6 Named Corporation 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 named corporation registration work, not a general example.
Case Study 1 · Planning that cut the bill
$40,000 Saved By Correcting What Prior Filings Had Missed — Founder Setting Up a, Surrey
Client: A founder setting up a holding structure · Where: Surrey, British Columbia · Engagement: 9 weeks, fixed fee
Saving identified$40,000
RecurringYes
Positions documentedAll
The situation
A founder setting up a holding structure in Surrey, British Columbia asked for a second opinion on named corporation 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 reconstructed the minute book with resolutions for each historical dividend and share transaction.
The result
First-year saving of $40,000, with the same benefit recurring. Every position taken is documented and supported in the file.
Case Study 2 · Structure rebuilt
Holding Structure Added, $21,000 Saved Annually — Partnership Converting to a, Brampton
Client: A partnership converting to a corporation · Where: Brampton, Ontario · Engagement: 7 weeks, fixed fee
Annual saving$21,000
ReorganisationTax-neutral
StructureMatches operations
The situation
A partnership converting to a corporation in Brampton, Ontario was carrying a December 31 year-end chosen by default that put the balance due at the worst point in the cash cycle, and every option for fixing it ran through a reorganisation that had to be done without triggering tax.
What we did
Working with the client's lawyer, 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 and prepared the elections, resolutions and valuations the structure needed to stand up.
The result
The structure now matches the business. Annual saving of $21,000, and the reorganisation itself was tax-neutral.
Case Study 3 · Scaling without breaking
Growth Handled Without A Missed Filing, $155,000 Freed — Consultant Incorporating After Two, Windsor
Client: A consultant incorporating after two years of self-employment · Where: Windsor, Ontario · Engagement: 7 weeks, fixed fee
Cash freed$155,000
Compliance failuresNone
ReportingMonthly
The situation
A consultant incorporating after two years of self-employment in Windsor, Ontario was opening in a second province — different filing obligations, a different payroll regime, and GST/HST collected for eight months before the RT account was ever opened already in the file.
What we did
We revived the corporation, filed the outstanding annual returns, and set a compliance calendar covering both the corporate registry and the CRA and put monthly reporting in place so the owner could see the cash effect of growth while there was still time to act on it.
The result
Growth was absorbed without a compliance failure. $155,000 of cash was released, and the monthly reporting now flags a problem while it is still small.
Case Study 4 · Objection and relief
$127,000 Of Penalties And Interest Cancelled On Relief — Corporation Reviving After Administrative, Lethbridge
Client: A corporation reviving after administrative dissolution · Where: Lethbridge, Alberta · Engagement: 9 weeks, fixed fee
Penalties and interest cancelled$127,000
Relief groundsAccepted
AssessmentAdjusted to filed position
The situation
An assessment of $127,000 landed at a corporation reviving after administrative dissolution in Lethbridge, Alberta following a desk review. The auditor had not seen the records behind dividends paid for three years with no directors’ resolutions behind them.
What we did
We restructured the share capital so dividends could be directed deliberately, respecting the TOSI rules, then set out the legislative basis for the position alongside the documents supporting it.
The result
$127,000 of penalties and interest was cancelled under the taxpayer relief provisions, and the underlying assessment was adjusted to match the filed position.
Case Study 5 · CRA review defended
$81,000 Proposed Adjustment Withdrawn In Full — Contractor Incorporating for Liability, Edmonton
Client: A contractor incorporating for liability reasons · Where: Edmonton, Alberta · Engagement: 4 weeks, fixed fee
Adjustment withdrawn$81,000
File closed in4 weeks
Penalties assessedNone
The situation
A contractor incorporating for liability reasons in Edmonton, Alberta received a proposal letter opening a review of named corporation registration. The CRA had identified a corporation dissolved administratively for missed annual returns while still operating and proposed an adjustment of $81,000, with 30 days to respond.
What we did
We treated the response as an evidence exercise rather than an argument. We reconstructed the minute book with resolutions for each historical dividend and share transaction, then indexed every supporting document against the specific line the auditor had questioned.
The result
The proposed adjustment was withdrawn in full — all $81,000 of it. The file closed in 4 weeks with no change to the assessed amounts and no penalty.
Case Study 6 · Deadline rescue
$145,000 Late-Filing Penalty Cancelled On Relief Application — Startup Preparing for Its, Halifax
Client: A startup preparing for its first investment round · Where: Halifax, Nova Scotia · Engagement: 7 weeks, fixed fee
Penalty cancelled$145,000
Relief applicationGranted
ReturnAccepted as filed
The situation
A startup preparing for its first investment round in Halifax, Nova Scotia had already missed one deadline and was about to miss a second. Behind it sat a single class of common shares that made income splitting impossible, and a penalty of $145,000 was accruing.
What we did
We split the work into what had to happen before the deadline and what could follow it, 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
The outstanding return was accepted as filed, and the taxpayer relief application cancelled $145,000 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.
