Case Study 1
Intergenerational Transfer Completed With $885,000 Deferred — Medical Imaging Clinic, Pickering
A family transfer at a medical imaging clinic in Pickering, Ontario would have been fully taxable because of passive assets sitting inside the operating company, disqualifying the shares. Restructuring deferred $885,000.
A generational transfer at a medical imaging clinic in Pickering, Ontario had been discussed for years without a plan. Passive assets sitting inside the operating company, disqualifying the shares meant the transfer as contemplated would have been fully taxable. We registered the provincial payroll account, caught up the outstanding remittances, and applied for relief on the penalty, sequencing the steps so each one was complete and documented before the next depended on it. $885,000 of tax was deferred through the transfer, and the successor generation took over a corporation whose records stood up to review.
Case Study 2
Scaled To 30 Staff With $25,000 Of Working Capital Freed — Investment Advisory Firm, Pickering
Growth at an investment advisory firm in Pickering, Ontario had outrun the back office, and instalments still calculated on a year the business had long outgrown broke first. Headcount reached 30 with $25,000 of cash freed.
An investment advisory firm in Pickering, Ontario was growing fast — headcount to 30 in eighteen months — and the back office had not kept up. Instalments still calculated on a year the business had long outgrown was the first thing to break. We rebuilt the sales ledger by customer location, applied the correct place-of-supply rate to each stream, and filed the adjusted HST returns, and built the compliance calendar for the size the business was becoming rather than the size it had been. The business reached 30 staff with no missed remittance and no late filing. $25,000 of working capital was freed in the process.
Case Study 3
Books Rebuilt From Source, $17,500 In Unclaimed Input Tax Found — Captive Insurance Manager, Pickering
The ledger at a captive insurance manager in Pickering, Ontario could not support its own filings because of a provincial payroll levy that had never been registered for or remitted. Rebuilding it surfaced $17,500 in unclaimed input tax.
A captive insurance manager in Pickering, Ontario could not answer basic questions about its own numbers, because a provincial payroll levy that had never been registered for or remitted sat between the bank statements and the ledger. We assessed and claimed Ontario Innovation Tax Credit alongside the federal return, then documented the process so the work does not depend on any one person remembering how it was done. Records rebuilt and reconciled, $17,500 recovered in input tax credits that the old file could not support, and a documented monthly process now in place.
Case Study 4
Corporate Structure Rebuilt For $31,000 Of Annual Savings — Architecture Studio, Pickering
The structure at an architecture studio in Pickering, Ontario no longer fitted the business, and 13% HST charged on every sale regardless of where the customer was located showed it. Rebuilding it saves $31,000 a year.
The structure at an architecture studio in Pickering, Ontario had been set up years earlier for a business that no longer existed, and 13% HST charged on every sale regardless of where the customer was located had become expensive. We recalculated the corporate tax at the 12.2% combined small business rate and rebased the instalments on the current year. The reorganisation used the rollover provisions rather than a taxable transfer, so no tax fell due on the restructuring itself. $31,000 of annual saving, achieved on a tax-deferred basis. The minute book, elections and valuations are all in the file.
Case Study 5
$70,000 In Credits Claimed That Prior Filings Had Missed — Executive Coaching Practice, Pickering
5 years of filings at an executive coaching practice in Pickering, Ontario had never claimed the incentives the work qualified for. The review recovered $70,000.
An executive coaching practice in Pickering, Ontario had been filing for 5 years without ever claiming the incentives its activity qualified for. Behind that sat Ontario Regional Opportunities Investment Tax Credit eligibility that had never been assessed. We tested each activity against the eligibility criteria rather than the description on the invoice, then assessed and claimed Ontario Made Manufacturing Investment Tax Credit alongside the federal return. $70,000 in credits claimed, with the open prior years adjusted as well. The claim passed review without adjustment.
Case Study 6
Remuneration Review Saved $48,000 Across Corporate And Personal Returns — Furniture Manufacturer, Pickering
A remuneration review at a furniture manufacturer in Pickering, Ontario found out-of-province sales billed at the ON rate instead of the customer’s and saved $48,000 across the corporate and personal returns.
Nothing was wrong at a furniture manufacturer in Pickering, Ontario — the filings were on time and accurate. What they were not was planned. Out-of-province sales billed at the ON rate instead of the customer’s had never been reviewed. We registered the provincial payroll account, caught up the outstanding remittances, and applied for relief on the penalty, and ran the numbers across both the corporate and personal returns so the saving was real rather than deferred into someone else's hands. $48,000 came off the combined corporate and personal tax bill, and the structure holds for future years without further work.