When it comes to tax compliance, Canadian businesses face a range of forms and requirements that can be difficult to navigate. Two of the most commonly misunderstood forms are the T5018 and the T4A. At first glance, they may seem similar—both deal with payments to contractors—but their purposes and applications are entirely different. Understanding these differences is crucial to avoiding costly errors and ensuring your business stays compliant with CRA regulations. Many business owners, particularly those new to tax reporting,