T5018 Statement of Contract Payments
If more than half of your business income comes from construction, the CRA expects you to report what you pay subcontractors for construction services. That reporting is the T5018 — a slip for each subcontractor plus a summary.
Download the official T5018 form (canada.ca)Opens the current version on the Government of Canada website — always the up-to-date form, straight from the source.
Who has to file a T5018
It applies to a business — sole proprietor, partnership, trust or corporation — whose primary income (more than 50%) is from construction activities and that pays subcontractors for construction services. If a subcontractor is a non-resident, you generally use a T4A-NR instead of the T5018.
What and when you report
You report payments totaling $500 or more (including GST/HST) made to a subcontractor for the period, including amounts paid by cheque, cash or offset. You can report on a calendar-year or a fiscal-year basis, and the return is generally due within six months after the end of the reporting period you chose.
Why the CRA cares about it
T5018 reporting lets the CRA cross-check what subcontractors declare as income, so construction is an area the CRA watches. Keeping your subcontractor payments and your own filings lined up avoids questions later — and if you run a construction business, we can handle the T5018 alongside your tax filing.
Official CRA references
FAQ
The ones you paid $500 or more (including GST/HST) for construction services during the reporting period. Amounts paid by cheque, cash or offset all count.
You can choose either basis for T5018 reporting. The return is generally due within six months after the end of the period you use.
Generally no. Payments to a non-resident subcontractor are usually reported on a T4A-NR rather than a T5018.
If more than half your income is from construction and you pay subcontractors, it generally applies regardless of size. It's a common thing to miss, so it's worth confirming.
Construction business paying subcontractors?
We keep your T5018 reporting and your tax filing lined up, so the CRA's cross-checks don't turn into questions. Book a free consultation.
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General information only, not tax advice. This is a copy of publicly available information about an official Government of Canada form; the form itself is published by the CRA. Verify details for your situation on canada.ca or with us.