[smellmuth]

[ QUOTE ]
[ 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.

[/ QUOTE ]

this is only somewhat true. the case in question was about a guy who was 'beating' a govt-run sports betting game, they called him a pro and tried to tax him. he filed a class action on behalf of everyone who had ever lost money on the game (vast majority) - both suits were dropped.

It seems like the canadian govt intends to tax professional poker players, but most of the applicable laws were written for sports bettors so the language isnt directly applicable.

you are right though that the canadian system works largely on case law and there is no significant case law yet to support taxing pro poker players. This doesnt mean its not taxable, just that they cant prove it yet.

brag: i still dont have to pay taxes