Correcting errors on a T5018 filing form for Canadian businesses
Mistakes happen. Filing a T5018 form is no exception, and errors are more common than many business owners realize. Construction businesses in Canada rely on T5018 filings to comply with CRA regulations, ensuring subcontractor payments are reported accurately. It’s a vital part of the tax compliance process, and even small errors—like a typo or an incorrect payment amount—can snowball into larger issues. If you’ve realized that a mistake has slipped through on your T5018 filing, don’t worry. The CRA provides