T5018 forms 2025

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The document is a T5018 form, known as the Statement of Contract Payments, which is used to report payments made to construction subcontractors. It includes sections for the payer's and recipient's information, payment amounts, and instructions on reporting income for tax purposes. The form emphasizes that the income reported must be included in the recipient's tax return but does not need to be attached to it.

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Click ‘Get Form’ to open the t5018 form in the editor.
In Box 20, enter the last day of your reporting period. This is crucial for accurate tax reporting.
For Box 22, input the total amount of payments made to subcontractors during the reporting period. Ensure this includes any applicable taxes.
In Box 24, provide either the recipient's 15-character program account number or their social insurance number (SIN). Verify this information if necessary.
Fill in the payer's name and program account number. Remember not to include your business number on copies given to subcontractors.

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Versions	Form popularity	Fillable & printable
2022	4.7 Satisfied (62 Votes)
2021	4.7 Satisfied (54 Votes)
2015	4 Satisfied (25 Votes)
2012	3.9 Satisfied (38 Votes)

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What happens if I dont file T5018?

Penalties for Non-Compliance Failure to file T5018 slips can result in penalties of $25 per day, up to a maximum of $2,500 per slip. For businesses with multiple subcontractors, this can quickly add up to substantial amounts.

Who needs to file a T5018 form?

If you are an individual, partnership, trust, or corporation involved in construction activities, you must issue a T5018 slip or provide a listing/printout if all of the following apply: Your primary source of business income is more than 50% from construction activities.

How do I get a T5018 form?

Ways to get the form Download and fill out with Acrobat Reader. You must download and open fillable PDFs in Acrobat Reader 10 or higher. Print and fill out by hand. Standard print PDF (t5018-24e.pdf) Ask for an alternate format.

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What is the T5018 summary form?

The T5018 Summary (T5018SUM) represents the total of the information reported on all of the T5018 slips you prepared for each recipient for the calendar year. You can get a Form T5018 SUM in a PDF or PDF fillable/saveable format to file on paper.

Whats the difference between T5018 and other forms?

The T5018 is specifically for the construction industry and focuses on payments to subcontractors for services. In contrast, the T4A is used across all industries to report payments made to self-employed individuals, freelancers, and other independent contractors.