Construction Contractors & Trades
Accounting, Tax and Advisory Services for Construction Contractors & Trades in GTA
Construction Bookkeeping and Accounting Support
Construction bookkeeping requires job-level accuracy, disciplined reconciliations, and reporting that reflects true project performance. We manage your bookkeeping consistently so your financials stay clean, current, and decision-ready. Bookkeeping support includes:
• Monthly bookkeeping and reconciliations
• Project-related expense tracking
• Accounts payable processing and vendor payments
• Accounts receivable tracking and collections support
• Regular financial reporting and analysis
Payroll Services for Contractors
Payroll in construction must be accurate, compliant, and on time. Whether you run weekly or biweekly payroll, union or non-union, we manage payroll end-to-end and ensure it aligns with CRA requirements and employment standards. Payroll support includes:
• Direct deposit payroll processing
• Payroll calculations and pay statement accuracy
• PD7A remittances for income tax, CPP, and EI
• ROEs prepared and filed through Service Canada
• WSIB coordination support
• T4, T4A, and T5018 year-end filings
• Overtime, vacation pay, and statutory holiday (ESA compliance)
Job Costing and Profitability Reporting
Strong contractors do not guess margins. They track them. Our job costing system captures all job costs and overhead so you can understand what each job is truly earning. Job Costing includes:
• Labour cost tracking by project
• Material and supplier cost visibility
• Subcontractor expense tracking
• Equipment and job-related overhead allocation
• Profitability by job and by phase
• Early visibility into cost overruns
WIP Reporting and Project Performance Visibility
If you use progress billings, WIP reporting is essential. It clarifies how projects are performing and reduces financial surprises caused by timing differences between billing and costs. WIP reporting includes:
• Percentage completion tracking
• Earned revenue calculations
• Under billing and over billing reporting
• Cost-to-complete forecasting
• Clear visibility into true project performance
Corporate and Personal Tax Services
Contractors need tax support that is proactive, compliant, and built around how construction companies operate. We handle corporate and personal tax filing and provide year-round guidance to improve tax efficiency and reduce risk. Our team includes experienced tax accountants in Oakville, ensuring your tax services include:
• T1 personal tax preparation
• T2 corporate tax preparation
• Corporate tax planning and filing
• HST filings and compliance support
• CCA schedules for equipment and capital assets
• CRA communication and representation when needed
Virtual CFO Services and Business Advisory
As your business grows, stronger financial leadership becomes critical. Our Virtual CFO services provide the strategic support contractors need to improve cash flow, strengthen margins, and scale with control. With over 30 years of industry experience, we also support business structure planning, growth strategy, and risk management to help you make informed decisions and unlock your company’s full potential. Virtual CFO support includes:
• Cash flow strategy and forecasting
• Budgeting and financial planning
• Profitability improvement and margin analysis
• Support with change orders and claims
• Project-level financial insights for better decisions
• Process improvement and system optimization
Serving Trades and Construction Contractors across the GTA
Burlington • Oakville • Milton • Toronto • Mississauga • Brampton • Vaughan • Markham • Richmond Hill • York • Hamilton
Why Contractors Choose Wefinx
When your back office is managed professionally, your business runs with more clarity and control. You get reliable reporting, better job-level visibility, stronger cash flow planning, and fewer administrative burdens. With Wefinx, you gain:
• Clean financials and consistent reporting
• Stronger job costing and profitability visibility
• Reliable payroll and CRA compliance
• Predictable cash flow planning
• Reduced administrative workload
• Better decision-making using accurate numbers
• A financial system built to support long-term growth
Learn More
Schedule a consultation to discuss how we can support your construction business with clean financials, accurate reporting, and a fully managed back office designed for contractors.
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