Accounting for general contractors in London
General contractors manage subs, holdbacks, and progress draws across long projects. In London, 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 London, books handled
London, Ontario supports a broad base of professional practices, trades, and health businesses that benefit from current books and included year-end tax.
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 London 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.
Common questions
Do you work with general contractors in London?
Yes. taxifi works with incorporated general contractors across London and the rest of Ontario. Everything happens online, with books current every day, filings on time, and your data stored in Canada, so there is no office visit to schedule.
What does taxifi handle for a London general contractor?
Monthly bookkeeping, payroll and source deductions, HST returns, and the year-end corporate tax return (T2), all under one flat monthly price, reviewed and signed by a Canadian accountant. Ontario specifics like WSIB and the Employer Health Tax are part of the service.
I already have a bookkeeper or accountant in London. 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 London general contractor, books and taxes handled
One flat monthly price for incorporated Ontario businesses, quoted live on a short call.
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