View Single Post
  #29  
Old 04-11-2007, 12:42 PM
bigt2k4 bigt2k4 is offline
Senior Member
 
Join Date: Jul 2005
Location: UWO/ London, ON
Posts: 4,131
Default Re: official 2006 tax brags and beats

[ QUOTE ]
what?

I thought Canadians don't have to report poker winnnings.

[/ QUOTE ]
We definitely don't, no matter what how much we make or if it is our sole source of income. People who interpret what the law says word for word are unfamiliar with our legal system and that precedence is most important with our laws.(mostly unwritten, like theBritish system) There was a sports gambling case quite a few years ago where Revenue Canada attempted to take these professional gamblers to court to pay taxes on their multi million dollar revenues. Case was thrown out as Revenue Canada would have had to let all people write off their gambling losses in order to collect taxes on the few who make profit. They obviously will not do this and thus, gamblers do not have to pay any taxes.
Reply With Quote