Zachary Cummings, CPAT5018s, subcontractors and WSIB, handled
Electricians, plumbers, HVAC, contractors and other trades who pay subcontractors and need the construction filings done right.
What's included
- ✓ Subcontractor payments tracked through the year
- ✓ T5018 (Statement of Contract Payments) prepared and filed
- ✓ Workers' comp premium tracking and reporting (WSIB in Ontario)
- ✓ GST/HST on construction and contracting income
How it works
- 1
Sub tracking set up
Every payment to a sub gets tagged properly from day one, so T5018 time isn't a scramble.
- 2
WSIB all year
I track premiums along with payroll and sub costs, instead of piecing them together at filing time.
- 3
Filed on time
Your T5018s and WSIB filings go in on schedule, and you get copies for your records.
Common questions
What's a T5018 and do I need to file one?
If more than half your business income comes from construction and you paid a subcontractor more than $500 for construction services in the year (not counting GST/HST), CRA requires a T5018 (Statement of Contract Payments). It's due six months after the end of your reporting period. I'll confirm whether it applies to you on the first call.
I'm the sub. Do I have to file T5018s too?
Only if you also pay subs yourself and more than half your business income comes from construction. Otherwise the contractor paying you files the slip. What's on their slip should match your books, since CRA sees both.
The GC wants my WSIB clearance before I start. Can you help?
In Ontario, WSIB issues the clearance, and only to businesses that are registered and up to date on reporting and paying their premiums. It has to be in place before any construction work starts. I keep your premiums tracked and your WSIB reporting on schedule, so your account is in good standing when you need a clearance.