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First of all, thank you for all the detailed replies TCFE. Actually that goes for everyone here - I think this is the first tax thread I have read that has really got some great information in it.

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then I may look at setting up a CCPC (small private corporation) with its own bank account, depositing funds there and then paying yourself a salary. Then the poker earnings are taxed but at the lowest possible rate, you can control how much money gets to you and in what form, it is all legal and above board and prevents tax evasion charges - but thats just me.

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This option interests me. Can you shed some more light on some of the advantages to this?