6 worked T5 Dividend Slip 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 t5 dividend slip preparation work, not a specific client's file.
Case Study 1 · Cash and remittance control
Instalments Rebased, $142,000 Of Cash Returned To The Business — Professional Corporation, Windsor
Client: A professional corporation · Where: Windsor, Ontario · Engagement: 10 weeks, fixed fee
Cash returned$142,000
Instalment basisCurrent year
ReviewedQuarterly
The situation — A professional corporation, Windsor, Ontario
A professional corporation in Windsor, Ontario was paying instalments calculated on a prior year. That year no longer reflected the business. A small business limit quietly shared across three associated corporations nobody had mapped was tying up $142,000 of cash.
What we did for A professional corporation, Windsor, Ontario
We rebased the instalments on the current-year estimate rather than the prior-year default. Alongside that, we 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 — A professional corporation, Windsor, Ontario
$142,000 of cash stayed in the business, the penalty cycle ended, and the instalment position is reviewed each quarter against actual results.
Case Study 2 · Planning that cut the bill
$34,500 Saved By Correcting What Prior Filings Had Missed — Incorporated Consultancy, Toronto
The situation — An incorporated consultancy, Toronto, Ontario
An incorporated consultancy in Toronto, Ontario asked for a second opinion on T5 dividend slip preparation. That followed three years of rising tax. The review found passive investment income that had crossed the $50,000 grind threshold unnoticed.
What we did for An incorporated consultancy, Toronto, Ontario
We built the comparison first: current structure against two alternatives. Then we modelled salary against dividends across both the corporation and the shareholder’s personal return, then set the remuneration mix for the year.
The result — An incorporated consultancy, Toronto, Ontario
First-year saving of $34,500, with the same benefit recurring. Every position taken is documented and supported in the file.
Case Study 3 · Scaling without breaking
Scaled To 81 Staff With $105,000 Of Working Capital Freed — Incorporated Trades Business, Winnipeg
Client: An incorporated trades business · Where: Winnipeg, Manitoba · Engagement: 8 weeks, fixed fee
Headcount reached81
Working capital freed$105,000
Missed deadlinesZero
The situation — An incorporated trades business, Winnipeg, Manitoba
An incorporated trades business in Winnipeg, Manitoba was growing fast, with headcount reaching 81 in eighteen months. The back office had not kept up. A balance-due date the owner believed was the same as the filing date was the first thing to break.
What we did for An incorporated trades business, Winnipeg, Manitoba
We documented safe income before the inter-corporate dividend was paid, so subsection 55(2) had no room to recharacterise it as a gain. We built the compliance calendar for the size the business was becoming rather than the size it had been.
The result — An incorporated trades business, Winnipeg, Manitoba
The business reached 81 staff with no missed remittance and no late filing. $105,000 of working capital was freed in the process.
Client: An operating company holding surplus investments · Where: Burnaby, British Columbia · Engagement: 10 weeks, fixed fee
Proposed tax cleared$117,000
Review duration10 weeks
OutcomeNo change
The situation — An operating company holding surplus investments, Burnaby, British Columbia
An operating company holding surplus investments in Burnaby, British Columbia was selected for review. Two corporations under common control filing as if each had its own $500,000 limit had shown up in the CRA's automated matching. The proposed adjustment on T5 dividend slip preparation came to $117,000.
What we did for An operating company holding surplus investments, Burnaby, British Columbia
We moved passive holdings into a separate structure so the operating company’s small business limit stopped grinding down. Every figure in the response traced to a source record the auditor could verify without asking a second question.
The result — An operating company holding surplus investments, Burnaby, British Columbia
The review closed with no change. $117,000 of proposed tax came off the table, and the documentation now in place makes the next review a short one.
Case Study 5 · Missed incentive claimed
$57,000 Credit Claim Filed And Accepted Without Adjustment — Two-Shareholder CCPC, Moncton
Client: A CCPC with two shareholders · Where: Moncton, New Brunswick · Engagement: 3 weeks, fixed fee
Claim value$57,000
AcceptedWithout adjustment
RepeatableAnnually
The situation — A CCPC with two shareholders, Moncton, New Brunswick
A CCPC with two shareholders in Moncton, New Brunswick assumed the credits did not apply to a business its size. A small business limit quietly shared across three associated corporations nobody had mapped meant they had applied all along.
What we did for A CCPC with two shareholders, Moncton, New Brunswick
We identified the qualifying activity and built the documentation to support it. Then we carried the non-capital loss back against the two profitable years and recovered tax already paid instead of holding a carry-forward balance.
The result — A CCPC with two shareholders, Moncton, New Brunswick
$57,000 recovered. Because the eligibility analysis is on file, the same claim can be repeated each year with a fraction of the effort.
Case Study 6 · Sale and succession
$850,000 Sheltered By The Lifetime Capital Gains Exemption — Second-Generation Manufacturer, Calgary
Client: A second-generation family manufacturer · Where: Calgary, Alberta · Engagement: 11 weeks, fixed fee
Gain sheltered$850,000
ClosingOn schedule
Share qualificationMet
The situation — A second-generation family manufacturer, Calgary, Alberta
A second-generation family manufacturer in Calgary, Alberta had an offer on the table and 31 months to close. The shares did not qualify for the capital gains exemption. A single shareholder holding every share, with no room to multiply the exemption was part of the reason.
What we did for A second-generation family manufacturer, Calgary, Alberta
We purified the corporation so the shares met the qualifying tests. We reviewed each capital cost allowance pool and set the claim at the level that kept the small business deduction fully used rather than wasted. All of it was done well ahead of the closing date.
The result — A second-generation family manufacturer, Calgary, Alberta
The sale closed on schedule with $850,000 sheltered by the lifetime capital gains exemption across the shareholders.
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.
