T5018 report overview

If your Canadian company or entity is required to report payments made to contractors and subcontractors in a T5018 slip, you can generate your report in Sage Intacct. Then, you can use the information from the report to file your T5018 slip with the Canada Revenue Agency (CRA).

About the T5018

The T5018 records payments that you make to contractors and subcontractors in construction industries. If construction activities and payments account for more than 50% of your business income, the CRA expects you to file a T5018 slip.

The CRA provides guidelines to determine whether you need to file a T5018 and which suppliers you need to include.

What's included in the T5018 report

• Your payer information
• Supplier details, such as the supplier contact information
  A supplier is included in the T5018 when T5018 is enabled on the supplier record and you made payments to the supplier during the fiscal year.
• Total amount you paid to the supplier during the reporting period.

Setting up T5018 for your company or entity

Before you can run your first T5018 report in Intacct, you need to do the following:

• Enable the report for the company or entity in Accounts Payable.
• Provide entity-specific legal contact information.
• Assign run permission for T5018 to the users who will run the report.
• Enable T5018 on the Supplier information page for those suppliers whose payments you need to report.

Running the report and filing your T5018

Verify that you have the results you expect by running the T5018 report. Then, you go to export an XML file that you then upload with the CRA.