6 Multiple Rental Property Tax Return 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 multiple rental property tax return work, not a general example.
Case Study 1 · Structure rebuilt
Corporate Structure Rebuilt For $44,000 Of Annual Savings — Employee with Foreign Investment, Surrey
Client: An employee with foreign investment accounts · Where: Surrey, British Columbia · Engagement: 6 weeks, fixed fee
Saving per year$44,000
DocumentationComplete
Transfer basisRollover
The situation
The structure at an employee with foreign investment accounts in Surrey, British Columbia had been set up years earlier for a business that no longer existed, and a rental property reported without any capital cost allowance analysis had become expensive.
What we did
We carried the capital loss back against gains reported in the prior three years and generated a refund rather than a carry-forward balance. The reorganisation used the rollover provisions rather than a taxable transfer, so no tax fell due on the restructuring itself.
The result
$44,000 of annual saving, achieved on a tax-deferred basis. The minute book, elections and valuations are all in the file.
Case Study 2 · Records and systems rebuilt
Books Rebuilt From Source, $20,000 In Unclaimed Input Tax Found — Taxpayer with US-Source Dividends, Toronto
Client: A taxpayer with US-source dividends · Where: Toronto, Ontario · Engagement: 6 weeks, fixed fee
Unclaimed tax found$20,000
Records rebuilt25 months
ProcessDocumented
The situation
A taxpayer with US-source dividends in Toronto, Ontario could not answer basic questions about its own numbers, because three years of returns filed without the slips that had been mailed to an old address sat between the bank statements and the ledger.
What we did
We reset the medical expense claim window, transferred credits between spouses, and applied the tuition and disability amounts to the return that used them, then documented the process so the work does not depend on any one person remembering how it was done.
The result
Records rebuilt and reconciled, $20,000 recovered in input tax credits that the old file could not support, and a documented monthly process now in place.
Case Study 3 · Scaling without breaking
Second-Province Expansion Handled, $50,000 Of Cash Released — Commissioned Salesperson, Red Deer
Client: A commissioned salesperson · Where: Red Deer, Alberta · Engagement: 8 weeks, fixed fee
Cash released$50,000
New registrationsComplete on day one
Compliance gapsNone
The situation
Revenue at a commissioned salesperson in Red Deer, Alberta was up sharply and cash was tighter than ever. Underneath it sat RRSP room accumulated over eight years and never used in a high-income year.
What we did
We pulled the full slip history from the CRA record, refiled the affected years by adjustment request, and recovered the credits that had been missed. Every new obligation — registration, remittance frequency, provincial filing — was set up before it was triggered, not after.
The result
$50,000 of cash was released from the working capital cycle, and the expansion completed with every registration and filing obligation covered from day one.
Case Study 4 · Objection and relief
$13,500 Of Penalties And Interest Cancelled On Relief — First-Time Home Buyer, Halifax
Client: A first-time home buyer · Where: Halifax, Nova Scotia · Engagement: 6 weeks, fixed fee
Penalties and interest cancelled$13,500
Relief groundsAccepted
AssessmentAdjusted to filed position
The situation
An assessment of $13,500 landed at a first-time home buyer in Halifax, Nova Scotia following a desk review. The auditor had not seen the records behind medical expenses claimed on a calendar-year basis when a shifted window was worth far more.
What we did
We filed the outstanding T1135 disclosures under the voluntary disclosure route before the CRA raised them, then set out the legislative basis for the position alongside the documents supporting it.
The result
$13,500 of penalties and interest was cancelled under the taxpayer relief provisions, and the underlying assessment was adjusted to match the filed position.
Case Study 5 · Cash and remittance control
Remittance Schedule Corrected, $42,000 Refunded — Physician in Their First, Calgary
Client: A physician in their first year of practice · Where: Calgary, Alberta · Engagement: 3 weeks, fixed fee
Overpayment refunded$42,000
Late remittances sinceZero
ScheduleAutomated
The situation
Remittances at a physician in their first year of practice in Calgary, Alberta were consistently late by a few days, which was enough to trigger penalties every quarter. Behind it sat foreign accounts that had crossed the T1135 threshold two years earlier.
What we did
We carried the capital loss back against gains reported in the prior three years and generated a refund rather than a carry-forward balance, then moved the remittance dates into a scheduled process rather than a monthly decision.
The result
Penalties stopped from the following remittance onwards, and $42,000 of overpaid instalments was refunded.
Case Study 6 · CRA review defended
$105,000 Proposed Adjustment Withdrawn In Full — Two-Income Household with Rental, Victoria
Client: A two-income household with rental property · Where: Victoria, British Columbia · Engagement: 5 weeks, fixed fee
Adjustment withdrawn$105,000
File closed in5 weeks
Penalties assessedNone
The situation
A two-income household with rental property in Victoria, British Columbia received a proposal letter opening a review of multiple rental property tax return. The CRA had identified a rental property reported without any capital cost allowance analysis and proposed an adjustment of $105,000, with 30 days to respond.
What we did
We treated the response as an evidence exercise rather than an argument. We reset the medical expense claim window, transferred credits between spouses, and applied the tuition and disability amounts to the return that used them, then indexed every supporting document against the specific line the auditor had questioned.
The result
The proposed adjustment was withdrawn in full — all $105,000 of it. The file closed in 5 weeks with no change to the assessed amounts and no penalty.
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.
