T5018 Setup (Canadian Localization)

T5018 is the identifier for the "Statement of Contract Payments" report that should be submitted to the Canada Revenue Agency. The "T5018 Setup" page allows users to store some settings this report requires.

You can open this page by searching it or navigating in a Roles Center (i. e. Homebuilder, then select Canada, highlight Setup, and click T5018 Setup).

Field definitions

• Payer's Program Account No.
  • 'RZ' number of the homebuilder company
• Reporting Amount Threshold
  • If the total amount paid to a vendor is more than this Reporting Amount Threshold, then this vendor will not be included in the T5018 report.