The Race Tracks Tax Act imposes a tax on every person who places a bet in Ontario on a horse race held in Ontario. Race tracks tax also applies to bets placed on simulcast races placed with operators in Ontario.
Tax Rate
Race tracks tax is 0.5% of the total amount bet or wagered on each race.
Who Should Be Registered
Operators must be registered. An 'operator' means a person who:
- operates a race course,
- conducts a race meeting, or
- is in any manner the custodian or depository of money that is staked or deposited in the placing of a bet upon a race run at a race meeting.
Reporting & Remitting Tax
Track operators are required to file their Race Tracks Tax Return within 23 days after the return period ends.
Taxes must be remitted to the Ministry of Revenue, Client Accounts and Services Branch, on or before the 23rd day of the month following the end of your filing period. If the due date falls on a weekend or holiday, the return is due on the next working day.
