it lands.
Case Study 3 · Scaling without breaking
Scaled To 28 Staff With $135,000 Of Working Capital Freed — Founder Setting Up a, Red Deer
Client: A founder setting up a holding structure · Where: Red Deer, Alberta · Engagement: 10 weeks, fixed fee
Headcount reached28
Working capital freed$135,000
Missed deadlinesZero
The situation
A founder setting up a holding structure in Red Deer, Alberta was growing fast — headcount to 28 in eighteen months — and the back office had not kept up. A corporation dissolved administratively for missed annual returns while still operating was the first thing to break.
What we did
We revived the corporation, filed the outstanding annual returns, and set a compliance calendar covering both the corporate registry and the CRA, and built the compliance calendar for the size the business was becoming rather than the size it had been.
The result
The business reached 28 staff with no missed remittance and no late filing. $135,000 of working capital was freed in the process.
Case Study 4 · Missed incentive claimed
Incentive Review Recovered $38,500 Across 6 Open Years — Corporation Reviving After Administrative, Calgary
Client: A corporation reviving after administrative dissolution · Where: Calgary, Alberta · Engagement: 8 weeks, fixed fee
Recovered$38,500
Open years claimed6
Ongoing trackingIn place
The situation
An incentive review at a corporation reviving after administrative dissolution in Calgary, Alberta started from a simple question: what has never been claimed? The answer ran to 6 years, driven by dividends paid for three years with no directors’ resolutions behind them.
What we did
We selected a year-end that put the balance-due date after the seasonal cash peak, then registered every program account the business actually needed, documenting eligibility to the standard a reviewer would apply rather than the standard a claim form requires.
The result
The credits produced $38,500 across the open years, and the tracking now in place means the following year's claim is documented as the work happens rather than reconstructed afterwards.
Case Study 5 · Backlog brought current
6 Years Filed, $118,000 Removed From The Assessed Balance — Family Business Adding a, Halifax
Client: A family business adding a second class of shares · Where: Halifax, Nova Scotia · Engagement: 8 weeks, fixed fee
Years filed6
Assessed balance removed$118,000
CollectionsStopped
The situation
A family business adding a second class of shares in Halifax, Nova Scotia had not filed for 6 years. The CRA had issued arbitrary assessments, and the business was carrying a December 31 year-end chosen by default that put the balance due at the worst point in the cash cycle 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 reconstructed the minute book with resolutions for each historical dividend and share transaction, 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 $118,000 of the estimated balance came off, with a payment arrangement covering the rest.
Case Study 6 · Objection and relief
$103,000 Of Penalties And Interest Cancelled On Relief — Trades Business Incorporating Provincially, Victoria
Client: A trades business incorporating provincially · Where: Victoria, British Columbia · Engagement: 3 weeks, fixed fee
Penalties and interest cancelled$103,000
Relief groundsAccepted
AssessmentAdjusted to filed position
The situation
An assessment of $103,000 landed at a trades business incorporating provincially in Victoria, British Columbia following a desk review. The auditor had not seen the records behind GST/HST collected for eight months before the RT account was ever opened.
What we did
We restructured the share capital so dividends could be directed deliberately, respecting the TOSI rules, then set out the legislative basis for the position alongside the documents supporting it.
The result
$103,000 of penalties and interest was cancelled under the taxpayer relief provisions, and the underlying assessment was adjusted to match the filed position.
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.
