Accountant for Concrete Contractors in Ontario and Across Canada
We job-cost every pour against the ready-mix ordered, put your pumps, trowels and trucks in the right CCA class, file your T5018 finisher slips, accrue your holdbacks and work-in-progress, and claim your apprenticeship credit so you see real profit. Whether you pour foundations and formwork, do driveways and flatwork, run decorative and stamped concrete, or operate concrete pumps, we handle the construction books, the ready-mix and material costing, the WSIB and the bonding financials, smooth the seasonal cash flow, and plan the salary, dividends and eventual sale of your concrete corporation — with AFFORDABLE flat fees.
AFFORDABLE Concrete Contractor Tax Accountant
A concrete business runs on margin, and ready-mix concrete billed by the cubic yard, rebar and subcontracted finishers all eat into it before the profit ever reaches your T2. Subcontracted crews mean T5018 and payroll risk, cash driveways put you on CRA’s underground-economy list, and holdbacks distort your year-end. That is why you need a concrete contractors accountant in Ontario who knows the trade. At Gondaliya CPA, we specialize in job costing and corporate tax planning for concrete contractors, putting your pumps, trowels 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 a concrete business accountant, we work with foundation and forming contractors, flatwork and driveway contractors, decorative and stamped concrete contractors, and concrete pumping and finishing 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 foundation, flatwork and decorative pour.
Let us handle the numbers so you can focus on the work that actually pays you.
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Accounting That Understands How a Concrete Business Actually Works
Running a concrete business comes with financial pressures a desk-bound business never faces. You buy ready-mix by the cubic yard, rebar and formwork lumber by the load, you pay subcontracted finishers and pump crews, and you wait on holdbacks while you pour against the weather. At Gondaliya CPA, we understand the financial reality of a foundation, flatwork and decorative concrete business and provide practical, concrete-focused solutions across the GTA and all of Ontario.
Stay Compliant and Minimize Your Concrete Contractor Tax
For a concrete 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 material and job cost the T2 allows, so nothing is missed and nothing invites a reassessment.
Accounting & Tax Experts for Concrete Contractors
- 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 Concrete Contractors?
Tax Planning — Equipment & Trade Expertise
We know the assets: power trowels, screeds and forms in Class 8 at 20%, concrete pumps and skid steers in Class 38 at 30%, work trucks in Class 10, small tools under $500 in Class 12 at 100%. We claim the apprenticeship credit, plan the section 85 rollover, and protect the $500,000 Small Business Deduction.
Consulting — Job-Costed Concrete Bookkeeping
Our bookkeeping tracks ready-mix, rebar, labour and subs against every pour, so you know the real margin on foundations versus flatwork versus decorative concrete. 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 cash deposits, we prepare the response, defend the finisher-versus-employee position, handle underground-economy reviews, 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 commercial foundation and structural contracts.
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Concrete Contractor Clients
Concrete Contractor Tax and Accounting Services in Ontario
Corporate Tax Filing for Concrete Contractors
Professional T2 preparation with Schedule 8 CCA on your pumps, power trowels and trucks, work-in-progress and holdback, and CRA compliance on every line.
Accounting & Bookkeeping for Concrete Contractors
Job-costed bookkeeping with financial statements, clean records, and monthly reporting built for a foundation, flatwork and decorative concrete business.
Corporate Tax Planning for Concrete Contractors
Smart tax planning to protect the Small Business Deduction, claim the apprenticeship credit, time equipment purchases, and plan salary, dividends and sale.
Catch-Up Corporate Tax Filing for Concrete Contractors
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 Concrete Contractors
AFFORDABLE HST filing with full input tax credits on ready-mix, rebar, formwork and equipment, matched to your T2 to avoid CRA penalties.
Corporate Tax Cleanup for Concrete Contractors
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 Concrete Contractors
Expert support for subcontractor-versus-employee audits, T5018 penalties, WSIB and underground-economy cash-deposit reviews, with confidence.
CPA Compilation Report (Notice to Reader) for Concrete Contractors
CPA-compiled financial statements that surety bonding companies and equipment lenders accept for larger commercial contracts.
Incorporation Services for Concrete Contractors
Full incorporation including NUANS, articles, share structure, and the section 85 rollover from your unincorporated concrete business.
Accounting & Tax Services Tailored for Concrete Contractors
Real, practitioner-level CPA expertise for foundation, flatwork, decorative and concrete pumping contractors across Ontario — built for how a concrete business actually runs.
- We prepare your T2 filing for concrete contractors with GIFI on Schedule 100, reporting concrete contract revenue and foundation pour income on their correct lines against the $500,000 small business limit, so CRA’s automated review never flags your concrete corporation for a construction desk audit.
- We claim capital cost allowance on Schedule 8, placing your power trowel and screed in CCA Class 8 concrete equipment at the 20% Class 8 rate, because most concrete contractors under-claim this equipment and hand CRA tax they never actually owed.
- We put your concrete pump in CCA Class 38 at 30%, your work truck in Class 10 at 30%, and small tools under $500 in Class 12 at 100%, so a CRA equipment review cannot disallow an inflated first-year capital cost allowance claim.
- We carry work-in-progress and the 10% holdback under the Construction Act on incomplete foundation contracts so revenue matches cost on your T2, because reporting a multi-month commercial pour as one lump overstates a single year’s profit and invites a CRA reassessment.
- We file Schedule 31 to capture the credit for your cement-finisher apprentices and present holdback receivable on the balance sheet tied to your T2 GIFI, so CRA does not tax your concrete corporation at 12.2% on the 10% holdback cash the customer legally retains.
- We build job costing for concrete contractors in Knowify so ready-mix concrete billed by the cubic yard, rebar and crew labour post to each pour, because a 5% costing error on cost of sales quietly erases the profit CRA expects your T2 to show.
- We run your day-to-day bookkeeping in QuickBooks Online with Dext receipt capture on every formwork lumber and fuel purchase, so you hold the six years of records CRA requires and never lose the 13% HST input tax credit on a receipt you cannot produce.
- We track cold-weather heating and hoarding costs on each winter pour in Sage 50, separating concrete admixtures from subcontracted crew costs, because heating that reaches 10% of a job’s cost erodes a margin CRA still expects your cost of sales to explain.
- We connect Buildertrend to your file so a customer deposit on a driveway and flatwork job flows in as work-in-progress rather than revenue CRA would tax too early, deferring tax on a $40,000 deposit until the slab is poured and billed.
- We reconcile bank and equipment-loan accounts monthly in Foundation Software and run payroll for concrete contractors through Wagepoint, remitting the PD7A so a missed source deduction never draws the 10% CRA payroll penalty on your crew wages.
- We set the salary vs dividend mix for owners, paying T4 salary to the $68,500 CPP maximum earnings while the balance flows as dividends against foundation pour and flatwork profit, so the combined tax CRA collects on your concrete corporation is minimized.
- We protect the section 125 small business deduction so your active decorative concrete revenue is taxed at the 12.2% Ontario small business rate, watching CRA’s associated-corporation and passive-income rules that grind the $500,000 limit down to the general rate.
- We model lease versus buy on a new skid steer and time the purchase before your December 31 year-end, so the half-year rule still delivers a first-year 30% Class 38 capital cost allowance under ITA 20(1)(a) and defers tax CRA would otherwise collect.
- We claim the apprenticeship job creation tax credit for each apprentice, worth 10% of eligible apprentice wages up to $2,000 per apprentice per year for the first 24 months, so your concrete corporation recovers tax CRA would otherwise keep.
- We plan years ahead so your shares qualify for the $1.25M lifetime capital gains exemption, purifying the concrete company of non-active assets and watching the section 84.1 anti-surplus rule, so a future sale is tax-deferred and a buyer’s purchase escapes CRA tax.
- We handle the catch-up corporate tax return for concrete contractors, reconstructing unfiled T2 revenue and costs from bank deposits and job records where no bookkeeping exists, so CRA cannot arbitrarily assess your concrete business at $10,000 or more above what you actually owe.
- 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 your concrete company.
- We prepare the unfiled T5018 Statement of Contract Payments for every year you paid subcontracted finishers, filing them with the catch-up returns so CRA does not stack the per-slip T5018 penalty and interest on top of the late T2 within twelve months.
- We file an RC4288 taxpayer relief request to cancel penalties and interest where illness, a prior bookkeeper’s error or genuine hardship applies, covering the ten years CRA allows and saving your concrete business real money on the arrears.
- We rebuild the undepreciated capital cost pools across the unfiled years so missed capital cost allowance on your forms, floats and finishing tools is recovered across the last three CRA-reassessable years, and recapture on equipment you sold is reported correctly.
- Because concrete services and concrete pumping are taxable at 13% HST in Ontario, we handle your HST filing for concrete contractors and set the right tax codes on every invoice, so CRA never assesses the tax you should have charged and reassesses interest on top.
- You must register for GST/HST once taxable revenue passes the $30,000 registration threshold across four consecutive quarters, and we track the exact quarter you cross so CRA cannot assess back-tax on sidewalk and curb work where you never collected it.
- We claim the input tax credits on rebar and mesh and your equipment purchases, recovering the 13% HST on line 108 of your GST/HST return, so you stop overpaying CRA and eroding the margin on every commercial pour.
- Because your input tax credits on materials and equipment are large, we compare the regular method against the GST/HST Quick Method filed on Form GST74 each year, checking the $400,000 eligibility limit, and elect whichever remits less HST to CRA and keeps more cash.
- We reconcile the HST on your returns to the revenue on your T2 for construction compliance, because CRA’s matching program compares the two and a concrete contractor whose figures disagree by even 5% is among the fastest files selected for audit.
- We file an amended T2 to move a concrete mixer a prior preparer buried in the wrong class into Class 8 at 20%, restoring the capital cost allowance and undepreciated pool CRA lets your concrete corporation claim every year going forward.
- We clean up the shareholder loan and report it on Schedule 50, because a balance the owner owes past two year-ends is added to personal income by CRA under subsection 15(2), a costly surprise on your concrete corporation we prevent.
- We review whether your regular crew are truly subcontractors under CRA’s rules, because CRA can reassess back CPP, EI and payroll on up to three prior years of wages that belonged on a T4, so we fix the treatment and file amended slips first.
- We restate prior years where progress billing and the 10% holdback were ignored, matching revenue to cost on each foundation contract, so a season’s profit is not double-counted on the T2 and CRA is not taxing your concrete corporation twice on the same $50,000.
- We reclassify subcontracted labour a prior bookkeeper mislabelled and recover the input tax credits on materials expensed without the claim, filing the adjustment before the four-year CRA reassessment window closes and putting the refund back in your concrete business.
- When CRA opens a construction audit, our CRA audit help for concrete contractors manages the whole file and answers the T5018, equipment and labour-cost 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 T5018 contract payments on your rebar crews and pump operators, we assemble the contract-payment records and argue the assessment of $100 each slip down or away, saving a concrete contractor who pays several crews thousands of dollars.
- We resolve WSIB premium reviews by reconciling reported crew and subcontractor payments to your T4 summary, because WSIB treats an unregistered subcontractor as your worker and back-charges the WSIB premiums over the last two years you can dispute.
- When CRA runs indirect verification of income on a cash-heavy concrete business, comparing bank deposits to reported residential concrete income, we prepare the source-and-application-of-funds reconciliation and answer within the 30-day deadline before CRA assesses the underground-economy gap.
- We file the Notice of Objection within 90 days of a CRA reassessment and pursue relief on Form RC4288 where a prior accountant’s error caused the penalties, protecting your right to the Tax Court and the interest your concrete corporation should not carry.
- We prepare the CSRS 4200 CPA compilation report, the financial statements a surety underwriter and a bank require across two fiscal years and tie to your T2, before they issue a bond or release financing on a new laser screed or batching plant.
- We build the working-capital and equity picture a surety underwrites, presenting amounts retained under the 10% Construction Act holdback and unbilled contract work correctly on the balance sheet and tying them to your T2, so your bonding statements win commercial contracts worth over $1M.
- Lenders financing a boom pump or dump trailer want two fiscal years of compiled statements showing stable margins, so our accounting firm for concrete contractors presents your equipment, debt and contract revenue with the T2 a bank credit desk expects, approving financing faster.
- For prequalification with general contractors, we produce reviewed or audited statements where a compilation is not enough, tying them to your T2 so your concrete company meets the thresholds a commercial contract and the Construction Act’s 28-day prompt-payment window require.
- The CSRS 4200 report discloses no audit or review was performed and sets the basis of accounting, tied to your T2 and delivered within 30 days so conditional bonding approval and prompt-payment milestones under the Construction Act are not lost.
- We register your concrete business under the Ontario Business Corporations Act, answering should I incorporate my concrete business by dropping CRA tax on retained profit to the 12.2% small-business rate, so the cash left to buy the next power float is taxed lightly.
- We complete the section 85 rollover on Form T2057, transferring your concrete equipment, work vehicles and goodwill into the new concrete corporation at elected amounts, deferring the capital gain, its 50% inclusion and the recapture a straight sale would trigger for CRA.
- We complete your WSIB registration within the 10-day deadline before the first crew starts and open payroll so the first PD7A remittance and premiums are correct, sparing an unregistered concrete contractor the retroactive premiums and penalties immediate registration avoids.
- As your concrete business accountant in Ontario we open the corporation’s CRA Business Number, register the GST/HST account once revenue passes $30,000, and set up invoicing in Jobber, so you never remit the same income twice or draw a CRA penalty.
- We set the opening balance sheet, minute book, share classes and first fiscal year-end up to 53 weeks out, so dividends can later be split, your concrete corporation is ready for a $1.25M-exemption sale, and the first T2 and CRA balance-due date are deferred.
Concrete Contractor Tax & Equipment Check
Six quick questions on your equipment CCA, subcontractor slips, holdbacks and job costing. No fee shown.
1. Are you job-costing each pour against the ready-mix ordered?
2. Are your pumps, trowels and trucks in the right CCA class?
3. Are you filing T5018 slips for your subcontracted finishers?
4. Are you reporting all cash deposits from driveway and flatwork jobs?
5. Are you claiming the apprenticeship credit for your cement-finisher apprentices?
6. Are you accruing holdback and work-in-progress at year-end?
Free CPA Consultation for Concrete Contractors
Case Studies: Concrete Contractor Accounting & Tax
Toronto Foundation & Forming Contractor — Equipment CCA Reclassified & Apprenticeship Credit Recovered
The problem: A Toronto foundation and forming contractor had a concrete pump, power trowels, screeds and a work truck that a prior preparer had dumped into a single wrong CCA class, so the company was under-claiming capital cost allowance every year, and it had never claimed the apprenticeship job creation tax credit for two cement-finisher apprentices. Holdbacks and work-in-progress were never accrued, which inflated the profit CRA taxed in a year two large foundation contracts closed.
What we did: We rebuilt Schedule 8, moving the concrete pump into Class 38 at 30%, the power trowels and screeds into Class 8 at 20%, the work truck into Class 10 at 30%, and small tools under $500 into Class 12 at 100%; filed an amended T2 to recover the missed depreciation; claimed the 10% apprenticeship credit on Schedule 31 for both apprentices; and accrued the 10% holdback and work-in-progress.
The result:
- Saved $27,900 in corporate tax in the first corrected year
- Recovered $8,400 in apprenticeship credits over two years
- Smoothed profit so the Small Business Deduction was preserved
Vaughan Flatwork & Driveway Contractor — Subcontractor/T5018 & Payroll Fixed, Underground-Economy Review Closed
The problem: A Vaughan flatwork and driveway contractor paid subcontracted finishers in cash and by e-transfer, filed no T5018 Statement of Contract Payments for three years, 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 on CPP, EI and payroll, while unreported cash driveway deposits had put the business on CRA’s underground-economy radar.
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, reconciled every deposit, and filed an RC4288 taxpayer relief request on the accumulated penalties.
The result:
- All T5018 penalties cancelled under Form RC4288
- Underground-economy review closed with no additional tax
- Payroll and WSIB brought fully compliant before CRA review
Ottawa Commercial Concrete Contractor — Holdback, WIP & Bonding
The problem: An Ottawa commercial concrete contractor bidding larger foundation and structural 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 bigger commercial pours 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 commercial tenders
- Saved $19,600 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, ready-mix and subcontractor records, apprentice and payroll records, 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 classes, and configure T5018 and apprenticeship-credit tracking.
Monthly Close
Monthly reconciliations, receipt capture, job costing per pour, HST tracking, and subcontractor payment logging.
Quarterly Planning Review
Salary and dividend mix, HST, equipment timing, work-in-progress and holdback review, apprenticeship credit 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 Concrete Contractor Taxes Done Right Today
Affordable Pricing for Concrete Contractors
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 Concrete Contractor Accountant
Meet your lead concrete contractor 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 concrete contractors and small-business owners across Ontario and Canada.
Serving Concrete Contractors Across Ontario
Our CPA team provides specialized accounting and tax solutions for foundation, flatwork and decorative concrete contractors throughout Ontario. We understand how a concrete business actually operates, what CRA and WSIB look at on a construction file, and how to keep the equipment, 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
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Mississauga (ON)
5373 Bullrush Dr, Mississauga, ON, Canada
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Brampton (ON)
4 Starhill Crescent, Brampton, ON L6R 2P9, Canada
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Scarborough (ON)
24 Clementine Square, Scarborough, ON M1G 2V7, Canada
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Vaughan (ON)
19 Cabinet Crescent, Woodbridge, ON L4L 6H9, Canada
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Oshawa (ON)
210 Durham St, Oshawa, ON L1J 5R3, Canada
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Ottawa (ON)
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Etobicoke (ON)
60 Stevenson Rd #1601, Etobicoke, ON M9V 2B4, Canada
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Hamilton (ON)
70 Starling Dr, Hamilton, ON L9A 0C5, Canada
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Guelph (ON)
1155 Gordon St, Guelph, ON N1L 1S8, Canada
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Windsor (ON)
4387 Guppy Ct, Windsor, ON N9G 2N8, Canada
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North York (ON)
150 Graydon Hall Dr #912, North York, ON M3A 3B2, Canada
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Concrete Contractor Accounting & Tax FAQs
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Concrete Contractor Accounting & Tax Done Right.
T2 filing, Class 8, Class 38 and Class 12 equipment CCA, T5018 subcontractor slips, the apprenticeship credit, 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.