6 Insolvency and Restructuring Tax Support 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 insolvency and restructuring tax support work, not a general example.
Case Study 1 · Planning that cut the bill
Remuneration Review Saved $52,000 Across Corporate And Personal Returns — Software Company Building a, Windsor
Client: A software company building a new platform · Where: Windsor, Ontario · Engagement: 5 weeks, fixed fee
Combined saving$52,000
ScopeCorporate + personal
Future yearsNo rework needed
The situation
Nothing was wrong at a software company building a new platform in Windsor, Ontario — the filings were on time and accurate. What they were not was planned. A SR&ED claim prepared eleven months after the fact with no contemporaneous records had never been reviewed.
What we did
We identified the eligible projects, documented the technological uncertainty and systematic investigation for each, and filed a claim that survived review without adjustment, and ran the numbers across both the corporate and personal returns so the saving was real rather than deferred into someone else's hands.
The result
$52,000 came off the combined corporate and personal tax bill, and the structure holds for future years without further work.
Case Study 2 · Deadline rescue
Filed On Time From A Standing Start, $117,000 Penalty Avoided — Manufacturer Developing a Production, Lethbridge
Client: A manufacturer developing a production process · Where: Lethbridge, Alberta · Engagement: 10 weeks, fixed fee
Penalty avoided$117,000
Turnaround10 weeks
FiledOn time
The situation
A manufacturer developing a production process in Lethbridge, Alberta came to us 10 weeks before its filing deadline with a claim filed at the 15% non-refundable rate when CCPC status supported 35% refundable. A late filing would have triggered a penalty of roughly $117,000 before interest.
What we did
We worked backwards from the deadline. We put contemporaneous tracking in place — project logs tied to time records — so the following year’s claim was defensible by construction, prioritising the items that actually gated the filing and deferring everything that did not.
The result
The return was filed on time and complete. The $117,000 penalty never arose, and the compliance calendar we set means the next deadline is scheduled rather than discovered.
Case Study 3 · Backlog brought current
Collections Halted And $141,000 Cut From A 3-Year Backlog — Food Producer Reformulating Its, Edmonton
Client: A food producer reformulating its product line · Where: Edmonton, Alberta · Engagement: 6 weeks, fixed fee
Balance reduced by$141,000
Backlog cleared3 years
CollectionsHalted
The situation
By the time a food producer reformulating its product line in Edmonton, Alberta called, 3 years were outstanding and the CRA had assessed on estimates. Underneath it sat a provincial credit left unclaimed alongside a successful federal SR&ED claim.
What we did
We reconstructed the records year by year and confirmed CCPC status and refiled at the enhanced 35% refundable rate. Each filing replaced an arbitrary assessment with a real one.
The result
The account is current. Filing on real numbers rather than CRA estimates reduced the balance by $141,000, and a relief application addressed part of the accumulated interest.
Case Study 4 · CRA review defended
Audit Defence Closed In 4 Weeks, $115,000 Cleared — Engineering Firm Solving a, Halifax
Client: An engineering firm solving a technical uncertainty · Where: Halifax, Nova Scotia · Engagement: 4 weeks, fixed fee
Proposed tax cleared$115,000
Review duration4 weeks
OutcomeNo change
The situation
An engineering firm solving a technical uncertainty in Halifax, Nova Scotia was selected for review after a filing deadline missed by three weeks, extinguishing the entire claim showed up in the CRA's automated matching. The proposed adjustment on insolvency and restructuring tax support came to $115,000.
What we did
We layered the applicable provincial credit onto the federal claim in the same filing. 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. $115,000 of proposed tax came off the table, and the documentation now in place makes the next review a short one.
Case Study 5 · Cash and remittance control
$21,000 Of Working Capital Freed From The Tax Cycle — Clean-Technology Startup, Regina
A clean-technology startup in Regina, Saskatchewan was profitable on paper and short of cash every month. Eligible development work never claimed because nobody thought it counted as research explained most of the gap.
What we did
We identified the eligible projects, documented the technological uncertainty and systematic investigation for each, and filed a claim that survived review without adjustment and built a thirteen-week cash view so tax payments stopped competing with payroll for the same dollars.
The result
$21,000 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 6 · Objection and relief
Notice Of Objection Allowed In Full, $80,000 Reversed — Medical Device Developer, Moncton
Client: A medical device developer · Where: Moncton, New Brunswick · Engagement: 8 weeks, fixed fee
Amount reversed$80,000
ObjectionAllowed in full
Account balanceNil
The situation
A medical device developer in Moncton, New Brunswick had been reassessed for $80,000 and had 17 days left on the objection deadline. The reassessment rested on a SR&ED claim prepared eleven months after the fact with no contemporaneous records.
What we did
We filed the objection inside the deadline with a complete submission rather than a placeholder, and put contemporaneous tracking in place — project logs tied to time records — so the following year’s claim was defensible by construction.
The result
The appeals officer allowed the objection in full. $80,000 was reversed and the account returned to a nil balance.
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.
