[4thstreetpete]

Great article, thanks.

[ QUOTE ]
In September I'm up about $1,700 (U.S.)," says the 35-year-old who lives in Toronto. "I used to play for a living at a live card room here in Toronto. I gave that up when online poker came around."

And he adds the income is very "tax advantageous.

Canadians have to declare all income generated from online gaming, but according to Revenue Canada, income from online gaming is not taxable as long as it remains a hobby.



[/ QUOTE ]


So if you win $1700 a month every month, that still constitutes it being a hobby? I hardly think so. I just wished Rev Canada would make it more black or white. Either you tax it or you don't. For the record, I think taxing gambling winnings is absolutely ridiculous.