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Old 12-02-2006, 09:31 AM
TorontoCFE TorontoCFE is offline
Senior Member
 
Join Date: Sep 2004
Location: Brampton, Canada
Posts: 165
Default Re: Question on Canada and taxes

You don't have to celare an occupation on Canadian passports.

Branches share info but not rountinely.

TECHNICALLY, the $ amount is irrelevant. The issue would be whether it was worth them dedicating the resources to come after you. Given an investigation could cost 30k, the analysis means you need to be making over 100k a year and not declaring to have much risk of being hauled to court.
But that doesn't mean it is legal to not declare. You are either in the business of poker or not.
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