Form T5018 SUM Summary of Contract Payments - Canada (English / French)

Form T5018 SUM Summary of Contract Payments is used by Canadian businesses to report payments made to subcontractors in the construction industry. It provides information about the subcontractor, total payments made, and the contract number. This form helps the Canada Revenue Agency (CRA) track and verify payments made in the construction industry for tax purposes.

The Form T5018 SUM (Summary of Contract Payments) in Canada is typically filed by the businesses or individuals who have made payments to subcontractors for construction services.

FAQ

Q: What is Form T5018 SUM?
A: Form T5018 SUM is a summary of contract payments form in Canada.

Q: Who needs to file Form T5018 SUM?
A: Contractors in Canada who make payments to subcontractors for construction activities need to file Form T5018 SUM.

Q: What information is required on Form T5018 SUM?
A: Form T5018 SUM requires the contractor's information, subcontractor's information, and details of the payments made.

Q: When is Form T5018 SUM due?
A: Form T5018 SUM is due within six months after the end of the reporting period.