Trades & Contractors · London, Ontario
Accounting and tax for trades and contractors in London, Ontario
You are busy on the job site. We keep the paperwork moving so CRA never slows you down.
What we handle
The tax and bookkeeping issues trades and contractors face
Job costing
Know which jobs actually make money. We set up your books so every job shows its true profit.
HST and input tax credits
We file your HST on time and make sure you claim every input tax credit you are entitled to.
T5018 subcontractor reporting
If construction is your main business, payments to subcontractors are reported on T5018 slips. We track them all year so filing is quick.
Vehicles, tools and equipment
Trucks, trailers and tools add up. We claim them properly and help you keep the records CRA expects.
How we help
Services for trades and contractors
Every contractor we work with gets a CPA who knows the industry, plain English answers and a secure online client portal.
Questions
Frequently Asked Questions
Do I need to file T5018 slips?
Generally yes, if construction activities are your main source of business income and you pay subcontractors for construction services. We confirm what applies to you.
Should I incorporate my trade business?
It is often worth a look once profits grow beyond what you take home. Incorporating also brings extra costs and filings, so we run the numbers first.
My books are behind. Can you help?
Absolutely. We review your file, quote the catch up work and get you current before your monthly package starts.
What our clients say
★★★★★
She takes the time to explain, educate and answer any questions. She simplified concepts and used examples that made it easier to absorb.
Amanda V
★★★★★
She has helped us with business and personal income tax for several years and we are ever so thankful for her expertise.
Joan B
★★★★★
Her friendly manner, professionalism and attention to detail is very impressive. I highly recommend Major Tax & Accounting.
Sandra R
Other industries we serve
We work with all kinds of owner managed businesses
Let’s talk about your business.
Book a 15 minute call. We’ll listen, ask a few questions and tell you exactly how we can help.