Accountant for Construction Companies in Canada
“For general contractors, deposits, costs, and final payments are spread across months. What you actually earn has to be separated from money that only passes through a project. We work with GCs regularly and know how this model is usually reported on a T1.”
Who We Work With
General Contractor
Coordinating multiple sites simultaneously with subcontractors, materials, and different payment schedules.
Residential Builder
Building residential properties with long projects, milestone payments, and warranty holdbacks.
Commercial Builder
Commercial projects with complex expense structures, contracts, and payments.
Renovation Contractor
Renovation work with materials and labour mixed on the same invoice, and different ways of getting paid.
We Understand Your Challenges
Here's How We Help
Recommended Services
Accounting services for construction companies managing projects, subcontractors, GST/HST, payroll, and corporate year-end.
Incorporation
Register your corporation federally or provincially.
GST/HST
Registration, filing, and compliance for sales tax.
Business Consultation
Strategic advice for business growth and optimization.
CRA Audit Support
Professional representation during CRA reviews.
What Our Clients Say
Reviews from our public Google profile
Reviews on the chosen topic come first
I had a great experience with Anytime Accounting for my self-employed tax return. Olha Vozna was incredibly helpful, knowledgeable, and patient throughout the entire process. She made what can be a stressful time feel completely manageable and ensured everything was handled accurately. I felt confident every step of the way knowing I was in good hands. I highly recommend Anytime Accounting to anyone looking for reliable and professional accounting services!
Thank you to the Anytime Accounting team for providing high-quality and professional tax services! The filing and support process was absolutely excellent. I received a consultation from accountant Olga Vozna regarding business management for self-employed individuals. All my questions were answered clearly, and I was provided with all the necessary assistance. I highly recommend Anytime Accounting to anyone looking for a reliable accounting firm!
I had an excellent consultation with Olga Vozna.Everything was explained clearly and professionally, with practical advice tailored to my business situation. I now understand the licensing process, taxes, and hiring rules much better. The meeting was very helpful and friendly. Highly recommend this specialist to anyone starting a business in Canada!
I received advice on running a business for self-employed individuals and tax optimization. I am very satisfied with the accountant's professional approach Olga Vozna. The information was clear, understandable and presented in an accessible form. All my questions were answered in detail. Thanks to the consultation, it became clear how to properly organize income and expense accounting, what taxes need to be paid and when, as well as how to optimize expenses. You can feel their extensive experience and sincere desire to help the client. Thank you Anytime Accounting!❤️
I used this company's services. Olha calculated my taxes. I was very satisfied. Last year I started my own business and it was my first year filing a return as self-employed, so I had a lot of questions. But Olha explained everything to me and helped me figure out all the questions. I highly recommend
I’ve had several consultations with Olga regarding taxation for my self-employment income, and the experience has been very positive. She is knowledgeable, professional, and explains everything clearly while answering all of my questions. I feel confident working with her and look forward to continuing our collaboration.
Talk to an Expert
We'll walk through the tax and record-keeping side of your construction business.
FAQ
Project income, subcontractor bills, materials, holdbacks, equipment, and overhead do not always move through the bank at the same time. Job-level records help explain what belongs to each project and what belongs to the company as a whole. We can reconcile the books before the year-end is prepared.
Construction businesses may have T5018 reporting obligations for payments made to subcontractors. The answer depends on the business activity and the payments involved, so review the contractor list rather than assuming every vendor is treated the same. The CRA explains who must file and what is reported in its T5018 guidance.
Yes, that separation can make project margins and year-end numbers much easier to understand. Materials and subcontractors may belong to a specific job, while insurance, office costs, and software may support the business more broadly. The chart of accounts should match how the company actually operates.
Keep signed contracts, change orders, invoices, payment certificates, bank records, and a schedule showing what has been billed and collected. Those documents help determine the correct treatment at year-end. The CRA’s general record-keeping guidance explains the need for supporting documents.