Understanding Company Information

The information that you set up for companies must meet the CRA specifications for Form T5018. As part of the T5018 process, you must review address book records for companies within your organization to ensure that you have the necessary information and that the information meets CRA requirements.

Accurate T5018 reporting depends on setting up company records correctly. Begin preparing for T5018 processing early enough to review address book records, enter corrections, and still meet the T5018 deadline. Ensure that you allow sufficient time to research and update records. If company information is incorrect, the CRA might reject the returns and impose fines for each incorrect T5018.

For each company that submits T5018 forms, you must specify this information in the company's address book record:

• Address number

• Contact name

• Mailing name

• Add'l IndTax ID

• Phone number

Company information is stored in the Company Constants table (F0010).