Case Study 1
$285,000 Sheltered By The Lifetime Capital Gains Exemption — Custom Software Development Shop, Fort Saskatchewan
A custom software development shop in Fort Saskatchewan, Alberta was preparing to sell, but a minute book with no resolutions behind a decade of dividends disqualified the shares. Purification sheltered $285,000 under the exemption.
A custom software development shop in Fort Saskatchewan, Alberta had an offer on the table and 9 months to close. The shares did not qualify for the capital gains exemption, and a minute book with no resolutions behind a decade of dividends was part of the reason. We purified the corporation so the shares met the qualifying tests, then recalculated the corporate tax at the 11% combined small business rate and rebased the instalments on the current year well ahead of the closing date. The sale closed on schedule with $285,000 sheltered by the lifetime capital gains exemption across the shareholders.
Case Study 2
Notice Of Objection Allowed In Full, $76,000 Reversed — IT Managed-Services Provider, Fort Saskatchewan
A $76,000 reassessment landed at an IT managed-services provider in Fort Saskatchewan, Alberta, resting on instalments still calculated on a year the business had long outgrown. The objection was allowed in full.
An IT managed-services provider in Fort Saskatchewan, Alberta had been reassessed for $76,000 and had 18 days left on the objection deadline. The reassessment rested on instalments still calculated on a year the business had long outgrown. We filed the objection inside the deadline with a complete submission rather than a placeholder, and assessed and claimed Alberta Innovation Employment Grant alongside the federal return. The appeals officer allowed the objection in full. $76,000 was reversed and the account returned to a nil balance.
Case Study 3
Instalments Rebased, $107,000 Of Cash Returned To The Business — Mobile App Studio, Fort Saskatchewan
A mobile app studio in Fort Saskatchewan, Alberta was overpaying instalments because of a registration threshold crossed on out-of-province sales that nobody was tracking. Rebasing them returned $107,000 to the business.
A mobile app studio in Fort Saskatchewan, Alberta was paying instalments calculated on a prior year that no longer reflected the business. A registration threshold crossed on out-of-province sales that nobody was tracking was tying up $107,000 of cash. We rebased the instalments on the current-year estimate rather than the prior-year default, and assessed and claimed Alberta Agri-Processing Investment Tax Credit alongside the federal return. $107,000 of cash stayed in the business, the penalty cycle ended, and the instalment position is reviewed each quarter against actual results.
Case Study 4
$68,000 Reassessment Reduced To Nil On Review — Data Analytics Consultancy, Fort Saskatchewan
A $68,000 reassessment was proposed against a data analytics consultancy in Fort Saskatchewan, Alberta following sector-specific exposure the previous accountant had not seen before. The documented response reduced it to nil.
A review notice arrived at a data analytics consultancy in Fort Saskatchewan, Alberta covering its ab tax and accounting file for two tax years. The auditor's working position was an adjustment of $68,000, driven by sector-specific exposure the previous accountant had not seen before. Rather than negotiate, we rebuilt the record. We registered for the out-of-province obligations that had been triggered, then reconciled the GST filings to the sales ledger province by province and submitted a point-by-point response that answered each proposed adjustment with the document behind it. The auditor accepted the documented position and closed the review without adjustment, protecting $68,000 and leaving the prior filings undisturbed.
Case Study 5
Collections Halted And $11,000 Cut From A 3-Year Backlog — Hardware Startup, Fort Saskatchewan
Collections had begun against a hardware startup in Fort Saskatchewan, Alberta over 3 years of unfiled returns. Bringing them current cut $11,000 from the balance.
By the time a hardware startup in Fort Saskatchewan, Alberta called, 3 years were outstanding and the CRA had assessed on estimates. Underneath it sat sales into HST provinces billed at AB’s 5% GST rate. We reconstructed the records year by year and recalculated the corporate tax at the 11% combined small business rate and rebased the instalments on the current year. Each filing replaced an arbitrary assessment with a real one. The account is current. Filing on real numbers rather than CRA estimates reduced the balance by $11,000, and a relief application addressed part of the accumulated interest.
Case Study 6
5-Week Turnaround Beat The Deadline And Saved $37,500 — Cybersecurity Firm, Fort Saskatchewan
A 5-week rebuild at a cybersecurity firm in Fort Saskatchewan, Alberta got the filing in with 10 days to spare, avoiding $37,500 in penalties.
With the deadline for its ab tax and accounting file weeks away, a cybersecurity firm in Fort Saskatchewan, Alberta was carrying payroll obligations from another province applied to local staff by an out-of-province provider. The exposure if the date slipped was around $37,500. We assessed and claimed Alberta Innovation Employment Grant alongside the federal return. The filing went in complete rather than provisional, so there was no amended return to follow. Filed with 10 days to spare. $37,500 in late-filing penalties avoided, and the working papers are ready for the following year.