6 worked T3 Slip and Summary Preparation 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 t3 slip and summary preparation work, not a specific client's file.
Case Study 1 · Missed incentive claimed
Incentive Review Recovered $35,000 Across 7 Open Years — Final Return Filer, London
Client: A personal representative filing a final return · Where: London, Ontario · Engagement: 6 weeks, fixed fee
Recovered$35,000
Open years claimed7
Ongoing trackingIn place
The situation — A personal representative filing a final return, London, Ontario
An incentive review at a personal representative filing a final return in London, Ontario started from a simple question: what has never been claimed? The answer ran to 7 years, driven by an estate distributing to adult children with no provision made for the deemed disposition on the final return.
What we did for A personal representative filing a final return, London, Ontario
We filed the separate rights-or-things return alongside the final T1, claiming a second set of personal credits, documenting eligibility to the standard a reviewer would apply rather than the standard a claim form requires.
The result — A personal representative filing a final return, London, Ontario
The credits produced $35,000 across the open years, and the tracking now in place means the following year's claim is documented as the work happens rather than reconstructed afterwards.
Client: A trust approaching its deemed disposition date · Where: Brampton, Ontario · Engagement: 4 weeks, fixed fee
Assessment vacated$104,000
Supporting recordsNow on file
AccountCleared
The situation — A trust approaching its deemed disposition date, Brampton, Ontario
A trust approaching its deemed disposition date in Brampton, Ontario was carrying $104,000 of penalties and interest arising from a farm transfer completed without using the intergenerational rollover, much of it accumulated during a period the CRA itself had delayed.
What we did for A trust approaching its deemed disposition date, Brampton, Ontario
We allocated trust income to the beneficiaries within the trust’s own year and supported each allocation with a T3 slip and framed the relief application on the specific grounds the CRA guidelines recognise rather than on general hardship.
The result — A trust approaching its deemed disposition date, Brampton, Ontario
The assessment was vacated. $104,000 came off the account, and the documentation now on file makes the same position straightforward to defend next time.
Case Study 3 · Planning that cut the bill
$55,000 Saved By Correcting What Prior Filings Had Missed — Newly Reporting Trustee, Kitchener
Client: A trustee facing the expanded reporting rules · Where: Kitchener, Ontario · Engagement: 6 weeks, fixed fee
Saving identified$55,000
RecurringYes
Positions documentedAll
The situation — A trustee facing the expanded reporting rules, Kitchener, Ontario
A trustee facing the expanded reporting rules in Kitchener, Ontario asked for a second opinion on t3 slip and summary preparation after three years of rising tax. The review found a will naming an executor with no authority to keep the business running while the estate was administered.
What we did for A trustee facing the expanded reporting rules, Kitchener, Ontario
We built the comparison first — current structure against two alternatives — and then implemented an estate freeze with a supported valuation, capping the current generation’s exposure and moving future growth to the successors.
The result — A trustee facing the expanded reporting rules, Kitchener, Ontario
First-year saving of $55,000, with the same benefit recurring. Every position taken is documented and supported in the file.
Case Study 4 · Sale and succession
Intergenerational Transfer Completed With $400,000 Deferred — Intergenerational Transfer Corporation, Victoria
Client: A corporation planning an intergenerational transfer · Where: Victoria, British Columbia · Engagement: 5 weeks, fixed fee
Tax deferred$400,000
TransferCompleted
RecordsReview-ready
The situation — A corporation planning an intergenerational transfer, Victoria, British Columbia
A generational transfer at a corporation planning an intergenerational transfer in Victoria, British Columbia had been discussed for years without a plan. A minute book with no resolutions behind a decade of dividends meant the transfer as contemplated would have been fully taxable.
What we did for A corporation planning an intergenerational transfer, Victoria, British Columbia
We filed the outstanding T3 returns with full beneficial-ownership schedules and secured relief on the late-filing penalty, sequencing the steps so each one was complete and documented before the next depended on it.
The result — A corporation planning an intergenerational transfer, Victoria, British Columbia
$400,000 of tax was deferred through the transfer, and the successor generation took over a corporation whose records stood up to review.
Case Study 5 · Deadline rescue
Filed On Time From A Standing Start, $43,000 Penalty Avoided — Cottage Trust Family, Moncton
Client: A family with a cottage held in trust · Where: Moncton, New Brunswick · Engagement: 7 weeks, fixed fee
Penalty avoided$43,000
Turnaround7 weeks
FiledOn time
The situation — A family with a cottage held in trust, Moncton, New Brunswick
A family with a cottage held in trust in Moncton, New Brunswick came to us 7 weeks before its filing deadline with an estate distributing to adult children with no provision made for the deemed disposition on the final return. A late filing would have triggered a penalty of roughly $43,000 before interest.
What we did for A family with a cottage held in trust, Moncton, New Brunswick
We worked backwards from the deadline. We purified the corporation across two full years, so the shares met the asset tests by the time the sale closed, prioritising the items that actually gated the filing and deferring everything that did not.
The result — A family with a cottage held in trust, Moncton, New Brunswick
The return was filed on time and complete. The $43,000 penalty never arose, and the compliance calendar we set means the next deadline is scheduled rather than discovered.
Case Study 6 · Scaling without breaking
Growth Handled Without A Missed Filing, $113,000 Freed — Spousal Trust, Kelowna
Client: A spousal trust following a death · Where: Kelowna, British Columbia · Engagement: 7 weeks, fixed fee
Cash freed$113,000
Compliance failuresNone
ReportingMonthly
The situation — A spousal trust following a death, Kelowna, British Columbia
A spousal trust following a death in Kelowna, British Columbia was opening in a second province — different filing obligations, a different payroll regime, and a trust that had never filed a T3 under the expanded reporting rules already in the file.
What we did for A spousal trust following a death, Kelowna, British Columbia
We made the graduated rate estate designation and re-filed, moving the estate off top-marginal-rate taxation for its first three years 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 — A spousal trust following a death, Kelowna, British Columbia
Growth was absorbed without a compliance failure. $113,000 of cash was released, and the monthly reporting now flags a problem while it is still small.
Reviewed for the 2025 tax year by Udit Gupta, Founder and Tax Accountant. 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.
