6 worked Share Issuance Record Support case studies — the position a client typically comes to us with, what we do, and what it is worth. Each is an illustrative example built on the rules that apply to share issuance record support work, not a specific client's file.
Case Study 1 · Missed incentive claimed
$59,000 Credit Claim Filed And Accepted Without Adjustment — New Program Registrant, Lethbridge
Client: A corporation registering its CRA program accounts · Where: Lethbridge, Alberta · Engagement: 6 weeks, fixed fee
Claim value$59,000
AcceptedWithout adjustment
RepeatableAnnually
The situation — A corporation registering its CRA program accounts, Lethbridge, Alberta
A corporation registering its CRA program accounts in Lethbridge, Alberta assumed the credits did not apply to a business its size. A December 31 year-end chosen by default that put the balance due at the worst point in the cash cycle meant they had applied all along.
What we did for A corporation registering its CRA program accounts, Lethbridge, Alberta
We identified the qualifying activity and built the documentation to support it. Then we opened the register of individuals with significant control and put its review on the same annual cycle as the corporate annual return.
The result — A corporation registering its CRA program accounts, Lethbridge, Alberta
$59,000 recovered. Because the eligibility analysis is on file, the same claim can be repeated each year with a fraction of the effort.
Client: A contractor incorporating for liability reasons · Where: Edmonton, Alberta · Engagement: 6 weeks, fixed fee
Proposed tax cleared$67,000
Review duration6 weeks
OutcomeNo change
The situation — A contractor incorporating for liability reasons, Edmonton, Alberta
A contractor incorporating for liability reasons in Edmonton, Alberta was selected for review. A corporation dissolved administratively for missed annual returns while still operating had shown up in the CRA's automated matching. The proposed adjustment on share issuance record support came to $67,000.
What we did for A contractor incorporating for liability reasons, Edmonton, Alberta
We reconstructed the minute book with resolutions for each historical dividend and share transaction. Every figure in the response traced to a source record the auditor could verify without asking a second question.
The result — A contractor incorporating for liability reasons, Edmonton, Alberta
The review closed with no change. $67,000 of proposed tax came off the table, and the documentation now in place makes the next review a short one.
Case Study 3 · Scaling without breaking
Growth Handled Without A Missed Filing, $112,000 Freed — New Professional Corporation, Halifax
Client: A professional forming a professional corporation · Where: Halifax, Nova Scotia · Engagement: 4 weeks, fixed fee
Cash freed$112,000
Compliance failuresNone
ReportingMonthly
The situation — A professional forming a professional corporation, Halifax, Nova Scotia
A professional forming a professional corporation in Halifax, Nova Scotia was opening in a second province. That meant different filing obligations and a different payroll regime. A single class of common shares that made income splitting impossible already sat in the file.
What we did for A professional forming a professional corporation, Halifax, Nova Scotia
We separated the corporate registry deadlines from the CRA deadlines on one calendar, with a named person responsible for each. We then put monthly reporting in place. That let the owner see the cash effect of growth while there was still time to act on it.
The result — A professional forming a professional corporation, Halifax, Nova Scotia
Growth was absorbed without a compliance failure. $112,000 of cash was released, and the monthly reporting now flags a problem while it is still small.
Case Study 4 · Planning that cut the bill
Remuneration Review Saved $28,000 Across Corporate And Personal Returns — Holding Structure Founder, Regina
Client: A founder setting up a holding structure · Where: Regina, Saskatchewan · Engagement: 11 weeks, fixed fee
Combined saving$28,000
ScopeCorporate + personal
Future yearsNo rework needed
The situation — A founder setting up a holding structure, Regina, Saskatchewan
Nothing was wrong at a founder setting up a holding structure in Regina, Saskatchewan. The filings were on time and accurate. What they were not was planned. A register of individuals with significant control that had never been opened, let alone updated had never been reviewed.
What we did for A founder setting up a holding structure, Regina, Saskatchewan
We tested each intended dividend recipient against the excluded-amount tests before any dividend was declared, and recorded which test was being relied on. We 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 — A founder setting up a holding structure, Regina, Saskatchewan
$28,000 came off the combined corporate and personal tax bill, and the structure holds for future years without further work.
Case Study 5 · Cash and remittance control
Instalments Rebased, $21,500 Of Cash Returned To The Business — Extra-Provincial Registrant, Moncton
Client: An owner registering extra-provincially in a second province · Where: Moncton, New Brunswick · Engagement: 10 weeks, fixed fee
Cash returned$21,500
Instalment basisCurrent year
ReviewedQuarterly
The situation — An owner registering extra-provincially in a second province, Moncton, New Brunswick
An owner registering extra-provincially in a second province in Moncton, New Brunswick was paying instalments calculated on a prior year. That year no longer reflected the business. A December 31 year-end chosen by default that put the balance due at the worst point in the cash cycle was tying up $21,500 of cash.
What we did for An owner registering extra-provincially in a second province, Moncton, New Brunswick
We rebased the instalments on the current-year estimate rather than the prior-year default. Alongside that, 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.
The result — An owner registering extra-provincially in a second province, Moncton, New Brunswick
$21,500 of cash stayed in the business, the penalty cycle ended, and the instalment position is reviewed each quarter against actual results.
Case Study 6 · Records and systems rebuilt
Books Rebuilt From Source, $8,500 In Unclaimed Input Tax Found — Newly Formed Corporation, Toronto
Client: A corporation choosing its first fiscal year-end · Where: Toronto, Ontario · Engagement: 3 weeks, fixed fee
Unclaimed tax found$8,500
Records rebuilt12 months
ProcessDocumented
The situation — A corporation choosing its first fiscal year-end, Toronto, Ontario
A corporation choosing its first fiscal year-end in Toronto, Ontario could not answer basic questions about its own numbers. GST/HST collected for eight months before the RT account was ever opened sat between the bank statements and the ledger.
What we did for A corporation choosing its first fiscal year-end, Toronto, Ontario
We filed the change of registered office and the director changes, so registry correspondence reached someone who read it. We then documented the process so the work does not depend on any one person remembering how it was done.
The result — A corporation choosing its first fiscal year-end, Toronto, Ontario
Records rebuilt and reconciled, $8,500 recovered in input tax credits that the old file could not support, and a documented monthly process now in place.
Reviewed by Udit Gupta, Founder and Tax Accountant for the 2025 tax year. These case studies are illustrative worked examples composed from the CRA rules that apply to this type of work, not specific client files; figures are representative and outcomes depend on your own facts.
