Accounting for electricians in Ontario
Electrical contractors juggle materials, subcontractors, and progress billings on jobs that can run for months. The HST on materials is an input tax credit, subs may need T5018 slips, and your crew is on payroll with WSIB coverage.
CRA EFILE authorized · Data stored in Canada · Every file reviewed by an accountant
taxifi · Electricians
This month
- Bookkeeping Current
- Payroll & source deductions Filed
- HST Filed
- Year-end tax (T2) On track
The problems we take off your plate
Bookkeeping after a ten-hour day
You should not be doing data entry at the kitchen table after a full day on site. Our AI reads your bank and card feeds and keeps the books current every day, and an accountant reviews everything.
T5018 subcontractor reporting
If you pay subcontractors, CRA expects T5018 slips. We track every payment to every sub through the year, prepare the slips, and file them on time.
HST input tax credits on materials
The HST on materials, fuel, tools, and equipment rentals is money you can claim back. We capture it on every transaction so your input tax credits are complete.
Crew payroll and WSIB
Payroll runs on schedule and source deductions go to CRA on time. T4s are ready at year-end and your records stay WSIB-ready, so a clearance request is a non-event.
What’s included
One flat monthly price for incorporated Ontario electricians. Everything below is in it.
- Job-by-job bookkeeping so you know which contracts actually made money
- T5018 subcontractor slips prepared and filed
- Crew payroll, source deductions, and WSIB-ready records
- HST input tax credits captured on every materials purchase
- Year-end corporate tax (T2), included
| Area | A typical setup | With taxifi |
|---|---|---|
| Your books | Weeks or months behind | Current every day |
| Year-end (T2) | A spring scramble, billed extra | Included, no surprise invoice |
| Your accountant | Metered by the hour | Unlimited questions, flat monthly |
Common questions
Do you handle T5018s for the subs I pay?
Yes. We track every subcontractor payment through the year and prepare the T5018 slips CRA expects from construction businesses.
Can you keep my records WSIB-ready?
Yes. Clean payroll records all year make WSIB premium filings and clearance certificates a non-event.
Books and taxes for your electrical contractor, done
One flat monthly price for Ontario businesses, scoped on a discovery call.
Book a discovery call