[Verse 1] When you need extra hands to get the work done right Hire a subcontractor to share your workload's might But remember the rules when you pay them their fee There's a tax game to play for you and me [Chorus] Sub payments are deductible, write them off with ease Five hundred dollars triggers forms, T4A's if you please Arm's length relationships, keep it clean and true Subcontractor payments working hard for you [Verse 2] Document every dollar that you pay their way Invoices and contracts will save the day Make sure they're independent, not your employee Structure matters legally, can't you see [Chorus] Sub payments are deductible, write them off with ease Five hundred dollars triggers forms, T4A's if you please Arm's length relationships, keep it clean and true Subcontractor payments working hard for you [Bridge] Calendar year counting, watch that five hundred line Issue those slips by deadline time Family and friends need extra care Arm's length testing, buyer beware [Verse 3] When February comes around, T4A's must go To every sub you paid five hundred or more, you know Keep your records organized, CRA wants to see That your deductions are legitimate and free [Chorus] Sub payments are deductible, write them off with ease Five hundred dollars triggers forms, T4A's if you please Arm's length relationships, keep it clean and true Subcontractor payments working hard for you [Outro] Deduct those payments, follow the rules Subcontractor knowledge, these are the tools Five hundred threshold, T4A's the key Smart business deductions, tax strategy
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