📄 T5018 – Statement of Contract Payments

The T5018 slip, officially known as the Statement of Contract Payments, is a tax reporting form used by contractors and businesses in the construction industry to report payments made to subcontractors during a calendar or fiscal year. The T5018 requirement is part of the CRA’s Contract Payment Reporting System to increase compliance and reduce underground economy activities.

📥 How to Access the T5018 Form

  • 📄 Accessible fillable PDF – download and open with Acrobat Reader 10 or later to complete electronically.
  • 🖨 Standard print PDF – print and complete by hand.
  • 🔁 Alternative formats available on request (e.g., digital audio, braille, large print) for accessibility.

📅 When T5018 Is Required

You generally must issue a T5018 slip if your business, partnership, trust, or corporation is involved in construction activities and your primary source of income (> 50%) comes from construction services. Payment reporting applies when the total payments to a subcontractor exceed specified thresholds (typically more than $500 in a year).

💡 What to Report

  • Box 22 – Total construction subcontractor payments made to the recipient during the reporting period.
  • Box 24 – Recipient’s Business Number (BN) or Social Insurance Number (SIN) as applicable.
  • Recipient’s name and address.
  • Payer’s name and CRA program account number (15‑character business number with RZ identifier).

📊 Filing Requirements

The T5018 slip must be filed with the CRA, and a summary of all slips (T5018 Summary) must be completed and submitted for each payroll or reporting account. Totals on the summary must match all amounts reported on individual T5018 slips.

📎 Related Information Returns & Resources

📌 Tips for Contractors

  • ✔ Ensure subcontractor payments reported include all construction service fees, including barter and non‑cash transactions.
  • ✔ Include GST/HST or provincial sales tax in the reported amount where applicable.
  • ✔ File T5018 slips and the summary within the required timeframe — generally within six months after your fiscal year-end.