6 Numbered 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 numbered corporation registration work, not a general example.
Case Study 1 · Backlog brought current
7 Years Filed, $133,000 Removed From The Assessed Balance — Professional Forming a Professional, London
Client: A professional forming a professional corporation · Where: London, Ontario · Engagement: 5 weeks, fixed fee
Years filed7
Assessed balance removed$133,000
CollectionsStopped
The situation
A professional forming a professional corporation in London, Ontario had not filed for 7 years. The CRA had issued arbitrary assessments, and the business was carrying a December 31 year-end chosen by default that put the balance due at the worst point in the cash cycle 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 selected a year-end that put the balance-due date after the seasonal cash peak, then registered every program account the business actually needed, 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 $133,000 of the estimated balance came off, with a payment arrangement covering the rest.
Case Study 2 · Records and systems rebuilt
Books Rebuilt From Source, $14,500 In Unclaimed Input Tax Found — Partnership Converting to a, Vancouver
Client: A partnership converting to a corporation · Where: Vancouver, British Columbia · Engagement: 7 weeks, fixed fee
Unclaimed tax found$14,500
Records rebuilt14 months
ProcessDocumented
The situation
A partnership converting to a corporation in Vancouver, British Columbia could not answer basic questions about its own numbers, because a single class of common shares that made income splitting impossible sat between the bank statements and the ledger.
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, 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, $14,500 recovered in input tax credits that the old file could not support, and a documented monthly process now in place.
Case Study 3 · CRA review defended
$134,000 Proposed Adjustment Withdrawn In Full — Startup Preparing for Its, Victoria
Client: A startup preparing for its first investment round · Where: Victoria, British Columbia · Engagement: 11 weeks, fixed fee
Adjustment withdrawn$134,000
File closed in11 weeks
Penalties assessedNone
The situation
A startup preparing for its first investment round in Victoria, British Columbia received a proposal letter opening a review of numbered corporation registration. The CRA had identified a corporation dissolved administratively for missed annual returns while still operating and proposed an adjustment of $134,000, with 30 days to respond.
What we did
We treated the response as an evidence exercise rather than an argument. We restructured the share capital so dividends could be directed deliberately, respecting the TOSI rules, then indexed every supporting document against the specific line the auditor had questioned.
The result
The proposed adjustment was withdrawn in full — all $134,000 of it. The file closed in 11 weeks with no change to the assessed amounts and no penalty.
Case Study 4 · Structure rebuilt
Corporate Structure Rebuilt For $47,000 Of Annual Savings — Trades Business Incorporating Provincially, Surrey
Client: A trades business incorporating provincially · Where: Surrey, British Columbia · Engagement: 3 weeks, fixed fee
Saving per year$47,000
DocumentationComplete
Transfer basisRollover
The situation
The structure at a trades business incorporating provincially in Surrey, British Columbia had been set up years earlier for a business that no longer existed, and dividends paid for three years with no directors’ resolutions behind them had become expensive.
What we did
We reconstructed the minute book with resolutions for each historical dividend and share transaction. The reorganisation used the rollover provisions rather than a taxable transfer, so no tax fell due on the restructuring itself.
The result
$47,000 of annual saving, achieved on a tax-deferred basis. The minute book, elections and valuations are all in the file.
Case Study 5 · Cash and remittance control
$155,000 Of Working Capital Freed From The Tax Cycle — Corporation Reviving After Administrative, Lethbridge
Client: A corporation reviving after administrative dissolution · Where: Lethbridge, Alberta · Engagement: 9 weeks, fixed fee
Working capital freed$155,000
On-time remittancesEvery period since
Forecast horizon13 weeks
The situation
A corporation reviving after administrative dissolution in Lethbridge, Alberta was profitable on paper and short of cash every month. GST/HST collected for eight months before the RT account was ever opened explained most of the gap.
What we did
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 built a thirteen-week cash view so tax payments stopped competing with payroll for the same dollars.
The result
$155,000 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 · Missed incentive claimed
$38,000 In Credits Claimed That Prior Filings Had Missed — Family Business Adding a, Regina
Client: A family business adding a second class of shares · Where: Regina, Saskatchewan · Engagement: 4 weeks, fixed fee
Credits claimed$38,000
Years adjusted5
Review outcomeNo adjustment
The situation
A family business adding a second class of shares in Regina, Saskatchewan had been filing for 5 years without ever claiming the incentives its activity qualified for. Behind that sat a corporation dissolved administratively for missed annual returns while still operating.
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
$38,000 in credits claimed, with the open prior years adjusted as well. The claim passed review without adjustment.
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.
