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Dark Knight / Le Chevalier Noir
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I hope to make the blitz tournament, Looking forward to seeing further details on your website.
The slow chess tournament has 6 GMs, 12 IMs and an old-timer master Jozef Polacek, 1984 Toronto co-champion, who hasn't played in a tournament for decades.
My prize was $600, so above the entry fee paid, but the entry fee wasn't deducted from the amount on the T4A.
Getting back on topic:
1) Why are the Royal City Masters organizers adding HST to the cost? I've never seen that before and,
2) Why is the late fee $75, which is higher than the entry fee of most tournaments! In an ideal world, sure, I would have registered months ago. But it's not always easy to plan so far in advance with work schedules, family, and other life obligations interfering. $75 is a deal-breaker. There's also the cost of accommodation to consider, and I hadn't even looked into that.
If they are part of a registered business then they have to charge HST unless they have revenues under $30k or at least that used to be the rule when I was concerned with such things. The threshold for registering a non-youth tournament used to be $30k but that includes all revenue for the year. For a youth tournament, it used to be $50k. To qualify as a youth tournament 50% plus one of the participants had to be under the age of 18 (or perhaps 16 though I don't recall off the top of my head) which probably includes most tournaments these days. If we want our social programs we have to pay the taxes that support those programs
Tournament entry fees used to be $50 or $100 and you might get 100 players. These days most tournaments charge more and have to remit HST.
It would be up to you to itemize deductions and not the person preparing the T4A.
I hope to make the blitz tournament, Looking forward to seeing further details on your website.
The slow chess tournament has 6 GMs, 12 IMs and an old-timer master Jozef Polacek, 1984 Toronto co-champion, who hasn't played in a tournament for decades.
oops, I'm an idiot
Last edited by John Coleman; Yesterday, 10:42 PM.
Reason: oops,
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