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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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