Forum: Politics
11-30-2007, 09:18 AM
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Replies: 9
Views: 246
Re: Cost of living and its effect on immigration
A lot of immigrants also have perceptions of the other side from years and years of hearing of the success of others who did the same thing before.
A lot make the move without having jobs lined up...
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Forum: Politics
11-29-2007, 02:33 PM
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Replies: 9
Views: 246
Re: Cost of living and its effect on immigration
The average person looking to move to escape poverty or persecution will not be up on or care about current market conditions. They don't think that deeply.
Lack of construction jobs stops some but...
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Forum: Politics
11-21-2007, 02:29 PM
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Replies: 44
Views: 223
Re: Vaccination tyranny continued.
http://healthandfitness.sympatico.msn.ca...itemid=21838015 (http://healthandfitness.sympatico.msn.ca/News/ContentPosting.aspx?feedname=CP-HEALTH&showbyline=True&newsitemid=21838015)
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Forum: MTT Community
10-24-2007, 04:37 PM
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Replies: 656
Views: 3,158
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Forum: MTT Community
10-24-2007, 04:34 PM
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Replies: 656
Views: 3,158
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Forum: Internet Gambling
09-21-2007, 07:40 AM
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Replies: 184
Views: 2,124
Re: Canadian Online Poker Tax Thread
All the government really has to do is prove that you intend on relying on poker income as your source of support.
If you have no other means of support, you must be in the business of poker.
It...
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Forum: Internet Gambling
09-20-2007, 08:19 AM
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Replies: 184
Views: 2,124
Re: Canadian Online Poker Tax Thread
The issue can be argued successfully either way depending on how good the lawyer/accountant is. Because there are a list of several factors used to determine tax eligibility and most cases are not...
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Forum: Internet Gambling
09-01-2007, 11:44 PM
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Replies: 184
Views: 2,124
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Forum: Internet Gambling
08-31-2007, 08:52 AM
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Replies: 184
Views: 2,124
Re: Canadian Online Poker Tax Thread
There isn't any major holes with this approach, depending on how the corporation was set up and the shareholder / employment agreement.
Non-residency means totally severing your ties to Canada -...
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Forum: Internet Gambling
08-31-2007, 08:47 AM
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Replies: 184
Views: 2,124
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Forum: Tournament Circuit/WSOP
06-15-2007, 08:27 PM
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Replies: 11
Views: 68
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Forum: Poker Legislation
06-01-2007, 12:39 PM
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Replies: 63
Views: 440
Re: Taxes in Canada?
The answers are only "maybes".
All it means is that FINTRAC will be notified and the transactions logged.
The odds of an audit go up, but that may mean going from 1% chance to a 5% chance.
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Forum: Poker Legislation
05-29-2007, 02:14 PM
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Replies: 63
Views: 440
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Forum: Internet Gambling
05-27-2007, 10:22 PM
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Replies: 184
Views: 2,124
Re: Canadian Online Poker Tax Thread
Rake back is always figured as part of your net results.
What you look at is how much you start the year with and how much you end the year with (adjusted for any deposits and withdrawals). How...
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Forum: Internet Gambling
05-27-2007, 09:50 PM
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Replies: 184
Views: 2,124
Re: Canadian Online Poker Tax Thread
It depends on each unique set of circumstances.
I think most tournament winnings would be exempt unless you were a full-time circuit player.
Cash game earnings are entirely dependent on facts -...
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Forum: Internet Gambling
05-27-2007, 09:46 PM
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Replies: 184
Views: 2,124
Re: Canadian Online Poker Tax Thread
Were you taxable, then the amount that would be income would be the difference between what you started with and what you ended with. If you start with $100 and end the year with $500, you have...
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Forum: Poker Legislation
04-05-2007, 09:57 PM
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Replies: 63
Views: 440
Re: Taxes in Canada?
Years of experience can consititue special knowledge since it is not something someone can easily get an be on even term with someone who has it.
Special knowledge isn't defined so you'd have to...
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Forum: Poker Legislation
04-05-2007, 09:55 PM
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Replies: 63
Views: 440
Re: Taxes in Canada?
The definition of something legally speakin is not alwayswhat you would think when it is intrepreted in law.
I know of a few cases being reviewed but not really close to court yet. Even if ...
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Forum: Poker Legislation
04-05-2007, 02:40 PM
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Replies: 63
Views: 440
Re: Taxes in Canada?
Special information can be someone who knows more about a given sitation (odds, insider info, advance knowledge or computer program that does the analysis) than other people would.
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Forum: Poker Legislation
04-05-2007, 02:38 PM
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Replies: 63
Views: 440
Re: Taxes in Canada?
The CRA could say "we think they are taxable so please send us 50k" or they can say "maybe they are profits from money laundering so unless you show us otherwise, we want 50k and we'll call the...
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Forum: Poker Legislation
04-05-2007, 02:29 PM
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Replies: 63
Views: 440
Re: Taxes in Canada?
They can't go to Court to clarify without knowing a specific set of facts.
The taxability of poker is entirely dependant on individual circumstances.
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Forum: Poker Legislation
04-04-2007, 04:02 PM
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Replies: 63
Views: 440
Re: Taxes in Canada?
That only applies if you have been evading tax.
A lawyer can go to the CRA and haggle a settlement of your liability.
You then pay this settlement and avoid criminal prosecution (unless that'S part...
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Forum: Poker Legislation
04-03-2007, 04:50 PM
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Replies: 63
Views: 440
Re: Taxes in Canada?
You also need to focus on the definition of a business.
There is a point where activities, even hobbies, stop being a hobby and become a business.
Once an activity can be classified a business,...
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Forum: Poker Legislation
04-03-2007, 04:46 PM
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Replies: 63
Views: 440
Re: Taxes in Canada?
It isn't vague legally speaking, it is just the amount of risk you are willing to assume .
Do you think they would come after you for 10k of missed taxes or not? Will your income stadn out or not?...
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Forum: Poker Legislation
04-03-2007, 04:41 PM
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Replies: 63
Views: 440
Re: Taxes in Canada?
If you tell them you won an online tournament, what are you going to say when they ask you to prove it?
Don't forget, if records are missing, they can shift the burden of proof to you to disporve...
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