Oct 8, 2024 · A T5018 slip identifies the total contract payments made to a recipient by a contractor in a calendar year or fiscal period. The T5018 reporting requirement is part of the CRA's effort to promote compliance in the construction industry and to reduce activity in the underground economy.

The T5018 reporting requirement is part of the CRA's effort to promote compliance in the construction industry and to reduce activity in the underground economy. You can get a Form T5018 in a PDF or PDF fillable/saveable format to file on paper.

Oct 8, 2024 · You can order alternate formats such as digital audio, electronic text, braille, and large print. The T5018 Summary (T5018SUM) represents the total of the information reported on all of the T5018 slips you prepared for each recipient for the calendar year.

Nov 16, 2023 · This article covers all the crucial things you should know about the T5018 form, including who should fill it out, the contractor definition, where to submit it, and more.

Please wait... If this message is not eventually replaced by the proper contents of the document, your PDF viewer may not be able to display this type of document.

Nov 10, 2024 · The T5018 (also known as a ‘Statement of Contract Payments’) is a tax form required from those working in the construction industry. A copy of the latest version of this …

Mar 27, 2024 · As a result, the CRA subcontractor rules require that all contract payments in the construction industry be reported on a special form – the T5018 or statement of contract payments.

If you’re a construction subcontractor, you might receive a T5018: Statement of Contract Payments slip reporting the total contract payments made to you by a contractor during the year.

Oct 15, 2019 · The T5018 requires the payer to report to CRA who and what they have paid to subcontractors so that CRA can match those payments up to ensure that the income is being …