6 Import-Export Account Registration 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 import-export account registration work, not a general example.
Case Study 1 · Missed incentive claimed
$17,500 In Credits Claimed That Prior Filings Had Missed — Founder Setting Up a, Winnipeg
Client: A founder setting up a holding structure · Where: Winnipeg, Manitoba · Engagement: 4 weeks, fixed fee
Credits claimed$17,500
Years adjusted5
Review outcomeNo adjustment
The situation
A founder setting up a holding structure in Winnipeg, Manitoba had been filing for 5 years without ever claiming the incentives its activity qualified for. Behind that sat dividends paid for three years with no directors’ resolutions behind them.
What we did
We tested each activity against the eligibility criteria rather than the description on the invoice, then revived the corporation, filed the outstanding annual returns, and set a compliance calendar covering both the corporate registry and the CRA.
The result
$17,500 in credits claimed, with the open prior years adjusted as well. The claim passed review without adjustment.
Case Study 2 · Records and systems rebuilt
17 Months Reconciled And $14,500 Of Input Tax Recovered — Corporation Reviving After Administrative, Mississauga
Client: A corporation reviving after administrative dissolution · Where: Mississauga, Ontario · Engagement: 4 weeks, fixed fee
Months reconciled17
Input tax recovered$14,500
Close time7 days
The situation
A corporation reviving after administrative dissolution in Mississauga, Ontario was carrying GST/HST collected for eight months before the RT account was ever opened. Nothing reconciled, and every filing started with 17 months of cleanup.
What we did
We rebuilt from source rather than correcting on top of the existing file. 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, then set the routine that keeps it clean.
The result
17 months reconciled to the bank. The close now takes 7 days, and $14,500 of previously unclaimable input tax was recovered in the process.
Case Study 3 · Sale and succession
$190,000 Sheltered By The Lifetime Capital Gains Exemption — Family Business Adding a, Toronto
Client: A family business adding a second class of shares · Where: Toronto, Ontario · Engagement: 4 weeks, fixed fee
Gain sheltered$190,000
ClosingOn schedule
Share qualificationMet
The situation
A family business adding a second class of shares in Toronto, Ontario had an offer on the table and 34 months to close. The shares did not qualify for the capital gains exemption, and passive assets sitting inside the operating company, disqualifying the shares was part of the reason.
What we did
We purified the corporation so the shares met the qualifying tests, then reconstructed the minute book with resolutions for each historical dividend and share transaction well ahead of the closing date.
The result
The sale closed on schedule with $190,000 sheltered by the lifetime capital gains exemption across the shareholders.
Client: A trades business incorporating provincially · Where: Kelowna, British Columbia · Engagement: 8 weeks, fixed fee
Overpayment refunded$26,000
Late remittances sinceZero
ScheduleAutomated
The situation
Remittances at a trades business incorporating provincially in Kelowna, British Columbia were consistently late by a few days, which was enough to trigger penalties every quarter. Behind it sat a December 31 year-end chosen by default that put the balance due at the worst point in the cash cycle.
What we did
We restructured the share capital so dividends could be directed deliberately, respecting the TOSI rules, then moved the remittance dates into a scheduled process rather than a monthly decision.
The result
Penalties stopped from the following remittance onwards, and $26,000 of overpaid instalments was refunded.
Case Study 5 · Backlog brought current
3 Years Filed, $38,500 Removed From The Assessed Balance — Consultant Incorporating After Two, Windsor
Client: A consultant incorporating after two years of self-employment · Where: Windsor, Ontario · Engagement: 7 weeks, fixed fee
Years filed3
Assessed balance removed$38,500
CollectionsStopped
The situation
A consultant incorporating after two years of self-employment in Windsor, Ontario had not filed for 3 years. The CRA had issued arbitrary assessments, and the business was carrying dividends paid for three years with no directors’ resolutions behind them 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 revived the corporation, filed the outstanding annual returns, and set a compliance calendar covering both the corporate registry and the CRA, 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 $38,500 of the estimated balance came off, with a payment arrangement covering the rest.
Case Study 6 · Planning that cut the bill
$35,000 Saved By Correcting What Prior Filings Had Missed — Startup Preparing for Its, Kitchener
Client: A startup preparing for its first investment round · Where: Kitchener, Ontario · Engagement: 9 weeks, fixed fee
Saving identified$35,000
RecurringYes
Positions documentedAll
The situation
A startup preparing for its first investment round in Kitchener, Ontario asked for a second opinion on import-export account registration after three years of rising tax. The review found a single class of common shares that made income splitting impossible.
What we did
We built the comparison first — current structure against two alternatives — and then selected a year-end that put the balance-due date after the seasonal cash peak, then registered every program account the business actually needed.
The result
First-year saving of $35,000, with the same benefit recurring. Every position taken is documented and supported in the file.
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.
