When a fisher sells a catch, the fisher can choose to have the buyer, also known as the designated employer, deduct income tax at a rate of 20% from the proceeds of the sale. To do this, the fisher must complete Form TD3F, Fisher's Election to Have Tax Deducted at Source with the designated employer and the designated employer must send a copy of the completed form to their tax centre.

The designated employer is then responsible to deduct, remit and report the amounts withheld.

To find out your responsibilities for each step, go to Payroll and for the rules on fishers and EI, go to Fishers and Employment Insurance(EI).

Forms and publications

• Form TD3F, Fisher's Election to Have Tax Deducted at Source