CPRS - Contract Payment Reporting System (T1204 & T5018)
Here's how AvanTax eForms helps you prepare the CPRS:
- User friendly CPRS data entry
- Import CPRS data from CSV, Excel, or CRA XML submission file*
- Print CPRS forms and summaries on plain paper or CRA forms
- Create individual CPRS forms (password protected PDF) for electronic distribution**
- Distribute recipient CPRS forms by email or corporate portal**
- Prepare CPRS XML files and upload over CRA's Internet File Transfer portal
- Easily process original, amended, cancelled and additional CPRS returns
- PLUS!
- Roll forward previous year CPRS data into current year
- Roll forward current year CPRS data into following year
- Unlimited technical support by phone, email or live chat
- and much more!
* eForms Standard & Enterprise
** eForms Enterprise
The Contract Payment Reporting System (CPRS) requires construction businesses to record payments they make to subcontractors for construction services and to report these payments to the Canada Revenue Agency (CRA). The CPRS was also developed to require contract reporting by Crown corporations (since 1998) and federal departments and agencies (since 1999). The Contract Payment Reporting System (CPRS) includes the T1204 and T5018 forms.