6 Multi-Entity Consolidated Reporting 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 multi-entity consolidated reporting work, not a general example.
Case Study 1 · Missed incentive claimed
Incentive Review Recovered $15,000 Across 5 Open Years — Construction Company Bidding Larger, Barrie
Client: A construction company bidding larger contracts · Where: Barrie, Ontario · Engagement: 5 weeks, fixed fee
Recovered$15,000
Open years claimed5
Ongoing trackingIn place
The situation
An incentive review at a construction company bidding larger contracts in Barrie, Ontario started from a simple question: what has never been claimed? The answer ran to 5 years, driven by a growth plan with no forecast behind it and no financing lined up.
What we did
We modelled the covenant ratios monthly and restructured the debt before the next test date rather than after it, documenting eligibility to the standard a reviewer would apply rather than the standard a claim form requires.
The result
The credits produced $15,000 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 2 · Sale and succession
Share Sale Restructured, $495,000 Less Tax On Closing — Clinic Group Acquiring a, Mississauga
Client: A clinic group acquiring a competitor · Where: Mississauga, Ontario · Engagement: 9 weeks, fixed fee
Tax saved on closing$495,000
PriceAs agreed
Post-closing adjustmentsNone
The situation
A clinic group acquiring a competitor in Mississauga, Ontario was preparing to sell. Due diligence surfaced passive assets sitting inside the operating company, disqualifying the shares, which would have reduced the price or killed the deal outright.
What we did
We cleaned up the historical file, rebuilt the reporting around gross margin by service line, which showed two of five offerings were losing money at the current price, and prepared the due-diligence package the buyer's advisers actually asked for.
The result
The deal closed at the agreed price. $495,000 of tax was saved against the structure originally proposed, with no post-closing adjustment.
Case Study 3 · Backlog brought current
5 Years Filed, $25,500 Removed From The Assessed Balance — Mid-Sized Professional Services Firm, Saskatoon
Client: A mid-sized professional services firm · Where: Saskatoon, Saskatchewan · Engagement: 5 weeks, fixed fee
Years filed5
Assessed balance removed$25,500
CollectionsStopped
The situation
A mid-sized professional services firm in Saskatoon, Saskatchewan had not filed for 5 years. The CRA had issued arbitrary assessments, and the business was carrying pricing set by feel, with no visibility into margin by service line 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 built a rolling thirteen-week cash-flow model, tightened collections, and renegotiated supplier terms so the growth stopped consuming the bank balance, 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 $25,500 of the estimated balance came off, with a payment arrangement covering the rest.
Case Study 4 · Structure rebuilt
Corporate Structure Rebuilt For $59,000 Of Annual Savings — Professional Practice Adding Partners, Victoria
Client: A professional practice adding partners · Where: Victoria, British Columbia · Engagement: 9 weeks, fixed fee
Saving per year$59,000
DocumentationComplete
Transfer basisRollover
The situation
The structure at a professional practice adding partners in Victoria, British Columbia had been set up years earlier for a business that no longer existed, and a growth plan with no forecast behind it and no financing lined up had become expensive.
What we did
We produced a board-ready monthly package — cash, margin, pipeline and covenant headroom — that replaced a spreadsheet nobody trusted. The reorganisation used the rollover provisions rather than a taxable transfer, so no tax fell due on the restructuring itself.
The result
$59,000 of annual saving, achieved on a tax-deferred basis. The minute book, elections and valuations are all in the file.
Case Study 5 · Objection and relief
$61,000 Of Penalties And Interest Cancelled On Relief — Distributor Entering a Second, Toronto
Client: A distributor entering a second province · Where: Toronto, Ontario · Engagement: 8 weeks, fixed fee
Penalties and interest cancelled$61,000
Relief groundsAccepted
AssessmentAdjusted to filed position
The situation
An assessment of $61,000 landed at a distributor entering a second province in Toronto, Ontario following a desk review. The auditor had not seen the records behind a covenant breach discovered only when the bank called.
What we did
We modelled the covenant ratios monthly and restructured the debt before the next test date rather than after it, then set out the legislative basis for the position alongside the documents supporting it.
The result
$61,000 of penalties and interest was cancelled under the taxpayer relief provisions, and the underlying assessment was adjusted to match the filed position.
Case Study 6 · Deadline rescue
$76,000 Late-Filing Penalty Cancelled On Relief Application — Family Business Planning Succession, Hamilton
Client: A family business planning succession · Where: Hamilton, Ontario · Engagement: 4 weeks, fixed fee
Penalty cancelled$76,000
Relief applicationGranted
ReturnAccepted as filed
The situation
A family business planning succession in Hamilton, Ontario had already missed one deadline and was about to miss a second. Behind it sat revenue up 40% year over year and a bank balance that kept falling, and a penalty of $76,000 was accruing.
What we did
We split the work into what had to happen before the deadline and what could follow it, then rebuilt the reporting around gross margin by service line, which showed two of five offerings were losing money at the current price.
The result
The outstanding return was accepted as filed, and the taxpayer relief application cancelled $76,000 of the penalty already assessed on the earlier year.
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.
