Income tax Dates
FEB 7End-of-year income tax and Working for Families bills are due, unless you have an extension of time to file your income tax return.
FEB 28Provisional tax payments are due if you have a March balance date and use the ratio option.
MAR 31Income tax returns are due if you have an extension of time
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.