Income tax Dates
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AUG 28Provisional tax payments are due if you have a March balance date and use the standard, estimation or ratio options.
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OCT 28Provisional tax payments are due if you have a March balance date and use the ratio option.
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JAN 15Provisional tax payments are due if you have a March balance date and use the standard, estimation or ratio options.
If you run a sports event or competition and give more than $500 in prize money to a participant, you will need to deduct 20% withholding tax. This applies to all events and competitions, both amateur and professional.
The tax deduction applies to each separate participant, for each separate event they compete in.
