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The T5018 Statement of Contract Payments reports to CRA the income you made as a subcontractor. It is taxable income. The slip is for informational purposes only on payments over $500 to a subcontractor that provided construction services. Unlike the T4A, the total in box 22 might include GST/HST/PST amounts.
Note. The T4A slip is still used to report eligible and non-eligible retiring allowance amounts (including those amounts paid to Indians) paid in 2009 and prior years if you are filing amended T4A slips or are filing late. You have to deduct income tax from lump-sum payments that are:1  from a registered retirement savings plan (RRSP) or a plan referred to in subsection 146(12) of the Income Tax Act as an amended plan; 2  from a registered pension plan (RPP); 3  from a deferred profit-sharing plan (DPSP);ote. The T4A slip is still used to report eligible and non-eligible retiring allowance amounts (including those amounts paid to Indians) paid in 2009 and prior years if you are filing amended T4A slips or are filing late. You have to deduct income tax from lump-sum payments that are: