Case Study 1
$250,000 Sheltered By The Lifetime Capital Gains Exemption — Esports Organisation, Colwood
An esports organisation in Colwood, British Columbia was preparing to sell, but a minute book with no resolutions behind a decade of dividends disqualified the shares. Purification sheltered $250,000 under the exemption.
An esports organisation in Colwood, British Columbia had an offer on the table and 31 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 registered the provincial payroll account, caught up the outstanding remittances, and applied for relief on the penalty well ahead of the closing date. The sale closed on schedule with $250,000 sheltered by the lifetime capital gains exemption across the shareholders.
Case Study 2
Filed On Time From A Standing Start, $35,500 Penalty Avoided — Land Development Company, Colwood
A land development company in Colwood, British Columbia was 4 weeks from a deadline while carrying provincial sales tax collected but never remitted on the separate BC return. Filing complete and on time avoided roughly $35,500 in penalties.
A land development company in Colwood, British Columbia came to us 4 weeks before its filing deadline with provincial sales tax collected but never remitted on the separate BC return. A late filing would have triggered a penalty of roughly $35,500 before interest. We worked backwards from the deadline. We recalculated the corporate tax at the 11% combined small business rate and rebased the instalments on the current year, prioritising the items that actually gated the filing and deferring everything that did not. The return was filed on time and complete. The $35,500 penalty never arose, and the compliance calendar we set means the next deadline is scheduled rather than discovered.
Case Study 3
Growth Handled Without A Missed Filing, $128,000 Freed — Hardware Startup, Colwood
Scaling exposed instalments still calculated on a year the business had long outgrown at a hardware startup in Colwood, British Columbia. The back office was rebuilt to match, freeing $128,000.
A hardware startup in Colwood, British Columbia was opening in a second province — different filing obligations, a different payroll regime, and instalments still calculated on a year the business had long outgrown already in the file. We separated the federal GST and BC provincial sales tax streams, reconciled both to the sales ledger, and filed the corrected provincial returns 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. Growth was absorbed without a compliance failure. $128,000 of cash was released, and the monthly reporting now flags a problem while it is still small.
Case Study 4
Collections Halted And $15,000 Cut From A 3-Year Backlog — Food Truck Operator, Colwood
Collections had begun against a food truck operator in Colwood, British Columbia over 3 years of unfiled returns. Bringing them current cut $15,000 from the balance.
By the time a food truck operator in Colwood, British Columbia called, 3 years were outstanding and the CRA had assessed on estimates. Underneath it sat sector-specific exposure the previous accountant had not seen before. We reconstructed the records year by year and assessed and claimed BC Scientific Research and Experimental Development Tax Credit alongside the federal return. 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 $15,000, and a relief application addressed part of the accumulated interest.
Case Study 5
25 Months Reconciled And $19,500 Of Input Tax Recovered — Dance Studio, Colwood
25 months of records at a dance studio in Colwood, British Columbia had never been reconciled, leaving a provincial payroll levy that had never been registered for or remitted. Rebuilding recovered $19,500.
A dance studio in Colwood, British Columbia was carrying a provincial payroll levy that had never been registered for or remitted. Nothing reconciled, and every filing started with 25 months of cleanup. We rebuilt from source rather than correcting on top of the existing file. We assessed and claimed BC Small Business Venture Capital Tax Credit alongside the federal return, then set the routine that keeps it clean. 25 months reconciled to the bank. The close now takes 4 days, and $19,500 of previously unclaimable input tax was recovered in the process.
Case Study 6
$32,500 Reassessment Reduced To Nil On Review — Real Estate Investment Partnership, Colwood
A $32,500 reassessment was proposed against a real estate investment partnership in Colwood, British Columbia following input tax credits claimed against BC provincial tax, which is not recoverable the way GST is. The documented response reduced it to nil.
A review notice arrived at a real estate investment partnership in Colwood, British Columbia covering its bc tax and accounting file for two tax years. The auditor's working position was an adjustment of $32,500, driven by input tax credits claimed against BC provincial tax, which is not recoverable the way GST is. Rather than negotiate, we rebuilt the record. We registered the provincial payroll account, caught up the outstanding remittances, and applied for relief on the penalty 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 $32,500 and leaving the prior filings undisturbed.