Accounting Built
As Solid As You Do.
From managing unpredictable cash flow and holdbacks to navigating complex WIP accounting and job costing. We provide specialized financial strategy for builders, developers, and skilled trades across Canada.
Master Job Costing & Protect Margins.
The Unique Financial Challenges of Construction
Standard accounting doesn't work for trades. You need a system that tracks profitability by the project, not just by the month.
WIP Accounting
Work-In-Progress accounting is critical. Without the percentage-of-completion method, your P&L will show massive losses one month and huge, highly-taxed profits the next. We smooth this out.
Accurate Job Costing
If you don't know exactly what a project costs in labor, materials, and overhead, you don't know if you're making money. We implement cloud tools to track job profitability in real-time.
T5018 & Subcontractors
The CRA is heavily auditing the construction sector for subcontractor compliance. We handle your T5018 filings and ensure the line between employee and contractor is clearly defined.
Taming Cash Flow & Holdbacks
In construction, cash is king, but it's rarely in your bank account. You pay for labor and materials upfront, wait 60 days for the invoice to be paid, and then have 10% held back for another 45 days after completion.
This working capital gap kills growing businesses. We help you implement strict cash flow forecasting models.
Holdback Tax Strategy
Many contractors mistakenly pay income tax on holdbacks they haven't received yet. Under CRA rules, holdbacks are generally not included in your taxable income until the holdback period expires or the architect certifies the job. We ensure your accounting system properly segregates holdbacks so you aren't paying tax on phantom income.
Equipment, CCA, and Corporate Structure
Heavy equipment is expensive. Should you buy or lease? We run the numbers based on your current tax bracket, cash flow needs, and the Capital Cost Allowance (CCA) classes available. We strategically time equipment purchases to maximize your first-year CCA deductions.
Protecting Your Assets
Construction is a high-liability industry. Operating as a sole proprietor puts your personal assets (like your home) at risk. We guide you through incorporation to establish limited liability.
As you grow, we implement Holding Companies (Holdcos) to strip excess cash and valuable assets (like real estate or heavy machinery) out of your operating company (Opco), protecting them from potential litigation or creditor claims.
WIP Profitability Analyzer
Evaluate your project's true percentage of completion, earned revenue, and over/under billing status.
You have earned more than you've billed. You need to invoice to improve cash flow.
This tool is for general information only and does not replace professional tax or accounting advice.
Why Choose Teixeira Accounting?
At Teixeira Accounting Firm Inc., we don't just record history; we write your financial future. Most accounting firms are reactive—they wait for you to bring them problems. We are proactive architects of your wealth and business growth.
Whether you're a scaling enterprise or a high-net-worth individual, we provide the strategic oversight, tax optimization, and bulletproof compliance you need to operate with absolute confidence.
The Teixeira Advantage
Proactive Tax Strategy
We don't just file your taxes; we actively look for ways to reduce your tax burden year-round.
Bulletproof Compliance
Our rigorous quality control ensures your filings are accurate, minimizing audit risk.
Dedicated Advisory
You get a dedicated partner who understands your business deeply, not just a once-a-year tax preparer.
Construction Accounting FAQs
Build a Stronger Financial Foundation.
Stop guessing your job profitability and overpaying the CRA. Let's build a tax and accounting strategy that scales with your construction business.
Book Your Consultation