{"type":"video","version":"1.0","html":"<iframe src=\"https://www.loom.com/embed/d1d4c83009ff4920aa0daad1eb6e26d6\" frameborder=\"0\" width=\"1152\" height=\"864\" webkitallowfullscreen mozallowfullscreen allowfullscreen></iframe>","height":864,"width":1152,"provider_name":"Loom","provider_url":"https://www.loom.com","thumbnail_height":864,"thumbnail_width":1152,"thumbnail_url":"https://cdn.loom.com/sessions/thumbnails/d1d4c83009ff4920aa0daad1eb6e26d6-ee4184c46b441810.gif","duration":1141.928,"title":"Mastering the T5018 Statement: A Step-by-Step Guide 📄","description":"In this session, I walked you through the preparation of the T5018 statement, which is essential for reporting payments made to subcontractors in the construction industry. We discussed the criteria for requiring a T5018, including the need to report payments over $500 to Canadian resident subcontractors whose business income is primarily from construction activities. I demonstrated how to set up and generate the T5018s in our system, ensuring that you verify the accuracy of the reports against your vendor transactions. Please make sure to check your company settings and update the reporting period as needed. If you have any questions or need assistance, feel free to reach out."}