What Our Clients Say

Challenge

A Growing Trade Business with Disorganized Records

A Winnipeg electrical contractor had been managing his own records in spreadsheets for four years. As the business grew, the spreadsheets became harder to maintain, bank reconciliations fell behind, and he was never sure whether his quarterly GST estimates were accurate.

Solution

Boreal Numbers completed a four-month bookkeeping catch-up, migrated the records to cloud-based accounting software, set up recurring categorization rules for common transaction types, and established a monthly review process. GST calculations were rebuilt from the corrected records.

Result

Within six months, the contractor had clean, reconciled records dating back four years, accurate GST remittances, and a clear monthly picture of his financials. His annual tax preparation the following year took half the time and resulted in a more accurate assessment of deductible expenses.

Challenge

Incorporation Decision Without Financial Guidance

A Winnipeg HR consultant was operating as a sole proprietor and generating enough income that incorporation had come up in several conversations. She wasn't sure whether incorporating would actually benefit her situation or create more administrative complexity without meaningful advantage.

Solution

Through the financial planning advisory service, a thorough assessment was completed of her current income patterns, personal tax situation, and projected business growth. A planning document was developed comparing sole proprietorship versus incorporation across three projected income scenarios over five years.

Result

The analysis supported incorporation, and the transition was planned alongside a compensation structure that balanced salary and dividends appropriately for her situation. The consultant felt she made the decision with full information rather than guesswork, and the ongoing advisory relationship continues to guide her decisions each year.

Challenge

Years of Unfiled Returns and Building Anxiety

A freelance designer in River Heights had fallen several years behind on her tax filings — a combination of a difficult personal period and the intimidating prospect of sorting out multiple years at once. She had been avoiding it, and the stress had become a significant background presence in her work life.

Solution

Boreal Numbers worked through the catch-up process one year at a time, gathering documents systematically, preparing each return carefully, and filing through CRA's voluntary disclosure process where appropriate. Each step was explained clearly so the client understood what was happening and why.

Result

All outstanding returns were filed within four months. The client was surprised to find she actually owed less than she'd feared and received a refund for two of the years. She enrolled in monthly bookkeeping to keep her records organized going forward, and reports that her relationship with her finances has changed considerably.