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Old 10-05-2004, 11:42 PM
Tuco Tuco is offline
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Join Date: Sep 2002
Location: get away from me bitch
Posts: 1,563
Default Re: Canadian Online Poker Tax Thread

TCFE,

Thank you for all your (free) advice in this thread. I have a couple questions if you dont mind indulging me.

1. If a player uses a non-canadian bank to withdraw his/her earnings to, does RevCan have any proceedures to find that information or arbitrarily estimate someone's (in the event of an audit) income?

2. If a poker player has a job that pays 50K a year and that player makes 100K on the side playing poker, is it still a hobby if it takes less time than their real job but makes more money?

3. Would a person who makes a large amount each year be better off withdrawing it all at once yearly (as opposed to monthly) so its treated like a windfall?

Thanks for any further advice you can offer.

Tuco.
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