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T5018 SUM E (17) Protected B when completedContract Payment Reporting System NOTE: In this form, the text inserted between square brackets represents the regular print information. The contract Payment
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How to fill out t5018 sum e 17
How to fill out t5018 sum e 17
01
To fill out the T5018 Sum E-17 form, follow these steps:
02
Start by entering your business's name and contact information in the designated fields.
03
Provide the recipient's information, including their name, address, and social insurance number.
04
Enter the total amount of payments made to subcontractors during the tax year in Box A.
05
Fill in Box B with the total amount of GST/HST included in the payments made to subcontractors.
06
Indicate whether you made any payments to subcontractors for goods by checking the appropriate box in Box C.
07
If you made any payments for services, check the relevant box in Box D.
08
Provide the total amount of fees or commissions paid to the recipient in the specified field.
09
Fill in your business number and reporting period in the designated boxes.
10
Sign and date the form to certify its accuracy.
11
Keep a copy of the completed T5018 Sum E-17 form for your records.
Who needs t5018 sum e 17?
01
The T5018 Sum E-17 form is required by Canadian businesses in the construction industry. Specifically, it must be completed and filed by contractors who make payments to subcontractors for construction services during the tax year. This form helps the Canada Revenue Agency (CRA) monitor compliance with tax regulations and ensures accurate reporting of income and expenses in the construction sector.
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What is t5018 sum e 17?
T5018 sum E 17 is a slip used to report payments made to subcontractors for services performed in the construction industry.
Who is required to file t5018 sum e 17?
Businesses in the construction industry who make payments to subcontractors for services performed.
How to fill out t5018 sum e 17?
You must fill out the slip with the subcontractor's information, the total amount paid, and the type of services provided.
What is the purpose of t5018 sum e 17?
The purpose of the T5018 sum E 17 is to report payments made to subcontractors for services performed in the construction industry to the Canada Revenue Agency (CRA).
What information must be reported on t5018 sum e 17?
The information reported on the T5018 sum E 17 includes the subcontractor's name, address, business number, total amount paid, and the type of services provided.
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