T5018 - How to
complete the T5018 summary form
HOW TO COMPLETE THE T5018 SUMMARY FORM
- Report all amounts in Canadian dollars and cents.
- Keep a copy of the form for your records.
T5018, Summary of Contract Payments
- Use the summary to report the total of the amounts that you reported on the related T5018 slips.
- The total you report on the summary must agree with the total of the amounts you report on your slips.
For the period ending - Enter the date that applies to the calendar or fiscal year end of the reporting period you have chosen.
Account Number - Enter your 15-character Account Number (e.g. 123456789RZ0001). If you do not have an Account Number, go to www.cra.gc.ca/bn.
Payer's information - Enter your legal name, your trade name (if it differs from your legal name), and your complete business address.
Language of correspondence - Enter an X in the appropriate box.
Line 80 - Total number of T5018 slips filed - Enter the total number of all T5018 slips that you are including with the T5018 Summary.
Line 82 - Total construction subcontractor payments - Add the amounts in box 22 on all T5018 slips. Enter the total on line 82.
Person to contact about this return - Enter the name and telephone number of a contact person that we can call to get or clarify information you reported on this information return.
Certification - The authorized person signs and dates the T5018 Summary.
Filing dates
The T5018 information return is due on or before the date that is six months after the end of the reporting period you have chosen.
After you complete this form send it with a copy of the related paper T5018 slips to:
Ottawa Technology Centre
Canada Revenue Agency
875 Heron Road
Ottawa ON K1A 1A2
Penalties
Late filing and failure to file information returns
If you fail to file an information return as and when required, you are liable to a penalty of up to $7,500.
Mandatory electronic filing
If you file more than 50 information returns (slips) for a calendar year and you do not file the information returns by Internet File Transfer in eXtensible mark-up language (XML), you are liable to a penalty of up to $2,500.
For more information, go to www.cra.gc.ca/contract or call 1-800-959-5525.