Print Forms T5018 screen (Canada)
Use the Print Forms T5018 screen to generate a T5018 Statement of Contract Payments report for your vendors.
You can print the report on a blank T5018 slip or create and file forms electronically using Aatrix Report Filing.
Businesses in Canada are required by law to report payment to construction subcontractors to the Canada Revenue Agency (CRA) for either the calendar year or fiscal year. You must specify the reporting period you will use for filing T5018 slips with the CRA.
You are required to submit a T5018 slip for every vendor that meets the threshold established by the CRA, and you must submit the slips and a T5018 Summary to the CRA within six months of the end of the reporting period.
You're not required to give subcontractors a copy of their T5018 slip. If you do give copies to your subcontractors , you don't need to include your federal identification number.
Field | Description |
---|---|
Company | Select the company for the report. |
Tax Year | Select the tax year for the report. |
Vendor | Leave blank to run the report for all vendors or select one or more vendors to narrow it to just your selections. |
Printing Copy to Give to Contractor | Select to create the report for the vendor and exclude the Payer's Account Number from the report. |