Line 295 - If the corporation's major business activity is construction, did you have any subcontractors during the tax year?
Line 295 - If the corporation's major business activity is construction, did you have any subcontractors during the tax year?
Tick the yes or no box.
Major business activity
All individuals, partnerships, and corporations whose principal business activity is construction have to report payments made to subcontractors. For these purposes, construction is defined as erecting, installing, altering, modifying, repairing, improving, demolishing, dismantling, or removing any structure or part, including but not limited to buildings, roads, and bridges.
Who is a subcontractor?
A subcontractor is an individual, partnership, or corporation that provides construction services.
For more information, go to canada.ca/t5018-slip.
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