6 worked Financial Projections 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 financial projections work, not a specific client's file.
Case Study 1 · Records and systems rebuilt
Books Rebuilt From Source, $10,000 In Unclaimed Input Tax Found — Fast-Growing E-Commerce Brand, Winnipeg
The situation — A fast-growing e-commerce brand, Winnipeg, Manitoba
A fast-growing e-commerce brand in Winnipeg, Manitoba could not answer basic questions about its own numbers. A growth plan with no forecast behind it and no financing lined up sat between the bank statements and the ledger.
What we did for A fast-growing e-commerce brand, Winnipeg, Manitoba
We separated customer prepayments from earned revenue in the reporting, so the cash position and the tax position were visible at the same time. We then documented the process so the work does not depend on any one person remembering how it was done.
The result — A fast-growing e-commerce brand, Winnipeg, Manitoba
Records rebuilt and reconciled, $10,000 recovered in input tax credits that the old file could not support, and a documented monthly process now in place.
Case Study 2 · Sale and succession
Share Sale Restructured, $830,000 Less Tax On Closing — Second-Province Distributor, Kitchener
Client: A distributor entering a second province · Where: Kitchener, Ontario · Engagement: 7 weeks, fixed fee
Tax saved on closing$830,000
PriceAs agreed
Post-closing adjustmentsNone
The situation — A distributor entering a second province, Kitchener, Ontario
A distributor entering a second province in Kitchener, Ontario was preparing to sell. Due diligence surfaced a single shareholder holding every share, with no room to multiply the exemption. That would have reduced the price or killed the deal outright.
What we did for A distributor entering a second province, Kitchener, Ontario
We cleaned up the historical file. We set a quarterly tax provision, so the instalments and the year-end balance were funded before they came due. Then we prepared the due-diligence package the buyer's advisers actually asked for.
The result — A distributor entering a second province, Kitchener, Ontario
The deal closed at the agreed price. $830,000 of tax was saved against the structure originally proposed, with no post-closing adjustment.
Case Study 3 · Cash and remittance control
$76,000 Of Working Capital Freed From The Tax Cycle — Owner Without a Forecast, Toronto
Client: An owner running the business without a cash-flow forecast · Where: Toronto, Ontario · Engagement: 6 weeks, fixed fee
Working capital freed$76,000
On-time remittancesEvery period since
Forecast horizon13 weeks
The situation — An owner running the business without a cash-flow forecast, Toronto, Ontario
An owner running the business without a cash-flow forecast in Toronto, Ontario was profitable on paper and short of cash every month. A borrowing drawn for an unrelated personal purchase with the interest claimed against the business explained most of the gap.
What we did for An owner running the business without a cash-flow forecast, Toronto, Ontario
We modelled the covenant ratios monthly and restructured the debt before the next test date rather than after it. We also built a thirteen-week cash view so tax payments stopped competing with payroll for the same dollars.
The result — An owner running the business without a cash-flow forecast, Toronto, Ontario
$76,000 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 4 · Backlog brought current
$96,000 Of Arbitrary Assessments Vacated After 4 Years — Mid-Sized Services Firm, Halifax
Client: A mid-sized professional services firm · Where: Halifax, Nova Scotia · Engagement: 11 weeks, fixed fee
Arbitrary tax vacated$96,000
Years brought current4
Account statusCurrent
The situation — A mid-sized professional services firm, Halifax, Nova Scotia
4 years of unfiled returns had turned into notional assessments at a mid-sized professional services firm in Halifax, Nova Scotia. Underneath lay a monthly report that stopped at the income statement, with no balance sheet and no cash view. Collections had already started.
What we did for A mid-sized professional services firm, Halifax, Nova Scotia
We traced each borrowing to what it actually funded and kept the interest deduction on the portion used to earn business income. We then filed every outstanding year in chronological order so the CRA could vacate the notional assessments cleanly.
The result — A mid-sized professional services firm, Halifax, Nova Scotia
All 4 years were accepted as filed. $96,000 of arbitrarily assessed tax was vacated, collections action stopped, and the account is current for the first time in 4 years.
Case Study 5 · Planning that cut the bill
$39,500 Cut From The Annual Tax Bill — Contractor Scaling Bids, Windsor
Client: A construction company bidding larger contracts · Where: Windsor, Ontario · Engagement: 4 weeks, fixed fee
First-year saving$39,500
RepeatsAnnually
Filing positionUnchanged in risk
The situation — A construction company bidding larger contracts, Windsor, Ontario
A construction company bidding larger contracts in Windsor, Ontario was compliant but paying more than it needed to. The prior year had been filed correctly. It still left revenue up 40% year over year and a bank balance that kept falling on the table.
What we did for A construction company bidding larger contracts, Windsor, Ontario
We modelled the current position against the alternatives before changing anything. Then we built a rolling thirteen-week cash-flow model, tightened collections, and renegotiated supplier terms so the growth stopped consuming the bank balance.
The result — A construction company bidding larger contracts, Windsor, Ontario
The change saved $39,500 in the first year and repeats annually. Nothing about the filings became more aggressive. The position is simply the one the rules already allowed.
Client: A technology company preparing to raise · Where: Mississauga, Ontario · Engagement: 7 weeks, fixed fee
Annual saving$71,000
ReorganisationTax-neutral
StructureMatches operations
The situation — A technology company preparing to raise, Mississauga, Ontario
The structure at a technology company preparing to raise in Mississauga, Ontario needed fixing. The file was carrying pricing set by feel, with no visibility into margin by service line. Every option for fixing it ran through a reorganisation that had to be done without triggering tax.
What we did for A technology company preparing to raise, Mississauga, Ontario
We worked with the client's lawyer. Together, we produced a board-ready monthly package — cash, margin, pipeline and covenant headroom — that replaced a spreadsheet nobody trusted. We also prepared the elections, resolutions and valuations the structure needed to stand up.
The result — A technology company preparing to raise, Mississauga, Ontario
The structure now matches the business. Annual saving of $71,000, and the reorganisation itself was tax-neutral.
Reviewed by Udit Gupta, Founder and Tax Accountant for the 2025 tax year. 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.
