Tax Accountant for Paving Companies in Ontario and Across Canada
We put your pavers and trucks in the right CCA class, file your T5018 subcontractor slips, accrue your holdbacks and work-in-progress, and job-cost every parking lot and driveway so you see real profit. Whether you pave residential driveways, commercial parking lots or municipal roads, we handle the construction books, the WSIB and the bonding financials, smooth the seasonal cash flow, and plan the salary, dividends and eventual sale of your paving corporation — with AFFORDABLE flat fees.
AFFORDABLE Paving Company Tax Accountant
A paving company lives or dies on margin, and equipment, asphalt material, subcontractors and holdbacks all eat into it before the profit ever reaches your T2. The season is short, the cash swings hard from summer to winter, and construction is a standing CRA audit target. That is why you need a paving contractor accountant who knows the trade. At Gondaliya CPA, we specialize in job costing and corporate tax planning for paving companies, putting your pavers and trucks in the right CCA class, filing your T5018 slips, and accruing holdbacks and work-in-progress — AFFORDABLE flat-fee support that keeps you CRA-compliant and stops you paying more tax than you owe.
As an asphalt company accountant, we work with residential driveway paving contractors, commercial parking-lot and asphalt contractors, municipal and road-building (MTO) contractors, and sealcoating and line-marking crews across Ontario, with year-round support rather than a once-a-year scramble. We tell you plainly what you can deduct, what you cannot, and where the real profit sits on each job.
Let us handle the numbers so you can focus on the paving that actually pays you.
Our Official Partners
Accounting That Understands How a Paving Business Actually Works
Running a paving company comes with financial pressures a desk-bound business never faces. You carry heavy equipment, you pay subcontractors and crews, you buy asphalt and aggregate by the tonne, and you wait on holdbacks while the season closes in on you. At Gondaliya CPA, we understand the financial reality of an asphalt and road-building business and provide practical, paving-focused solutions across the GTA and all of Ontario.
Stay Compliant and Minimize Your Paving Company Tax
For a paving contractor, staying onside with CRA and WSIB and paying the least legal tax are the same job. We keep every filing on schedule while claiming every equipment and job cost the T2 allows, so nothing is missed and nothing invites a reassessment.
Accounting & Tax Experts for Paving Companies
- AFFORDABLE + Fully Licensed CPA Firm
- Business and Corporate Tax Expert
- Small & Medium Business Expert
- Accounting, bookkeeping, and tax filing
- Certified CPA
- 1300+ 5-star Google reviews
- 30-Day Money-Back Guarantee
- 60-Day Fees Matching Policy
Why Choose Our Accounting Services for Paving Companies?
Tax Planning — Equipment & Trade Expertise
We know the fleet: pavers, rollers, graders and loaders in Class 38 at 30%, dump trucks in Class 10, tools in Class 8. We plan the section 85 rollover, protect the $500,000 Small Business Deduction, and set up the $1.25M LCGE for an eventual sale.
Consulting — Job-Costed Construction Bookkeeping
Our bookkeeping tracks materials, labour, subs and equipment against every job, so you know the real margin on a driveway versus a parking lot versus a municipal road. We carry work-in-progress and holdback, and tie your HST returns to job revenue.
CRA Representation — Trade Audit & Payroll
When CRA questions your subcontractor classification, your T5018 slips, or your crew payroll, we prepare the response, defend the subcontractor-versus-employee position, reconcile WSIB, and pursue relief on Form RC4288 where penalties came from a prior error.
Bookkeeping — Growth, Financing & Bonding
We prepare the CPA financial statements equipment financing and surety bonding require, structure the books so a lender sees stable margins, and get you ready to hire crews and take on larger municipal and commercial paving contracts.
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Paving Company Clients
Paving Company Tax and Accounting Services in Ontario
Corporate Tax Filing for Paving Companies
Professional T2 preparation with Schedule 8 CCA on your fleet, work-in-progress and holdback, and CRA compliance on every line.
Accounting & Bookkeeping for Paving Companies
Job-costed bookkeeping with financial statements, clean records, and monthly reporting built for an asphalt and road-building business.
Corporate Tax Planning for Paving Companies
Smart tax planning to protect the Small Business Deduction, time equipment purchases, and plan salary, dividends and sale.
Catch-Up Corporate Tax Filing for Paving Companies
File overdue T2 and T5018 years, rebuild missing job records, and get back into CRA compliance with accurate catch-up support.
GST/HST Filing for Paving Companies
AFFORDABLE HST filing with full input tax credits on asphalt, aggregate and equipment, matched to your T2 to avoid CRA penalties.
Corporate Tax Cleanup for Paving Companies
Correct equipment CCA classes, restate holdback and work-in-progress, and bring every filing fully compliant and up to date.
CRA Audit Resolution Services for Paving Companies
Expert support for subcontractor-versus-employee audits, T5018 penalties, WSIB and cash-deposit reviews, with confidence.
CPA Compilation Report (Notice to Reader) for Paving Companies
CPA-compiled financial statements that surety bonding companies and equipment lenders accept for municipal and MTO contracts.
Incorporation Services for Paving Companies
Full incorporation including NUANS, articles, share structure, and the section 85 rollover from your unincorporated paving business.
Accounting & Tax Services Tailored for Paving Companies
Real, practitioner-level CPA expertise for residential driveway, commercial parking-lot, municipal road-building and sealcoating contractors across Ontario — built for how an asphalt paving business actually runs.
- We prepare your T2 paving corporation return with GIFI on Schedule 100, reporting paving contract revenue, asphalt cost and hauling on their correct lines, so CRA’s automated review does not flag your file for a construction desk audit.
- We claim capital cost allowance on Schedule 8 with your pavers, rollers and graders in CCA Class 38 paving equipment at the 30% Class 38 CCA rate, because most companies under-claim the fleet and hand CRA tax they never owed.
- We place your dump trucks in CCA Class 10 dump trucks and your compaction plates in Class 8 paving tools on Schedule 8, keeping each asset in its correct class so a CRA equipment review cannot disallow an inflated first-year claim.
- We accrue work-in-progress construction on incomplete jobs at year-end so revenue and cost match on your T2, because leaving a half-finished municipal road contract off the books overstates one year’s profit and invites a CRA reassessment.
- We record the 10% construction holdback as a holdback receivable accrual rather than income until it is certified and released under the Construction Act, so your corporation is not taxed on cash it has not yet been paid.
- We build construction job costing software in Sage 50 construction accounting so asphalt material cost, crew wages and subcontractor hauling post to each project, giving you the real margin per job that CRA also expects to support cost of sales on your T2.
- We run your day-to-day accounting and bookkeeping for paving companies in QuickBooks Online for paving companies with Hubdoc receipt capture on every fuel, aggregate cost and repair, so you hold the six years of records CRA requires and never lose a deduction.
- We connect Jobber for paving contractors to your file so quotes and deposits on each parking lot flow into the books as work-in-progress inventory rather than as revenue CRA would otherwise tax too early on your T2.
- We reconcile bank, equipment lease and credit accounts monthly in Xero for paving business and run pay through Wagepoint paving payroll, remitting the PD7A payroll remittance so a missed payroll never triggers a CRA penalty.
- We track the holdback receivable and release schedule on each contract in the books, so accounts receivable is accurate for a bank or surety and you are not chasing certified amounts the 10% Construction Act holdback already entitles you to.
- We set the dividend vs salary paving mix for your corporation’s owners, paying enough T4 salary to build RRSP room and CPP while the balance flows as dividends, so the combined tax CRA collects on your paving company tax planning is minimized.
- We keep your active income under the $500,000 Small Business Deduction taxed at the 12.2% Ontario small business rate, watching CRA’s associated-corporation and passive-income rules that grind the limit down and push profit to the general rate.
- We model equipment lease vs buy paving on a new paver and time the purchase before your fiscal year-end, so the half-year rule and heavy equipment financing terms give the largest first-year CCA deduction against a profitable season.
- We handle seasonal smoothing by projecting instalments and setting aside HST and payroll while timing asphalt and equipment purchases, so answering how do I manage seasonal cash flow, a slow winter never leaves you short when CRA and WSIB come due.
- We plan years ahead so your shares qualify for the $1.25M Lifetime Capital Gains Exemption, purifying the corporation of non-active assets so selling my paving business tax is deferred and a future buyer’s purchase escapes tax you would otherwise pay.
- We handle catch-up corporate tax filing for paving companies, reconstructing revenue and costs from bank deposits and job records where no bookkeeping exists, so CRA cannot arbitrarily assess your paving corporation’s income on its own estimate and overcharge you.
- Late filing costs the 5% plus 1% per month late filing penalty of the balance owing up to twelve months, so we file your oldest unfiled T2 first to stop the penalty compounding and limit the arrears interest CRA charges.
- We prepare the unfiled T5018 statement of contract payments for every year you paid hauling and paving subcontractors, filing them with the catch-up returns so CRA does not add the $100 per slip T5018 penalty on top of the late T2.
- We file an RC4288 taxpayer relief request to cancel penalties and interest on the arrears where illness, a prior bookkeeper’s error or genuine hardship applies, covering the ten years CRA allows and saving your paving business real money.
- We rebuild the undepreciated capital cost pools across the unfiled years so missed CCA on your fleet is recovered, and any recapture paving equipment on machines you sold is reported correctly rather than surfacing later as a CRA reassessment.
- Because paving, sealcoating and line-painting are taxable at 13% HST, we handle your GST/HST filing for paving companies, set the right tax codes on every invoice, and answer do I charge HST on paving so CRA never assesses tax you should have charged.
- You must register once taxable revenue passes the $30,000 HST registration threshold across four consecutive quarters, and we track the exact quarter you cross so CRA cannot assess back-tax on paving invoices where you never collected it.
- We claim the input tax credit asphalt materials, liquid asphalt cost and equipment carry, recovering the HST on line 108 of your return instead of overpaying CRA and quietly eroding the margin on every job.
- Because your credits on materials and equipment are large, we compare the regular method against the GST quick method construction each year and elect whichever remits less HST to CRA, keeping more cash in the business.
- We reconcile the HST on your returns to the revenue on your T2 for construction CRA compliance, because CRA’s matching program compares the two and a paving company whose figures disagree is among the fastest files selected for audit.
- We file an amended T2 paving return to move pavers and rollers a prior preparer buried in the wrong class into Class 38, restoring the 30% capital cost allowance and the undepreciated pool CRA lets your corporation claim every year going forward.
- We clean up the shareholder loan and report it on Schedule 50 shareholder loan, because a balance the owner owes past two year-ends is added to personal income under ITA subsection 15(2) shareholder loan, a costly surprise we prevent.
- We review whether your regular crew are truly subcontractors under subcontractor vs employee classification, because CRA can reassess back CPP, EI and payroll on years of crew wages that should have been on a T4, so we fix the treatment first.
- We restate prior years where work-in-progress accrual and holdback were ignored, matching revenue to cost on each contract, so a season’s profit is not double-counted on the T2 and CRA is not taxing your corporation twice on the same municipal job.
- We recover the coloured fuel off-road diesel credits burned in your pavers that a prior preparer expensed without claiming the rebate, filing the adjustment before the four-year CRA reassessment window closes and putting the refund back in the business.
- When CRA opens a construction audit, our CRA audit resolution for paving companies manages the entire file and answers the T5018, equipment and crew-wage queries inside the deadlines, so a review of one year does not expand into a reassessment of three prior years.
- Where CRA proposes penalties for late or missing T5018 subcontractor reporting, we assemble the contract-payment records and argue the assessment down or away, saving a paving contractor who pays dozens of subs thousands of dollars.
- We resolve WSIB premium remittance reviews by reconciling reported crew wages and subcontractor payments to your T4 summary, answering how do I handle WSIB, because WSIB treats an unregistered sub as your worker and back-charges premiums you can dispute.
- When CRA runs indirect verification of income on a cash-heavy paving business, comparing bank deposits and lifestyle to reported revenue, we prepare the source-and-application-of-funds reconciliation and answer the query within the 30-day deadline before CRA assesses the gap.
- We file the Notice of Objection within 90 days of a CRA reassessment and pursue relief where a prior accountant’s error caused the penalties, protecting your right to the Tax Court and saving interest your paving corporation should not carry.
- We prepare the CSRS 4200 CPA compilation report for paving companies, the notice to reader for paving companies a surety underwriter and a bank require across two fiscal years before they will issue a bond or approve equipment financing.
- We build the working-capital and equity picture surety bonding paving underwrites, presenting holdback receivable and work-in-progress correctly on the balance sheet and tying them to the T2, so your paving bonding financial statements qualify you for MTO contract capacity.
- Lenders financing a new paver or dump truck want two years of compiled statements showing stable margins, so we present your equipment, debt and job revenue with the T2 in the format a bank credit desk expects, getting heavy equipment financing approved faster.
- For prequalification with municipalities and the Ontario Road Builders Association, we produce reviewed or audited statements where a compilation is not enough, so your paving company meets the thresholds a fair wage public contract and MTO road contract compliance require.
- The CSRS 4200 report discloses that no audit or review was performed and sets the basis of accounting, delivered within 30 days so a conditional bonding approval and prompt payment construction milestones are not lost before the paving season starts.
- We handle incorporation services for paving companies under the Ontario Business Corporations Act with a NUANS search and articles, answering should I incorporate my paving business by giving you the limited liability an unincorporated business never offered against equipment debt and lawsuits.
- We complete the ITA section 85 rollover on Form T2057, a section 85 rollover paving move that transfers your pavers, dump trucks and goodwill into the new corporation at elected amounts, deferring the capital gain and recapture a straight sale would trigger for CRA.
- We complete your WSIB registration paving before the first crew starts, because construction work makes coverage mandatory from day one and an unregistered contractor faces retroactive premiums plus penalties that immediate registration avoids.
- We open the corporation’s CRA Business Number, GST/HST and payroll for paving companies accounts, set source-deduction remittances, and close the old unincorporated business accounts so your business never files or remits the same revenue twice.
- We set the opening balance sheet, minute book, share classes and first fiscal year-end 53 weeks out, so dividends can later be split, the business is ready for a paving business valuation or sale, and the first T2 and CRA balance-due date are deferred.
Paving Company Tax & Equipment Check
Six quick questions on your equipment CCA, subcontractor slips, holdbacks and job costing. No fee shown.
1. Are you filing T5018 slips for your hauling and crew subcontractors?
2. Are your pavers, rollers and trucks in the right CCA class?
3. Are you accruing holdback and work-in-progress at year-end?
4. Are you job-costing each project to see its true margin?
5. Is your paving business incorporated?
6. Are you registered with WSIB and tracking premiums on crew wages?
Free CPA Consultation for Paving Companies
Case Studies: Paving Company Accounting & Tax
Toronto Asphalt Paving Corporation — Equipment CCA Reclassified
The problem: A Toronto asphalt paving corporation had two pavers, three rollers and a fleet of dump trucks that a prior preparer had dumped into a single low-rate CCA class, so the company was under-claiming capital cost allowance every year while its short summer season pushed profit straight to the general corporate tax rate. Holdbacks and work-in-progress were never accrued, which inflated the profit CRA taxed in a year two large parking-lot contracts closed.
What we did: We rebuilt Schedule 8, moving the pavers and rollers into Class 38 at 30% and the dump trucks into Class 10, filed an amended T2 to recover the missed depreciation, and accrued the 10% holdback and work-in-progress so revenue matched cost across the seasons.
The result:
- Saved $27,800 in corporate tax in the first corrected year
- Recovered $41,500 of previously unclaimed CCA on the fleet
- Smoothed profit so the Small Business Deduction was preserved
Brampton Paving Contractor — Subcontractor, T5018 & Payroll Fixed
The problem: A Brampton paving contractor paid hauling and crew subcontractors in cash and by e-transfer, filed no T5018 Statement of Contract Payments for three seasons, and treated a full-time crew as subcontractors — each unfiled slip an exposure to the $100-per-slip penalty and a live subcontractor-versus-employee reassessment risk on CPP, EI and payroll, all riding on a set of books kept in spreadsheets.
What we did: We rebuilt the books in Sage 50, filed all outstanding T5018 returns, reclassified the true employees onto payroll through Wagepoint with proper PD7A remittances and WSIB coverage, and filed an RC4288 taxpayer relief request on the accumulated penalties.
The result:
- All T5018 penalties cancelled under Form RC4288
- Payroll and WSIB brought fully compliant before CRA review
- Reduced bookkeeping and payroll time by 9 hours per week
Ottawa Road-Building Contractor — Holdback, WIP & Bonding
The problem: An Ottawa road-building contractor bidding municipal and MTO work was booking every progress billing as immediate revenue and ignoring the 10% Construction Act holdback, so its financial statements swung wildly and understated working capital — and its surety had cut the bonding limit, blocking the contractor from tendering on the larger road contracts it wanted.
What we did: We restated the books to carry work-in-progress and holdback receivable, applied percentage-of-completion on the longer contracts, prepared CSRS 4200 compiled financial statements the surety accepted, and tied the whole file to a clean T2 with GIFI.
The result:
- Bonding capacity restored and raised for larger MTO tenders
- Saved $18,600 in tax by correcting premature revenue recognition
- Financial statements accepted by the surety and the bank
Our clear, efficient process ensures every step is transparent, building trust and long-term client relationships.
Kickoff (Document Request)
Collect prior T2 returns, your equipment list, job and contract records, subcontractor list, WSIB account, and bank statements.
First 30 Days (Cleanup & Setup)
Set up QuickBooks Online, Sage 50 or Foundation Software, build the job-costing chart of accounts, classify equipment CCA, and configure T5018 tracking.
Monthly Close
Monthly reconciliations, receipt capture, job costing, HST tracking, and subcontractor payment logging.
Quarterly Planning Review
Salary and dividend mix, HST, equipment timing, work-in-progress and holdback review, and bonding position.
Year-End Close & T2 + T5018 Filing
Trial balance, financial statements with WIP and holdback, T2 with GIFI, T5018 filing, and CRA preparation.
Get Your Paving Company Taxes Done Right Today
Affordable Pricing for Paving Companies
We believe in clear, upfront pricing so you know exactly what to expect. All fees include HST.
- Tax Preparation (Corporation) — From $400
- Tax Return Filing (Corporation) — From $400
- Tax Compliance Audit — FREE CRA audit support for our clients
- Tax Strategy — FREE for our clients
- Accounting Base Plan — From $100 per month
- Bookkeeping Management — Free for our Accounting clients
- Financial Reporting — Free for our Accounting clients
- Business Formation — Flat $35
- Incorporation Process — Flat $35
- Entity Setup Assistance — Flat $35
- Full-Service Payroll — From $125 per month
Payment is by Interac e-Transfer to info@gondaliyacpa.ca only. Security question: Not Applicable, as auto-deposit is enabled.
Meet Your Lead Paving Company Accountant
Meet your lead paving company accountant. As your construction and corporate tax adviser, you deal with the same two people every year.
What Our Clients Say
1300+ five-star reviews from paving contractors and small-business owners across Ontario and Canada.
Serving Paving Companies Across Ontario
Our CPA team provides specialized accounting and tax solutions for asphalt and road-building contractors throughout Ontario. We understand how a paving business actually operates, what CRA and WSIB look at on a construction file, and how to keep the fleet, the holdbacks and the bonding financials in order.
Toronto (ON)
55 Queen St E Ste 1205, Toronto, ON M5C 1R6, Canada
+1 (647) 212-9559
9:00 AM – 8:30 PM (Mon – Sun)
Mississauga (ON)
2100 Camilla Rd #716, Mississauga, ON L5A 2J8
+1 (647) 212-9559
9:00 AM – 8:30 PM (Mon – Sun)
Brampton (ON)
4 Starhill Crescent, Brampton, ON L6R 2P9, Canada
+1 (647) 212-9559
9:00 AM – 8:30 PM (Mon – Sun)
Scarborough (ON)
24 Clementine Square, Scarborough, ON M1G 2V7, Canada
+1 (647) 212-9559
9:00 AM – 8:30 PM (Mon – Sun)
Vaughan (ON)
19 Cabinet Crescent, Woodbridge, ON L4L 6H9, Canada
+1 (647) 212-9559
9:00 AM – 8:30 PM (Mon – Sun)
Oshawa (ON)
210 Durham St, Oshawa, ON L1J 5R3, Canada
+1 (647) 212-9559
9:00 AM – 8:30 PM (Mon – Sun)
Ottawa (ON)
2090 Neepawa Ave a314, Ottawa, ON K2A 3L6, Canada
+1 (647) 212-9559
9:00 AM – 8:30 PM (Mon – Sun)
Etobicoke (ON)
60 Stevenson Rd #1601, Etobicoke, ON M9V 2B4, Canada
+1 (647) 212-9559
9:00 AM – 8:30 PM (Mon – Sun)
Hamilton (ON)
70 Starling Dr, Hamilton, ON L9A 0C5, Canada
+1 (647) 212-9559
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Guelph (ON)
1155 Gordon St, Guelph, ON N1L 1S8, Canada
+1 (647) 212-9559
9:00 AM – 8:30 PM (Mon – Sun)
Windsor (ON)
4387 Guppy Ct, Windsor, ON N9G 2N8, Canada
+1 (647) 212-9559
9:00 AM – 8:30 PM (Mon – Sun)
North York (ON)
150 Graydon Hall Dr #912, North York, ON M3A 3B2, Canada
+1 (647) 212-9559
9:00 AM – 8:30 PM (Mon – Sun)
Paving Company Accounting & Tax FAQs
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Paving Company Accounting & Tax Done Right.
T2 filing, Class 38 equipment CCA, T5018 subcontractor slips, holdback and work-in-progress accrual, HST, WSIB, job costing and bonding financials under one roof. AFFORDABLE flat fees, no hourly billing. Licensed CPA Ontario. 1300+ five-star reviews. 30-Day Money-Back Guarantee.