MKP Chartered Professional Accountants is now officially PDC Accounting Evolved
PDC Accounting provides accounting, tax, and advisory services for construction businesses, tradespeople, and contractors across British Columbia and Ontario. We work with carpenters, electricians, plumbers, roofers, welders, general contractors, and subcontractors to provide financial support that reflects the realities of project-based, hands-on work.
Our team understands that the trades industry operates differently from typical office-based businesses, and our services are designed to fit.
Construction and trades businesses face unique financial challenges: variable project-based income, significant equipment and vehicle investments, complex deduction opportunities, and compliance requirements including workplace safety reporting. You need an accounting partner who understands these realities.
PDC Accounting works with contractors and tradespeople to help maximize legitimate deductions, stay compliant with tax and safety reporting requirements, and build a sound financial foundation — whether you’re a sole proprietor or running a crew.
We understand that contractors and tradespeople work long hours, often from job sites rather than offices, with income that fluctuates by season and project. Our services are designed to be straightforward and flexible, reducing administrative burden so you can focus on your work.
We also understand deduction opportunities specific to the trades, from vehicle expenses to tool purchases to travel and living allowances, and work to ensure you’re claiming everything you’re legitimately entitled to.
Compliance requirements differ between British Columbia and Ontario:
British Columbia:
GST/PST applies. WorkSafeBC reporting and compliance required. Travel and living-out allowance deductions may be applicable for remote and oilfield work.
Ontario:
HST applies. WSIB compliance and reporting required. Municipal permit regulation and project-based reporting considerations.
PDC Accounting ensures all filings and compliance support reflect the correct provincial requirements.
Service availability may vary based on engagement requirements.
Should I incorporate my trades business?
The decision to incorporate depends on income levels, liability considerations, and long-term goals. We help contractors evaluate sole proprietorship vs. incorporation to determine the best structure for their situation.
What deductions are available for contractors?
Contractors and tradespeople may be eligible for deductions related to vehicles, tools and equipment, supplies, travel and accommodation, home office use, and other business expenses. We work to ensure all legitimate deductions are properly claimed.
Do you handle T5018 reporting?
Yes. T5018 (Statement of Contract Payments) reporting is included as part of our services for businesses that make payments to subcontractors.
Do you support oilfield workers?
Yes. Our British Columbia offices support tradespeople who travel for oilfield and remote work, including T2200 preparation and multi-province tax considerations.
Can you help with job costing?
Yes. We provide job-by-job cost tracking and profitability analysis to help contractors understand which projects are profitable and where costs can be managed.
If you’re a contractor or tradesperson looking for accounting support that understands the trades industry, we’d welcome the opportunity to connect.
