6 Shareholder Information 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 shareholder information reporting work, not a general example.
Case Study 1 · Cash and remittance control
Remittance Schedule Corrected, $22,500 Refunded — Import and Distribution Corporation, Mississauga
Client: An import and distribution corporation · Where: Mississauga, Ontario · Engagement: 11 weeks, fixed fee
Overpayment refunded$22,500
Late remittances sinceZero
ScheduleAutomated
The situation
Remittances at an import and distribution corporation in Mississauga, Ontario were consistently late by a few days, which was enough to trigger penalties every quarter. Behind it sat a small business limit quietly shared across three associated corporations nobody had mapped.
What we did
We moved passive holdings into a separate structure so the operating company’s small business limit stopped grinding down, then moved the remittance dates into a scheduled process rather than a monthly decision.
The result
Penalties stopped from the following remittance onwards, and $22,500 of overpaid instalments was refunded.
Case Study 2 · Sale and succession
Intergenerational Transfer Completed With $720,000 Deferred — Second-Generation Family Manufacturer, Moncton
Client: A second-generation family manufacturer · Where: Moncton, New Brunswick · Engagement: 9 weeks, fixed fee
Tax deferred$720,000
TransferCompleted
RecordsReview-ready
The situation
A generational transfer at a second-generation family manufacturer in Moncton, New Brunswick had been discussed for years without a plan. A single shareholder holding every share, with no room to multiply the exemption meant the transfer as contemplated would have been fully taxable.
What we did
We rebuilt the instalment schedule off the current year rather than the prior year, ending the interest accrual, sequencing the steps so each one was complete and documented before the next depended on it.
The result
$720,000 of tax was deferred through the transfer, and the successor generation took over a corporation whose records stood up to review.
Case Study 3 · Records and systems rebuilt
Month-End Close Cut From 12 Weeks To 4 Days — Technology CCPC Approaching Its, London
Client: A technology CCPC approaching its first profitable year · Where: London, Ontario · Engagement: 6 weeks, fixed fee
Close time before12 weeks
Close time after4 days
Year-endReview, not rebuild
The situation
The accounting file at a technology CCPC approaching its first profitable year in London, Ontario was built on retained earnings building in the operating company with no plan for extracting them. The year-end had taken 12 weeks each of the last three years.
What we did
We modelled salary against dividends across both the corporation and the shareholder’s personal return, then set the remuneration mix for the year and moved the reconciliations into the monthly cycle, so the year-end stopped being a rebuild.
The result
The file reconciles. Month-end closes in 4 days instead of 12 weeks, and the year-end is a review rather than a reconstruction.
Case Study 4 · Missed incentive claimed
$84,000 In Credits Claimed That Prior Filings Had Missed — Holding Company and Its, Edmonton
Client: A holding company and its operating subsidiary · Where: Edmonton, Alberta · Engagement: 10 weeks, fixed fee
Credits claimed$84,000
Years adjusted4
Review outcomeNo adjustment
The situation
A holding company and its operating subsidiary in Edmonton, Alberta had been filing for 4 years without ever claiming the incentives its activity qualified for. Behind that sat a small business limit quietly shared across three associated corporations nobody had mapped.
What we did
We tested each activity against the eligibility criteria rather than the description on the invoice, then mapped the association rules across the group, allocated the business limit deliberately on Schedule 23, and corrected the prior year by adjustment request.
The result
$84,000 in credits claimed, with the open prior years adjusted as well. The claim passed review without adjustment.
Case Study 5 · Deadline rescue
Filed On Time From A Standing Start, $127,000 Penalty Avoided — Incorporated Consultancy, Barrie
An incorporated consultancy in Barrie, Ontario came to us 5 weeks before its filing deadline with two corporations under common control filing as if each had its own $500,000 limit. A late filing would have triggered a penalty of roughly $127,000 before interest.
What we did
We worked backwards from the deadline. We moved passive holdings into a separate structure so the operating company’s small business limit stopped grinding down, prioritising the items that actually gated the filing and deferring everything that did not.
The result
The return was filed on time and complete. The $127,000 penalty never arose, and the compliance calendar we set means the next deadline is scheduled rather than discovered.
Case Study 6 · CRA review defended
$98,000 Proposed Adjustment Withdrawn In Full — CCPC with Two Shareholders, Burnaby
Client: A CCPC with two shareholders · Where: Burnaby, British Columbia · Engagement: 11 weeks, fixed fee
Adjustment withdrawn$98,000
File closed in11 weeks
Penalties assessedNone
The situation
A CCPC with two shareholders in Burnaby, British Columbia received a proposal letter opening a review of shareholder information reporting. The CRA had identified a small business limit quietly shared across three associated corporations nobody had mapped and proposed an adjustment of $98,000, with 30 days to respond.
What we did
We treated the response as an evidence exercise rather than an argument. We rebuilt the instalment schedule off the current year rather than the prior year, ending the interest accrual, then indexed every supporting document against the specific line the auditor had questioned.
The result
The proposed adjustment was withdrawn in full — all $98,000 of it. The file closed in 11 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.
