Contractors

Accounting & Tax Services for Contractors and Skilled Trades

Bookkeeping & Tax Services for Contractors & Trades

Focus on the Job Site, Not the Paperwork.

Contractors, renovators, and tradespeople juggle quotes, crews, and materials daily—who has time for the complexities of CRA construction compliance? At KLCA CPA, we specialize in bookkeeping and tax services specifically for the trades. We give you the financial tools to run a profitable, audit-proof business while you focus on building.

T5018 Slips (Subcontractor Reporting)

If you pay subcontractors for construction services, the CRA requires T5018 slips. We take the stress out of reporting by:

• Identifying Reportable Payments: Sorting your vendors to ensure compliance.

• Filing & Summary: Preparing and submitting T5018 Summary and Slips to the CRA.

• Risk Management: Ensuring you meet "Construction Industry Reporting" requirements to avoid late-filing penalties.

HST Strategy & Filing

In construction, HST can significantly impact cash flow. We handle:

• CRA Registration: Getting your account set up correctly from day one.

• Input Tax Credit (ITC) Tracking: Ensuring you get back every cent of HST paid on materials and equipment.

• Filing: Timely monthly, quarterly, or annual submissions to keep you in the CRA’s good books.

Who We Work With

Whether you are a solo operator or an incorporated firm with a large crew, we support:

• General Contractors & Homebuilders

• Renovators & Carpenters

• Electricians, Plumbers, and HVAC Specialists

• Roofing & Siding Professionals

• Landscapers & Concrete Contractors

The KLCA CPA Difference

Most small business owners don't have the budget for a full-time in-house accountant. KLCA CPA offers Ontario contractors the opportunity to have a leading accounting department on a small business budget. We ensure your business has good records and your taxes are minimized.