Accounting for general contractors in Mississauga
General contractors manage subs, holdbacks, and progress draws across long projects. In Mississauga, 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 Mississauga, books handled
Mississauga's mix of logistics, professional services, and owner-run trades makes it one of Ontario's busiest small-business hubs.
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 Mississauga 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 Mississauga general contractors choose taxifi
Mississauga sits in the working middle of the GTA: the Pearson airport corridor, logistics and distribution, industrial parks, and head offices side by side. Businesses here rarely serve only Mississauga — the jobs, customers, and suppliers spread across the whole region, and the books have to keep up with work that moves.
Layer onto that what general contractors deal with everywhere — holdbacks, progress draws, and a bench of subs spread across multiple active jobs — and the case for taxifi is simple: books kept current daily by AI, filings reviewed and signed by a Canadian accountant, and every job closes with its true margin on record instead of a best guess.
Common questions
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.
How do construction holdbacks work for tax purposes?
Ontario's Construction Act requires a 10% holdback on construction contracts, and holdbacks have their own timing for tax — notably, HST on a holdback amount is generally not due until the holdback becomes payable, not when you first invoice. Books that track holdbacks separately keep that timing right automatically; books that don't overpay early or underpay late.
My jobs run all over the GTA, not just Mississauga. Does that matter?
Not to us — taxifi is fully online, so a Mississauga-based business working in Brampton, Oakville, or downtown Toronto is the normal case, not the exception. What matters is that every job's revenue and costs land in the books correctly, wherever the work happened.
I already have a bookkeeper or accountant in Mississauga. 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 Mississauga general contractor, books and taxes handled
One flat monthly price for incorporated Ontario businesses, quoted live on a short call.
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