Accounting for general contractors in Kingston
General contractors manage subs, holdbacks, and progress draws across long projects. In Kingston, taxifi handles it online: books current every day, filings on time, and a Canadian accountant reviewing and signing every file.
CRA EFILE authorized · Every file reviewed by an accountant · Switching is free — about an hour of your time
General Contractors in Kingston, books handled
Kingston's professional, health, and service businesses are a natural fit for a flat-monthly firm that keeps the books current and files the T2.
For general contractors specifically, taxifi covers the work below as part of one flat monthly price, with Ontario’s HST, WSIB, and Employer Health Tax handled inside the service:
- Progress-billing and holdback tracking
- T5018 subcontractor slips prepared and filed
- Crew payroll and WSIB-ready records
- HST input tax credits on materials and equipment
What we take off a Kingston general contractor’s plate
Holdbacks and progress draws
Construction holdbacks distort what you think you've earned. We track them so your revenue and receivables reflect what you're actually owed and when.
T5018 subcontractor reporting
Every sub payment is tracked through the year and the T5018 slips are prepared and filed on time, with records behind each number.
HST across materials and equipment
Input tax credits on materials, rentals, and equipment are captured on every transaction so your net HST is accurate.
Why Kingston general contractors choose taxifi
Kingston's demand is anchored by institutions — the university, the hospitals, the military, corrections — and its heritage housing stock keeps skilled local businesses busy year-round. It is a smaller market where reputation travels fast, and where owners tend to know their customers better than they know their numbers.
General contractors here carry the same load as anywhere: holdbacks, progress draws, and a bench of subs spread across multiple active jobs. What changes with taxifi is that the books are current every single day and an accountant signs everything — which means every job closes with its true margin on record instead of a best guess.
Common questions
Which of my subcontractors go on T5018 slips?
For a business whose primary activity is construction, payments to subcontractors for construction services get reported on T5018s — incorporated or not, which catches people used to the T4A rules. taxifi keeps a running record of every sub payment on every Kingston job, so slip season is an export rather than an archaeology dig through e-Transfers.
What does CRA see when I bill jobs in progress draws?
Progress billings, deposits, and work-in-progress each affect when income shows up for tax, and a GC's real position is invisible without job-level books — a year can look profitable or terrible depending purely on billing timing. Job costing that is current every day is what makes both your taxes and your quotes honest.
Is taxifi a fit for a smaller Kingston business, or is it built for big companies?
It is built for exactly this size of business — incorporated, owner-run, a handful of staff or none. The flat monthly price is scoped to your actual volume, so a Kingston business isn't paying for capacity it doesn't use. Bigger only means the quote is revisited.
I already have a bookkeeper or accountant in Kingston. How hard is switching?
The switch is free: we deal with your current provider directly, collect your file and history, and take over the monthly work. Any catch-up is scoped and priced before you commit. Your part is about an hour, and mid-year is fine.
Your Kingston general contractor, books and taxes handled
One flat monthly price for incorporated Ontario businesses, quoted live on a short call.
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