Ontario

Construction holdback in Ontario

Ten percent of every progress invoice sits with somebody else until the job is certified, and the tax on it does not wait for the money. These guides cover what you invoice, what you remit and when, the day the holdback is legally yours, and what happens when the release date goes by and nothing lands.

3 ways to move forward

Practical guidesGet your 10% holdback backTake the 10% off every invoice automatically, on the pre-tax value, so your client sees what is payable now. Record each release date once, and every held dollar lands in one tracker that turns red the day you are allowed to collect it.Practical guidesInvoice and get paid on timeBuild the invoice straight from an accepted quote, with HST at 13 percent and the 10 percent Construction Act holdback computed for you. Send it with a timestamped record, log partial cheques, and put every held-back dollar on a countdown.Practical guidesOne place, not five toolsContractors build their own spreadsheets because every app was missing the thing that makes construction different, and because a monthly bill for something that still needs a workaround is infuriating. Holdback, per-job profit and the T5018, in one place, with no monthly bill.

Count it instead of estimating it

HST on holdback calculatorYou charge HST on the full value of the work, including the tenth being held. You do not remit all of it yet. Enter the job and get both numbers, and the date the rest falls due.Free, no signup.Ontario lien deadline calculatorLast day on site and contract date in. Preservation, perfection and the annual holdback dates out, counted with the periods in the Construction Act.Free, no signup.

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Project documents & delivery Finding construction work in Ontario Bidding and prequalification in Ontario Pricing construction work in Ontario Getting paid on Ontario construction HST for Ontario contractors Construction bookkeeping in Ontario Starting a construction business in Ontario

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