Refunds are only available if you withdraw by March 1, 2013, or if your name is not drawn in the lottery. In either case, the refund amount is $110 (Canadian). The remaining $10 is a non-refundable administration fee.
No refunds after the lottery date in early March, 2013 (exact date tba).
Entries are not transferable. In addition, they must be used in the current year and may not be carried forward to future races.