Trust Money, Mixed Bank Accounts, and Contractors Held Personally Liable

When you get paid for a job in Ontario, part of that money already belongs to the subs and suppliers on it. Spend it on another job's payroll and you can be sued personally, even if you never took a dollar for yourself.

Kosta and Johny break down an Ottawa court case where a contractor didn't pay its supplier in full and the judge held both owners personally liable. They walk through how a normal week of paying whatever is due next turns into a breach of trust, whether you need a separate bank account for every job, and what subtrades can do when the GC got paid and they didn't.

Both sides of this come down to knowing where each job's money went. Jobtable posts your receipts and timesheets to the job they belong to, so every job shows its own costs and profit.

👉 Learn more at https://www.jobtable.com

Ontario's Construction Act: https://www.ontario.ca/laws/statute/90c30

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00:00 – New in Jobtable: name your quotes and invoices

02:58 – One bank account or several?

03:53 – The Ottawa case: two owners personally liable

07:35 – Whose money is a progress draw?

12:35 – Dave the electrician: a normal week that breaks the rules

19:56 – Is Dave the bad guy? Cash flow and building a bankroll