Re: Canadian Online Poker Tax Thread
As I said earlier in the thread, the advice I received differs from what Qbert received in the sense that if you make more playing poker than you do at your job, you should claim your winnings. If Poker$ > Employment$, why wouldn't your poker be your principal occupation and your "job" as your pastime?
As a student, you're not earning money; it's not employment. It would be VERY difficult to argue that you're not living on the money you've earned (whether through buying books or beer) ... and if you're playing for a large period of time each day, it will be very difficult to prove that you are not approaching it as a full-time enterprise that is the equivalent of self-employment.
The safest approach would be to pay taxes on it and consult a tax professional to figure out what expenses you can write off.
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