Information for recipients

Information that must be provided to the payer?

As a construction subcontractor, you must provide your 15-character business number (BN) or your 9-digit social insurance number (SIN) when asked by the contractor for whom you provided the services. Failure to do so may result in a penalty.

Unincorporated entities

In accordance with the Income Tax Act, all unincorporated entities must provide their BN or SIN.

Incorporated entities

In accordance with the Income Tax Act, all incorporated entities must provide their BN. For contract payment reporting, give the payer the account number you used when you filed your corporate return.

What is Form T5018?

Form T5018, Statement of Contract Payments is an information slip that is used to report the total contract payments made to you by a contractor in a calendar year or fiscal period. The amount shown may include goods and services tax/harmonized services tax and provincial/territorial sales tax, where applicable.

The payer is not required to, but may provide you with a copy of Form T5018. The payer must give the Canada Revenue Agency a copy.

How do you report an amount from the T5018?

Box 22 of Form T5018 shows the total amount of payments made by a contractor in their selected reporting period.

For unincorporated entities, the income should be reported on Form T2125, Statement of Business or Professional Activities, as revenue on line A. This amount is then reported on line 162 on your Income Tax and Benefit Return. Since the contractor’s fiscal period may differ from the calendar year period which unincorporated entities must use, reconciliation may be required.

For incorporated entities, since the contractor’s fiscal period may differ from the fiscal year-end that your corporation uses, reconciliation may be required. For information about reporting by corporations, go to Corporation income tax return.

Forms and publications

• Form T5018, Statement of Contract Payments

Date modified:

2016-12-15