Accounting for excavation contractors in Ontario
Excavation contractors run heavy equipment, subcontractors, and project billings, with major capital costs and T5018 reporting.
CRA EFILE authorized · Data stored in Canada · Every file reviewed by an accountant
taxifi · Excavation Contractors
This month
- Bookkeeping Current
- Payroll & source deductions Filed
- HST Filed
- Year-end tax (T2) On track
The problems we take off your plate
Heavy equipment at year-end
Financed machines are major capital costs; they're tracked and claimed over time through capital cost allowance.
T5018 subcontractor reporting
Every sub payment is tracked and the T5018 slips prepared and filed on time.
Project billing and job costing
Costs are organized by project so you can see margin per job, not just a year-end total.
What’s included
One flat monthly price for incorporated Ontario excavation contractors. Everything below is in it.
- Project bookkeeping and job costing
- T5018 subcontractor slips prepared and filed
- Heavy equipment tracked for capital cost allowance
- Crew payroll and WSIB-ready records
- 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 file T5018s for my subs?
Yes. Subcontractor payments are tracked and reported as CRA expects.
Can you handle my equipment financing?
Yes. Equipment is tracked and claimed over time through capital cost allowance.
Books and taxes for your excavation contractor, done
One flat monthly price for Ontario businesses, scoped on a discovery call.
Book a discovery call