- TD3F, Fisher's Election for Tax Deductions at Source
When a fisher sells a catch, the fisher can choose to have the buyer, also known as the designated employer, withhold income tax at a rate of 20% from the proceeds of the sale. To do this, the fisher must complete TD3F with the designated employer and send a copy of the completed form to your tax centre.
The designated employer is then responsible to deduct, remit and report the amounts withheld. To find out your responsibilities for each step, see Payroll steps and for the rules on fishers and EI, see Fishers and Employment Insurance.
Forms and publications