Form 5 declaration of last supply 2026

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The document is a Declaration of Last Supply under the Construction Lien Act, where a subcontractor confirms the completion of services or materials supplied to a construction project for Toronto Community Housing Corp. It includes details about the supplier, the contract with MCW Custom Energy Solutions Ltd., the date of last supply, and states that no further supplies will be made.

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Click ‘Get Form’ to open the form in the editor.
Begin by entering your name as the supplier in the designated field at the top of the form.
Fill in the address of the premises where the services or materials were supplied, ensuring accuracy for proper documentation.
In section one, list all services or materials provided, including specific details such as the name of the development and measure related to Toronto Community Housing Corp.
Complete section two by entering the name of the payer (MCW Custom Energy Solutions Ltd.) and the date of your original agreement.
For section three, indicate the date when you last supplied services or materials under this contract.
Confirm that no further services or materials will be supplied under this contract by checking the appropriate box.
Sign and print your name and title in the signature area. If applicable, have a commissioner sign and date it as well.

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What is the Form 5 in Ontario?

Use this Application if you want to apply to a financial institution to withdraw or transfer money from your Ontario locked- in account (LIRA, LIF, or LRIF) for one of the reasons set out in Part 2A to Part 2D of the application. Please read the instructions before completing the application.

What is the purpose of the holdback?

In the construction industry, holdbacks may be inserted into contracts as a way to protect the buyer, by holding back a portion of the invoice until all the work is complete. This allows the parties to complete the project on schedule.

Is holdback mandatory in Ontario?

Subject to the amendments transition provisions, annual holdback release will soon be mandatory across all construction agreements in Ontario, payable on the anniversary of the date the contract was entered into (the Contract Anniversary Date):

How to calculate holdback?

5.5 | How much is to held back? or subcontract price. Thus, the holdback must be at least equal to 10% of the amount of any progress payments made under the contract or subcontract. If the value of work or material provided is greater than the contract or subcontract price, then 10% of that value must be retained.

What is a 10 percent holdback in Ontario?

If a lien is filed by any party, the holdback funds cannot be released until it is discharged. It is mandatory that any contract holder on a project hold back 10% of the contract amount owed. An owner will hold back 10% of the contract price from the head contractor.

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What is the 10 holdback in Ontario?

Section 22 of the Construction Act requires each payor on a construction contract to hold back 10% of the price of the services or materials as they are actually supplied under the contract until all liens that may be claimed against the holdback have expired. We call this the basic holdback.

When can Holdback be released in Ontario?

If there are no preserved or perfected liens after the lien period expires (60 days after the notice is published), the owner must release the holdback within 14 days after the expiry of the lien period.

Form 5 declaration of last supply 2026

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Got questions?

What is the Form 5 in Ontario?

What is the purpose of the holdback?

Is holdback mandatory in Ontario?

How to calculate holdback?

What is a 10 percent holdback in Ontario?

Security and compliance

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What is the 10 holdback in Ontario?

When can Holdback be released in Ontario?

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